THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR THURSDAY FEBRUARY 3RD. 2000

DOW INDUSTRIAL: 11013.44 = +10.24

NASDAQ: 4210.98 = +137.02

S & P 500: 1424.97 = +15.85

MOST ACTIVE STOCKS & SECTORS

The markets sizzled as Internet and Technology stocks rallied. Gainers included:  3Com, Adaptive Broadband, Aeroflex, AgriTope, Alamosa PCS, Amazon.Com, American Xtal Technology, Amgen, Aquis Communications, Aspect Medical Systems, BMC Software, Centra Software, Cisco Systems, CMGI, Compaq, Dell, Deutsche Telecom AG, Disney, DocData NV, Equant NV, Ericsson, E-Toys, E*Trade, Euphonix, Family Dollar Sores, First Team, Gap, Grupo Radio, iLog SA, Industrial Services of America, Intel, Internet Capital, JDS Uniphase, Kenn Cole Productions, London Pacific, Lucent Technologies, Mattel, Martha Steward, MDSI, MetroCall, Microsoft, Nortel Networks, Oracle, Owens & Minor, Paging Network, Paradigm Medical, PharmaPrint, Philip Morris, Qwest Communications, Reebok International, Resmed, Sherwin-Williams, Sun Microsystems, Taiwan Semiconductor, TeleGlobe, Telesoft, Texas Instruments, Thomson Multimedia, Time-Warner, Tyler Corp., Xilinx, and Yahoo!.

MAIN REASONS FOR ACTIVITY

• Internet stocks rallied mostly because of Amazon.Com's announcement that its book selling unit may be out of the red, and the whole unit might be heading to profitability.
• Internet and Technology IPOs were hot.
• Chain store sales grew a stronger-than-anticipated 5.4% in January.
• Mannesmann AG and Vodafone AirTouch PLC are in talks for a friendly merger.
• Reuters, the giant information company, and Equant NV will partner to create the largest secure Internet Network.
• The Governor of Alaska has announced the State's intention to intervene in support of BP Amoco and Atlantic Richfield (ARCO) merger; the FTC blocked the merger on grounds it will allow the combined unit monopoly power in Alaskan oil production and US western states market.
• The National Association of Purchasing Managers (NAPM) reports that its Non-manufacturing index, which measures business activity, was at 52.5%, which means the economy is growing a little slower.
• Factory orders grew a higher-than-anticipated 3.3% in December, the highest growth in about 8 years.
• Jobless claims for last week fell 274,000; the number of claims is fewer than forecasted.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, Alamosa PCS, AlpNet, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centra Software, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Impsat Corp., Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Sage, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Now that the Federal Reserve meeting and the interest rates issue is behind us, watch the markets sizzle, especially the picks below.
• Expect Technology, Internet ISPs, E-Commerce, and Portal sites to perform very well.
• Cable, Telecommunications, and Drugs (especially Biopharmaceutical) stocks will do well.
• Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR WEDNESDAY FEBRUARY 2ND. 2000

DOW INDUSTRIAL: 1103.20 = -37.85

NASDAQ: 4073.80 = +21.82

S & P 500: 1409.10 = -0.17

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed after the Federal Reserve's FOMC meeting. The Dow closed lower, while Internet and Technology stocks rallied the NASDAQ. Gainers included:  3Com, Amazon.Com, AmeriTrade, Amgen, AOL, Atmel Corp., Cendant, CMGI, Cumberland Tech., Datron System, DECS Trust, Disney, EMC Corp., Entercom Communication, Epcos AG, Ericsson, E-Toys, E*Trade, Excite@Home, FutureMedia, Hyseq, IBM, Informix, Intel, JDS Uniphase, Kenn Cole Productions, KVH Industries, Linen 'n' Things, Lucent Technologies, Luxottica, Mattel, Merrill Lynch, Micron Tech, Nortel Networks, Oracle, Pharmacia Upjohn, Qualcomm, Quantum Effects Devices, Qwest Communications, SBC Communications, SpectraSite, Sun Microsystems,  Telaxis Communications, Thomson Multimedia, Time-Warner, Tommy Hilfiger, Turnstone System, Vodafone Airtouch PLC, and Xilinx.

