1. Analysts said Eli Lilly and other drug stocks got hammered as investors dumped shares and rotated into stocks that tend to rise in a strengthening economy. 2. And the combination of higher interest rates and rising energy prices hammered transportation stocks. 3. Banks and technology stocks were also hammered. 4. Behind this rise is a belief by some investors that the stock had been hammered for so long that a turnaround is inevitable. 5. A drop in spending by telephone companies and data-transmission services have recently hammered the stocks of companies like Alcatel that supply equipment to the industry. 6. But many regional and money center bank stocks have been hammered over the last year. 7. But since the stocks did get hammered, it asks why not take advantage of some bargains? 8. But the stock was hammered in February and March after a disappointing earnings report that included failure to close sales on time and a bleak outlook. 9. Corporate profits may fall if the overnight bank lending rate is raised, Greenspan suggested, and that could hammer stocks. 10. For the company, whose stock was hammered in June after the company warned of a revenue shortfall, the news provides investors with reason for renewed confidence. |