THE "DAILY BREAD" FOR THE MARKET

DOW INDUSTRIAL: 11,198 = -127.59

NASDAQ: 2774.62 = -30.98

S & P 500: 1362.01 = -19.78

MOST ACTIVE STOCKS & SECTORS

Almost all sectors performed poorly in light trading. Strong gainers included: Intuit, Compaq, and Home depot.

MAIN REASONS FOR ACTIVITY

 

PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Technology, Telecommunications, Internet, and Companies with a high percentage of sells abroad will do well-again. Companies like: Amazon.com, Microsoft (MSFT), Novell (NOVL), ebay, E*Trade, Yahoo, MCI, Dell, Intel, PSINet, Priceline.com, Mortgage.com, and Cisco Systems

NYSE:

Banking, Healthcare, Telecommunications, Manufacturing, and Technology stocks like: Citigroup, JP Morgan, Caterpillar, Disney, GE, Lucent Technologies (LU), AT&T, IBM, AOL, E.I. Dupont, Merck & Co., Pfizer, Compaq, P&G, Bank of America, Wells Fargo, will do well.



REASONS BEHIND THE PICKS

 

• Investors picking up bargains-again-after last week's less-than-spectacular market performance.
• The "Greenspan Effect" will wear off by Monday!
• Mortgages & Corporate Bond issues will bolster the Banking & some internet stocks.
• Fear of Feds rate increase in october will play for the multinationals very well-again.




<---day Nine--->

MARKET SUMMARY FOR THURSDAY AUGUST 26TH. 1999



DOW INDUSTRIAL: 11,198 = -127.59

NASDAQ: 2774.62 = -30.98

S & P 500: 1362.01 = -19.78


MOST ACTIVE STOCKS & SECTORS



Telecommunications, and some Technology and Internet stocks performed very well. Strong gainers included: Cisco systems, AT&T, Bell Atlantic, IBM, Mindspring.com, Priceline.com, NetBank, and Microm Tech.



MAIN REASONS FOR ACTIVITY




• Most active stocks were traditionally safer blue chips.
• Market continues to demonstrate faith in the Internet, but cautiously.






PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Technology, Telecommunications, Internet, and Companies with a high percentage of sells abroad will do well-again. Companies like: Amazon.com, Microsoft (MSFT), Novell (NOVL), ebay, E*Trade, Yahoo, MCI, Dell, Intel, PSINet, Priceline.com, Mortgage.com, Homestore.com, and Cisco Systems

NYSE:

Banking, Healthcare, Telecommunications, Manufacturing, and Technology stocks like: Citigroup, JP Morgan, Caterpillar, Disney, GE, Lucent Technologies (LU), AT&T, IBM, AOL, E.I. Dupont, Merck & Co., Pfizer, Compaq, P&G, Bank of America, Wells Fargo, will do well.



REASONS BEHIND THE PICKS




• Investors not counting on another rate cut for the rest of the year.
• Acquisitions and co-operations will bolster telecommunications and internet stocks.
• Bargain hunting will continue, at least for a few more rallies.
• Mortgages & Corporate Bond issues will bolster the Banking & some internet stocks.
• Feds rate increase will benefit the multinationals by boosting their stock prices.




<---day Eigth--->

MARKET SUMMARY FOR WEDNESDAY AUGUST 25TH. 1999



DOW INDUSTRIAL: 11,326.04 = +42.74

NASDAQ: 2805.60 = +53.23

S & P 500: 1381.79 = +18.29


MOST ACTIVE STOCKS & SECTORS



Telecommunications, Technology and internet sectors performed very well. Strong gainers included: Amazon.com, Citigroup, Dell, Yahoo, MCI Worldcomm, Cisco systems, Mortgage.com, Net2phone, Pfizer, Lucent Technologies, Microsoft, AT&T, Time Warner, Compaq, and Wal-Mart.



MAIN REASONS FOR ACTIVITY




• Internet stocks picking up steam due to favorable market prospects.
• Investors continued snapping up bargain stocks.
• Announced Acquisitions and co-operations.







PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Technology, Telecommunications, Internet, and Companies with a high percentage of sells abroad will do well-again. Companies like: Amazon.com, Microsoft (MSFT), Novell (NOVL), ebay, E*Trade, Yahoo, MCI, Dell, Intel, PSINet, Priceline.com, Mortgage.com, Homestore.com, and Cisco Systems

NYSE:

Banking, Healthcare, Telecommunications, Manufacturing, and Technology stocks like: Citigroup, JP Morgan, Caterpillar, Disney, GE, Lucent Technologies (LU), AT&T, IBM, AOL, E.I. Dupont, Merck & Co., Pfizer, Compaq, P&G, Bank of America, Wells Fargo, will do well.



REASONS BEHIND THE PICKS




• Investors not counting on another rate cut for the rest of the year.
• Acquisitions and co-operations will bolster telecommunications and internet stocks.
• Bargain hunting will continue, at least for a few more rallies.
• Mortgages & Corporate Bond issues will bolster the Banking & some internet stocks.
• Feds rate increase will benefit the multinationals by boosting their stock prices.




