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THE "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---D150--->

MARKET SUMMARY FOR FRIDAY MARCH 17TH. 2000

DOW INDUSTRIAL: 10595.23 = -35.37

NASDAQ: 4798.13 = +80.74

S & P 500: 1464.47  = +6.00

MOST ACTIVE STOCKS & SECTORS

 The Dow gave back some of its spectacular gains from yesterday, while the NASDAQ gained as Technology related stocks staged a comeback. Gainers included:  3Com, American Tower, Amgen, AOL, Applied Materials, AT&T, Avenue A, AVX Corp, Bank of America, Boeing, Caliper Technology, Callaway Golf, Charles Schwab, Chase Manhattan, Chyron, Cisco Systems, Citigroup, Compaq, CSI Systems, Dell, Disney, DXP Enterprises, E*Trade Group, Fairchild Semiconductor, GE, Global Crossing, Goldman Sachs, Hewlett Packard, Home Depot, IBM, Infu-Tech, Intel, Intergrated Information Systems, JDS Uniphase, KLA-Tencor, Komag, Kroger, Lanoptics Ltd, LSI Logic, Lucent Technologies, Marketing Services, Mattel, Micron Tech, Microsoft, National Discount Broker (NDB), Netpliance, NFO Worldwide, Nortel Networks, OSI Systems, Qualcomm, Quantum, Safeguard, Saf T Lok, SBC Communications, Seagate, Southwest Securities, Storage Tech, Sun Microsystems, Tellabs, Teradyne, Time Warner, Universal Access, Vivus inc, Wallace Computer, and Wal-mart.   


MAIN REASONS FOR ACTIVITY

  • Technology related stocks staged a strong comeback today, cooling the blue chip's hot week; Memory chip, disk drive storage, and hardware stocks were strong. Investment banking stocks also closed strong on good comments (see below). 
  • The US Consumer Price Index (CPI), a broader gauge of inflationary pressure on the consumer side of the economy, rose 0.5% in February, analysts were expecting a 0.4% rise; the Core CPI, which excludes volatile sectors like food and energy, rose 0.2% in the same period, in line with analysts' forecasts. All Economists now seem to agree on an interest rate hike come Tuesday next week; for more on Federal Reserve policy, please visit our Federal Reserve Monetary Policy Alert page.
  • US 30-year Treasury notes gained a fraction.
  • The major US Investment banks like Goldman Sachs, Morgan Stanley Dean Witter, and Lehman Brothers are expected to announce record profits for fiscal Q1 ended February.
  • Intel is to introduce its 855Mhz and 866Mhz Pentium III processors on Monday. Analysts are expecting the chips to be scarce like the 1Ghz the company released on March 8th.-thus, don't expect lower prices soon. 
  • CS First Boston raised the price target for Applied Materials.
  • Universal Access, Intergrated Information Systems, and Netpliance debuted their IPOs today, and closed higher; Uproar's closed below its IPO price.
  • Semiconductor related stocks like LSI Logic and Micron Tech were hot.
  • Komag, a disk drive maker, is forecasting a stronger fiscal Q1.
  • IBM announced a technological breakthrough that can drastically increase disk storage capacity at over 100 times the current rate; the technology is not yet ready, but investors were already bullish on the sector.


PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Looksmart, MCI Worldcom, Metrix One, Microsoft, Neoforma.Com, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, 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 market will be bearish on the eve of the Feds meeting; for more on Federal Reserve policy, please visit our Federal Reserve Monetary Policy Alert page.
  • 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).

