Daily market summary and stock picks

THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR FRIDAY DECEMBER 1ST. 2000

DOW INDUSTRIAL: 10373.54 = -40.95

NASDAQ: 2645.29 = +47.36

S & P 500: 1315.23 = +0.28

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed today as bargain hunters moved funds from blue chip stocks to technology stocks. NASDAQ trading volume was very heavy at over 2.2 billion on a Friday. Gainers included: ADC Telecomm, Advanced Micro Devices, AOL, Applied Micro Circuit, Applied Theory, Aviation Sales, Bea Systems, Broadcom, Centaur Mining, Chase Manhattan, Ciena Corp, Ciphergen Biosciences, Cisco, CMGI, Commerce One, Compaq, Corning, CSK Auto Corp, DaimlerChrysler, Disney, Disney Internet Group, Eircom Plc, EMC Corp, Ensco International, Ericsson, Ford Motor Co., Gateway, GE, Global Crossing, GM, Go2Pharmacy, Ibeam Broadcasting, Jabil Circuits, JDS Uniphase, Juniper Networks, Keithley Instruments, Lucent Technologies, Lycos, Metals USA, Metricom, Microstrategy, Navisite, Network Appliances, Nokia, Oplink Communications, Owens-Illinois, Palm, Quaker Oats, Qualcomm, Robert Half International, Schlumberger, SCI Systems, Scientific Atlanta, Siebel Systems, Solectron, Sun Microsystems, Texas Instruments, TNPC, Transocean Sedco, US Wireless, VDI Multimedia, Veritas Software, WD Internet Group, Webb Interactive, Worldcom, and Xilinx.

MAIN REASONS FOR ACTIVITY

The National Association of Purchasing Managers (NAPM) reported that its NAPM Index, a good measure of manufacturing activity in the nation, dropped to 47.7% in November - any figure above 50% means an expansion. Imports and Prices Paid indices rose above 50%, and New Export Orders, Backlog of Orders, Production, and New Orders indices also rose but below the 50% mark. Supplier Deliveries, Inventories and Employment indices all dropped and were below the 50% mark.
US Construction Spending rose 0.8% in October to $825 billion. Industrial Construction led the increase with 5%, followed by Retail and Warehousing, Multifamily Housing, and Educational construction. All these data continue to point to an economy slowing nicely. Visit our Federal Reserve Monetary Policy Analysis page to read more on this topic. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
SPECIAL ANNOUNCEMENT: Due to family medical problems, we have put our business operations up for sale on Yahoo! Auction (AUCTION NUMBER: 45799189). We are a family run operation that owns this web portal. The UK and Ireland portal will be in beta testing hopefully before the end of November. We also own over 70 other domain names of influential financial services companies we acquired to set up a financial complaint site (it is legal to use these names to set up a complaint site, but not to resell to these companies in hopes of making a profit). To view the domain names, click here. Please pass the word around about this announcement. We will miss you all. We can be contacted by visiting Contact Information page.
US Light Truck sales in November were the weakest in 18 months, thus prompting giants like DaimlerChrysler and Ford Motor to scale back production and lay off workers in their North American operations. GM reported a sales drop of 8.1%, Ford reported a drop of 7.2%, while DaimlerChrysler saw a drop of 5.5%.
US Oil futures dropped $1.77/barrel to close at #32.05/barrel despite Iraq carrying out its threat to stop production. Iraq stopped production yesterday due to pricing disputes with the United Nations. OPEC nations immediately pledged to cover the drop so as to keep prices from rising.
Palm gained 12.44% after Goldman Sachs analyst Vik Mehta stated that the company is on track to achieve its financial goals for the quarter.
Navisite, a web hosting company, gained 35% after internet incubator CMGI said it will speed up its promised $80 million investment in the company. CMGI owns majority shares in Navisite. CMGI gained a fraction.
Webb Interactive, an ecommerce applications developer, gained 50% after announcing that some of its executives will purchase stocks in the company as a show of confidence in the company.
Applied Theory, a web solutions company for major corporations, gained 123.53% after announcing the acquisition of Tabor Interactive, a Denver, Colorado based web developer. Applied Theory also announced that America's Job Bank, the world's largest online employment database, awarded it a $82 million contract to expand its hosting and other services.
Oplink Communications gained 53.17% after Robertson Stephens initiated coverage of the company with a "buy" recommendation. Oplink is also to present at the JP Morgan Optical components and communications IC conference.
Robert Half International, a recruitment and staffing services company, gained a fraction after it was announced that it will replace Associates First Capital on the Standard and Poor 500 Index. Associates is being acquired by Citigroup. Associates was unchanged, while Citigroup lost a fraction.
Pepsico lost 6.61% after renewing acquisition talks with Quaker Oats. Quaker Oats gained 1.94%.
Compaq Computer gained 6.05% after announcing a $1 billion stock repurchase plan. The Wall Street Journal reported that Compaq had a good thanksgiving sales. This lifted other computer makers' stocks.
Jabil Circuits gained 14.80% after CS First Boston upgraded the stock. Other Contract Equipment Manufacturers (CEMs) also gained on good comments from analysts.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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 market's rally will likely be broader on Monday. The uncertainty of the presidential elections still have the potential to thwart the rebound.
Bargain hunting and the end of uncertainty in the presidential elections are the only things that can really turn this market around. Once again we feel the market might be over-reacting about Internet advertising again. We agree with the caution on Amazon, but not necessarily the same on AOL, eBay, and Yahoo!. Visit our Quarterly forecasts for reasons why we are cautious on Amazon. As for AOL, eBay, and Yahoo!, we expect advertising revenues to decrease, but not as significant as everyone is chanting. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE very attractive now. Non-PC chip makers, and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Technology Biotechnology, and Internet Infrastructures stocks are a bargain.
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 Penney, 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.

