THE
"DAILY BREAD" FOR THE MARKET
Daily
Morning Insights on the Market
<---day
Twenty--->
MARKET
SUMMARY FOR MONDAY SEPTEMBER 13TH. 1999
DOW
INDUSTRIAL: 11030.33 = +1.90
NASDAQ: 2844.77 = -42.29
S & P 500: 1344.13 = -7.53
MOST
ACTIVE STOCKS & SECTORS
Technology and Internets had one of their worst
days in over a week. Strong gainers included: Healthsouth,
Philip Morris, EMC Corp., E.I. Dupont, Elf, Hitachi,
Hoover's, Labor Ready, and Micronetics wireless.
MAIN
REASONS FOR ACTIVITY
- A
weaker US Dollar against the Japanese Yen continues
to worry analysts.
- Announced
mergers of Bell Atlantic to Vodafone, or Motorola
to General Instruments didn't impress the market.
- The
continued rise of Oil prices is worrying analysts
about the global recovery.
- Market
was lukewarm in anticipation of tomorrow's economic
data.
PICKS
FOR THE NEXT MARKET DAYNASDAQ:
Technology, Telecommunications, Internets, and software
companies will fair better. Companies like: Amazon.com,
ebay, Red Hat, Microsoft (MSFT), Novell, Apple, Dell,
Oracle, MCI, Corel Corp, Intel, Sun Microsystems,
ubid, Looksmart, E*Trade, Priceline.com, Qualcomm,
and Cisco Systems
NYSE:
Telecommunications, Manufacturing, and Technology
stocks like: GE, Hewlett Packard, Lucent Technologies
(LU), Texas Instruments, Compaq, AT&T, Hasbro,
IBM, E.I. Dupont, EMC, Elf, Pfizer, Merck & co.,
P&G, Phillip Morris, RJ Reynolds, Compaq, Schlumberger,
Exxon, Texaco, and Mobil will do well.
REASONS
BEHIND THE PICKS
- Most
Internets will pick up steam as more data supports
a non-inflationary economy.
- As
oil prices continue to rise, energy related stocks
will also rise.
- Pharmaceuticals,
and Tobacco are good buys, especially in light
of positive economic data.
<---day Nineteen--->
MARKET
SUMMARY FOR FRIDAY SEPTEMBER 10TH. 1999
DOW INDUSTRIAL: 11028.43 = -50.97
NASDAQ: 2887.06 = +35.04
S & P 500: 1351.66 = +4.00
MOST
ACTIVE STOCKS & SECTORS
Technology and Internets performed well. Strong gainers
included: AOL, Compaq, Lucent Technologies, Premark
International, P&G, National Semiconductor, Tandy
Corporation, Tiffany & Co., Amazon.com, Microsoft,
Intel, Yahoo, Cisco Systems, Dell, ebay, Oracle, Viant,
and AppNet Systems.
MAIN
REASONS FOR ACTIVITY
- Although
the Producer Price Index (PPI) rose, the Core
PPI (minus energy inflation) dropped One bases
point, thus calming inflation fears.
- Dollar
appreciated against the Japanese Yen.
- E-commerce
applications software firms like Viant & AppNet
Systems rallied.
- The
continued strength of the Yen against the Dollar
is worrying markets about Japan's recovery.
- Treasury
secretary Summer's support of a strong Dollar
tamed some exports sensitive sectors.
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, Internets, and software
companies will fair better. Companies like: Amazon.com,
ebay, Red Hat, Microsoft (MSFT), Novell, Apple, Dell,
Oracle, MCI, Corel Corp, Intel, Sun Microsystems,
ubid, Looksmart, E*Trade, Viant, Priceline.com, Qualcomm,
Global Crossings, AppNet Systems, and Cisco Systems
NYSE:
Telecommunications, Manufacturing, Investment &
Banking, and Technology stocks like: Citigroup, Morgan
Stanley, JP Morgan, Merrill Lynch, Goldman Sachs,
GE, Hewlett Packard, Lucent Technologies (LU), Texas
Instruments, Compaq, AT&T, Hasbro, IBM, E.I. Dupont,
EMC, Frontier Corp., Pfizer, Merck & co., P&G,
Phillip Morris, RJ Reynolds, Compaq, 3M, Schlumberger,
Exxon, Texaco, Mobil, Bank of America, Bank one, First
Union, and Firstar Bank will do well.