<---day seven--->

MARKET SUMMARY FOR TUESDAY AUGUST 24TH. 1999



DOW INDUSTRIAL: 11,283.30 = -16.46

NASDAQ: 2752.37 = +32.80

S & P 500: 1363.50 = +3.28


MOST ACTIVE STOCKS & SECTORS



Manufacturing, Technology and internet sectors performed very well. Strong gainers included: Citigroup, Dell, Yahoo, MCI Worldcomm, P&G, Micron Technology, Microsoft, and Applied Materials.



MAIN REASONS FOR ACTIVITY




• Internet stocks picking up steam after little surprises from the feds.
• Investors continued snapping up bargain stocks, at least on the NASDAQ.
• Technology and Consumer Products manufacturers were deemed promising.







PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Technology, Telecommunications, Internet, and Companies with a high percentage of sells abroad will do well-again. Companies like: Amazon.com, Microsoft (MSFT), Novell (NOVL), ebay, E*Trade, Yahoo, MCI, Dell, Intel, PSINet, and Cisco Systems

NYSE:

Banking, Healthcare, Telecommunications, Manufacturing, and Technology stocks like: Banc One, JP Morgan, Caterpillar, Disney, GE, Lucent Technologies (LU), AT&T, IBM, AOL, E.I. Dupont, Merck & Co., Pfizer, P&G, Bank of America, Wells Fargo, will do well.



REASONS BEHIND THE PICKS




• Investors not counting on another rate cut for the rest of the year.
• Bargain hunting will continue, at least for a few more rallies.
• Corporate Bond issues will bolster the Banking sector.
• Feds rate increase will benefit the multinationals by boosting their stock prices.




<---day six--->

MARKET SUMMARY FOR MONDAY AUGUST 23RD. 1999



DOW INDUSTRIAL: 11,299.76 = +199.15

NASDAQ: 2719.57 = +71.24

S & P 500: 1360.22 = +23.61


MOST ACTIVE STOCKS & SECTORS



Financial, Healthcare, Telecommunications, Technology and internet sectors performed very well. Strong gainers included: JP Morgan, Citigroup, IBM, Dell, Pfizer, Merck & Co., Yahoo, Amazon.com, ebay, Cisco systems, Lucent Technologies, AOL, and United Rentals.



MAIN REASONS FOR ACTIVITY




• Investors continued snapping up bargain stocks.
• Investors seem to have factored in a 25 bases point interest hike already.







PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Technology, Telecommunications, Internet, and Companies with a high percentage of sells abroad will do well-again. Companies like: Microsoft (MSFT), Novell (NOVL), ebay, Yahoo, MCI, Dell, Intel, and Cisco Systems

NYSE:

Banking, Healthcare, Telecommunications, Manufacturing, and Technology stocks like: Banc One, JP Morgan, Caterpillar, GE, Lucent Technologies (LU), AT&T, IBM, AOL, E.I. Dupont, Merck & Co., Pfizer, P&G, Bank of America, Wells Fargo, will do well.



REASONS BEHIND THE PICKS




• Bargain hunting will continue, if the feds don't raise the discount rate too.
• Feds rate increase will benefit the multinationals by boosting their stock prices.




<---day five-->


MARKET SUMMARY FOR FRIDAY AUGUST 20TH. 1999



DOW INDUSTRIAL: 11,100.61 = +136.77

NASDAQ: 2648.33 = +26.90

S & P 500: 1336.61 = +13.02


MOST ACTIVE STOCKS & SECTORS



Healthcare and Mining issues performed well, while telecommunications were hard hit. Strong gainers included: Phelps Dodge, Asarco, Cyprus Amax, Alcoa, Pfizer, Merck & Co., Shering-Plough, and Johnson & Johnson.



MAIN REASONS FOR ACTIVITY




• Market on a nervous wait-till-Tuesday mood, especially due to bond prices increase.
• Major acquisitions were announced in the mining sector.
• Investors picked up bargains in the healthcare sector.







PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Companies with a high percentage of sells abroad will do well Monday. Companies like: Microsoft (MSFT), Novell (NOVL), Intel, and Cisco Systems

NYSE:

Retail, Telecommunications and Technology stocks like: GE, JC Penny (JCP), Lucent Technology (LU), AT&T, MCI Worldcomm, Federated Department Stores (FD), Wal-Mart, and Dayton Hudson.



REASONS BEHIND THE PICKS




• Bargain hunting and attempts to shield holdings will cause Technology sector to rally.
• A correction for the telecommunications sector.




<--day four--->

MARKET SUMMARY FOR THURSDAY AUGUST 19TH. 1999



DOW INDUSTRIAL: 10,963.84 = -27.54

NYSE: 684.29

NASDAQ: 2621.43 = -36.30

S & P 500: 1323.59 = -9.25


MOST ACTIVE STOCKS & SECTORS



Technology, Internet and Banking sectors had major losses. Strong gainers included: Foodlion, Information Management Assoc., Compaq, Netro Corp., Western Digital, Seagram, and Walt Disney.



