Daily market summary and stock picks

Your Ad Here
 
 
 
 Search Page

Trade Leads

Financial Calculators
 
 Discussion Forums
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---D270--->

MARKET SUMMARY FOR THURSDAY SEPTEMBER 7TH. 2000

DOW INDUSTRIAL: 11259.87  = -50.77

NASDAQ: 4098.35  = +85.01

S & P 500: 1502.51  = +10.26

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed due to a rotation with Technology stocks being hot today. Gainers included: ADC Telecom, Altera, AMD, Applied Materials, Atmel Corp, Boeing Co., Broadvision, Carolina Southern Bank, Cisco Systems, Commerce One, Compaq, Covad Communications Group, Dell, EggHead.Com, eLoyalty, EMC Corp, Ericsson, Global Crossing, HNC Software, IBM, InfoSpace, Intel, IVAX Corp, JDS Uniphase, LanOptics Ltd, Lattice Semiconductor, Medstone International, Micron Tech, Microsoft, Motorola, National Semiconductor, Nextel Communications, Nokia, OpNet Technologies, Optika, Oracle, OTG Software, Palm Computing, Pfizer, Pharmchem, Qualcomm, Read Rite, Retek, StockerYale, Sun Microsystems, Unisys Corp, Venture Catalyst, Wal-Mart, and ZeroPlus.Com.

MAIN REASONS FOR ACTIVITY

  • US Jobless Claims for week ending September 2 dropped to 316,000 - due primarily to the Verizon Communications strikers returning to work. US Continuing Claims edged up for the fourth straight week. The 4 week moving average moved up to 318,000 - above the all-critical 300,000 mark.
  • US Wholesale Trade dropped 0.3% in July, while the June data was revised upward to a 1.1% growth. These data show a slowing economy. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on our take on the coming Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Ivax Corporation reported that a US District Judge denied a stay ruling today that could have stopped IVAX from selling the Generic version of Taxol, Bristol Myers Squibb's hot cancer drug. Ivax gained 5.26%, and Bristol Myers Squibb lost a fraction today too.
  • The Energy Information Agency (EIA) and the American Petroleum Institute (API) released its weekly US Crude Oil reserve figures that sent crude oil futures closing above the $35/barrel mark.
  • Yahoo! lost 4.57% after the Lehman Brothers analyst Holly Becker reiterated her cautious stance. She stated that "..near term results are not at risk". Both Holly Becker and Yahoo! stated that the market is taking the comments made by Yahoo! CEO Tim Koogle out of context. Yahoo! is however, gaining in after hours trading.
  • Covad Communications Group gained after expanding services to Ohio cities of Akron and Cincinnati.
  • CNET News.Com reported that Microsoft is in the process of expanding its online music offering with the acquisition of MongoMusic, an upstart with advanced music search technology. The report stated that Microsoft is paying $65 million for the startup and its search technology. Microsoft gained a fraction.
  • National Semiconductor reported its fiscal Q1 earnings of 76 cents a share, a whopping 11 cents a share better than First Call estimates. National is also forecasting a 6% to 8% fiscal Q2 increase in sales, and 30% above fiscal Q2 1999 sales, especially in non-PC chips. National Semiconductor closed up 6.32%, and helped chip stocks to close higher.
  • The Wall Street Journal reported that AT&T Wireless is interested in acquiring rival Nextel Communications. Nextel gained 5.87%, while AT&T Wireless closed unchanged.
  • IBM and Retek, a major B2B player, have signed a partnership that will allow both companies to jointly market, sell, and service products from Retek's applications to IBM's software and hardware. IBM gained 1.45%, while Retek gained 28.79%.
  • Optika, a software company, gained 48.84% after announcing partnerships with WebMethods and Xerox Corporation.
  • eLoyalty gained 36.36% after announcing that it is helping Ford Motor Company integrate its customers loyalty expertise in Ford's Telematics Support System.
  • Advanced Micro Devices (AMD) has filed with the SEC to sell about $1.5 billion in debt securities when market conditions permit. AMD gained 1 point, or 3.13%.
  • AOL and Time Warner pledged in a filing with the FCC that it will open up its cable systems to internet service providers (ISPs), excluding the set-top boxes. AOL and Time Warner are trying to salvage their merger plans. Both stocks closed lower.
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • The markets will close the week strong. We are still bullish on our picks.
  • STOCKS TO WATCH NEXT MARKET DAY: Biotechnology, Energy, Semiconductor and Online Retailing stocks, especially B2B companies, will dominate Friday. 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).


NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Arena Pharmaceuticals, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Lattice Semiconductor, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., 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, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, 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, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D269--->

MARKET SUMMARY FOR WEDNESDAY SEPTEMBER 6TH. 2000

DOW INDUSTRIAL: 11313.51  = +52.90

NASDAQ: 4013.34  = -129.84

S & P 500: 1492.25  = -14.83

MOST ACTIVE STOCKS & SECTORS



 The markets closed mixed again as analysts issue another caution on semiconductor stocks, thus sending technology-heavy NADSAQ stumbling even further. Gainers included: Amazon, Americredit Corp, Ameritrade Holdings, Associates First Capital, BB&T Corp, Boeing Co., Clear Channel, CIT Group, Citrix Systems, EMusic.Com, eToys, E*Trade Group, Excite@Home, FirstSpartan Financial, GE, Giga Information Group, Gulf Indonesia, Heller Financial, Hershey Foods, Household International, IBM, Industrie Natuzzi S.p.A., IVAX Corp, Jetform Corp, JW Mays, Liquid Audio, Marine Drill, McDermott International, Metris Companies, Mohawk Industries, Noble Drilling, Perle Systems, Pilgrims Pride, Petro Heli N.V., Qualcomm,  Rambus, Rex Stores, Revlon, Santa Fe Financial Corp, Shaw Industries, Solectron, StarMedia Networks, Starmet Corp, Swift Energy, Wal-Mart, and Xerox Corp

MAIN REASONS FOR ACTIVITY

  • Semiconductors (chip) sales in July rose 4.02%, and 50% since July 1999. Strong demand was reported for telecommunications, Digital Signal Processors (DSP), and flash memory chips. PC chip sales is picking up, but slowly. Asia and the Americas (North and South) saw the strongest increase in demand, while European sales were unexpected sluggish.
  • The National Association of Purchasing Managers (NAPM) reported the NAPM Non-manufacturing Index for August at 60.0%, well above the July levels, but below the June levels. New orders rose 2.5% for the month. New export orders rose 3%. The Price index dropped 2.5% for the period to 59%.
  • US productivity for fiscal Q2 was revised upward to 5.7%, with durable goods manufacturing leading. The Unit Labor Cost drop was larger than previously stated. Unit Labor cost dropped 0.4%. All this data suggests that the economy has no inflationary pressures to worry about, and the chip market is still robust enough. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on our take on the coming Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Ivax Corporation reported that a California Judge's ruling today could allow it to start selling the Generic version of Taxol, Bristol Myers Squibb's hot cancer drug. Ivax gained 6 in regular trading and still gaining after hours trading.
  • Hershey foods gained 5.49% after reporting that it expects strong sales in second half of year 2000.
  • Yahoo! CEO Tim Koogle made known at the Robertson Stephens Internet Conference that they are in the process of consolidating to reduce their exposure to dot com advertisement pull back. He added that "..it will take a LITTLE of the upside away in the near term". Yahoo! loss 4.32% in regular trading.
  • Donaldson, Lufkin Jenrette downgraded chip maker Micron Technology to an "Outperform" recommendation. Micron lost 10.99%.
  • Novell, the struggling networking software maker, announced that it will cut 900 jobs, or 16%, of its workforce and take a $50 million charge in fiscal Q4. Novell has seen its earnings drop by as much as 80% due to a bruising competition from Microsoft. Novell lost a fraction.
  • Yahoo! announced a deal today with the Recording Industry Association of America (RIAA) that will allow it to webcast music on it properties.
  • BB&T is acquiring Southeastern US banking rival FirstSpartan financial in a $103.9 million stock swap. BB&T gained 2.09%, while FirstSpartan gained 31.29%.
  • Warner Buffett's Berkshire Hathaway is offering $2 billion for carpet maker Shaw Industries. This lifted Shaw by 53.33% and rival Mohawk Industries by 13.07%. Berkshire closed lower.
  •  YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • We are still holding to our picks! The data reported above should try to avert the panicky herd mentality. The market is swinging too wildly on any news. The market might even over-react to Mr. Koogle's comments that Yahoo! is in trouble, which is not the case.
  • About Internet advertising, read the next bullet point, and should you want more, visit our Quarterly forecasts, or search our previous articles with the keywords: Nielsen, Media Metrix, and Jupiter Communications.
  • STOCKS TO WATCH NEXT MARKET DAY: See below 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).



NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Arena Pharmaceuticals, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., 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, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, 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, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D268--->

MARKET SUMMARY FOR TUESDAY SEPTEMBER 5TH. 2000

DOW INDUSTRIAL: 11260.61  = +21.83

NASDAQ: 4143.18  = -91.15

S & P 500: 1507.08  = -13.69

MOST ACTIVE STOCKS & SECTORS


 The markets closed mixed as Coca Cola's outlook lifts the Dow, while an Intel downgrade sends technology-heavy NADSAQ stumbling. Gainers included: Amazon, American Express, AT&T, BarnesandNoble.Com, Billing Concept, Cendant, Citigroup, Coca Cola, Commerce One, Conseco, Equant N.V.,  Excite@Home, Extended Systems, ExxonMobil, Fisher Scientific International, Ford Motor Co., Friedman Billings & Ramsey, GoTo.Com, Guilford Mills, HomeBase, Home Depot, ICIC Ltd., I-Link Corp, InfoSpace, Intermedia Communications, ITT Education, Ixos Software, JP Morgan, Kaydon Corp, KCS Energy, Loral Space, LSI Logic, MessageMedia, Neomedia Technology, NetNation, Niagara Mohawk Holdings, Philip Morris, Qualcomm, Silicom Ltd., Synthetech, ThermoGenesis, Torch Energy, ToysR'Us, Ventro Corp, Wal-Mart, and Yahoo!

MAIN REASONS FOR ACTIVITY

  • Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on our take on the coming Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • National Grid is paying $3 billion for New York State power utility Niagara Mohawk Holdings. Niagara closed up 13.51%.
  • Takeover rumors in brokerage industry, especially about JP Morgan, pushed some brokerage stocks up.
  • Word is that the Federal Trade Commission (FTC) wants the AOL/Time Warner merger proposal to make numerous changes before it will consider approving it. The FTC is worried that AOL will unfairly dominate the market in areas where Time Warner owns cable systems. AOL and Time Warner were supposed to meet with European Union officials this week so as to persuade them to approve the merger. AOL lost a fraction, while Time Warner lost 3.07%.
  • Worldcom is paying $6 billion ($3 billion in stocks and $3 billion in debt) to acquire Intermedia Communications, parent of leading web hosting company Digex. Global Crossing was previously eyeing the company. Intermedia gained 37.64%, while Worldcom lost 3 3/16.
  • The US Dollar gained against both the Japanese Yen and the Euro. October crude Oil Futures rose 45 cents to close at $33.83/barrel as supply fears continue to mount. Soybean futures were also up due to drought concerns.
  • CNET Networks reported that its $1.6 billion purchase of ZDNet will generate about $580 million in revenues in year 2001. CNET lost 6.84%, while ZDNet lost 6.92%.
  • IBM and AT&T announced a $450 million partnership that will allow IBM to use AT&T's hosting facilities to bring other businesses online. IBM lost 1.82%, while AT&T gained 1.18%.
  • GoTo.Com gained 19.55% after announcing a $50 million deal with AOL that will allow paying clients to rank higher on AOL Properties' searches. GoTo.Com expects a similar deal very soon with Yahoo!, which gained 2.80%. Do you think the selling of rankings on the net's 2 most popular sites will dilute these directories from quality destination sites to just another deep-pocket content hype? Give us your viewpoints here.
  • USB Piper Jaffray downgraded Intel to a "buy" recommendation because of an "unexpected" slowdown in chip demand.
  • Qualcomm gained a fraction on word that the Chinese Government might allow China Unicom, a telecommunications company, to build its CDMA technology as early as 2001. Qualcomm licenses the CDMA technology.
  • Coca Cola gained 3.80% after announcing that it will meet analysts' fiscal Q3 expectations.
  • Internet retailing stocks like Amazon gained aggressively after the Gartner Group, an Internet use research company, reported that it expects Online retailing to double this holiday season to $19.5 billion. 
  •  YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.


PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

  • Today's drop was just a hiccup. An over-reaction due to the Intel and AOL/Time Warner woes. We are still holding to our picks!
  • About Internet advertising, read the next bullet point, and should you want more, visit our Quarterly forecasts, or search our previous articles with the keywords: Nielsen, Media Metrix, and Jupiter Communications.
  • We don't expect Internet companies to suffer from advertisement revenues for some basic reasons: The Internet will play a very important role in the Sydney Olympics. For example, most people will turn to the Internet to get scores and standings on sports their local networks will not cover (mine is Soccer!). This will be the Internet's really FIRST Olympics, and we are actually forecasting a tremendous rise in traffic. Secondly, as we pointed out in our Quarterly forecasts, brick and mortar stores are now raising their online advertisement budgets, and when is the best time to advertise than say the Olympics? or after that, the never ending holidays that stretch from November to December. As such, we are still bullish on our picks, especially Internet Portals, BioPharmaceuticals and Biotechnology. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: See below 
  • Biotechnology/Biopharmaceuticals, B2B, Technology (Software and Networking stocks), Contract Equipment Manufacturers (CEMs), and Online Brokerage stocks are still our premiere picks.
  • Expect the major Internet Portal sites to perform very well.
  • Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).



NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Arena Pharmaceuticals, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Calypte Biomedical, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Redback Networks, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., 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, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, 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, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D267--->

MARKET SUMMARY FOR FRIDAY SEPTEMBER 1ST. 2000

DOW INDUSTRIAL: 11238.78  = +23.68

NASDAQ: 4234.33  = +27.98

S & P 500: 1520.77  = +3.09

MOST ACTIVE STOCKS & SECTORS


 The markets rallied on good economic data. Gainers included: Advanced Power Technology, Apple Computer, Ashanti Goldfields, Atmel Corp, AT&T, AT&T Liberty, Bea Systems, Bid.Com International, British Sky Broadcasting, Broadvision, Chase Manhattan, ChinaDotCom, ComDisco, Commerce One, Deutsche Telekom, Endo Pharmaceuticals, Ericsson, Ford Motor Co., France Telecom, The Gap, Global Crossing, Hewlett Packard, Home Depot, IBM, Infonet Services, Intimate Brands, Iomega, Ion Networks, Jones Apparel, King Pharmaceuticals, KPN N.V., Lamson & Session, Lexmark International, Lucent, Lycos, Madge Networks, Microsoft, Nokia, Nortel Networks, Notify Technology, Oracle, Pfizer, Polymer Group, Satyam Infoway, Southwest Securities, Supergen, Symphonix Devices, Target Corp., Technitrol, Telefonica S.A., Telik, Terra Networks, Texas Instruments, Tyco International, Tycom Ltd., Wallace Computer, Wal-Mart, Wind River Systems, and Worldcom.

MAIN REASONS FOR ACTIVITY

  • The Economic Cyclical Research Institute (ECRI) reported that its Future Inflation Gauge (FIG) for August was 121.1, the lowest levels in 5 months, and the fourth consecutive decline.
  • The US  Unemployment rate edged up from 4.0% to 4.1% in August. Hourly earnings also eased to June levels. The earnings ease came mostly from construction and manufacturing sectors. Job claims rose 105,000 in the period.
  • The National Association of Purchasing Managers (NAPM) reported that its NAPM index dropped to 49.5% in August, the first time the index came below 50% since January 1999. The associate Employment and Production indexes all came in below 50%. The Price Index came at 56.2%, the lowest in a whole year. New Order declined slightly to close at 49.7%. Any close above 50% signify manufacturing growth.
  •  US Construction spending dropped 1.6% in July, the fourth straight month. Public Projects and Retail Building Construction  spending led the decline. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on our take on the coming Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Ford Motor Co. reported that despite the tire recall woes that surrounded its Ford Explorer Series, sales slipped only 3.7% overall in August. Ford Explorer sales dropped 0.8%