Saturday, March 05, 2005

Fox Saturday Morning "Business Bloc" for March 5, 2005

Fox News Channel' s "Cost of Freedom" Saturday Morning shows--
All four shows can be summed up in three words-Martha, Martha, Martha. Who cares, and how does this make me any money?
Bulls and Bears started with some macro talk about social security reform. I think this is one of the few macro issues worth listening to, simply because what happens will likely have a significant effect on the markets over the medium to long term. Very few new points were made, and unfortunately things pretty much broke down along partisan lines.
Bob Olstein recommended several beaten down stocks: TAP presently at 71, he says is worth 90, DBD presently at 53, he says worth 65-70 (because they are going to upgrade all ATMs--everybody else liked it as well), RSH presently at 29, he says worth 38-39; DLM presently 11.30 and he says worth 15.
Gary B. Smith showed some charts (of course). PFE --broke a downtrend line, says it's going up. Next was WAG --broke above a resistance line, and became a buy. CLX is in a beautiful uptrend. SYMC is in a clear downtrend, maybe a short at the top of the channel. Strangely he was asked for a dividend chart, and he came up with INTC, which broke a downtrend and is about to break resistance.
Pat Dorsey says the BIIB sell off is overdone. Scott Bleier says sell AAPL.

Cavuto had the usual cast of characters. Gregg Hymowitz recommended GE as a buy, but Jim Rogers said its balance sheet is a sham that "nobody understands". Gary Kaltbaum said YUM is looking tasty. Jim Rogers liked VWSYF(windmills), but Hymowitz slammed it. Ben Stein mentioned EEM (emerging markets fund) as a good play.
More Martha.
Jon Najarian predicted a big fall in crude oil prices but Jim Rogers said that's "balderdash"(I appreciate it when he talks like Daddy Warbucks) and oil will be over $100 in five years.

Forbes on Fox had, as usual, a lot of pointless macro talk. Bring back Random Roger!
The group talked about whether it's time to invest in China. Mentioned were SNDA because of online gaming, which is apparently big in China, and its purchasing of SINA; NTES, and PRU because of insurance, even though it isn't in China yet. Also mentioned was the China ETF FXI.
Chris Russo from "The Apprentice" and Glen Allen Financial recommended ENR and BTU.
And there was, of course, more Martha.
Cashin' In had Charles Payne giving some picks: MXIM, (Wayne Rogers liked it and owns TSRA in this sector), FDX--(break out thru a double top), and ODFL (Wayne and Jonathan Hoenig also mentioned TP, SWFT, KNX, YELL saying trucking is strong, and protected from fuel price increases because of surcharges). Dave Nelson recommended LGF, saying in part its a takeover target.
Still yet MORE Martha!

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