SHREVEPORT, La., March 2, 2006 (PRIMEZONE) -- StockPickReport.Com (IARD #119079), rates Lucent (NYSE:LU), AT&T (NYSE:T), Bank of America (NYSE:BAC), and Bristol-Myers (NYSE:BMY) from StockPickReport
Earlier this week, we said we would not put "50 cents" into a dow-component stock. Our belief is actually more broad-based than that, though. NYSE stocks - as a whole - are extremely overbought. On a short-term basis, LU and T are both candidates for short-sellers to profit from.
On the other hand, BAC and BMY could buck the overall trend. We've rated them both as "buy" because the technical factors underneath their stock value point to upside.
If we had to choose between LU, T, BAC, and BMY, we'd pick BMY and BAC over LU and T.
For more on our ratings visit:
Lucent (NYSE:LU) -- SELL
http://www.stockpickreport.com/abrating.php?sym=LU
AT&T (NYSE:T) -- SELL
http://www.stockpickreport.com/abrating.php?sym=T
Bank Of America Corp (NYSE:BAC) -- WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=BAC
Bristol-Myers Squibb Company (NYSE:BMY) -- BUY
http://www.stockpickreport.com/abrating.php?sym=BMY
All commentary written by StockPickReport staff or contracted writers and analysts.
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