Word: manley
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...rally" around Christmas, and then to the "January effect" as investors buy stocks that have been driven arbitrarily low. But in a year like this one, with widespread losses, it makes sense to start sooner. "The smart move is to think like it's November in September," says John Manley, market strategist at Salomon Smith Barney...
...request, Manley screened for stocks that are down and may be driven even lower by tax selling. He found that there are 160 stocks traded on the three major exchanges--New York, American and NASDAQ--that are at least 25% below their average price over the previous 12 months. Note: that's not from their high point, but from their average price, a proxy for the price most people paid for the stock over that period. On the list are plenty of big, widely held companies, including oil-services giant Halliburton, tractor company Deere, Northwest Airlines and food-and-tobacco...
...Manley, press secretary for Sen. Edward M.Kennedy '54-'56 (D-Mass.), agreed, saying thatwhile Kennedy worked closely with his alma mater,in the end he gave Harvard's lobbying the sameweight as that of other area schools...
According to Jim Manley, a Kennedy spokesperson, the bill will be debated in either the Senate Judiciary or Labor committees--both of which Kennedy sits...
...know that all sounds a bit pointy-headed, but the message is simple and important: Wall Street has grave doubts about corporate earnings in '98. Asia isn't just sinking, it's sinking in. "The more the analysts learn, the less they like," says Manley. That's why the stock market has gone nowhere. The bad news is that when profit momentum swings from plus to minus, it is usually accompanied by steeper stock declines than what we've seen. Look out below! The good news is that it's still too early to know if the profit cycle...