THE
"DAILY BREAD" FOR THE MARKET
Daily
Morning Insights on the Market
<---D400--->
MARKET
SUMMARY FOR THURSDAY MARCH 15TH. 2001
DOW INDUSTRIAL: 10028.55 = +55.09
NASDAQ: 1940.71 = -31.38
S & P 500: 1173.56 = +6.85
MOST
ACTIVE STOCKS & SECTORS
The markets closed mixed as the Dow recovered
some of its losses from yesterday, while the
NASDAQ drips further away from the all important
2,000 mark. The NASDAQ, which started in positive
territory but descended down all day, had a
heavy trading volume of over 1.966 billion shares,
while the NYSE had a volume of over 1.229 billion
shares traded. Gainers included: Abercrombie
& Fitch, Agco Corp, American Eagle Outfitters,
American Express, AMR Corp, AOL Time Warner,
Artesyn Technologies, AT&T, Bally Total
Fitness, Blockbuster Entertainment, Borders
Group, Calpine Corp, China East Airlines, China
South Airlines, Ciena Corp, Cisco Systems, CIT
Group, Citigroup, Compaq, Continental Airlines,
Del Monte Foods, Delta Air, Dot Hill System,
Duratek, EDS, Foster Wheeler, GE, Golden Telecom,
IBM, ICIC Bank Ltd, JP Morgan Chase & Co,
Level 3 Communications, Lucent Technologies,
Mirant Corp, Nokia, Nortel Networks, Northwest
Airlines, Orion Power Holdings, Owens-Illinois,
Pep Boys, Primedia, Research Front, Sabre Holdings,
SBC Communications, See Beyond Technology, Shopko
Stores, SMC Corporation, Sprint FON Group, Tyco
International, UAL Corp, Venator Group, and
Worldcom.
MAIN
REASONS FOR ACTIVITY
-
US Trade Deficit for Q4 2000 grew to a record
$115.27 billion, but still slightly below
analysts estimates.
-
The National Association of Home Builders
(NAHB) reported that its NAHB Housing Market
Index rose to 59 in March, a 2 points increase
from previous month. Single Family homes
rose a robust 6 points, and the 6-month
outlook index rose 4 points. Traffic of
Potential Buyers Index however, dropped
4 points.
-
US Jobless Claims for week ending March
10th. was unchanged, while the 4-week moving
average rose to 364,000.
-
The Philadelphia Fed Survey Index, a good
measure of manufacturing activity in the
Federal Reserve district, rose back to 23.5%
in march.
-
US Import Prices rose 0.1% in February,
due mostly to increased energy prices, while
the January data was revised to a fall of
0.1%. US Export prices dropped 0.2% for
the same period, due to agricultural prices
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, the UK &
Ireland, and the Canadian portals. 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.
- Online
brokerage Charles Schwab gained 5.05% after
warning on its fiscal Q1 outlook, and introducing
cost cutting plans.
- Duratek
gained today after postponing its fiscal
Q4 and year 2000 earnings announcements
yesterday.
- Borders
Group gained 0.59% after reporting earnings
yesterday that beat First Call estimates.
-
Visit our BusinessJeeves
UK & Ireland portal to read more
from our summary of the London Stock Exchange.
- Nokia
gained 14.45% after reiterating its bullish
outlook for fiscal Q1 profits, but lowering
its cellular phone sales outlook.
- EDS
gained 3.08% after paying $670 million for
Sabre Holding's airline data centers. EDS
also won a $2.2 billion 10-year service
contract from Sabre Holdings. Sabre gained
15.65%.
- Rambus
lost 31.85% after an article on Electronics
News Online stated that Rambus' patent infringement
lawsuit against Infineon Technologies AG
is going in Infineon's way. Rambus disagreed
with the story. Infineon lost 0.14%.
- Airline
stocks gained despite earnings warning from
United Airlines and AMR, American airlines'
parent.
- Teenage
clothier American Eagle Outfitters gained
9.59% after reporting fiscal Q4 estimates
that beat First Call estimates by 3 cents
a share, and 32% above Q4 1999.
- AFTER
CLOSE: Adobe Systems, which lost 4.31% in
regular trading, is gaining in after hours
trading after reporting fiscal Q1
earnings that beat First Call estimates
by 5 cents a share.
- AFTER
CLOSE: Oracle, which lost 8.56% in regular
trading, reported fiscal Q3 earnings of
10 cents a share, in line with its lowered
expectations. Oracle also warned about the
coming quarters.
- AFTER
CLOSE: Compaq is extending its gains in
after hours trading after announcing that
it will cut 7% of its workforce, or 5,000
jobs so as to save about $500 million to
$600 million. Compaq also lowered its outlook
for fiscal Q1 2001. Compaq blamed its problems
on the slowing economy and the cut throat
price wars in the Server and PC markets
(a war it also announced it will fight aggressively).
- FORECAST
IS UP: Our First and Second quarters of
year 2001 is now up. Don't get blinded in
these uncertain times, take advantage of
the information by visiting our Quarterly
forecasts page.
