In Search For Profits

Monday, December 29, 2003


Standard & Poor's sees superior potential in these stocks

Genzyme Corp (GENZ, $48.11 on 12/29/2003) - Company makes drugs to treat genetic enzyme deficiencies. S&P expects a 30% earnings growth in 2004 with a 12-month target of $70. Target P/E 26.

Millennium Pharmaceuticals Inc (MLNM, $17.95 on 12/29/2003) - Millennium sells Velcade for myeloma treatment and Integrilin for heart disease. S&P's 12-month target is $22.

Black & Decker Corp (BDK, $49.21 on 12/29/2003) - B&D moved production to countries with low labor costs and should benefit from an extended period of strenght in homebuilding. Yields 1.7%. Targeted at $55 in 12 months. Target P/E 11.

D R Horton Inc (DHI, $43.85 on 12/29/2003) - Horton is positioned in favorable markets demographically. S&P 12-month target: $44. Target P/E 9.

Harrah's Entertainment Inc (HET, $49.05 on 12/29/2003) - Harrah's is a very geographically diversified casino company and should stay strong. Stock yields about 2.5% dividend. 12-month target: $50. Target P/E 15.

La Quinta Corp (LQI, $6.42 on 12/29/2003) - La Quinta should benefit from a recovery in the travel industry. 12-month target: $9.

Procter & Gamble Co (PG, $98.24 on 12/29/2003) - The weakening dollar should provide additional strenght to this leading consumer products company. Yields 1.85%. S&P's target is $114 for the next 12 months. Target P/E 19.

Regis Corp (RGS, $39.27 on 12/29/2003) - Regis is a leader in the hair care industry with excellent earnings growth: 19% over the past 5 years. Target: $46. Target P/E 16.

Intel Corp (INTC, $31.36 on 12/29/2003) - Intel should benefit from an obsolete equipment replacement demand plus the increased chip categories demand for industries and consumer markets. Target: $42. Target P/E 30.

Microchip Technology Inc (MCHP, $32.30 on 12/29/2003) - Microchip is leader in the 8-bit microcontroler market and can win additional market share. Target: $42. Target P/E 33.

GENZ $48.11 on 12/29/2003
MLNM $17.95 on 12/29/2003
BDK $49.21 on 12/29/2003
DHI $43.85 on 12/29/2003
HET $49.05 on 12/29/2003
LQI $6.42 on 12/29/2003
PG $98.24 on 12/29/2003
RGS $39.27 on 12/29/2003
INTC $31.36 on 12/29/2003
MCHP $32.30 on 12/29/2003



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