THE
"DAILY BREAD" FOR THE MARKET
Daily
Morning Insights on the Market
<---D380--->
MARKET
SUMMARY FOR WEDNESDAY FEBRUARY 14TH. 2001
DOW INDUSTRIAL: 10795.41 = -107.91
NASDAQ: 2491.40 = +63.68
S & P 500: 1315.78 = -3.02
MOST
ACTIVE STOCKS & SECTORS
The markets closed mixed today with technology
stocks staging a comeback that gained back all
losses yesterday, and then some. The Dow however,
increased its losses as a major blue chip stock
issues an earnings warning. The NASDAQ, which
struggled in the afternoon till One o'clock
before shooting up, had a heavy trading volume
of over 1.993 billion shares, while the NYSE
had a volume of over 1.118 billion shares traded.
Gainers included: Accelerated Network, Administaff,
AnswerThink, AOL Time Warner, Applied Materials,
Applied Micro Circuits, Arch Wireless, Bea Systems,
Brocade Communications, Cabletron Systems, Cendant
Corp, Ciena Corp, Cisco Systems, Compaq, Corimon
C.A., Corvis Corp, Credence Systems, Daleen
Technology, Dell, eBay, Elantec Semiconductor,
EMC Corp, Fairchild Semiconductor, Hewlett Packard,
IBM, Intel, JDS Uniphase, JP Morgan Chase &
Co, Juniper Networks, KLA Tencor, Micron Technology,
Microsoft, Network Systems, Nokia, Nvidia, Oracle,
OTG Software, Pfizer, Pharmacia Corp, Quidel
Corp, Rare Medium, Rite Aid, Schlumberger Ltd,
Shoe Pavilion, SierraCities.Com, SkeechersUSA,
Sola International, Somanetics, Sun Microsystems,
Sycamore Networks, Talarian, Teradyne, Terayon
Communications, Texas Instruments, USInternetworking,
Veritas Software, VerticalNet, Viacom, Vodafone
Group Plc, Williams Coal, Wireless Facilities,
and Xerox Corp.
MAIN
REASONS FOR ACTIVITY
-
US Business Inventories grew a mere 0.1%
in December, while the November growth was
revised downward to a growth of 0.3%. December
Inventory to Sales ratio were unchanged
at 1.36.
-
The Energy Information Agency (EIA) and
the American Petroleum Institute (API) reported
that for week ending February 9th, US Crude
Oil inventory grew 3.4 million barrels and
4.1 million barrels respectively. Reuters
Survey of analysts expected an increase
of 2.0 million barrels. For Distillates,
The EIA and API saw increases of 800,000
barrels and 938,000 barrels respectively.
Reuters survey expected a decrease of 900,000
barrels. Visit our Federal
Reserve Monetary Policy Analysis page
to read more. Also, visit our expanded message
boards to discuss this topic or any other
business topic by clicking here.
- UPDATE!
UPDATE!! UPDATE!!!: The price of our Business
Operations listed for sale on BizBuySell.Com
have been reduced. We are a family run operation
that owns this web portal with a UK and
Ireland subsidiary, with our Canadian subsidiary
beginning operations February 28th. 2001.
We also own over 70 other domain names.
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 our Contact
page.
- Microsoft
gained a fraction after naming technology
veteran Rick Belluzzo as its new President
and Chief Operating Officer. Mr. Belluzzo
is accredited with revitalizing MSN Internet
Service.
- USInternetworking
gained 38.89% after First Union Securities
initiated coverage with a "market perform"
recommendation, after the company posted
favorable quarterly figures.
- Equipment
financing company SierraCities.Com gained
35.77% after American Express paid $170.5
million for the company and intends to add
it to its small business operations.
- Medical
monitoring equipment maker Somanetics gained
21.30% after securing a $750,000 working
capital line of credit.
- ConAgra
Foods lost 19.51% after lowering its outlook
for the whole of 2001. ConAgra blamed the
hard times on higher fuel costs and the
slowing economy.
- Crude
Oil prices closed down 65 cents to $29.70
a barrel on the NYMEX.
- VoiceStream
Wireless, which is being acquired by Deutsche
Telekom, lost 2.97% after reporting fiscal
Q4 losses that were larger than anticipated.
- AFTER
CLOSE: Nvidia is extending its gains in
after hours trading after reporting fiscal
Q4 earnings of 38 cents a share, 1 cent
a share better than First Call estimates.
Nvidia's profits rose 70% to $218.2 million.