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MARKET SUMMARY FOR THURSDAY NOVEMBER 30TH. 2000

DOW INDUSTRIAL: 10414.49 = -214.62

NASDAQ: 2597.93 = -109.00

S & P 500: 1314.95 = -26.96

MOST ACTIVE STOCKS & SECTORS

The markets plunged due to earnings warning and economic data that got many investors worried that the economy might be slowing too fast. NASDAQ trading volume was very heavy as it closed at yet another new lows for the year. Gainers included: American Eagle Outfitters, Applied Imaging, AT&T, Archer Daniels Midland, Ariba, Array Pharmaceuticals, Blockbuster, Broadcom, Cable Design, Chell Group Corp, Ciena Corp, Citigroup, Community Health System, Crossroads Systems, Digital Impact, Disney, EMC Corp, Ericsson, Frontier Oil, Genesis Energy, Healthaxis, Healthsouth, Informix, Juniper Networks, Keystone Consolidated, Lanier Worldwide, McData, New Focus, Nokia, Nortel Networks, Novatel Wireless, NTT DoCoMo, Oracle, Palm, Quest Diagnostics, Rhodia, Shopko Stores, Support.Com, Talbots, Talk.Com, Variagenics, Veritas Software, Versata, Walmart, Webex, Wellpoint Health Networks, and Yahoo!

MAIN REASONS FOR ACTIVITY

US Chain Store Sales grew a modest 3.4% in November, 0.4% less than the month before, and the slowest growth since March. Apparel stores were hardest hit, followed by drug stores. Department Stores sales rose 0.9%.
US Initial Jobless Claims for week ending November 25th. grew 19,000 to 358,000, while the previous week's figures were revised to 339,000. The 4-week moving average rose to 343,000.
Dismal.Com reported that its Online Help Wanted Index, a good measure of the white collar job market, dropped to 121.0 - a 2.5 points in week ending November 25th. The index has been in decline since June. The 4-week moving average also dropped.
US Personal Income dropped 0.2% in October, this is lower than expected and the lowest in 8 months. Spending however grew 0.2%, thus forcing the savings rate to a record low 0.8%. The Personal Consumption Expenditure (PCE) deflator dropped to 0.2% from last year's 0.4%.
The Conference Board reported that its Help Wanted Index for October gained one point to 79. This was still below the 80's range we have seen since 1994.
The Chicago Purchasing Managers reported that their Purchasing Managers Index, a good measure of manufacturing activity in the Chicago area, lost 7 points to 41.7 in November. Employment, New Orders, Production, Inventories, Supplier Deliveries all came in lower. All this means the economy is slowing to a soft landing, but not the crash landing the market over-reacted to today. Visit our Federal Reserve Monetary Policy Analysis page to read more on this topic. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
SPECIAL ANNOUNCEMENT: Due to family medical problems, we will be putting our business operations up for sale this Friday on Yahoo! Auction. We are a family run operation that owns this web portal. The UK and Ireland portal will be in beta testing hopefully before the end of November. We also own over 70 other domain names of influential financial services companies we acquired to set up a financial complaint site (it is legal to use these names to set up a complaint site, but not to resell to these companies in hopes of making a profit). To view the domain names, click here. Please pass the word around about this announcement. We will miss you all. We can be contacted by visiting Contact Information page.
Retail Stores were hit hard after holiday seasons data shows that retail sales showed modest gains in the thanksgiving shopping season, despite deep discounts. Discount stores did better.
AT&T gained after it was announced that Japan's wireless behemoth NTT DoCoMo will buy a 16% stake in AT&T wireless for $10 billion.
Altera and Gateway computer lost 7.71% and 35.59% respectively after issuing earnings warnings yesterday. These 2 stocks were behind the spiral drop in technology stocks today.
Juniper Networks and Ericsson have entered into an alliance to provide voice and IP data over Mobile Internet networks. Juniper gained 7.67%, while Ericsson gained 1.11%.
Informix gained 35.63% after reassuring analysts that it is comfortable with analysts' forecasts, and it is bidding its time before starting to repurchase it undervalued stocks.
Wellpoint Health Networks gained 7.28% after wining the bidding battle for Cerulean Companies for $700 million over Trigon Healthcare. Trigon gained 6.20%.
Healthsouth gained 8.25% after Goldman Sachs initiated coverage of the stock with a "market outperform" recommendation.
AFTER CLOSE: The Wall Street Journal reported after close of trading that Pepsico has revived its acquisition talks with Quaker Oats.
AFTER CLOSE: Crossroads Systems reported fiscal Q3 losses that were 3 cents a share less than First Call estimates.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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 likely rebound tomorrow due to bargain hunting. We are also hoping the market will react better to the recent economic data because it is still on the mark for a soft landing.
Bargain hunting and the end of uncertainty in the presidential elections are the only things that can really turn this market around. Once again we feel the market might be over-reacting about Internet advertising again. We agree with the caution on Amazon, but not necessarily the same on AOL, eBay, and Yahoo!. Visit our Quarterly forecasts for reasons why we are cautious on Amazon. As for AOL, eBay, and Yahoo!, we expect advertising revenues to decrease, but not as significant as everyone is chanting. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE very attractive now. Non-PC chip makers, and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Technology Biotechnology, and Internet Infrastructures stocks are a bargain.
Check out our Quarterly forecasts for other picks.