REASONS
BEHIND THE PICKS
- E-commerce
applications software companies will rally, at
least one more time.
- Most
Internets will pick up steam as more data supports
a non-inflationary economy.
- Inflation
fears will subside until, at least, more economic
data is released Tuesday.
- As
oil prices continue to rise, energy related stocks
will also rise.
- Pharmaceuticals,
Tobacco, and Banking are really very good buys.
<---day Eighteen--->
MARKET
SUMMARY FOR THURSDAY SEPTEMBER 9TH. 1999
DOW INDUSTRIAL: 11079.40 = +43.06
NASDAQ: 2852.02 = +43.28
S & P 500: 1347.66 = +3.51
MOST
ACTIVE STOCKS & SECTORS
Energy, Transportation, some Technology and Internets
performed well. Strong gainers included: AOL, AT&T,
IBM, R&B Falcon, Compaq, Micron Technology, Delta
Air, Hewlett Packard, Kyocera, Schlumberger, Cable
& Wireless, Microsoft, Intel, Yahoo, Cisco Systems,
Dell, ebay, MCI Worldcomm, and Nextel.
MAIN
REASONS FOR ACTIVITY
- Japan
reported better-than-expected GDP and personal
spending growth.
- The
rise in oil prices & OPEC's discipline caused
energy related stocks to rally.
- Acquisitions,
Mergers, and cooperation helped tech firms like
Microsoft, Dell, and Cable & Wireless.
- IMF's
positive outlook on Russia's Economy didn't hurt
the market either.
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, Internets, and software
companies will fair better. Companies like: Amazon.com,
ebay, Red Hat, Microsoft (MSFT), Novell, Apple, Dell,
Oracle, MCI, Corel Corp, Intel, Sun Microsystems,
ubid, Looksmart, E*Trade, drkoop.com, Priceline.com,
Qualcomm, Global Crossings, and Cisco Systems
NYSE:
Telecommunications, Manufacturing, Investment &
Banking, and Technology stocks like: Citigroup, Morgan
Stanley, JP Morgan, Merrill Lynch, Goldman Sachs,
GE, Hewlett Packard, Lucent Technologies (LU), Texas
Instruments, Motorola, Compaq, AT&T, Hasbro, Kyocera,
IBM, E.I. Dupont, EMC, Frontier Corp., Schering Plough,
Pfizer, Merck & co., P&G, Phillip Morris,
RJ Reynolds, Compaq, 3M, Schlumberger, Exxon, Texaco,
Mobil, Bank of America, Bank one, First Union, and
Firstar Bank will do well.
REASONS
BEHIND THE PICKS
- M2
Money supply was down, a sign that the inflation
fears might be overstated.
- A
weaker dollar will benefit American exports, especially
for the Manufacturing and Tech. Sectors.
- As
oil prices continue to rise, energy related stocks
will also rise.
- Pharmaceuticals,
Tobacco, some Internets and Investment Banks are
really very good bargains.
<---day Seventeen--->
MARKET
SUMMARY FOR WEDNESDAY SEPTEMBER 8TH. 1999
DOW INDUSTRIAL: 11036.34 = +2.21
NASDAQ: 2808.74 = -28.52
S & P 500: 1344.15 = -6.30
MOST
ACTIVE STOCKS & SECTORS
Market performed poorly. Technology & Telecommunications
mergers & acquisitions were announced, but not
strong enough to overshadow interest rates fears.
Strong gainers included: AOL, Arthrocare, Coca-Cola,
Global Crossings, Frontier Corp., Host Marriot, Nike,
Oracle, Red Hat, Mirage Resorts, Union Pacific, CCor.net,
and Qualcomm.
MAIN
REASONS FOR ACTIVITY
- Feds
Governor Lawrence Meyer's comments ignited interest
rates hike fears.
- The
Bank of England raised its interest rates.
- Market
is Red Hot about Linux Operating systems software
companies.
- Global
Crossing's acquisition of Frontier Corp.
- Global
crossing's alliance with Microsoft and Softbank
for Asia Global Crossing.
- Some
Network and storage system manufacturers did well.