- AFTER
CLOSE: Arch Wireless is extending its gains
in after hours trading after announcing
that it has received an advance from Nextel
Communications, which is ordering about
$250 million worth of licensing for Arch
Wireless' 900MHz specialized mobile radios.
- AFTER
CLOSE: Rare Medium is still gaining in after
hours trading after reporting fiscal Q4
earnings of 6 cents a share, 4 cents a share
better than First Call estimates.
- AFTER
CLOSE: Wireless Facilities is extending
its gains in after hours trading after reporting
fiscal Q4 earnings of 24 cents a share,
2 cents a share better than First Call estimates.
Wireless Facilities' revenue rose 124% to
$80.1 million.
- AFTER
CLOSE: Credence Systems is losing in after
hours trading despite reporting fiscal Q1
earnings of 27 cents a share, 3 cents a
share better than First Call estimates,
but 8 cents a share less than the year before.
Credence announced a restructuring plan
that includes cutting 14% of its staff due
to slowing orders and lower than expected
revenues.
- NEW
SERVICE: Now that we have our United Kingdom
and Ireland subsidiary BusinessJeeves
UK & Ireland. up and running, we
want to inform you dedicated fans that our
Canadian (English) Subsidiary BusinessJeeves
Canada will be up February 28th. 2001.
We are confident, the quality of our content
will keep you coming back.
- 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 again optimistic that the momentum
in after hours trading will lift stocks
tomorrow. Then again, we might be surprised
by some unforeseen piece of information
tomorrow.
-
Be on the lookout for more technology stocks
rally and stock buybacks from technology
and Internet powerhouses like AOL, Ariba,
Inktomi, Microsoft, Nortel Networks, PMC-Sierra,
Qualcomm, Yahoo!, etc.
- BARGAINS
ANYONE?
- STOCKS
TO WATCH NEXT MARKET DAY: Technology! Internets!
Technology!! Internets!!.
- 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 Time
Warner, 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, and Wells Fargo.
<---D379--->
MARKET
SUMMARY FOR TUESDAY FEBRUARY 13TH. 2001
DOW INDUSTRIAL: 10903.32 = -43.45
NASDAQ: 2427.73 = -61.93
S & P 500: 1318.66 = -11.65
MOST
ACTIVE STOCKS & SECTORS
The markets closed lower after the Federal Reserve
chair Alan Greenspan's testimony to the Senate
Budget committee seemed to suggest the Central
Bank might be less aggressive in cutting interest
rates (visit our Federal
Reserve Monetary Policy Analysis page to
read more). The NASDAQ, which dived in the last
3 hours, had a heavy trading volume of over
1.723 billion shares, while the NYSE had a volume
of over 1.067 billion shares traded. Gainers
included: Advanced Power Technology, Alkermes
inc, American Greetings, AOL Time Warner, Atlas
Air, AT&T Liberty, Canadian Pacific Railway,
Cendant Corp, Collins Aikman, Commercial Bank
of New York, Compaq, Corimon C.A., Dialog Semiconductor
Plc, Dime Bancorp, EMC Corp, Emulex, Evolving
Systems, FleetBoston Financial, Hewlett Packard,
HomeBase, Infogrames, Insurance Auto Auctions,
Interleuken, Invision Technologies, Madison
Bancshares, Magellan Health, McDonalds, MCN
Energy, Metrobancorp, Micro General, Micron
Technology, Modem Media, Motorola, Network Appliance,
North Fork Bancorp, Quokka Sports, Russell Corp,
Stoneridge, Symbollon, Univision Communications,
US Aggregates, Volt Information Sciences, Wal-Mart,
Weider Nut, and Williams-Sonoma.
MAIN
REASONS FOR ACTIVITY
-
US Retail Sales grew 0.7% in January, higher
than what economists expected. The surprise
increase was due to deep discounts (especially
for autos) and the good weather.
-
The Richmond Fed Manufacturing Survey, a
good measure of manufacturing activities
in the district, dropped 12 points in January.
This is the fourth straight monthly drop.
Visit our Federal
Reserve Monetary Policy Analysis page
to read more. Also, visit our expanded message
boards to discuss this topic or any other
business topic by clicking here.
- UPDATE!
UPDATE!! UPDATE!!!: The price of our Business
Operations listed for sale on BizBuySell.Com
have been reduced. We are a family run operation
that owns this web portal with a UK and
Ireland subsidiary, with our Canadian subsidiary
beginning operations February 28th. 2001.
We also own over 70 other domain names.
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 our Contact
page.
- Commercial
Bank of New York gained 47.35% after Long
Island based North Fork Bancorp agreed to
acquire it for $170 million. North Fork
Bancorp gained 1.37%.
