Tabell’s Market Letter – May 20, 1969

Tabell’s Market Letter – May 20, 1969

Tabell's Market Letter - May 20, 1969
View Text Version (OCR)

Walston &- Co, Inc Members New York Stock Exchange and Other Principal Stock and Commodity Exchange. OVER 100 OFFICES COAST TO COAST AND OVERSEAS F,Le lABELL'S RECOMMENDED LIST May 20, 1969 This edition of our Recommended List gives long-term technical upside objectives, plus indicated support levels or shorter-term downside objectives. In all cases, we believe the stock would be attractive for purchase at the levels given in the support column. QUALITY & LONG-TERM GROWTH Close Qual- Upside Sup- 5/19/69 ity Obj. port Close Qual5/19/69 ity Alum-. Co.Ame-r. 79 3H- B–125190- 7J68-Jolin-s'Man-39'5'jR–'-'-A – Amerada 1183/4 Amer. T & T. 56 7/8 Borden Co. 31 5/8 Boston Edison 40 Caterpillar Tr. 54 1/4 A A A A A 132 -155 112 -108 67-75 52 43-60 28 54-62 37 64-80 43 Kraftco 47 Nevada Pro 46 3/8 Parke Davis 33 1/4 Phillips Pete 72 5/8 Radio Corp.46 1/2 A B B A A- Del Monte Feder.Dept. St. Goodyear Tire Intern'l Paper 29 1/2 37 1/4 32 1/4 45 1/2 A A A A- 50-70 50-62 40 51 28 30 27 39-36 Reynolds Tob. 39 1/2 Royal Dutch 54 5/8 U. S. Gypsum 85 1/2 Winn Dixle 343/8 A A AA Jewel Compo 52 7/8 A Addresso. Multi 77 1/2 A 68 43 90-112 74-68 Superior Oil2271/4 A- PRICE APPRECIATION Upside Obj. 60 ,56 62 44-60 78-86 50-82 54-74 62 102 45-64 255 Support -34 39 38 26 68 42-38 38-34 46 76 32-28 210 Close Qual- Upside Sup- 5/19/69 ity Obj. port Close Qual- Upside Sup- 5/19/69 ity Obj. port Air Products 43 1/2 A- 50-61 41-36 Ingersoll R. 46 3/4 A- 78-100 43 Air Reduction 28 – Arrier.Bakeries-23-17 2 A- 44 24 Koppers Co 45 B 60-66 Be\– –32 40 Amer. Distil. 28 1/2 Amer. Mach. F. 24 Arvin Ind. 32 3/8 Cenco lnstrum. 60 CiJ.ic. Mus. Inst. 26 3/8 Copperweld St. 23 5/8 Dan River Mills 21 7/8 Dart Ind. 49 3/4 Dresser Ind. 35 5/8 First Chart. F. 43 5/8 General Cigar 26 B 47-56 36 Medusa P.C. 53 5/8 A- 58 30 B 37 22-19 Mesabi Tr. 10 3/8 22 10-8 B 50 26 Olin Math. 31 1/4 B 43-50 28 B 72 52 Republic St. 45 1/2 B 62-90 38 B 38 25-22 Reynolds Met. 41 3/4 B- 71 36-34 B 42-58 20 nobt Control. 38 B 104 54 f B 38-46 20 Seaboard C.L. 45 B 55 42 A- 52-78 46-42 Stokely V. C. 28 7/8 B 35-44 26 B 48-57 32 Suburban P.G.39 1/2 A- 52-66 34 60-80 38-34 Union Camp 67 3/4 B 74-92 54 A- 53-72 26-23 Vornado 25 1/2 30-40 20 Gt. North Paper 69 3/4 B 75-108 58 Clark Equip. 39 A- 43-61 35-32 SPECULATlVE PRICE APPRECIATION Close Qual5/19/69 ity Allied Supermkts. 15 3/4 B Amer.Motors 11 B Auto.Data Proc. 82 3/4 Camp. Chic. 9 3/8 Comp.Scieflces 68 3/4 Gibraltar Fin. 37 1/4 Upside SupObj. port 2632 – 14 24-32 10-8 90 74-68 20-26 7 80-85 58 58 30-28 Close 5/19/69 Kysor Ind. -36 3/4 Macke Co. 19 7/8 Mesa Pete. 41 3/8 Pacific Pete. 35 5/8 Penn-Central 56 3/4 Technicolor 23 5/8 Quality B B B B Upside SupObj. port 52 36 25-47 17 60-73 42 51 32 62-104 48 30-50 18 Anthony W. Tabell Walston & CG. Inc. ThiS Hulletln IS TluiJh'lhu\ fOI )OUI (onVI.'TlfH ( .llIeI ,nI, Illlmn ,Ind ',0 not .In oIT. t tn …. ltS from '10UI(''., WL 1luVl' tn \ It-I,!,h, hut v.t' dn not It-. .'Ut,\.\ hnve fl. Intel cst I ur l,ur.. ,Inti It lht, wtUlllIt I'relltd tn h'I''11l 01 ,\ '''\n ,t Itll1 to 1U\ ,\11) l. IIIIIl.s ,IlSI The lnflllm.llion \V.t1.,tnn J,. (; 111(' BlOt,\ .. f1WI'IS dlll','I,,, ' ('mplmt''S mnl WN-916

Download PDF