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, Internets, and software
companies will fair better. Companies like: Amazon.com,
ebay, Red Hat, Microsoft (MSFT), Novell, Apple, Dell,
Oracle, MCI, Corel Corp, Intel, Sun Microsystems,
ubid, Looksmart, E*Trade, Priceline.com, Qualcomm,
Global Crossings, and Cisco Systems
NYSE:
Telecommunications, Manufacturing, Investment &
Banking, and Technology stocks like: Citigroup, Morgan
Stanley, JP Morgan, Merrill Lynch, Goldman Sachs,
GE, GM, Ford, Lucent Technologies (LU), Texas Instruments,
Motorola, Compaq, AT&T, IBM, E.I. Dupont, EMC,
Frontier Corp., Schering Plough, Pfizer, Merck &
co., P&G, Phillip Morris, RJ Reynolds, Compaq,
3M, Bank of America, Bank One, Fifth Third Bank, Provident
Bank, Schlumberger and DaimlerChrysler, will do well.
REASONS
BEHIND THE PICKS
- All
parties involved with Asia Global Crossing will
see their stocks rally.
- Market
is still hot for Linux Operating Systems upstarts.
- Storage
system manufacturers like EMC and IBM will pick
due to Dell Computer's acquisition.
- Technolgy,
Telecommunications, and some Internets will do
well as the market picks up.
- Healthcare
(Drugs) related stocks are bargains.
- Investment
Banks and Tobacco Stocks are at the best bargain,
especially after the Florida ruling.
<---day Sixteen---> MARKET
SUMMARY FOR TUESDAY SEPTEMBER 7TH. 1999
DOW INDUSTRIAL: 11034.13 = -44.32
NASDAQ: 2837.26 = -5.85
S & P 500: 1350.45 = -6.79
MOST
ACTIVE STOCKS & SECTORS
Market performed poorly. Entertainment & Technology
(storage firms) faired better due to mergers &
acquisitions. Strong gainers included: Amazon.com,
EMC Corp., Viacom, CBS, V-One Corp, AMD, GE, Lucent
Technologies, IBM, Apple, Oracle, Red Hat, BMCS Software,Sun
Microsystems, ebay, Texas Instruments, Disney, Motorola,
and Qualcomm.
MAIN
REASONS FOR ACTIVITY
- Market
is Red Hot about Linux Operating systems software
companies.
- Proposed
merger of Viacom and CBS propelled most of the
media stocks.
- Some
Network Systems component manufacturers rallied.
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, Internets, and software
companies will fair better. Companies like: Amazon.com,
ebay, Red Hat, Microsoft (MSFT), Novell, Apple, Oracle,
MCI, Corel Corp, Intel, Sun Microsystems, ubid, Looksmart,
E*Trade, Priceline.com, BMCS Software, Qualcomm, Applied
Materials, and Cisco Systems
NYSE:
Telecommunications, Manufacturing, Investment &
Banking, and Technology stocks like: Citigroup, Morgan
Stanley, JP Morgan, Merrill Lynch, Goldman Sachs,
GE, GM, Ford, Lucent Technologies (LU), Texas Instruments,
Motorola, Compaq, AT&T, IBM, E.I. Dupont, Schering
Plough, Pfizer, Merck & co., P&G, Phillip
Morris, RJ Reynolds, Compaq, 3M, Bank of America,
Bank One, Fifth Third Bank, Provident Bank, Schlumberger
and DaimlerChrysler, will do well.
REASONS
BEHIND THE PICKS
- Processing
chip manufacturers will gain due to a positive
forecast for the sector.
- Technology,
Telecommunications, and some Internets will do
well as the market picks up.
- Healthcare
(Drugs) related stocks are bargains.
- Investment
Banks and Tobacco Stocks are at the best bargain,
especially after the Florida ruling.
<---day Fifteen--->
MARKET
SUMMARY FOR FRIDAY SEPTEMBER 3RD. 1999
DOW INDUSTRIAL: 11078.45 = +235.24
NASDAQ: 2843.11 = +108.87
S & P 500: 1357.24 = +38.13
MOST
ACTIVE STOCKS & SECTORS
All sectors performed very well. Strong gainers included:
Amazon.com, MCI, Microsoft, AOL, Citigroup, JP Morgan,
AT&T, Intel, IBM, Cisco systems, Dell, CBS, Bank
One, UAL, Yahoo, Apple, Oracle, and State Street.