<---D149--->

MARKET SUMMARY FOR THURSDAY MARCH 16TH. 2000

DOW INDUSTRIAL: 10630.60 = +499.19

NASDAQ: 4717.39 = +134.77

S & P 500: 1458.47  = +66.33
MOST ACTIVE STOCKS & SECTORS

 The markets roared after the Producer Price Index (PPI) all but guarantees a Federal Reserve rate hike; the markets also set three records today as Technology recovered, while the chemical sector were the only losing stocks. Gainers included:  3Com, Airborne Freight, Amazon.com, American Express, Amgen, AMR Corp, Analog Devices, AOL, Applied Materials, Arthur J. Gallagher, Aspen Technology, AT&T, Bank of America, Bristol Myers Squibb, Cendant, Centex Corp, Central Park, Chase Manhattan, Ciena, Cisco, Citigroup, Coca Cola, Comcast, Costco Wholesale, Coulter Pharmacy, Crown Pacific, Dell, GE, Hartford Financial, Home Depot, Intel, IRI International, JDS Uniphase, JP Morgan, Kroger, Lands End, Lucent Technologies, MCI Worldcom, Merck, Microsoft, Neotherapeutics, NextCard, Nova Corp, Oracle, Pfizer, Philip Morris, Procter and Gamble (P&G), PSI Technologies, Qualcomm, SBC Communications, Schering-Plough, Smith Micro Software, State Street, Tele1 Europe, TJX Co, Tremont Corp, US Trust Corp, Wachovia Corp, Wal-mart, Wells Fargo, Western Digital, Williams Sonoma, Xerox, and Xilinx.   


MAIN REASONS FOR ACTIVITY

  • The Markets were hot as the interest rates uncertainty seems to becoming clear (see below). The Dow rose over 499 points-a new record, but still closed lower than its high this year. The NYSE had a trading volume of 1.48 billion-another record, and the S&P 500 gain of over 66 points in a day was the third record; almost all stocks did well. The recent slide of Technology and Biotechnology now seem to be in check, while financial services and Transportation stocks sizzled. 
  • The US Producer Price Index (PPI), a good indicator of inflationary pressure on the industrial side of the economy, rose a full 1% in February, twice what analysts were expecting; the Core PPI, which excludes volatile sectors like food and energy, rose 0.3% in the same period, One bases point (0.1%) above analysts' forecasts. This data almost but guarantees an interest rate hike (the CPI will lock it in tomorrow); for more on Federal Reserve policy, please visit our Federal Reserve Monetary Policy Alert page.
  • US 30-year Treasury notes gained a fraction on news of a possible US Treasury's buyback plans.
  • Bear Stearns made some positive comments about the Pharmaceutical industry today; the sector was red hot.
  • State Street's Q1 profits beat estimates at 74 cents per diluted share.
  • Transportation stocks, especially Airlines, were hot as Saudi Arabia, the largest OPEC oil producer, hinted on the need to increase production; analysts are also feeling that prices are beginning to get lower and stabilize.
  • Housing related stocks gained as released data shows February to be the fastest increase in New homes and Apartments construction in 13 Months.


PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Looksmart, MCI Worldcom, Metrix One, Microsoft, Neoforma.Com, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, 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 CPI report due Friday will detect the tune of the market. We however think a rally is still possible; we still have bargains out there!
  • 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).

<---D148--->

MARKET SUMMARY FOR WEDNESDAY MARCH 15TH. 2000

DOW INDUSTRIAL: 9811.24 = -135.89

NASDAQ: 4706.62 = -200.71

S & P 500: 1359.15  = -24.47
MOST ACTIVE STOCKS & SECTORS

 The Dow and blue chip stocks were the beneficiaries of a full-scale market rotation today. Technology stocks continue to loose heavily, while Biotechnology seem to have stopped the free fall; the Dow had one of its highest gains ever (4th) in heavy trading. Over 1.3 billion shares were traded on the NYSE, its third highest volume. Gainers included:  3Com, AAStrom Biosciences, American Electric Power, American Express, Ames Dept. Stores, Amgen, Apollo Group, Arco, BankNorth Group, BJ's Wholesale Club, BP Amoco, Briggs & Straton, Bristol Myers Squibb, Cardinal Health, Colgate-Palmolive, Comcast, Compaq, Enzo Biochem, Epimmune, Forrester Research, GE, General Mills, Home Depot, HomeStore.Com, Inco, Intel, Jack in the Box, Johnson & Johnson, JP Morgan, Kemet, LHS Group, Litton Industries, Loudeye Technologies, Lucent Technologies, McDonald's, MCI Worldcom, Mead Instruments, Marsh & McLellan, Metris, Microsoft, Oracle, Praxair, Procter and Gamble (P&G), Qualcomm, Smith Micro Software, Sunday Communications, Tellabs, Transcend Service, Tricon Global, UAL, United Technologies, Wal-mart, Wendy's, Whirlpool, and Xerox.   