- Invision
Technologies gained 14.71% after reporting
that its fiscal Q4 earnings rose 64% to
$21.3 million, or 2 cents a share, well
better than the 7 cents a share loss for
fiscal Q4 1999.
- Keithley
Instruments lost 16.36% after announcing
that it is beginning to see order rates
softness in its semiconductor unit. Keithley
stated that it will however, meet its fiscal
Q2 and full year earnings estimates.
- Williams-Sonoma
gained after announcing the appointment
of a new CEO.
- Advanced
Power Technology gained 26.70% after reporting
fiscal Q4 earnings of 21 cents a share,
a whopping 15 cents a share better than
First Call estimates. Advanced Power also
reported that its revenues rose 60% to $12.5
million.
- Canadian
Pacific Railway gained 10.34% after announcing
that it will split into 5 separate businesses.
- Computer
maker Hewlett Packard gained 1.84% after
announcing the launch of its own web building
software.
- Oil
giant BP Amoco Plc. closed lower despite
reporting year 2000 profits of about $14
billion (£9.8 billion), a 130% increase
from year 1999, and the third largest corporate
profits ever reported. BP Amoco lost after
analysts questioned the direction of the
company after announcing marginal dividend
payments.
- AFTER
CLOSE: Applied Materials, which lost 6.25%
in regular trading, is gaining in after
hours trading after reporting lowered fiscal
Q1 earnings of 66 cents a share, 4 cents
a share better than First Call estimates.
- AFTER
CLOSE: Sycamore Networks, which lost 2.17%
in regular trading, is gaining in after
hours trading after reporting fiscal Q2
earnings of 6 cents a share, 1 cent a share
better than First Call estimates.
- AFTER
CLOSE: JDS Uniphase announced that it has
sealed the deal to acquire SDL inc. The
combined company will have new management,
and is forecasting fiscal Q1 sales of $1
billion with profits of 17 cents a share.
JDS Uniphase is gaining in after hours trading
after closing lower in regular trading.
- NEW
SERVICE: Now that we have our United Kingdom
and Ireland subsidiary BusinessJeeves
UK & Ireland. up and running, we
want to inform you dedicated fans that our
Canadian (English) Subsidiary BusinessJeeves
Canada will be up February 28th. 2001.
We are confident, the quality of our content
will keep you coming back.
- 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
-
Federal Reserve chairman Alan Greenspan's
testimony to the Senate wasn't as anti interest
rates cuts as most are thinking. Today's
retail sales data is a good sign that the
slide might be halting. Not yet turning
around, but stopping. As for the markets,
we are optimistic that the momentum in after
hours trading might lift stocks tomorrow.
Then again, we might be surprised by some
unforeseen piece of information tomorrow.
-
Be on the lookout for more technology stocks
rally and stock buybacks from technology
and Internet powerhouses like AOL, Ariba,
Inktomi, Microsoft, Nortel Networks, PMC-Sierra,
Qualcomm, Yahoo!, etc.
- BARGAINS
ANYONE?
- STOCKS
TO WATCH NEXT MARKET DAY: Technology! Internets!
Technology!! Internets!!.
- 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 Time
Warner, 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, and Wells Fargo.
<---D378--->
MARKET
SUMMARY FOR MONDAY FEBRUARY 12TH. 2001
DOW INDUSTRIAL: 10946.77 = +165.32
NASDAQ: 2489.66 = +18.69
S & P 500: 1330.17 = +15.41
MOST
ACTIVE STOCKS & SECTORS
The markets rallied as funds rotated from bond
markets to stocks on the eve of Federal Reserve
chair Alan Greenspan's testimony to a Senate
committee. The market is hoping to pick a signal
as to which way monetary policy is heading as
poor earnings and mounting layoffs puts the
market on alert. The NASDAQ, which had a zigzag
day, had a heavy trading volume of over 1.749
billion shares, while the NYSE had a volume
of over 1.013 billion shares traded. Gainers
included: Amgen, AOL Time Warner, Applera Celera,
Applied Materials, AT&T, Berry Petroleum,
Brass Eagle, Celadon Group, Celera Genomics,
Cendant Corp, Cisco Systems, Citigroup, ClickSoftware,
Collins Aikman, Commercial Bank of New York,
Constellation 3D, Corning inc, Edwards Lifesciences,
Ericsson, Federated Department Stores, GE, Graphics
Packaging, Hawker Pacific, Hi-Lo Industries,
IBM, Intel, Intertrust Technology, Ivex Packaging,
J2 Global Communications, JC Penney, Kmart,
Labor Ready, MarchFirst, Motorola, Mutual Risk,
Network Appliance, New Century Equities, Nokia,
Nortel Networks, Ohio Casualty, Palm Computing,
Penton Media, Pep Boys, Pfizer, Qualcomm, Safeguard
Scientific, Socket Communications, Sola International,
Solectron Corp, Student Advantage, Sun Microsystems,
Target Stores, Texas Instruments, Tyco International,
US Energy Corp, Visx inc, Wal-Mart, Warnaco
inc, Worldcom, and Zoltek Companies.
