 Providing Independent "Buy Side" Research
|
|
| Providing Independent "Buy Side" Research
|
|
NASDAQ 100 Index (NDX)
 Dow Jones Industrial Average |
S&P 500 Index |
The Sterling Home Page |
Current Sterling Commentary | Past NDX Opinions |
| Today's Comments (June 1, 2003): The NASDAQ 100 Index closed Friday @ 1,197.89 up 16.07 points. The NASDAQ 100 (NDX) resumed its move higher after the Memorial Day weekend concluded. The chart of the NDX continues to look very solid. Many of the companies that comprise the NDX have seen a growth in their earnings that have allowed their P/E ratios to return to realistic level or they are in the process of solving the problems that have plagued them over the course of the last couple of years. I am expecting the NDX to continue to move higher and test 1,325.80 on a closing basis. Current Opinion: Closed @ 1,197.89 Current Expectations: Called higher with the close on May 27th @ 1,172.58. The NDX should move higher and test 1,325.80 on a closing basis. |
| The Triple Q's (QQQ): The Triple Q's are an exchange traded fund (ETF) that is identical in composition to the NASDAQ 100 Index. This makes the QQQ an excellent way to buy and sell the NASDAQ 100 index. |
| Description of the NASDAQ 100: The NASDAQ 100 is a capitalization weighted index designed to reflect the performance of the 100 largest NASDAQ companies. The problem with this index is that there is a massive disparity between the market capitalization of the largest NASDAQ Company (Microsoft) and the company ranked 100th in market capitalization. As a result of this I do not believe this index accurate reflects the performance of the top 100 companies in the NASDAQ. |
|
email: enelson@sterlinginvestments.com
Copyright 1992-2003 Sterling Investment Services, Inc. P.O. Box 191767, Atlanta, GA. 31119-1767 Fax 404-816-8830 404-816-8240 |