MAIN REASONS FOR ACTIVITY

• Despite the Federal Reserve's rate hikes, Internet and Technology stocks rallied; for more on the rate hikes, click here.
• US New Home Sales rose a stronger-than-anticipated 4.5% in December.
• The Conference Board's US Leading Economic Indicators Index rose 0.4%, inline with expectations.
• DaimlerChrysler reported that its commercial vehicles division saw a revenue growth in 1999 of 15% to over $26 billion, while sales were up 13%.
• Richard Wagoner has been appointed President & CEO of General Motors (GM) effective June 1.
• Time-Warner Q4 earnings exceeded estimates by over 40 cents/share; Schering-Plough, Tommy Hilfiger and Dollar Thrifty Automotive Group earnings also beat estimates.
• Walgreens, the nation's largest drug store chain, reported that sales were up 9.6% in January of this year.
• Kroger Stores, the nation's largest grocery chain, has filed to raise over $1.7 billion on the debt markets.
• British Telecommunications surprised analysts with a 24% drop in profits for Q3; The company blamed the fall on competition and internal restructuring.
• Carnival Cruise Line (CCL) will team up with Star Cruise Line of Malaysia to bid for Norwegian Cruise Line (NCL). Carnival will pay for a 40% Stake in Arrasas Ltd., Star's unit created to acquire Norwegian.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, AlpNet, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Impsat Corp., Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Sage, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Now that the Federal Reserve meeting and the interest rates issue is behind us, watch the markets sizzle, especially the picks below.
• Expect Technology, Internet ISPs, E-Commerce, and Portal sites to perform very well.
• Cable, Telecommunications, and Drugs (especially Biopharmaceutical) stocks will do well.
• Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR TUESDAY FEBRUARY 1ST. 2000

DOW INDUSTRIAL: 11041.05 = +100.52

NASDAQ: 4051.98 = +111.63

S & P 500: 1409.28 = +14.82

MOST ACTIVE STOCKS & SECTORS

The markets rallied for the second straight day as the Federal Reserve's FOMC meeting finishes day one. Gainers included:  Amazon.Com, Amgen, Associates First Capital, Biospecifics, Cendant, Chase Manhattan, Cisco Systems, Citigroup, CMGI, Compaq, Dell, Ericsson, Exodus Communications, GE, General Magic, Genesco, GM, Goodrich Petroleum, Home Depot, Impsat Corp., Informix, Intel, London Pacific, Lucent Technologies, MemberWorks, Microsoft, Newbridge Network, Nokia, Omega Healthcare, Oracle, Panavision, PeopleSoft, Pfizer, Philip Morris, Pillowtex, PixTech, Qualcomm, Quantum Effects Devices, Qwest Communications, Sequenom, Shared Medical Systems, Sun Microsystems, Taiwan Semiconductor, Turnstone System, Vodafone Airtouch PLC, Wal-Mart, and Xilinx.

MAIN REASONS FOR ACTIVITY

• The market seem to have factored in a possible interest rate hike tomorrow.
• Impsat, Quantum Effect Devices, and Sequenom were some of the hottest IPOs today.
• Retail and Technology stocks led the rally.
• Lafarge SA, the French building products group, is buying British Cement group for about $5.4 billion.
• NatWest PLC has rejected the improved offer from Bank of Scotland as being "inadequate".
• Nokia's 1999 profits increased by 57% to over $3 billion.
• The National Association of Purchasing Managers (NAPM) Index of economic activity fell to 56.3 in January, still stronger-than-expected.
• Japan's unemployment rate rose in December, the first rise in six Months.
• European Monetary Union Members reported the aggregate unemployment rate fell to 9.6% in December.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, AlpNet, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Impsat Corp., Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Sage, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• The Federal Reserve will raise rates, but technology, Medical, and non-financial blue chips will gain.
• Expect Technology, Internet ISPs, E-Commerce, and Portal sites to perform very well.
• Cable, Telecommunications, and Drugs (especially Biopharmaceutical) stocks will do well.
• Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR MONDAY JANUARY 31ST. 2000