- NEW
SERVICE: Now that we have our United Kingdom
and Ireland portal BusinessJeeves
UK & Ireland., and our Canadian
(English) portal BusinessJeeves
Canada up and running. 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
-
Bargains anyone? That is, if you still have
some money left and have the stomach for
this market!
-
STOCKS TO WATCH NEXT MARKET DAY: Blue Chips
will likely recover before the week is over
with.
- 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.
<---D399--->
MARKET
SUMMARY FOR WEDNESDAY MARCH 14TH. 2001
DOW INDUSTRIAL: 9972.57 = -318.23
NASDAQ: 1972.09 = -42.69
S & P 500: 1166.57 = -31.09
MOST
ACTIVE STOCKS & SECTORS
The markets had another carnage as both the
Dow and the NASDAQ close below their all-important
10,000 and 2,000 marks. The NASDAQ, which tried
all day to stage a rally, had a very heavy trading
volume of over 2.148 billion shares, while the
NYSE had a volume of over 1.379 billion shares
traded. Gainers included: Almost Family, Applied
Materials, Ciphergen Biosystems, Circuit City
Stores, CSK Auto Corp, Dell, Digital Insight,
EMC Corp, Factset Research Systems, Galey &
Lord, Globespan, Hispanic Broadcasting, Integra
Lifesciences, Intranet Solutions, JDS Uniphase,
Learning Tree, Loral Space, MarketWatch.Com,
Modem Media, New Focus, Perform Technology,
Procom Technology, Rite Aid, SCI Systems, Stearns
& Lehman, TeleTech Holdings, Three Five
Systems, US Airways, Usana Health Sciences,
Veritas Software, Verity, Williams Sonoma, and
Worldcom.
MAIN
REASONS FOR ACTIVITY
-
US Business Inventories increased 0.4% in
January, slightly above estimates. Manufacturing
inventories led with a whopping 0.7% increase.
All sectors posted gains expect Wholesalers
inventory, which dropped. The Inventory
to Sales ratio rose up to 1.37.
-
For week ending March 19th, the Energy Information
Agency (EIA) and the American Petroleum
Institutes (API) announced that, US crude
oil inventory rose 8 million barrels and
9.5 million barrels respectively. Reuters
Survey of analysts expected a decrease of
1 million barrels. As for Distillates, the
EIA and the API saw drops of 1.3 million
barrels and 544,000 barrels respectively.
Reuters survey expected a decrease of 600,000.
Today's data shows that although the country
is not in a recession, inventory stockpile
is still above acceptable levels and the
Federal Reserve will likely cut about 50
bases points (0.50%) of interest rates.
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, the UK &
Ireland, and the Canadian portals. 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.
- Integra
Lifesciences gained after CIBC World Markets
and Adams Harkness initiated coverage of
it with a "strong buy" and "buy"
recommendations.
- Banking
stocks closed lower after credit rating
agency Fitch/IBCA placed 19 Japanese banks
on a "negative" ratings watch.
-
Visit our BusinessJeeves
UK & Ireland portal to read more
from our summary of the London Stock Exchange.
- Williams
Sonoma gained 9.31% after reporting profits
that were below estimates, but sales rose
19%, which was better than estimates.
- Rite
Aid gained 4.56% after announcing that it
will cut back its debt load by $726.4 million
and save over $31.3 million in interest
yearly.
- Hispanic
Broadcasting gained 10.80% after Morgan
Stanley Dean Witter upgraded the stock to
an "outperform" recommendation.
- Nextel
Communications lost 28.75% after issuing
a warning for fiscal Q1 due to the slow
demand and high costs. Merrill Lynch and
Legg Mason downgraded the stock.
- AFTER
CLOSE: Texas Instruments, which lost 3.96%
in regular trading, is gaining in after
hours trading after announcing that is shutting
down its Santa Cruz, California factory
and cutting the 600 jobs there.
- AFTER
CLOSE: Globespan is losing in after hours
trading after lowering its fiscal Q1 and
Q2 outlook due to the poor economy and inventory
problems.
- AFTER
CLOSE: Dollar Tree Stores is extending its
losses in after hours trading after revising
its fiscal Q1 outlook downward due to poor
sales.
- AFTER
CLOSE: TeleTech Holdings is losing in after
hours trading after lower its fiscal Q1
outlook and announcing the resignation of
its CEO and COO.
- AFTER
CLOSE: Verity is extending its gains after
reporting fiscal Q3 earnings that beat First
Call estimates by 2 cents a share.
- FORECAST
IS UP: Our First and Second quarters of
year 2001 is now up. Don't get blinded in
these uncertain times, take advantage of
the information by visiting our Quarterly
forecasts page.
- NEW
SERVICE: Now that we have our United Kingdom
and Ireland portal BusinessJeeves
UK & Ireland., and our Canadian
(English) portal BusinessJeeves
Canada up and running. 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 expect the same tomorrow as today. Bargains
anyone? That is, if you still have some
money left and have the stomach for this
market!
- BARGAINS
ANYONE?
- STOCKS
TO WATCH NEXT MARKET DAY: Blue Chips will
likely recover before the week is over with.
- 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.
