SHREVEPORT, La., March 20, 2006 (PRIMEZONE) -- Don Harrold (IARD #119079, www.donharrold.net), rates Apple Computer (Nasdaq:AAPL), Google (Nasdaq:GOOG), Broadcom (Nasdaq:BRCM), and Tyco (NYSE:TYC).
DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net offers subscription services for Swing traders, Day traders and Penny Stock Traders. DonHarrold.net issues daily market commentary and features a members' area with detailed information on over 12,000 stocks.
Important Stock rating Changes for Monday, March 20, 2006:
Apple Computer Inc (NASDAQ:AAPL) -- BUY
www.donharrold.net/stocks/AAPL.php
Google (Nasdaq:GOOG) -- Weak Buy
www.donharrold.net/stocks/GOOG.php
Broadcom Corporation (NASDAQ:BRCM) -- BUY
www.donharrold.net/stocks/BRCM.php
Tyco International Ltd /BER/ (NYSE:TYC) -- WEAK BUY
www.donharrold.net/stocks/TYC.php
Stock Commentary - March 20, 2006
There are two facts about Google's stock you might not know: GOOG's been traded publicly for close to two years, and the stock price is down 28% from its highs.
That's pretty amazing. Two years and down 28% from the highs.
But, what other company could stand up to the news that the feds are pushing them, profits are not what the public expects, and that the competition is coming out of the woodwork.
Not many companies with such a short trading history could be down ONLY 28% from their highs under the same scrutiny as Google's endured. It's kind of a "glass half empty or glass half full" story with Google.
Long term, I don't know where Google will go. I'm just being honest. Too much can change on the internet between now and, say, next quarter.
But, I do believe over the next month Google can outperform the market. Technical analysis of key indicactors like Stochastics and RSI tell me that GOOG is setting up for less downside and -- at least -- a cessation of the recent drop.