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May 16, 2008  
Bearishness High on Banks, Homebuilders
While the shares of banks and homebuilders have rallied from their lows over the past several weeks, there still appears to be a high level of bearishness towards both groups. As indicted by the chart below, several homebuilder stocks have more than half of their outstanding float out in short positions. The major banks, along with the Financials SPDR, dominate the list of stocks ...
  


QLogic Corp (QLGC)   BUY

Disclaimer:
The StockPicker's Corner is not a solicitation or offer to buy or sell stocks and should not be construed as individualized investment advice. Investment decisions should be made as part of an overall portfolio strategy after consultation with an investment professional.

Our recommendations -- BUY, HOLD, SELL -- and target prices reflect the judgment of an analyst about a company's prospects as an investment in terms of value, growth and risks. We will generally rate a stock a BUY if, in our view, the forecast risk-adjusted return on the stock is greater than the forecast return on the market. Target prices reflect the previous day's closing price of a stock and do not take into account more recent movements in stock prices.

Argus Research Company, founded in 1934, is a leading independent equity research firm. For more information about our views on today's pick, please contact Argus Research at (212) 425-7500, or by email: Click Here.
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Notes
May 15, 2008  Market update :  AMAT, JBHT, LLNW, MCK, NWY, JCP, WMG, XNPT
May 15, 2008  Market watch :  QLGC
May 15, 2008  Market digest :  AAPL, CELL, CAM, CDE, COGT, NWS, LAZ, MXGL
May 15, 2008  Action alerts :  ANR, ARGN, HT, HD, IGT, MRO, NNI, PFE, SHO, TOL, VGR, WMI

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