<---D398--->
MARKET
SUMMARY FOR TUESDAY MARCH 13TH. 2001
DOW INDUSTRIAL: 10289.83 = +81.58
NASDAQ: 2014.78 = +91.40
S & P 500: 1197.66 = +17.50
MOST
ACTIVE STOCKS & SECTORS
The markets rallied today as bargain hunters
came out to snap up some of the blue chip technology
stocks. The NASDAQ, which was in the positive
all day, had a very heavy trading volume of
over 2.104 billion shares, while the NYSE had
a volume of over 1.363 billion shares traded.
Gainers included: Aeroflex, AOL Time Warner,
Applera Celera, Applied Materials, Applied Micro
Circuit, Ariba, AremisSoft, AT&T, Avici
Systems, Banc Stock Group, Bea Systems, Broadcom,
Brocade Communications, Caldera Systems, Check
Point Software, Ciena Corp, Cisco Systems, CIT
Group, Citigroup, CMGI, Compaq, Comverse Technology,
Corning, Dell, Digimarc Corp, Disney, EMC Corp,
Enzo Biochem, Epiphany, ePlus, Ericsson, Extreme
Networks, GE, Hibernia Corp, Home Depot, i2
Technologies, IBM, Impreso.Com, Intel, IXIA,
JDS Uniphase, Juniper Networks, LSI Logic, Merrill
Lynch, Micron Technology, Microsoft, Motorola,
NetIQ, Nextel Communications, Nokia, Oracle,
Proton Energy, Qualcomm, Scholastic Corp, SCI
Systems, Serena Software, Siebel Systems, Solectron,
Stockwalk Group, Sun Microsystems, Taiwan Semiconductor,
Texas Instruments, Veritas Software, WebTrends,
and Willsbro Group.
MAIN
REASONS FOR ACTIVITY
-
US Retail Sales dropped an unexpected 0.2%
in February, while January figures were
revised upwards to a 1.3% growth. Non-durable
and durable goods (excluding automobile)
both dropped 0.3% in February.
-
The Richmond Federal Reserve Survey of manufacturing
for February showed improvements as shipments
gained 14 points to post a positive 2 increase.
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, the UK &
Ireland, and the Canadian portals. 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.
- Motorola
gained 1.33% after announcing 7,000 job
cuts due to the cooling economy and weak
demand for its products.
-
CIT Group gained 36.84% on news that Tyco
International is paying $9.2 billion in
cash and stocks to acquire the financial
services company. Tyco closed lower.
-
Visit our BusinessJeeves
UK & Ireland portal to read more
from our summary of the London Stock Exchange.
- Pfizer
lost 1.12% despite reiterating its outlook
for 2002.
- GE
gained 6.89% after reiterating its strong
growth outlook for fiscal Q1 and the whole
of 2001.
- AremisSoft
gained 24.91% after announcing that it has
won a $500,000 contract with the Indian
Army.
- Avici
Systems gained 35.15% after a Merrill Lynch
investment highlight considered the run
on the stock as an over-reaction.
- Extreme
Networks gained 23.78% after stating that
its global business is not being hurt as
its US operations.
- Cisco
Systems gained 13.62% after Needham &
Co. upgraded the stock to a "buy"
recommendation.
- AFTER
CLOSE: Comverse Technology is extending
its gains in after hours trading after reporting
fiscal Q4 earnings of 41 cents a share,
2 cents a share better than First Call estimates.
- AFTER
CLOSE: Scholastic Corp., which gained 1.21%
in regular trading, is extending its gains
in after hours trading after reporting a
strong fiscal Q4 earnings and announcing
that it is on track to meet its fiscal 2001
outlook.
- AFTER
CLOSE: Internet incubator CMGI is losing
in after hours trading after announcing
that its quarterly losses have increased
to $2.6 billion, and the company issued
a sales warning for the next quarter.
- AFTER
CLOSE: Retailer Kohl's, which lost 1.04%
in regular trading, announced fiscal Q4
earnings that beat First Call estimates.
Kohl's attributed the strong performance
to new store openings.
- AFTER
CLOSE: Saks inc., the parent of retailing
giant Saks Fifth Avenue, which lost 1.54%
in regular trading, reported that its fiscal
Q4 profits will drop up to 20% due to markdowns
at its stores and the poor economic conditions.
- FORECAST
IS UP: Our First and Second quarters of
year 2001 is now up. Don't get blinded in
these uncertain times, take advantage of
the information by visiting our Quarterly
forecasts page.
- NEW
SERVICE: Now that we have our United Kingdom
and Ireland portal BusinessJeeves
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PICKS FOR THE NEXT MARKET DAY
REASONS
BEHIND THE PICKS
-
Bargains anyone? That is, if you still have
some money left and have the stomach for
this market!
-
We are hoping that Abby Joseph Cohen's equities
recommendation and a general momentum before
the Federal Reserve FOMC meeting week will
help the markets rally.
-
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.
<---D397--->
MARKET
SUMMARY FOR MONDAY MARCH 12TH. 2001
DOW INDUSTRIAL: 10208.25 = -436.37
NASDAQ: 1923.38 = -129.40
S & P 500: 1180.16 = -53.26
MOST
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