Published: November 23, 2004
Corker Capital Group's Entertainment Stocks to Watch for Nov. 23, 2004
Corker Capital Group announces the following
stocks to its Stock Market Standouts List: Silver Screen Studios, Inc.
, Apple Computer , Microsoft ,
Sirius Satellite Radiol
CCG expands its coverage of the entertainment industry with coverage of
Silver Screen Studios, Inc. ,
www.silverscreenstudiogroup.com, www.murderbydeception.com. Silver Screen
added new footage to the MBD website including its ability to shoot on a
blue screen stage. We see SSS as a potential market leader in the urban
content creation sector. The SSS TV network is rumored to be imminent. A
network based on internet streaming of content has a broad appeal and if
SSS can secure the content, they will be in a dominate position in their
market segment. We are attractive on Silver Screen Studios.
Apple Computer stock jumped to a four-year high Monday to
close at $61.35 after a major Wall Street firm nearly doubled its price
target on the stock, saying that customer satisfaction with its iPod music
player is creating "wildfire word-of-mouth marketing" for its Mac
computers and other products. In a research note Monday, Piper Jaffray
analyst Gene Munster raised his price target to $100 a share from $52 and
reiterated an "outperform" rating on the shares. We are attractive on
Apple.
Microsoft traded flat on ex-dividend to close at $26.65
on strong volume of 92.4 million shares. We see Microsoft moving rapidly
into the paid search market segment that is estimated to grow to $7.5
billion by 2006. Google and Yahoo have a dominate position, and MSFT
would need either to develop or acquire. We see a possible business
combination of Microsoft and Yahoo in the mid term. We are attractive on
Microsoft.
Sirius Satellite Radio Sirius Satellite Radio Inc., up 61
cents at $5.97 .The company on Friday announced the hiring of former
Viacom executive Mel Karmazin as its new chief executive. With the
addition of Howard Stern's radio program Sirius has the potential to gain
market share. We are attractive on Sirius.
Market Commentary: U.S. stocks ended higher Monday as a steady dollar and
a modest retreat in oil prices sparked some buying, with Apple Computer a
notable gainer, buoyed by two upbeat analyst notes. On the broader market,
advancers outpaced decliners by more than two to one on the New York Stock
Exchange, while there were 18 winners for every 12 losers on the Nasdaq.
Stocks erased early weakness because investors are still convinced the
market has room to rally further before the year is out, according to
Michael Metz, chief investment strategist, at Oppenheimer & Co.
"I think there are a lot of managers who think we're in an up market until
2005 and they want to hop aboard," said Metz. "If you're a money manager,
and the market goes up, you'd better be there or you lose your job."
Nevertheless, the session's gains came on modest volume, notably on the
New York Stock Exchange. Volume was 1.38 billion on the Big Board, and
1.88 billion on the Nasdaq.
Corker Capital Group highlights stocks that are in the news, have traded
high volume, or experienced a change in price in recent sessions. The
aforementioned commentary is not meant to be indicative of a "long term"
view of any of the companies listed.
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reliable. The information contained herein is not guaranteed by CCG to be
accurate, and should not be considered to be all-inclusive. The companies
that are discussed in this opinion have not approved the statements made
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