MAIN REASONS FOR ACTIVITY




• Market was nervous about the feds meeting on Tuesday
• Entertainment companies with better-than-expected earnings gained.
• Acquisitions and mergers were rewarded with rallies.







PICKS FOR THE NEXT MARKET DAY



NASDAQ:

In anticipation of Tuesday's meeting, technology related stocks will end the week on a high note, especially: Amazon.Com (AMZN), ebay(EBAY), Novell (NOVL), Microsoft (MSFT), uBid (EBID), Netro Corp. (NTRO), Wink Comm (WINK), Western Digital (WDC).

NYSE:

Retail and Technology stocks like: GE, JC Penny (JCP), Lucent Technology (LU), America Online (AOL), Federated Department Stores (FD), Quantum Hard Disk Drive (HDD).



REASONS BEHIND THE PICKS




• One more rally after Thursday's profit taking as we approach tuesday.
• Continued rebound of Internet and technology related stocks.
• Retail sector has posted better-than-expected returns.
• The stellar performance of e-tailing unit of Dell and others is favorable to the Retail Sector
• The core technology companies picked will gain due to acquisitions (or rumors of acquisitions).




<---day Three--->

MARKET SUMMARY FOR WEDNESDAY AUGUST 18TH. 1999



DOW INDUSTRIAL: 10,331.38 = -125.70

NYSE: 682.84

NASDAQ: 2657.73 = -13.49

S & P 500: 1332.84 = -11.32


MOST ACTIVE STOCKS & SECTORS



Internet sector rallied, while the Banking sector had major losses. Strong gainers included: AOL, Microsoft, Dell Computers, Amazon.Com.



MAIN REASONS FOR ACTIVITY




• Internet stocks rebounding from the market onslaught.
• Encouraging earnings reports, especially from Internet related businesses like Dell and Lycos.
• Corporate bond issuing wasn't impressive enough for the market to post a two day rally.







PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Internet related stocks, especially: Amazon.Com (AMZN), ebay(EBAY), E*Trade Group, Microsoft (MSFT), uBid (EBID), Dell Computers (DELL), Excel Switching (XLSW).

NYSE:

Retail and Technology stocks like: GE, JC Penny (JCP), Lucent Technology (LU), America Online (AOL), Federated Department Stores (FD).



REASONS BEHIND THE PICKS




• Continued rebound of Internet and technology related stocks.
• Retail sector has posted better-than-expected returns.
• The stellar performance of e-tailing unit of Dell and others is favorable to the Retail Sector
• The core technology companies picked will gain due to acquisitions (or rumors of acquisitions).



<---day Two---->

MARKET SUMMARY FOR TUESDAY AUGUST 17TH. 1999



DOW INDUSTRIAL: 11,117.08 = +70.29

NYSE: 628.71

NASDAQ: 2671.22 = +25.94

S & P 500: 1344.16


MOST ACTIVE STOCKS & SECTORS



Internet and Banking sector rallied. Strong gainers included: E*Trade.com parent, AOL, Microsoft, Cisco Systems, Bank of America, etc.



MAIN REASONS FOR ACTIVITY




• Internet stocks rebounding from the market onslaught.
• Core CPI figures were encouraging
• Better-than-expected Corporate bond issuing







PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Internet related stocks, especially: Amazon.Com (AMZN), ebay(EBAY), E*Trade Group, Microsoft (MSFT), Cisco Systems (CSCO), Dell Computers (DELL), and Applied Materials (AMAT).

NYSE:

Banking and retail stocks like: Bank of America (BAC), JC Penny (JCP), JP Morgan (JPM), and America Online (AOL).



REASONS BEHIND THE PICKS




• Continued rebound of Internet and technology related stocks.
• Banking sector will gain due to improved debt market-again
• Favorable earnings report





<--day one L.K.S.---> MARKET SUMMARY FOR MONDAY AUGUST 16TH. 1999



DOW INDUSTRIAL: 11,046.79

NYSE: 622.89

NASDAQ: 2645.28

S & P 500: 1330.77


MOST ACTIVE STOCKS & SECTORS



Internet and technology related sector rallied to a stellar performance. Strong gainers included: ebay.com, Audible inc., Ask Jeeves inc., Amazon.Com, Dell Computers, Homestore.Com, Oracle, Hewlett Packard, and Cisco Systems.



MAIN REASONS FOR ACTIVITY




• Internet stocks rebounding from the market onslaught.
• Technology related companies like Hewlett Packard posting better-than-anticipated earnings.







PICKS FOR THE NEXT MARKET DAY



NASDAQ:

Internet related stocks, especially: Ask Jeeves(ASKJ), RealNetworks(RNWK), Audible(ADBL), ebay(EBAY), Microsoft (MSFT).

NYSE:

Technology related stocks like: Hewlett Packard (HWP), IBM, AT&T.



REASONS BEHIND THE PICKS




• Continued rebound of Internet related stocks.
• Positive economic data, at least for the Technology sector.







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