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MARKET SUMMARY FOR WEDNESDAY NOVEMBER 29TH. 2000

DOW INDUSTRIAL: 10629.11 = +121.53

NASDAQ: 2706.93 = -28.05

S & P 500: 1341.92 = +5.83

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow rallied while the NASDAQ closed lower. The market reacted mixed too as the GDP figures show a slowing economy. NASDAQ trading volume was heavy as it closed at another new lows for the year. Gainers included: ADC Telecom, Altera, AOL, Applied Materials, Applied Micro Circuits, Armstrong Worldwide, AT&T, Avaya, Aviation Sales, Avici Systems, BF Goodrich, Boeing Co, Broadcom, Chyron Corp, Cisco, Citigroup, Comcast, Corning, Corvis Corp, CSK Auto Corp, Dave & Busters, Donna Karen, eBenX inc, General Dynamics, Intel, Internet Commerce, Juniper Networks, Lexmark International, LifeCell, Manhattan Associates, MarchFirst, Merck, Micron Tech, National City Bank, Nokia, Northrop Grumman, Oracle, Outback Steakhouse, Pfizer, Philip Morris, PMC-Sierra, Polydex Pharmaceuticals, RF Micro Devices, Sears Roebuck, Snap On, Time Warner, Transwitch, VSE Corp, Walmart, Worldcom, and Yahoo!

MAIN REASONS FOR ACTIVITY

US Gross Domestic Product (GDP) for the second quarter was revised downward to a growth of only 2.4%., the lowest growth in 4 years. Spending on New Construction and Imports were revised upward. Consumer, Exports and Business IT demand was still strong.
For week ending November 24th., the Energy Information Agency (EIA) reported that US crude oil inventories decreased by 100,000 barrels, while the American Petroleum Institute (API) reported an increase of 1.8 million barrels. Reuters' survey of analysts expected an increase of 3 million barrels. Both EIA and API reported increases in distillates at 1.7 million and 1.6 million barrels respectively. Reuters' survey expected an increase of only 100,000 barrels. The recent data is showing an economy slowing to the so-called soft landing the Federal Reserve have been shooting for. Visit our Federal Reserve Monetary Policy Analysis page to read more on this topic. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
SPECIAL ANNOUNCEMENT: Due to family medical problems, we will be putting our business operations up for sale this Friday on Yahoo! Auction. We are a family run operation that owns this web portal. The UK and Ireland portal will be in beta testing hopefully before the end of November. We also own over 70 other domain names of influential financial services companies we acquired to set up a financial complaint site (it is legal to use these names to set up a complaint site, but not to resell to these companies in hopes of making a profit). To view the domain names, click here. Please pass the word around about this announcement. We will miss you all. We can be contacted by visiting Contact Information page.
Comcast announced that it will offer Juno Online high speed access on their cable systems. Comcast gained 1.67%, while Juno lost a fraction.
Chip maker Applied Materials gained 4.57% after unveiling a single-wafer system.
Yahoo! gained 5.66% after introducing a much secure encryption technology for its e-mail delivery service.
Defense stocks rallied as money moved into them from technology stocks.
Sears Roebuck and AOL announced a pact where Sears customers can order and pay for AOL services at Sears stores, and with their sears card. The two companies will in turn jointly set up estores and do cross promotion. AOL gained 6.90%, while Sears gained a fraction.
BF Goodrich gained 8.66% after announcing that it has sold its performance materials unit for $1.4 billion.
AFTER CLOSE: Chip maker Altera, and computer maker Gateway gave warnings that due to slowing sales in Q4, their fiscal Q4 earnings will be lower. Both stocks are losing aggressively in after hours trading.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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 NASDAQ will be under pressure again due to the earnings warning from Altera and Gateway.
Bargain hunting and the end of uncertainty in the presidential elections are the only things that can really turn this market around. Once again we feel the market might be over-reacting about Internet advertising again. We agree with the caution on Amazon, but not necessarily the same on AOL, eBay, and Yahoo!. Visit our Quarterly forecasts for reasons why we are cautious on Amazon. As for AOL, eBay, and Yahoo!, we expect advertising revenues to decrease, but not as significant as everyone is chanting. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE very attractive now. Non-PC chip makers, and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Technology Biotechnology, and Internet Infrastructures stocks are a bargain.
Check out our Quarterly forecasts for other picks.

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MARKET SUMMARY FOR TUESDAY NOVEMBER 28TH. 2000

DOW INDUSTRIAL: 10507.58 = -38.49

NASDAQ: 2734.98 = -145.51

S & P 500: 1336.09 = -12.88

MOST ACTIVE STOCKS & SECTORS

The markets closed lower due to earnings concerns, and the continuing saga of the presidential elections is signaling a lack of direction which generally frightens the markets. Today's economic news didn't help matters either. NASDAQ trading volume was relatively heavy as it closed at its lowest levels in a year. Gainers included: Advanced Fibre Communications, American Express, Ashanti Goldfields, Biosource International, Calpine Corp, Catapult Communications, Chase Manhattan, Citigroup, Coca Cola, Comcast, Dai Ei inc., Dave & Busters, Epix Medical, Ericsson, GE, Home Depot, Homestake Mining, Juno Online, Lithia Motors, Magellan Health, Metro Bancorp, Montana Power, M&T Bank, NetNation Communications, NMT Medical, Orion Power Holdings, Pepsico, Pfizer, Quaker Oats, RehabCare, RightChoice Managed Care, Sagent Technology, SCM Microsystems, Serviceware, SMC Corp, Tioga Technologies, Transaction Systems Architects, and WD Internet Group.