MAIN REASONS FOR ACTIVITY

  • The sell off on the NASDAQ continued unabated today. Technology and Internet issues were abandoned in droves as investors sought blue chips, as interest rate hikes seem a must. Despite P&G's earnings warning, it gained over 3 points-investors seem to have put that aside as funds flooded into retail, consumer products, Drugs, and financial stocks. 
  • Amgen was upgraded by CS First Boston.
  • Oracle's Q3 earnings beat estimates by 13 cents; Oracle's price target was raised by DLJ Direct, Warbug Dillon Reed, and Salomon Smith Barney.
  • Whirlpool announced that it will meet earnings estimates.
  • Cardinal Health is to buyback about $750 million of its shares.
  • Goldman Sachs upgraded HomeStore.Com and Kemet.
  • JP Morgan upgraded McDonald's, Tricon Global, and Wendy's.
  • Meade Instruments is to supply equipment for Terabeam's Networks. The privately held Terabeam is building a Lightwave based network that will not need regulation.
  • Bear Stearns upgraded Jack in the Box.
  • Enzo Biochem received a patent for its technology that corrects abnormal Genes.
  • AAStrom Biosciences announced the first successful transplant of human stem cells in breast cancer patients. Stem cells are the body's master cells that can be molded into any cell in the body; AAStrom is the dominant player in this promising cell replication business.
  • DLJ Direct upgraded Marsh & McLellan. 
  • Bank of America upgraded Compaq Computers.
  • UAL, the holding parent of United Airlines was upgraded by Paine Webber.
  • E-piphany, the e-commerce software maker, is paying over $3 billion for Octane Software; E-piphany lost today.
  • Atlantic Richfield (Arco) is selling its Alaskan holdings so as to meet the requirements for its merger with BP Amoco. The over $7 billion assets are to be bought by Philips Petroleum.
  • Loudeye Technologies' IPO debut today was strong.
 


PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Looksmart, MCI Worldcom, Metrix One, Microsoft, Neoforma.Com, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, 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

  • Bargains once again. The dumping of very promising Technology, Internets, and Biotechnology stocks lately makes them quite attractive; remember the market's over reaction about blue chip stocks last week after Procter & Gamble's earnings warning? 
  • The CPI and PPI reports are due this coming week. We think the markets will be volatile for the most of the week, as interest rates hike possibilities begin to sink in after the CPI and PPI are released; this market hasn't really reacted to the "Beige Book" report yet.
  • 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).

<---D147--->

MARKET SUMMARY FOR TUESDAY MARCH 14TH. 2000

DOW INDUSTRIAL: 9811.24 = -135.89

NASDAQ: 4706.62 = -200.71

S & P 500: 1359.15  = -24.47
MOST ACTIVE STOCKS & SECTORS

 The markets took a beating today due to political comments and interest rate fears. Gainers included:  AOL, Ariba, AT&T, BroadVision, Burmah Castrol, Compaq, Conexant System, Cordant Technology, Dell, Digitas, ebay, FairMarket, Federated Department Stores, Financial Security, Futurebiotics, Hycor Biomed, IBM, Inktomi, Lucent Technologies, Medamicus, Network Associates, Nortel Networks, Omega Healthcare, Portal Software, Precision Cast, Qwest Communications, Radvision Ltd, Rite Aid, Silicon Graphics, Solectron Corp, SpyGlass, Starwood Hotels, Tellabs, Time Warner, Wal-mart, and WW Grainger.   