DOW INDUSTRIAL: 10940.53 = +201.66

NASDAQ: 3940.35 = +53.28

S & P 500: 1394.46 = +34.30

MOST ACTIVE STOCKS & SECTORS

The markets rallied on the eve of the Federal Reserve's FOMC meeting. Gainers included: 3Com, ACMAT Corp., Amazon.Com, Amgen, Applied Materials, AT&T, Audible, Baker Hughes, Bank of America, British Sky Broadcasting, Cascade Corp., Cisco Systems, Citigroup, CMGI, Coca Cola, Dell, Electric Fuel, El Paso Energy, EMC Corp., Enron, Ericsson, ExxonMobil, GE, Global Crossing, Gradco Systems, Grupo Radio, Hathaway Corp., Hershey Foods, Home Depot, IBM, Intel, Intevac, Jason inc, JDS Uniphase, John Hancock Financial, Lucent Technologies, MCI Worldcom, Merck, Micron Tech, Motorola, Netcentives, Novell, Nortel Networks, Oracle, Oregon Steel, OSI Systems, Pfizer, Philip Morris, Qiao Xing, Qualcomm, Qwest Communications, Revlon, SBC Communications, Sprint, Staples, Sun Microsystems, Sycamore Networks, TGC Industries, Tyco International, USA Biomass, US Wats, Waters Corp., and Yahoo.

MAIN REASONS FOR ACTIVITY

• Almost every sector of the market gained today. The major gains were in Technology and Financial issues.
• Amazon.Com is to buy a 5% stake in Audible.
• El Paso Energy is to buy the natural gas units of PG&E.
• U.S. 30-Year bond yields rose 6.49%.
• Texas regulators are supporting SBC Communications in its bid to enter the long distance market in the state.
• AOL is to buy a substantial stake in Netcentives.
• Psion Group, the British palm computer maker, has entered into an agreement with Motorola to co-develop handheld devices.
• UPS and Hershey's  reported earnings above estimate; hershey's earnings were better than was feared.
• Baker Hughes, an energy exploration services company, rallied after its CEO announced he was resigning.
• Markel is paying about $680 million to acquire Terra Nova.
• Bank of Scotland announced it is increasing its offer for NatWest Bank.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, AlpNet, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, TriTel, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• The Federal Reserve will raise rates, but technology, Medical, and non-financial blue chips will gain.
• Expect Technology, Internet ISPs, E-Commerce, and Portal sites to perform very well.
• Cable, Telecommunications, and Drugs (especially BioPharmaceutical) stocks will do well.
• Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR FRIDAY JANUARY 28TH. 2000

  DOW INDUSTRIAL: 10738.87 = -289.15

NASDAQ: 3887.07 = -152.49

S & P 500: 1360.16 = -38.40

MOST ACTIVE STOCKS & SECTORS

The markets lost as new economic data increase interest rates fears. Gainers included: 724 Solutions, Aspect Medical Systems, Bowater, First Data Corp, Guidant, InterWave.Com, Johnson & Johnson, National Semiconductor, Pfizer, and SGL Carbon.

MAIN REASONS FOR ACTIVITY

• The US GDP grew a whopping 5.8% in Q4, while the Employment Cost Index also grew a grater-than-anticipated 1.1% in the same period; this has raised analysts' expectation for a higher interest rate increase.
• Drug stocks performed well, thanks to the president's State of Union speech.
• U.S. 30-Year bond yields grew by a fraction.
• First Data Corp. and Guidant reported earnings above estimate.
• The Euro closed below parity at 0.9769 to the Dollar; the sizzling US economy continues to affect the Euro.
• The Yen gained against the Dollar.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, AlpNet, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, TriTel, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• The markets will be bumpy till the Federal Reserve meets tuesday. We, however, are still bullish on our picks.
• Expect Technology, Internet ISPs, E-Commerce, and Portal sites to perform very well.
• Cable, Telecommunications, Banking, and Drugs (especially BioPharmaceutical) stocks will do well.
• Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR THURSDAY JANUARY 27TH. 2000

DOW INDUSTRIAL: 11028.02 = -4.97

NASDAQ: 4039.48 = -30.43

S & P 500: 1398.56 = -5.53

MOST ACTIVE STOCKS & SECTORS

The markets lost on continuing interest rates fears. Gainers included: Abbot Labs, AOL, Avon, Biogen, Bristol Myers Squibb, Citigroup, Conexant System, Coeur Darlene, Disney, Edison Control, Eli Lilly, Exodus Communications, Extensity, Home Depot, I-Link, Intel, Jmar Tech, John Hancock Financial, Kroger, Lucent Technologies, McDonalds, MCI Worldcom, Merck, Neoware System, Omnicare, Pure World, Rite Aid, Safeway, Techniclon, Telemig Celular Part. S.A., Tyco International, Varian Medical, Visx, Women.Com, and Worldtex.