MAIN REASONS FOR ACTIVITY

The Conference Board reported that US Consumer Confidence for November dropped to 133.5, the second drop in a row and the lowest levels in 12 months. Consumer expectations and purchasing plans for the next 6 months all came in lower.
US Orders for Durable Goods dropped an unexpected 5.5% in October, the highest drop in 3 months. Although Industrial Machinery orders rose, Aircraft and Electrical/Electronics related orders all dropped for the period.
Three Federal Reserve Bankers made comments today that can be read at our Federal Reserve Monetary Policy Analysis page. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
SPECIAL ANNOUNCEMENT: Due to family medical problems, we will be putting our business operations up for sale this Friday on Yahoo! Auction. We are a family run operation that owns this web portal. The UK and Ireland portal will be in beta testing hopefully before the end of November. We also own over 70 other domain names of influential financial services companies we acquired to set up a financial complaint site (it is legal to use these names to set up a complaint site, but not to resell to these companies in hopes of making a profit). To view the domain names, click here. Please pass the word around about this announcement. We will miss you all. We can be contacted by visiting Contact Information page.
Quaker Oats gained 4.09% as once again investors become optimistic that the company might be involved in background acquisition talks.
US Crude Oil prices dropped $1.13/barrel to close at $34.25/barrel as a milder winter is expected in Europe and Eastern USA.
PC makers Dell and Compaq were hit after analysts expressed concerns that PC demand is not strong.
Broadcom lost 12.81% after announcing the acquisition of privately held VisionTech Ltd., a supplier of digital video-audio chips, for $841 million.
Internet Consulting company MarchFirst lost 39.29% after it was made known that the stock will be pulled off the S&P MidCap 400 at the close of trading today. After close, the company dropped the bombshell that it is realigning its business strategy and lower its its fiscal Q4 earnings forecast from 7 cents a share gain to losses between 25 cents to 30 cents a share!
Juno Online gained 2.50% after making known that it will announce Wednesday (tomorrow) that it has signed an agreement to offer high speed Internet service on a major Cable company's network. Juno stated that this will not be Time Warner, which already has an "open access" agreement with Juno. Comcast gained on the speculation that it is going to be the cable carrier.
Amazon lost 10.60% after analysts from Banc of America Securities, Dain Rauscher Wessels, and SG Cowen issue caution about the stock. The caution center's around Amazon's Thanksgiving sales performance, and the site problems the Online retailer experienced. Visit our Quarterly forecast page to read our take on online retailers.
AFTER CLOSE: ADC Telecommunications reported fiscal Q4 earnings of 18 cents a share, 1 cent a share better than First Call estimates. Profits rose 94%, while revenues rose 63% to $1.03 billion. ADC lost 6.81% in regular trading.
AFTER CLOSE: Veritas DGC, an oil services company that gained 18.8% in regular trading due to a Dain Rauscher Wessels upgrade to a "strong buy" in anticipation of strong earnings, reported fiscal Q1 earnings of 18 cents a share, 2 cents a share better than First Call estimates. Revenues grew 62% to $111.3 million.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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

Bargain hunting and the end of uncertainty in the presidential elections are the only things that can really turn this market around. Once again we feel the market might be over-reacting about Internet advertising again. We agree with the caution on Amazon, but not necessarily the same on AOL, eBay, and Yahoo!. Visit our Quarterly forecasts for reasons why we are cautious on Amazon. As for AOL, eBay, and Yahoo!, we expect advertising revenues to decrease, but not as significant as everyone is chanting. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE very attractive now. Non-PC chip makers, and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Technology Biotechnology, and Internet Infrastructures stocks are a bargain.
Check out our Quarterly forecasts for other picks.

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MARKET SUMMARY FOR MONDAY NOVEMBER 27TH. 2000

DOW INDUSTRIAL: 10546.07 = +75.84

NASDAQ: 2880.49 = -23.89

S & P 500: 1348.97 = +7.20

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed after an early rally in technology stocks was derailed by earnings concerns. Gainers included: ACTV inc, Alcoa, Alkermers, Altera, Ansoft, AOL, Bristol Myers Squibb, Calpine, Chase Manhattan, Citigroup, Compaq, DaimlerChrysler, Dell, Dyax Corp, EMC Corp, Ericsson, eStamp, eToys, Exodus Communications, Federal Mogul, USG Corp, Gap, GE, Hewlett Packard, Home Depot, i2 Technologies, JC Penney, Manugistics, May Department Stores, Merck, Microsoft, Nokia, Nortel Networks, Objective System Integrator (OSI), Pfizer, Phillip Morris, Qualcomm, Radioshack, Rational Software, Sense Technology, Sony Music, Sun Bancorp, Sun Microsystems, Target Corp, Texas Instruments, Too inc, Value City Department Stores, Veritas Software, and Worldcom.

