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TechStockMania.com | |||||||||||||||||||||||||
7/06/99 UPDATE | |||||||||||||||||||||||||
The Fed gave America the best birthday present it could ever want. As expected they raised interest rates .25% but surprisingly announced a neutral inflation bias. This means they are less likely to increase rates in the future. The Market Leading Technology Companies drove the market to its present levels. Right now it's a time for patience, overall. Many of these companies are near or at their 52 week highs. However, MCI Worldcom does represent a good buy right now. Last week it was lower on news that their earnings would fall short. With the stock trading around 89 it's a good buy for a few reasons. First, while some analysts lowered their earnings expectations, many did not. Fundamentally, they are better positioned to grow more from the explosion in data traffic than othes. Click here to read a recent Forbes' article on MCI Worldcom. According to CNBC, over 1/3 of all internet traffic travels over MCI's infrastructure due to smart acquistions of UUNET and MFS. MCI Worldcom is also more focussed on the business market than ATT. Therfore their profit margins will be higher. Aside from buying MCI Worldcom, now is a good time to enjoy the summer and watch your portfolio of Market Leading Technology Stocks grow. |
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News Links: Market News From Yahoo Tech News From Yahoo Tech News From CNET Net News From Yahoo |
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E-mail me at: TechStockMania@Geocities.com | |||||||||||||||||||||||||
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