MAIN
REASONS FOR ACTIVITY
-
Visit our Federal
Reserve Monetary Policy Analysis page
to read more. Also, visit our expanded message
boards to discuss this topic or any other
business topic by clicking here.
- UPDATE!
UPDATE!! UPDATE!!!: The price of our Business
Operations listed for sale on BizBuySell.Com
have been reduced. We are a family run operation
that owns this web portal with a UK and
Ireland subsidiary, with our Canadian subsidiary
beginning operations February 28th. 2001.
We also own over 70 other domain names.
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 our Contact
page.
- Biotechnology
stocks rallied today after major scientific
magazines jumped into publishing the whole
human genome map and sequence. This will
generate more interest in the sector.
- Retail
stocks rebounded strongly today.
- Citigroup
gained 2.59% after its banking unit, Citibank
N.A. acquired European American Bank from
ABN AMRO for $1.6 billion.
- Oil
services giant Schlumberger lost 11.76%
after agreeing to acquire ailing Anglo-French
IT company Sema for £3.6 billion so as to
boost its IT/IS operations.
- Applied
Materials gained 3.23% on the eve of its
earnings report.
- Data
Storage giant EMC Corp lost 3.97% on Emulex
woes (see below). Other Emulex rivals like
QLogic and Brocade sustained heavy losses
too.
- AFTER
CLOSE: Emulex, which lost 47.90% in regular
trading after Robertson Stephens analyst
Ara Mizrakjian expressed concern about its
order "push outs" in a research
note, announcing after the bell that, it
is experiencing "order deferrals"
in January that will hurt its fiscal Q4
results. Emulex is losing aggressively in
after hours trading.
- AFTER
CLOSE: ecommerce consulting firm MarchFirst,
which gained 6.67% in regular trading, is
losing in after hours trading after reporting
fiscal Q4 losses of 40 cents a share, a
whopping 10 cents a share higher losses
than First Call estimates.
- AFTER
CLOSE: Quokka Sports, which closed unchanged
in regular trading, is gaining in after
hours trading after announcing a restructure
plan that will cut 59% of its 369 global
staff, thus reducing its financial burn
rate by about 65%, or about $2 million a
month. Quokka also announced plans to beef
up coverage of live sports and other events,
and also syndicate audio and video content.
- AFTER
CLOSE: Western Wireless, which lost in regular
trading, reported fiscal Q4 earnings of
14 cents a share, a whopping 13 cents a
share better than First Call estimates.
- NEW
SERVICE: Now that we have our United Kingdom
and Ireland subsidiary BusinessJeeves
UK & Ireland. up and running, we
want to inform you dedicated fans that our
Canadian (English) Subsidiary BusinessJeeves
Canada will be up February 28th. 2001.
We are confident, the quality of our content
will keep you coming back.
- 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
-
Federal Reserve chairman Alan Greenspan's
testimony to the Senate will be the deciding
factor tomorrow. Period. The market seems
to be unwilling to get out of its rot as
layoffs, earnings warnings, and never ending
flow of bad economic news continues to deter
consumers and businesses from spending.
The market is hoping for (and rightly do
need) a signal here to take it further in
the next coming weeks.
-
Be on the lookout for more technology stocks
rally and stock buybacks from technology
and Internet powerhouses like AOL, Ariba,
Inktomi, Microsoft, Nortel Networks, PMC-Sierra,
Qualcomm, Yahoo!, etc.
- BARGAINS
ANYONE?
- STOCKS
TO WATCH NEXT MARKET DAY: Technology! Internets!
Technology!! Internets!!.
- 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 Time
Warner, 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, and Wells Fargo.
<---D377--->
MARKET
SUMMARY FOR FRIDAY FEBRUARY 9TH. 2001
DOW INDUSTRIAL: 10781.45 = -99.10
NASDAQ: 2470.97 = -91.09
S & P 500: 1314.62 = -17.91
MOST
ACTIVE STOCKS & SECTORS
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