MAIN REASONS FOR ACTIVITY

US Existing Home Sales dropped 3.9% in October to 4.96 million units. All regions were weak except the South.
The Department of Commerce reported that ecommerce sales for Q3 200 rose 15% to $6.37 billion, and ecommerce as percent of sales rose 0.1% to 0.78%. Visit our Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
Objective System Integrator (OSI) gained 29.63% on news that Agilent Technologies is paying $665 million for the network support firm.
USG Corp gained 29.71% after it was known that super investor Warren Buffet owns about 15% of the building materials company.
Drugs and Tobacco stocks gained after Florida certified Governor George W. Bush as the winner for the state of Florida, and consequently the presidency.
Billionaire Kirk Kerkorian, the third largest shareholder of DaimlerChrysler, is suing the auto maker for $9 billion on claims that it misled investors about the merger and its benefits to shareholders. DaimlerChrysler still gained significantly.
eStamps gained 44.44% after announcing today that it will stop selling online stamps, but get into the eWarehousing and shipping logistics technology business.
Microsoft rallied after it argued before the District of Columbia Court of Appeals that its actions were legal and it has no monopoly powers.
General Electric (GE) gained after announcing a successor to its Chairman and CEO Jack Welch. 44 year old Jeffrey Immelt, an 18 year veteran of GE and head of its fast rising medical systems division, will replace Mr. Welch when he retires in late 2001.
Salomon Smith Barney warned today that Broadcom's shares may not rise as it previously thought. Broadcom lost 16.70%, and took the communications chip sector with it too.
Veritas Software gained 5.08% after announcing that the taking of Seagate Technologies private and the selling of its core businesses will not only reduce the amount of Seagate shares outstanding, but boost 2001 earnings by as much as 7% to 8%. Veritas increased its earnings guidelines from 78 cents a share to 83 or 84 cents a share.
eToys rose 10.34% after reporting that in its fiscal Q2 ended September 30th, sales rose 138% to $50.8 million, while losses rose 82% to $119.5 million.
Yahoo! lost 1.83% after German prosecutors announced they a probing the possible sale of Hitler's autobiography Mein Kampf.
B2B software developers Ariba and Commerce One lost heavily after Wit Soundview analyst David Mahoney downgraded the stocks to "hold" recommendations. Mr. Mahoney expressed that their Internet products demand is weaker than was previously expected.
AFTER CLOSE: Covad Communications Group, which closed lower in regular trading, is rising in after hours trading after announcing that it will cut 13% of its workforce nationwide.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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

Bargain hunting and the end of uncertainty in the presidential elections are the only things that can really turn this market around. Once again we feel the market might be over-reacting about Internet advertising again. We agree with the caution on Amazon, but not necessarily the same on AOL, eBay, and Yahoo!. Visit our Quarterly forecasts for reasons why we are cautious on Amazon. As for AOL, eBay, and Yahoo!, we expect advertising revenues to decrease, but not as significant as everyone is chanting. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE very attractive now. Non-PC chip makers, and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Technology Biotechnology, and Internet Infrastructures stocks are a bargain.
Check out our Quarterly forecasts for other picks.

<---D325--->

MARKET SUMMARY FOR FRIDAY NOVEMBER 24TH. 2000

DOW INDUSTRIAL: 10470.23 = +70.91

NASDAQ: 2904.38 = +149.04

S & P 500: 1341.77 = +19.41

MOST ACTIVE STOCKS & SECTORS

The markets rallied as it traditionally does the day after thanksgiving. Bargain hunting in technology and Internet stocks was one of the driving forces. Most analysts were also optimistic about an end to the presidential election dilemma after the Florida Supreme Court refused to force Miami-Dade county to recount its votes. Trading volume was light on both the NASDAQ and the New York Stock Exchange. Gainers included: Accelerated Networks, Airnet Communications, Alcatel, Amazon, American Superconductor, AOL, Applied Materials, Applied Micro Circuits, Ariba, AT&T, AXA Financial, Bank of America, Bea Systems, Broadcom, Chase Manhattan, Cisco Systems, Citigroup, CMGI, Commerce One, Compaq, Corning, Credit Management, Cytogen, Dell, DeltaThree.Com, Dialog Semiconductor, Disney, eBay, eGain Communications, EMC Corp, Enron, eToys, GE, Global Crossing, Hewlett Packard, Home Depot, IBM, i2 Technologies, Infovista S.A., Inktomi, Intel, Internet Capital Group, Jazztel Plc., JDS Uniphase, JP Morgan, Juniper Networks, LSI Logic, Lucent, Micron Technology, Microsoft, Morgan Stanley Dean Witter, Motorola, MRV.Com, Net2Phone, Nokia, Nortel Networks, Oracle, Packard Biosciences, Palm, Portal Software, PurchasePro, Qualcomm, Sequenom, Sun Microsystems, Veritas Software, Vitria Technology, Western Multiplex, Worldcom, and Yahoo!

MAIN REASONS FOR ACTIVITY

Visit our Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
Enron, the giant energy concern, faced an uphill battle today trying to debunk false rumors that it is about to issue earnings warning - many companies have been hit by these rumors lately. Enron assured analysts that it is very comfortable with their estimates. Enron gained 2.89%.
Net2Phone gained 34.02% after announcing that it will empower Microsoft's next generation MSN Messenger Services' International PC-to-phone service. MSN Messenger has over 18 million users.
Internet Capital Group, a B2B and eCommerce incubator, announced a shareholders rights plan that will trigger in anytime someone tries to buy about 15% of the company. Internet Capital Group gained 34.54%.
Microsoft rallied 2.47% as it gets ready to argue its case before the District of Columbia Court of Appeals Monday.
Quaker Oats closed lower after its acquisition talks with France's Danone Group collapsed.
Yahoo! announced that as of 12 Noon Pacific Time, it was on track to more than double its "Black Friday" - day after thanksgiving - sales and traffic for 1999. Online retailers gained on the news and general optimism with eToys gaining 48.72%, Amazon gained 14.89%, eBay gained 12.36%, Yahoo! gained 7.04%, and AOL gained 4.43%.
Scientific Atlanta, a maker of Cable TV set top boxes and other broadband peripherals, closed down 4.37% after AT&T announced a halt to broadband hardware purchases due to budget worries. AT&T gained 3.34%.
Telecommunications giant Ericsson closed lower after announcing that it will concentrate on grabbing market share in third generation (3G) telecommunications technology. Most other telecommunications stocks gained.
Citigroup gained a fraction after announcing that it will acquire the remaining 9% in Fund Manager Garante. Financial services stocks generally rallied.
PLEASE BE CAREFUL THIS WEEKEND. BUSINESSJEEVES.COM AND THE MARKETS EXPECT YOU BACK SAFELY.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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