MAIN REASONS FOR ACTIVITY

  • The NASDAQ took a tumble after President Bill Clinton and British Prime Minister Tony Blair made it clear their "wish" to see the raw data on Human Gene mapping available to all scientists; Biotechnology companies, who hold and invested heavily in this research, tumbled on the news. Further aggravating the situation, the economic data released today (see below) ignited interest rate hike fears. 
  • US Retail Sales in February grew a higher-than-anticipated 1.1%; excluding Automobile sales, retail sales rose a solid 1.0%, well above the anticipated 0.6%.
  • Cordant Technologies is to be acquired by Alcoa for $2.9 billion.
  • Digital Island is to enter into an online alliance with Fingerhut, a unit of Federated Department Stores.
  • American Express will provide e-payment services for the joint venture of Dell Computers and Ariba.
  • Rumors are that, Yahoo! and ebay are discussing a possible alliance or merger.
  • FairMarket and Radvision were the hot IPOs today.
  • Solectron was upgraded by DLJ Direct.
  • Inktomi was announced an array of deals with wireless related companies today; Inktomi signed deals with AirFlash, Cap Gemini Sogeti, Portal Software, SpyGlass, GWCom, and Hewlett Packard.
  • Nortel Networks is acquiring Xros for $3.25 billion.
  • AT&T is in the process of creating a tracking stock for its wireless system.


PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Looksmart, MCI Worldcom, Metrix One, Microsoft, Neoforma.Com, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, 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

  • Bargains! Bargains! Bargains! Once again, the market is over reacting about political comments. The bargains are in Biotechnology stocks, because the political talk is not feasible in this economy-Biotechs are very cheap now until folks wise up.
  • The CPI and PPI reports are due this coming week. We think the markets will be volatile for the most of the week, as interest rates hike possibilities begin to sink in after the CPI and PPI are released; this market hasn't really reacted to the "Beige Book" report yet.
  • 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 MARCH 13TH. 2000

DOW INDUSTRIAL: 9947.13 = +18.31

NASDAQ: 4907.24 = -141.38

S & P 500: 1383.62  = -11.45
MOST ACTIVE STOCKS & SECTORS

 The markets closed mixed. The NASDAQ dropped due to a global Technology stocks profit taking, and interest rate fears; the Dow gained, especially the blue chips (P&G gained over 3 points). Gainers included:  A B Watley, Anixter International, AOL, Aspect Development, Atmos Energy, Caribiner International, Chyron, Compaq, DataLink, Dell, Digitas, Disc Auto Parts, ebay, Excite@Home, Finet.com, Gatx Corp, GlobalStar, Hemagen Diag., IBM, Infineon Technologies, Inktomi, Intel, JP Morgan, Juno Online, Keithley Instruments, Knight/Trimark, Mattel, Miltope Group, NetLoJix Communications, Novoste, OEA, Omega Healthcare, OneMain.Com, Procter and Gamble, Quigley, Ramtron International, Read Rite, SBC Communications, SCB Comp., Scientific Atlanta, Seagate Technologies, Solectron Corp, Super Tech, Times Mirror, Time Warner, VasoMedical, Vesta Insurance, Western Digital, and Xerox.   


MAIN REASONS FOR ACTIVITY

  • The NASDAQ gave back some of its gains from last week as nervous investors moved funds from Technology to blue chips. As we await the release of more economic reports this week, most investors opted to do some profit taking, thanks to the Nikkei's massive selling of tech stocks. 
  • Aspect Development is to be acquired by i2 Technologies for $9.3 billion.
  • Times Mirror, the publisher of newspapers like the LA Times, is to be acquired by the Chicago Tribune in a deal valued around $8.0 billion.
  • Robertson Stephens brokerage upgraded Dell and Intel; Bank of America also upgraded Dell.
  • Jeffries & Co upgraded Juno Online.
  • Datalink had a spectacular rise after its stock split.
  • Microsoft and Anderson Consulting will team up to offer e-commerce services to large corporations; the partnership will be known as Avanade.
  • Western Digital was upgraded by a major brokerage firm today, and it continues to be one of the high performing computer storage stocks.
  • IBM, Cisco Systems, Palm Computing, Motorola, Intel, Nokia, and Symbian have formed an alliance to deliver web software, content, and services on wireless devices.
  • JP Morgan reported that the first two months of this year have been exceptionally robust for them.
  • OneMain.Com is to offer wireless email in collaboration with Research in Motion.
  • Infoneon Technologies and Digitas were hot on their IPO debut.


PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Looksmart, MCI Worldcom, Metrix One, Microsoft, Neoforma.Com, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, 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 CPI and PPI reports are due this coming week. We think the markets will be volatile for the most of the week, as interest rates hike possibilities begin to sink in after the CPI and PPI are released; this market hasn't really reacted to the "Beige Book" report yet.
  • 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 MARCH 10TH. 2000

DOW INDUSTRIAL: 9928.82 = -81.91

NASDAQ: 5048.62 = +1.76

S & P 500: 1395.07  = -6.62
MOST ACTIVE STOCKS & SECTORS

 The markets closed mixed. The NASDAQ hit its 16th. highest record to close for the weekend; the Dow lost over 81 points due to profit taking, and to some degree, P&G. Gainers included:  Applied Materials, Argosy Casino, British Airways PLC, Cendant, Charles Schwab, Compaq, Dell, Intel, International Paper, JDS Uniphase, LSI Logic, Microsoft, Motorola, OTG Software, Pfizer, Qualcomm, Rambus, Selectica, Tyco International, and Xerox.   


MAIN REASONS FOR ACTIVITY

  • The NASDAQ posted its highest close on record, thanks to Semiconductor and PC stock gains. 
  • Motorola was upgraded by two brokerage houses, including the influential Warburg Reed brokerage.
  • Motorola issued some positive comments about Qualcomm and its products.
  • April Crude closed up higher at $31.75 a barrel, 7 cents higher than yesterday's.
  • Microsoft released its X-Box gaming console; Microsoft decided to use an Intel processor, instead of AMD.
  • Two IPOs debuted today, and did spectacularly: Selectica and OTG Software.
  • British Airways, the largest European Airline, announced a new CEO today.
  • Procter and Gamble (P&G) shareholders have sued the giant consumer products manufacturer for making misleading statements; P&G stocks have been under siege this whole week after issuing an earnings warning.


PICKS FOR THE NEXT MARKET DAY

NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Looksmart, MCI Worldcom, Metrix One, Microsoft, Neoforma.Com, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, 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 CPI and PPI reports are due this coming week. We think the markets will be volatile for the most of the week, as interest rates hike possibilities begin to sink in after the CPI and PPI are released; this market hasn't really reacted to the "Beige Book" report yet.
  • 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 THURSDAY MARCH 9TH. 2000

DOW INDUSTRIAL: 10010.73 = +154.20

NASDAQ: 5046.86 = +149.60

S & P 500: 1401.69  = +34.99
MOST ACTIVE STOCKS & SECTORS

 The markets rallied for the second straight day, and became broader. The NASDAQ hit a new high by closing above the 5000 points mark. Gainers included:  Agilent Technologies, AHP, AMD, AOL, Bristol Myers Squibb, Cable Design, Cendant, CGI Group, Chastain Capital, Cisco Systems, CMGI, Compaq, Corel, CritiCare Systems, Dell, Dot Hill System, Euro Tech, Financial Security Assurance, Hewlett Packard, Intel, Keithley Instruments, Lands End, LSI Logic, Lucent Technologies, Maxtor, MCI Worldcom, Merck, Metris Companies, Microsoft, Micron Tech, Monsanto, Oracle, Orapharma, Pfizer, Pharmacia Upjohn, Priceline.Com, Prime Retail, Qwest Comm, Riverdeep, Safeguard Scient., Schering-Plough, Smith Micro Software, Solectron Corp, Sports Authority, Sun Microsystems, TekGraf, Tellabs, Tyco International, Verisign, Wal-Mart, Western Digital, Xerox, and Yahoo!   


MAIN REASONS FOR ACTIVITY

  • The markets rallied in relatively heavy trading, as the NASDAQ posted its highest close on record. Blue chip stocks were hot, thus pushing the Dow to gain over 154 points; Pharmaceutical, Software, Semiconductor, and Telecommunications stocks had the most gains. 
  • AOL gained after its CEO Steve Case acknowledged that AOL is in talks with AT&T for possible linking agreements; CS First Boston upgraded AOL.
  • Euro Tech announced the plans for an Asian B2B web site.