THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR THURSDAY JANUARY 3RD. 2002

DOW INDUSTRIAL: 10172.14 = +98.74

NASDAQ: 2044.27 = +65.02

S & P 500: 1165.27 = +10.60

MOST ACTIVE STOCKS & SECTORS

The markets surged again today as optimism about a recovery this year is encouraged by economic data. The NASDAQ, which was up all day, had a very very heavy trading volume of over 2.209 billion, while the Dow had a volume of over 1.397 billion shares traded. Gainers included: Accredo Health, ACLN Ltd, Allegiance Telecommunications, AMD, Applied Materials, Applied Micro Circuits, Bea Systems, Broadcom, Brocade Communications, Ciena Corp, Cisco Systems, Citigroup, Compaq, Corning, Critical Path, Datakey, Dell, Disney, EMC Corp, Epicor Software, Ericsson, Flextronics International, Greenpont Financial, Hewlett Packard, i2 Technologies, Insweb, Intel, Intermet, JDS Uniphase, JP Morgan Chase & Co, LoudCloud, Lucent Technologies, Methode Electronics, Metwave Communications, Micron Tech, Microsoft, Motorola, Network Appliance, Nokia, Nortel Networks, Oakwood Homes, ON Semiconductor, Orbital Sciences, Overland Data, Palm, Pfizer, RealNetworks, Riverstone Networks, RTI International Metals, Safeguard Scientific, Satyam Infoway, Siebel Systems, SnowBall.Com, Spirent Plc, Sun Microsystems, Texas Instruments, Tripos, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US Construction Spending rose 0.8% in November, due mostly to public construction. Private Residential Construction declined.

• The Mortgage Bankers Association (MBA) reported that, its MBA Mortgage Applications Survey for weekending December 28th. 2001 declined 39.9% to 329.6. The Purchase Index declined to 220.6. The Refinance Index declined to 963.5. The 30-year Fixed Mortgage Rate declined slightly to 7.12%.

• US Jobless Claims for weekending December 29th. rose 36,000 to 447,000. The 4-week moving average declined 8,250 to 409,750.

• The Energy Information Administration (EIA) reported that for weekending December 28th, US Crude Oil Inventory declined 2.2 million barrels, while Distillates rose 600,000 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.

• Peregrine Systems lost 36.11% for issuing an earnings warning.

• EMC Corp. gained 12.09% after Salomon Smith Barney raised it to a "buy" recommendation.

• Tyco International lost 3.97% despite denying that it is under SEC investigation.

• K-Mart lost another 13.71% today as bankruptcy rumors refuse to subside.

• Cisco Systems gained 7.96% after Morgan Stanley's Christopher Stix and CS First Boston's Lissa Botagy had good comments on the stock. Riverstone Networks, which was also mentioned in a positive light by Christopher Stix, gained 15.03%.

• The London Stock Exchange (LSE) closed higher due to ...............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Halliburton lost 11.08% today as investors continue to worry about the Asbestos exposure it is getting from its subsidiaries.

• Allegiance Telecom gained 3.64% after acquiring most of Intermedia's Business Internet unit from Worldcom Group. Worldcom Group gained 1.52%.

• Sirius Satellite Radio lost 13.05% after Wall Street Journal slammed the products of rival XM Satellite Radio Holdings, XM Satellite Holdings lost 8.51%.

• Accredo Health gained 22.18% after agreeing to acquire Gentiva Health's Specialty Pharmaceuticals Services for $415 million.

• Overland Data gained 35.07% after stating that its fiscal Q2 earnings will beat Wall Street estimates.

• Metawave Communications gained 23.75% after closing a $20 million equity financing deal.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• 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

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR WEDNESDAY JANUARY 2ND. 2002

DOW INDUSTRIAL: 10073.40 = +51.90

NASDAQ: 1979.25 = +28.85

S & P 500: 1154.67 = +6.59

MOST ACTIVE STOCKS & SECTORS

The markets started the new trading year on a good note, thanks to encouraging economic data. The NASDAQ, which had an aggressive rally with an hour to go, had a relatively moderate trading volume of over 1.512 billion, while the Dow had a volume of over 1.179 billion shares traded. Gainers included: ACLN Ltd, Acuity Brands, Alcatel SA, Amazon.Com, America West Holdings, Applica Corp, AT&T, AT&T Wireless, Biora AB, Boyd Brothers Transportation, Broadcom, Brocade Communications, Brown Forman, Calpine Corp, Celestica, Ciena Corp, Cisco Systems, Citigroup, Compaq, Copper Mountain Networks, Corning, Covanta Energy, Dell, Disney, EMC Corp, Emulex, Ericsson, Extreme Networks, ExxonMobil, Flextronics International, GE, GlobespanVirata, Grupo Casa Basa SA, i2 Technologies, IBM, Infenion Technologies, Intel, JDS Uniphase, JP Morgan Chase & Co, KLA-Tencor, Liberty Media, Lucent Technologies, Made2manage Systems, Micron Tech, Microsoft, Motorola, Nextel Communications, Nokia, Nortel Networks, Nvidia, Oracle, Palm, Patriot Transportation, Pfizer, PMC-Sierra, RealNetworks, Redback Networks, Salton, Sanmina-SCI, Siebel Systems, SnowBall.Com, Solectron, Sun Microsystems, Taiwan Semiconductor, Terra Networks SA, Texas Instruments, Veritas Software, Virgin Express, Wal-Mart, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US Agricultural Prices were unchanged in December.