Bargain hunting and the end of uncertainty in the presidential elections are the only things that can really turn this market around. Once again we feel the market might be over-reacting about Internet advertising again. We agree with the caution on Amazon, but not necessarily the same on AOL, eBay, and Yahoo!. Visit our Quarterly forecasts for reasons why we are cautious on Amazon. As for AOL, eBay, and Yahoo!, we expect advertising revenues to decrease, but not as significant as everyone is chanting. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE very attractive now. Non-PC chip makers, and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Technology Biotechnology, and Internet Infrastructures stocks are a bargain.
Check out our Quarterly forecasts for other picks.

<---D324--->

MARKET SUMMARY FOR WEDNESDAY NOVEMBER 22ND. 2000

DOW INDUSTRIAL: 10399.32 = -95.18

NASDAQ: 2755.34 = -116.11

S & P 500: 1322.35 = -25.00

MOST ACTIVE STOCKS & SECTORS

The markets closed lower again. Like a broken record, earnings worries and the presidential elections uncertainty are still the culprits. Gainers included: Amazon, BellSouth, Biosite Diagnostics, Bristol Myers Squibb, British Energy Plc., CheckPoint, China Tire, Chiron Corp, Coca Cola, Cross Timbers, eBay, Epoch Pharmaceuticals, Finisar Corp, Garden Fresh, Genesis Energy, Goldcorp, Head N.V., Interdigit Communications, ITT Education, Jilin Chemical, Juniper Networks, Kaiser Aluminum, Lucent, Marex.Com, Micron Technology, Microsoft, Neon Communications, Newmont Mining, Private Media, SBC Communications, Synplicity, and Xerox Corp.

MAIN REASONS FOR ACTIVITY

US Jobless Claims for week ending November 18th. rose 7,000 to 336,000. The 4 week moving average stood at 331,000.
The Energy Information Agency (EIA) and the American Petroleum Institute (API) reported that US Crude Oil inventories for week ending November 18th. rose 6.2 million and 6.4 million barrels respectively. Reuters' survey of analysts expected an increase of 2.3 million barrels. For Distillates, EIA reported a decrease of 300,000 barrels, while the API reported an increase of 65,000 barrels. Reuters' survey expected an increase of 500,000 barrels.
US Semiconductor Book to Bill ratio for October (3 - month moving average) held steady at 1.17. Shipments rose 5% to $2.539 billion, and Bookings also rose 5% to 3.04 billion. Visit our Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
GE lost 4.31% after fighting an uphill battle on false rumors that it is about to issue a Q4 earnings warning. GE made known that it is comfortable with Wall Street estimates.
Bond prices edged up higher as uncertainty forced many investors to seek safer investments.
Yahoo! lost 8.40% after Thomas Weisel downgraded the stock to a "buy" recommendation. Other Internet related stocks also lost heavily due to downgrades triggered by future earnings warning.
Sprint Corp. lost 2.06% after bond rating service Moody's revised its bond rating outlook on the company to negative. Moody's cited increased competition in the sector.
Coca Cola gained gained 7.81% after breaking up acquisition talks with Quaker Oats on the advice of its board. French food giant Danone Group immediately announced its interest in the company. Quaker Oats lost 7.88% despite speculation by most analysts that a bidding war may likely ensure as every food related company eyes its Gatorade brand.
The FCC announced that Disney will have access to the confidential AOL/Time Warner merger papers again. Disney violated its confidentiality agreement before when an unapproved lawyer with the company had access to the confidential information. AOL, Disney, and Time Warner all closed lower.
Tobacco stocks suffered today after the Florida Supreme Court ruling in the presidential election seemed to favor Vice President Al Gore.
The Wall Street Journal reported today that Japan's wireless giant NTT DoCoMo is nearing a major stake in AT&T Wireless Group for about $9 billion. The Journal stated that an announcement could come as early as next week. This will be NTT's first foray in the US. AT&T still lost 1.32%.
Precious Metals stocks rallied as gold closed up 60 cents to $266.70/ounce, the 5th. straight trading day that Gold will close above the $266/ounce mark.
PLEASE BE CAREFUL THIS WEEKEND. BUSINESSJEEVES.COM AND THE MARKETS EXPECT YOU BACK SAFELY.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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

Bargain hunting and the end of uncertainty in the presidential elections are the only things that can really turn this market around. Once again we feel the market might be over-reacting about Internet advertising again. We agree with the caution on Amazon, but not necessarily the same on AOL, eBay, and Yahoo!. Visit our Quarterly forecasts for reasons why we are cautious on Amazon. As for AOL, eBay, and Yahoo!, we expect advertising revenues to decrease, but not as significant as everyone is chanting. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE very attractive now. Non-PC chip makers, and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Technology Biotechnology, and Internet Infrastructures stocks are a bargain.
Check out our Quarterly forecasts for other picks.

