Despite all the skepticism on Wall Street,...
Despite all the skepticism on Wall Street, the stock market continues to move ahead as interest rates moved down slowly, and a soft landing of the economy appears on target, according to Irving Katz, director of research at Thomas Green/San Diego Securities.
DH Technology recorded a new high, at $12.25, as analysts expect higher earnings to continue. Southwest Bank made reached a new high of $6.875. It meets today to approve its merger with Security Pacific Bank. At the current price of Security Pacific stock, the Southwest Bank shareholders will receive $7.73 worth of Security Pacific stock for each of their shares.
Price Co., which disappointed analysts with its third-quarter earnings, was the major mover of the week, regaining $2.50 and proving that one quarter does not a year make.
Rohr gained $1.25 as it announced a joint venture with Hercules Corp. to research and develop composite materials to withstand ultra-high temperatures in aerospace components .
Beeba’s Creations came through with its previously forecasted earnings of 35 cents for the quarter and gained $.125. TCS Enterprises, which was recently listed on the American Stock Exchange, closed at $4.625 on only 700 shares changing hands last week.
Syntro was dropped from the list of local stocks, as it moved its headquarters to Kansas City on June 30.
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