MAIN REASONS FOR ACTIVITY

• Technology stocks were the major losers as interest rates and earnings fears continue.
• Drug and Insurance stocks faired better.
• MP3.Com and Women.Com reported lower than estimated losses for the previous quarter.
• U.S. 30-Year bond yields dropped by a fraction.
• USG, Maytag, Baxter, Black & Decker, Dow Jones, Dow Chemical, Eli Lilly, Imation, Safeway, Kerr-Mcgee, EMC Corp, General Dynamics, Northrop Grumman, US West, and Ben & Jerry's have all reported previous Quarter's earnings that beat estimates.
• Wrigley, Kellog, and RJ Reynolds met earnings estimates, despite lower revenues.
• Norfolk Southern reported lower than estimated earnings.
• Janus Capital is to invest over $900 million into Healtheon/WebMD, the huge medical transactions company.
• U.S. Durable goods orders rose 4.1% in December, well above expectations.
• U.S. Jobless claims rose 1000 last week.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, AlpNet, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, TriTel, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• The markets will be bumpy till the Federal Reserve meets tuesday. We, however, are still bullish on our picks.
• Expect Technology, Internet ISPs, E-Commerce, and Portal sites to perform very well.
• Cable, Telecommunications, Banking, and Drugs (especially BioPharmaceutical) stocks will do well.
• Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR WEDNESDAY JANUARY 26TH. 2000

DOW INDUSTRIAL: 11032.99 = +3.10

NASDAQ: 4069.91 = -97.50

S & P 500: 1404.09 = -5.94

MOST ACTIVE STOCKS & SECTORS

The Dow rallied as the NASDAQ lost. Gainers included: Amarin, Amerigon, Bank of America, Ballantyne, BioShield, Citigroup, Compuware, Corning, Coyote Network, Ebay, Epicor Software, E*Trade, Evolving Systems, Firstwave Technologies, Fried Bill Rams, Healthgate Data, Home Depot, Imaging Tech., JP Morgan, Kroger, Lucent Technologies, M.A. Hanna, Markel Corp., MedTronic, Newbridge Network, Paging Network, Pfizer, PHC, PixTech, Robert Half International, Salton, Siebel Systems, Starbucks, Superior Telecom, Tellabs, Tyco International, and Wells Fargo.

MAIN REASONS FOR ACTIVITY

• Technology stocks lost; NASDAQ, the technology heavy exchange took major losses.
• Banking stocks rallied.
• Federal Reserve Chair Alan Greenspan's speech didn't indicate which way the FOMC will move on Tuesday.
• Dell Computer issued a Q4 earnings warning; Dell is one of the least PC makers expectated to suffer due to Y2K.
• Ford, Merck, and 3M earnings reports beat estimates.
• Philip Morris reported earnings One cent shy of estimates, but better than previous year's.
• Coca Cola is cutting 6000 jobs (20% of its labor force) globally; Coca Cola will save about $300 million annually due to the cuts.
• Sprint is selling its stake in the GlobalOne Alliance to its European partners for over One billion Dollars; The partners, who own about 10% of Sprint, will vote in favor of the Sprint merger.
• BCE, the large Canadian Telecommunications company, will spinoff its 37% stake in Nortel Networks to BCE shareholders; BCE will still hold 2% of Nortel.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, AlpNet, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, TriTel, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• The markets will be bumpy till the Federal Reserve meets tuesday. We, however, are still bullish on our picks.
• Expect Technology, Internet ISPs, E-Commerce, and Portal sites to perform very well.
• Cable, Telecommunications, Banking, and Drugs (especially BioPharmaceutical) stocks will do well.
• Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

DOW INDUSTRIAL: 11029.89 = +21.72

NASDAQ: 4167.42 = +71.34

S & P 500: 1410.03 = +8.50

MOST ACTIVE STOCKS & SECTORS

The markets rallied in yet another heavy volume day. Gainers included: About.Com, AlpNet, AMD, American Express, Amgen, AT&T, BankAtlanta, Bank of America, Benchmark Electronics, Biogen, Bristol Myers Squibb, Cisco Systems, Citigroup, CompUSA, Dell, Disney, Enzo BioChem, GE, Homebase, Imaging Tech., Informix, Intel, JDS Uniphase, Johnson & Johnson, Laidlaw, Lucent Technologies, MCI Worldcom, MedCom USA, Merrill Lynch, Microsoft, National Semiconductor, Omni Nutrcls., Oracle, Paging Network, Pfizer, P&G, Qualcomm, Regent Communications, Sonus Pharm., Sun Microsystems, Texas Instruments, Tyco International, Vitalcom, Wal-Mart, Waters Corp., Xerox, and Xoma LTD.

