Featured Articles From S&P Personal Wealth
25 September 1998
Featured Articles From S&P Personal Wealth
NEW YORK--Sept. 25, 1998--Read the following articles exclusively at S&P Personal Wealth (http://www.personalwealth.com). Standard & Poor's is a division of the McGraw-Hill Companies:"S&P Downgrades Gucci Group Shares to Hold" http://www.personalwealth.com/prn05
Standard & Poor's equity analyst Tom Graves downgraded Gucci Group N.V. to 3 STARS (hold) from 4 STARS (accumulate). He expects concerns about future consumer spending, both in the U.S. and elsewhere, to weigh on the stock of the luxury goods company, and lowered his fiscal 1999 (Jan.) earnings per share estimate to $2.85 from $3.00. Get unbiased opinions on stocks in the news every trading day from S&P STARS Picks and Pans.
"Consistent Rise in Stocks No Longer Likely, S&P's Cherney Says" http://www.personalwealth.com/prn02
Standard & Poor's Market Analyst Paul Cherney says he was wrong
-- it no longer seems likely that there will be a consistent rise in the markets. He doesn't think that downside risk is tremendous, but feels that the positive factors that were put in place on Wednesday should have kept the markets from selling off as much as they did on Thursday. MarketViews provides the thoughts of leading investment strategists, portfolio managers and other market mavens on the stock and bond markets and the state of the economy. MarketViews also features Paul Cherney's market commentary every weekday evening.
"Unifi Sees 1st Quarter Earnings Falling Short of Year-Earlier Level" http://www.personalwealth.com/prn03
Unifi Inc. expects first quarter earnings per share to be about 20% below the year-earlier $0.45. The producer of textured polyester and nylon yarns cited the impact of the GM strike, lower demand from the North American apparel sector, and competitive pricing pressures on a global scale as a result of the Asian financial crisis. Other stocks featured in this morning's MarketMovers include Olin Corp. , Mattel Inc. , Recovery Engineering , Speedfam International , Quaker Fabric , Unique Casual Restaurants , Allied Products , 3Com Corp. , Xomed Surgical Products , and IVI Checkmate .
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