MAIN
REASONS FOR ACTIVITY
- Job
market grew lower-than-expected - puts the next
rate hike in doubt - good news for market.
- Wage
increases were lower-than-expected - reducing
inflation fears.
- Investors
snapped up bargains as the rate hike fears subside,
at least for now.
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, Internets, and Manufacturing
will fair better. Companies like: Amazon.com, ebay,
iVillage.com, Microsoft (MSFT), Novell (NOVL), Apple,
Oracle, MCI, Dell, Corel Corp, Intel, Sun Microsystems,
ubid, Looksmart, E*Trade, Priceline.com, PreviewTravel.com,
Applied Materials, and Cisco Systems
NYSE:
Telecommunications, Manufacturing, Investment &
Banking, and Technology stocks like: Citigroup, Morgan
Stanley, JP Morgan, Merrill Lynch, Goldman Sachs,
GE, GM, Ford, Lucent Technologies (LU), Texas Instruments,
Compaq, AT&T, IBM, E.I. Dupont, Schering Plough,
Pfizer, Merck & co., P&G, Phillip Morris,
RJ Reynolds, Compaq, 3M, Bank of America, Bank One,
Fifth Third Bank, Provident Bank, Schlumberger and
DaimlerChrysler, will do well.
REASONS
BEHIND THE PICKS
- Processing
chip manufacturers will gain due to a positive
forecast for the sector.
- Technolgy,
Telecommunications, and some Internets will rebounce.
- Healthcare
(Drugs) related stocks are bargains.
- The
Automotive sector will be rewarded for its stellar
quarterly performance.
- Investment
Banks will gain due to a good outlook on major
corporate bond issuers.
- Tobacco,
and Manufacturing stocks are good bargains.
<---day Fourteen-->
MARKET
SUMMARY FOR THURSDAY SEPTEMBER 2ND. 1999
DOW INDUSTRIAL: 10,843.21 = -94.67
NASDAQ: 2734.24 = -16.56
S & P 500: 1319.11 = -11.96
MOST
ACTIVE STOCKS & SECTORS
All sectors performed poorly. Strong gainers included:
Amazon.com, AOL, Compaq, 3M, Masco, Texas Instruments,
Talbots, Intel, Lonestar Industries, and Applied Materials.
MAIN
REASONS FOR ACTIVITY
- Comments
by Reserve Governor Kelly on possible interest
hike in October.
- M2
Money supply was up, confirming interest rates
hike fears.
- Increased
Labor costs, but low productivity growth was also
a major concern.
- Anticipation
of a robust job market report tomorrow didn't
help the market either.
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, and Manufacturing
will fair better. Companies like: Amazon.com, ebay,
iVillage.com, Microsoft (MSFT), Novell (NOVL), Apple,
Oracle, MCI, Dell, Intel, Sun Microsystems, Applied
Materials, and Cisco Systems
NYSE:
Telecommunications, Manufacturing, Investment, and
Technology stocks like:
<---day Thirteen--->
MARkET
SUMMARY FOR WEDNESDAY SEPTEMBER 1ST. 1999
DOW INDUSTRIAL: 10,937.88 = +108.60
NASDAQ: 2750.80 = +11.45
S & P 500: 1331.07 = +10.66
MOST
ACTIVE STOCKS & SECTORS
Technology and Healthcare (Drugs) sectors performed
well. Strong gainers included: AT&T, Citigroup,
Merck & co., Morgan Stanley, Cisco Systems, IBM,
MCI Worldcomm, Sun Microsystems, Intel, Promus Hotels,
and Applied Materials.
MAIN
REASONS FOR ACTIVITY
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, and Manufacturing
will fair better. Companies like: Microsoft (MSFT),
Novell (NOVL), Apple, Oracle, MCI, Dell, Intel,
Looksmart, Sun Microsystems, Applied Materials,
and Cisco Systems
NYSE:
Telecommunications, Manufacturing, Investment, and
Technology stocks like: Citigroup, Morgan Stanley,
JP Morgan, Merrill Lynch, Goldman Sachs, GE, GM,
Ford, Lucent Technologies (LU), AT&T, IBM, E.I.