<---D323--->

MARKET SUMMARY FOR TUESDAY NOVEMBER 21ST. 2000

DOW INDUSTRIAL: 10494.50 = +31.85

NASDAQ: 2871.45 = -4.19

S & P 500: 1347.35 = +4.73

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow gained, while the NASDAQ closed lower due to pressure from Internet and software stocks. The increasing US trade deficit was also a factor in the market today. Trading volume was average. Gainers included: Agilent Technologies, Applied Materials, Ariba, Bank of America, Boeing & Co, Ciena Corp, Cisco Systems, Coca Cola Enterprises, Corning, Cross Timbers, Deere & Co., Dimon inc, EMC Corp, Energizer, Forest Labs, Fort James Corp, GE, Global Crossing, Health Plan, ICIC Bank Ltd., Innogy Holdings, Intel, ITT Education, JDS Uniphase, Johnson & Johnson, Medtronic Microsoft, National Oilwell, Nokia, Nortel Networks, Palm, Pepsico, Placer Dome, PSINet, Qualcomm, Sequa Corp., Shanghai Petroleum, Sun Microsystems, Swift Energy, Viacom, and Worldcom.

MAIN REASONS FOR ACTIVITY

US Trade Deficit for September came in a record $34.26 billion, about $4 billion more than economists anticipated, and about $5 billion more than the August deficit which was revised to $29.81 billion. US Exports dropped $5 billion, while US Imports rose $3.85 billion. This means while US exporters will see decreasing revenues, Americans still have a strong taste for imported products. Visit our Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
US January Crude Oil prices on the NYME dropped 6 cents to close at $35.16 a barrel.
LSI Logic lost 20.22% after its CFO Douglas Norby, and its Communications Group head John Daane all departed to other companies. Merrill Lynch downgraded the stock.
Lucent Technologies lost 16.12% after warning that it might cut back its fiscal Q4 earnings forecast.
Merrill Lynch analyst Henry Blodget warned about near term advertising revenues Internet heavyweights AOL, Amazon, eBay, and Yahoo! Morgan Stanley Dean Witter analyst Mary Meeker seem to agree by stating that Yahoo! has a 30% chance of missing its earnings estimates in the coming quarters. AOL, Amazon, eBay, and Yahoo! sustained heavy losses. Yahoo! actually lost 14.71% to close at its lowest levels in over 2 years due also to the French court ruling we reported yesterday.
Pepsico gained 3.33% after its board approved a $4 billion stock buyback for the next 3 years.
The US Justice Department approved Georgia Pacific's $7.3 billion acquisition of rival paper products maker Fort James Corp. Fort James gained 3.86%, while Georgia Pacific lost a fraction.
Intel and Broadcom, both high speed communications chip makers, announced that they have settled their trade secrets lawsuits each filed against the other. Intel gained 3.65%, while Broadcom lost 2.98%.
Coca Cola Enterprises gained 12.50% after DB Alex Brown initiated coverage of the soft drink bottling sector.
Deere & Co. gained 8.52% after reporting fiscal Q4 earnings of 30 cents a share, 9 cents lower than First Call estimates, but better than the loss last year. Analysts were especially encouraged about the bullish forecast for the next quarter.
Shareholders of Seagate Technologies and Veritas Software approved the privatization of the leading disk drive maker in exchange for cash and Veritas Software stocks valued at around $20 billion. Both stocks closed lower.
Microsoft gained a fraction after Dresdner Kleinwort Benson initiated coverage with a "buy" recommendation, and European Union regulators plans to merge all investigations pending against the software giant into one.
AFTER CLOSE: Home Depot reported that it expects earnings per share to come in around 23% to 25% higher in fiscal year 2001. Home Depot lost a fraction in regular trading, but gaining in after hours trading.
AFTER CLOSE: Inuit reported fiscal Q1 losses of 10 cents a share, 6 cents a share less losses than First Call estimated. Intuit, the personal and small business financial software developer, lost over 10% in regular trading, and still losing in after hours trading.
AFTER CLOSE: Novell reported fiscal Q4 at break-even, in line with First Call estimates, but well less than last year's 17 cents a share earnings. Revenues dropped 21%. Novell closed lower in regular trading, and still losing in after hours trading.
AFTER CLOSE: CacheFlow reported fiscal Q2 losses of 9 cents a share, 2 cents a share better than First Call estimates. CacheFlow closed lower in regular trading, and still losing in after hours trading.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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 think the losing tone set in after hours trading by software developers might increase tomorrow into other technology and Internet stocks, except if bargain hunters and a resolution on the presidential elections prevail. Blue chip stocks should see gains. Once again we feel the market might be over-reacting about Internet advertising again. We agree with the caution on Amazon, but not necessarily the same on AOL, eBay, and Yahoo!. Visit our Quarterly forecasts for reasons why we are cautious on Amazon. As for AOL, eBay, and Yahoo!, we expect advertising revenues to decrease, but not as significant as everyone is chanting. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE looking very attractive now. Non-PC chip makers, software and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Biotechnology and Biopharmaceutical stocks, Yahoo!, Microsoft, Fiber Optics, Networking, technology, Internet and Financial stocks.
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).

<---D322--->

MARKET SUMMARY FOR MONDAY NOVEMBER 20TH. 2000

DOW INDUSTRIAL: 10462.65 = -167.22

NASDAQ: 2875.64 = -151.55

S & P 500: 1342.61 = -25.11

MOST ACTIVE STOCKS & SECTORS

The markets closed a record low as earnings concern resurfaces in the markets again. Gainers included: AdminStaff, Ag-Chem Equipment, @Plan, Barnes & Noble, Digital Island, Digital Lava, Earthlink, Fortune Financial, Green Mountain, Horizins Financial, IBM, Marimba, McMoran Exploration, Merck & Co., Meridian Gold, Micron Tech, Motorola, Network Appliance, Nortech Systems, Nortel Networks, Old Kent Financial, Pepsico, PMC-Sierra, Rent-Way, Spire Corp, Quaker Oats, SBC Communications, Sylvan Learning, Unibancco, USG Corp, Waste Industries, Wipro Ltd., and WR Grace & Co.