MAIN REASONS FOR ACTIVITY

• Technology heavy NASDAQ rallied in another heavy volume trading; the Dow also gained over 20 points; investors are worried a rate hike in February will impact corporate earnings in mid year.
• Financial services, Biotechnology, Drugs, and some Technology stocks rallied.
• US 30 year bond yields ended lower; Oil futures also eased as the extreme Northeastern US weather eases.
• First Call/Thomson Financial, the earnings forecasting and reporting group, reported that of the 218 S&P 500 companies that have reported their earnings, 67% have performed above their earnings estimates-good news for the market.
• The Conference Board reported January Consumer Confidence Index (CCI) at 144.7, the highest level in its 32 year history.
• Existing Home Sales in December dropped a higher-than-anicipated 1.4%.
• Texas Instruments reported Q4 earnings of 51 cents/share, well above expectations.
• Federal Reserve Chair Alan Greenspan's speech to Congress was canceled due to bad weather.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, AlpNet, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, TriTel, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

• We are still bullish on our picks.
• Expect Technology, Internet ISPs, E-Commerce, and Portal sites to perform very well.
• Cable, Telecommunications, Banking, and Drugs (especially BioPharmaceutical) stocks will do well.
• Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

DOW INDUSTRIAL: 11008.17 = -243.54

NASDAQ: 4096.32 = -139.32

S & P 500: 1401.53 = -39.83

MOST ACTIVE STOCKS & SECTORS

The markets closed lower as interest rate hike fears monut. Gainers included: Amazon.Com, Ask Jeeves, Avista Corp., BT Shipping, Cable & Wireless, Cellular Technical, Cityview Energy, Compaq, CompUSA, Ericsson, GeoWorks, Healtheon.Com, Informix, Intel, Intelect Communication, Lexmark International, Lucent Technologies, Oxis International, Paging Network, P&G, PMR Corp., Quintiles, Seagrams Group, Siliconix, Spire Corp., Taiwan Semiconductor, Techniclon, Vertel Corp., and ZDnet

MAIN REASONS FOR ACTIVITY

• Comments from Federal Reserve Governors (and voting members of the FOMC) caused the markets to drop due to inflation fears; the NASDAQ gave back all of last week's gains.
• Federal Reserve Governor Jack Guynn (Atlanta) thinks the bank's rate hikes in 1999 did little to slow the economy.
• Federal Reserve Governor Robert Parry (San Francisco) said the bank has so far only used a "Cautionary approach" in fighting inflation.
• Seagrams Group, the parent of Universal Music Group, the world's largest music company, gained after Time-Warner and EMI Group PLC. announced a joint venture valued at $20 billion that will unseat Universal as the largest.
• US 30 year treasury notes rallied as funds flew out of the stock market; the yield closed higher at a 6.65% gain.
• Healthion WebMD is to merge with Quintiles and create a formidable medical transactions processing force; the deal is valued at $2.5 billion.
• Procter and Gamble (P&G) dropped its plans to acquire drug makers Warner-Lambert and AHP after investors demonstrated their disapproval by selling P&G stocks; shareholders seem to agree with this latest move because the stock had a good rally.
• Amazon.Com has reached an agreement with Drugstore.Com to market Drugstore's products.
• Carlos Slim Helu's Grupo Sanborns (Mexico) will increase its stakes in CompUSA from 14.8% to 51%; this deal is valued at around $330 million.
• Ask Jeeves will provide the search services for DaimlerChrysler's Online customer service website.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Cellular Technical, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, iBasis, Informix, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Neoforma.Com, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, Paging Network, Panja, PFS Web, Portal Software, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, TriTel, Va Linux, Venture Catalyst, Vertel Corp., V One Corp., and Yahoo.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, P&G, Philip Morris, Provident Bank, Pruden