Dupont, Schering Plough, Pfizer, Merck & co.,
P&G, Phillip Morris, RJ Reynolds, Promus Hotels
and DaimlerChrysler, will do well.
REASONS
BEHIND THE PICKS
- Technolgy,
Telecommunications, and some Internets are still
good buys.
- Healthcare
(Drugs) related stocks will pick up from today's
rally.
- The
Automotive sector will be rewarded for its stellar
quarterly performance.
- Investment
Banks will gain due to a good outlook on major
corporate bond issuers.
- Some
Healthcare (Drugs), Tobacco, and Manufacturing
stocks are still very good bargains.
<---day Twelve--->
MARKET
SUMMARY FOR TUESDAY AUGUST 31TH. 1999
DOW INDUSTRIAL: 10,829.28 = -84.85
NASDAQ: 2739.35 = +26.66
S & P 500: 1320.41 = -3.61
MOST
ACTIVE STOCKS & SECTORS
Some Technology and Internet sectors performed well.
Strong gainers included: Amazon.com, Apple, Fatbrain.com,
Microsoft, Cisco Systems, IBM, ebay, Dell, Sun Microsystems,
Qualcomm, Micron Tech., Gateway Computer, Dun &
Bradstreet, and Cabletron Systems.
MAIN
REASONS FOR ACTIVITY
- Data
and network related companies announced new
products and acquisitions.
- Purchasing
Managers' report increased interest rates hike
fears.
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, and Manufacturing
will fair better. Companies like: Microsoft (MSFT),
Novell (NOVL), Apple, Amazon.com, Yahoo, MCI,
Dell, Intel, Looksmart, Fatbrain.com, Priceline.com,
Micron Tech., ebay, Previewtravel.com, and Cisco
Systems
NYSE:
Telecommunications, Manufacturing, and Technology
stocks like: Cabletron System, GE, Lucent Technologies
(LU), AT&T, IBM, E.I. Dupont, Gateway Computer,
Pfizer, Allied Signal, P&G, Honeywell, will
do well.
REASONS
BEHIND THE PICKS
- Investors
will view these holdings as safer bets in
times of uncertainty.
- Internet
related stocks will pick up from today's rally.
- Acquisitions
and Mergers will continue to rally Data and
Networks related stocks.
<---day Eleven--->
MARKET
SUMMARY FOR MONDAY AUGUST 30TH. 1999
DOW INDUSTRIAL: 10,914.13 = -176.04
NASDAQ: 2712.69 = -46.21
S & P 500: 1324.02 = -24.25
MOST
ACTIVE STOCKS & SECTORS
All sectors performed poorly. Strong gainers included:
Applix, Corel Corp., Ariel Corp., Network Associate,
Pfizer, and Cabletron Systems.
MAIN
REASONS FOR ACTIVITY
- Data
and network handling companies wre rewarded
for new products developed.
- Linux
related software companies have rallied two
days in a row.
- Market
still reacting to comments of Feds chair Alan
Greenspan.
PICKS
FOR THE NEXT MARKET DAY
NASDAQ:
Technology, Telecommunications, and Manufacturing
will fair better. Companies like: Microsoft
(MSFT), Novell (NOVL), Applix (APLX), Ariel
Corp (ADSP), Yahoo, MCI, Dell, Intel, Corel
Corp (CORL), Priceline.com, Network Associate
(NETA), and Cisco Systems
NYSE:
Banking, Healthcare, Telecommunications, Manufacturing,
and Technology stocks like: Citigroup, JP Morgan,
Caterpillar, Cabletron System, GE, Lucent Technologies
(LU), AT&T, IBM, AOL, E.I. Dupont, Merck
& Co., Pfizer, Allied Signal, P&G, Honeywell,
Wells Fargo, will do well.
REASONS
BEHIND THE PICKS
- Bargains!
Bargains! Bargains!
- Enough
about "Greenspan Effect"! The
market has corrected already!
- Acquisitions
and Mergers rumors will benefit at least
Honeywell and Allied Signal.
- New
Network technology and the "Linux bandwagon"
will still move Networking and software
companies.
"Daily
Bread" brought to you by the Economics
Department,
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