MAIN REASONS FOR ACTIVITY

Visit our Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
Ag-Chem Equipment gained 95.65% after accepting a $247 million acquisition offer from AGCO.
GM lost 7.74% after reporting that it expects US Vehicle Sales to drop about 4% to 7% in November.
EarthLink gained 16.85% after Time Warner agreed to allow it to offer high speed Broadband Internet service on its cable systems as early as the second half of 2001. Time Warner and its future merger partner AOL all lost.
Quaker Oats gained 5.19% after Coca Cola confirmed that it is in talks to acquire the company and its highly sought after Gatorade unit. Coca Cola lost 7.93%.
Oracle and B2B Software developers like Ariba, Commerce One, and PurchasePro had heavy losses after a top Oracle Executive for rival Veritas Software. Veritas also lost 2.61%.
Networking stocks took a beating after Morgan Stanley Dean Witter analyst Christopher Stix downgraded and reduced price targets on Extreme Networks, Juniper Networks, Redback Networks, and Cisco Systems.
Yahoo! lost 4.63% after a French Judge ruled that Behemoth portal block French citizens from auctions involving Nazi paraphernalia. Yahoo! also faces a fine of $13,000 a day if the order is not followed.
Fifth Third Bancorp of Cincinnati made known that it is paying $4.7 billion for Midwestern rival Old Kent Financial. Old Kent gained 34.25%, while Fifth Third lost 3.51%.
AFTER CLOSE: Agilent Technologies reported fiscal Q4 earnings of 66 cents a share, a whopping 13 cents a share better than First Call estimates, and 69% higher than fiscal Q4 1999. Agilent lost 5.88% in regular trading, but gaining in after hours trading.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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

There is no better time for bargain hunting than now! We also expect the spectacular earnings of Agilent to be a boost to technology stocks. Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE looking very attractive now. Non-PC chip makers, software and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Biotechnology and Biopharmaceutical stocks, Yahoo!, Microsoft, Fiber Optics, Networking, technology, Internet and Financial stocks.
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).

<---D321--->

MARKET SUMMARY FOR FRIDAY NOVEMBER 17TH. 2000

DOW INDUSTRIAL: 10629.87 = -26.16

NASDAQ: 3027.19 = -4.69

S & P 500: 1367.72 = -4.60

MOST ACTIVE STOCKS & SECTORS

The markets closed lower again as the presidential elections drag on. The NASDAQ closed lower despite the strong gains from traditional technology stocks. Gainers included: Agilent Technologies, AOL, Array Biopharmaceuticals, Barnes & Noble, Bay View Capital, Broadvision, Ciena Corp, Cisco, Citrix Systems, Controladora, Covance inc., Dell, Diversinet Corp, EMC Corp, Global Crossing, Guest Supply, Hewlett Packard, IBM, Intel, JDS Uniphase, Manor Care, Microsoft, MP3.Com, Nokia, Oil Drilling Corp, Oracle, PacificNet.Com, Qualcomm, RehabCare, Rent-Way, Siebel System, Speedway Motorsports, Sun Microsystems, Sycamore Networks, Talbots, Titan Corp, Tyco International, and WorldPages.Com.

MAIN REASONS FOR ACTIVITY

US Housing Starts for October rose 0.1% to 1.53 million units. All regions saw an increase except the South. Visit our Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC meeting. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
Barnes and Noble gained 20.83% on an upgrade from Merrill Lynch and Salomon Smith Barney after reporting lower than expected losses yesterday.
Philips Electronics NV is paying $1.7 billion to acquire the Healthcare solutions unit of Agilent Technologies. Agilent gained 13.81%.
IPO Today: Array Biopharmaceuticals closed up 25% above its offering price.
Nortel Networks fought an Uphill battle today to disclaim made by an analyst. Banc of America Securities analysts Chris Crespi stated that Nortel is losing market share to competitors, and Worldcom is stockpiling Nortel equipment. Nortel lost as much as 8.9% before recovering to close with a loss of only 1.09%.
Hotel supplies distributor Guest Supply gained 9.33% after making known that it has received an unsolicited acquisition offer from BFMA Holding Corp.
Worldcom lost 1.56% despite the fact that the Department of Justice approved its acquisition of Intermedia.
Intel gained 3.75% after announcing that its long anticipated Pentium 4 will be released Monday.
Compaq lost 1.96% after France Telecom and other 5 major European and Japanese electronics companies sued it for patent violations in MPEG video compression technology.
RehabCare gained 10.90% after filing with the SEC to sell an additional 1.5 million shares.
Talbots gained 9.03% after reporting a 75% increase in fiscal Q3 profits yesterday.
NOTE: Our Q4 Quarterly forecast is out.
TRY THIS NEW SERVICES OUT: Checkout our HOT U.S. Cities and Counties Procurement Bids & Small Business Funding Resources page. If you are new, we now have a WEEKEND NEWS update to keep you properly informed for the next market day.
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

There is no better time for bargain hunting than now! Check out our recommendations below:
REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE looking very attractive now. Non-PC chip makers, software and networking gear companies especially. We are still holding our picks though. Give us your views on this observation here.
STOCKS TO WATCH NEXT MARKET DAY: Biotechnology and Biopharmaceutical stocks, Yahoo!, Microsoft, Fiber Optics, Networking, technology, Internet and Financial stocks.
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).