• Worldwide Semiconductor Sales rose 1.5% in November. Europe and Asia saw increases, North America held steady, while Japan saw a decline again.

• The Institute of Supply Management (ISM), formerly known as The National Association of Purchasing Managers (NAPM), reported that its PMI in December, a good measure of manufacturing activity in the nation, rose to a better-than-expected 48.2 in December, well better than the 44.5 seen in November. 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.

• Contract Electronics Manufacturers (CEMs) continued their rebound today.

• Semiconductor stocks rallied after Hynix of South Korea raised its DRAM chip prices again. The worldwide semiconductor sales data made the sector to lead today's rally.

• AOL Time Warner lost 1.56% after Morgan Stanley analysts Mary Meeker and Rich Bilotti cut their 2002 and 2003 earnings outlook on the media giant by 10%, but still maintained their "strong buy" recommendations on the stock.

• K-Mart lost 13.19% after Prudential Securities downgraded it to a "sell" due to its poor quarterly performance, and possible bankruptcy! K-Mart stated its financial standing is sound.

• eBay lost 1.09% after Robertson Stephenson downgraded the online auction giant to a "buy".

• The London Stock Exchange (LSE) closed the first day of trading in 2002 higher due to ...............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• HomeStore.Com lost 1.39% after reporting just before the closing bell that the SEC preliminary investigation about about its accounting practices found that the company overstated online advertisement revenue in the first 3 quarters of 2001 between $54 million and $95 million.

• JDS Uniphase gained 5.18% after completing the purchase of IBM's optical transceiver business. IBM gained 0.45%.

• Redback Networks gained 19.24% after Morgan Stanley stated that the company's fiscal Q4 revenue is on track to meet Wall Street estimates, and that fiscal Q1 outlook is "modestly positive".

• AFTER CLOSE: Security company L3 Communications Holdings announced that it is paying $100 million for the X-ray detection operations of PerkinElmer. PerkinElmer is gaining in after hours trading.

• AFTER CLOSE: Software developer Corillian is losing in after hours trading after lowering its current quarter revenue, and raising its losses for the period.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• 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

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR MONDAY DECEMBER 31ST. 2001

DOW INDUSTRIAL: 10021.50 = -115.49

NASDAQ: 1950.40 = -36.86

S & P 500: 1148.08 = -12.94

MOST ACTIVE STOCKS & SECTORS

The markets closed lower as investors said sayonara to this horrible year. The NASDAQ, which went for a free fall with One hour left in regular trading, had a relatively moderate trading volume of over 1.416 billion, while the Dow had a volume of over 0.944 billion shares traded. Gainers included: ADC Telecommunications, America West Holdings, Applied Micro Circuits, Ariba, Ashanti Goldfields, At Road, Brass Eagle, Calpine Corp, Ciena Corp, Cohesion Technology, Colonial Commercial, Docummun, Echostar Communications, Endocardial Solutions, Epoch Biosciences, Extended Systems, Fairchild Semiconductor, Founders Food & Firkins Ltd, G-III Apparel Group, Genset, Gilat Satellite Networks, Global Crossing, Hamilton Bancorp, Huffy Corp, Hypercom, i2 Technologies, J2 Global Communications, Jacobson Stores, JDS Uniphase, Lucent Technologies, MACC Private Equities, Marvel Enterpises, Metrogas, Mirant Corp, Motorola, Mutual Risk, Nexmed, Nortel Networks, Palm, RB Rubber, Rite Aid, Scient, Solectron, United Business Media Plc, United Shipping & Technology, US Airways, Valicert, and Videsh Sanchar.

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.

• Roundup time: NASDAQ lost 21% in 2001. Dow lost 7.1% in 2001. S&P 500 lost 13% in 2001, its largest yearly lost since 1974.

• Oracle lost 1.78% today after announcing late Friday that it was cutting about 400 to 800 jobs in its consulting and sales units in North America.

• Microsoft lost 2.39% after the 9 State Attorney Generals asked a judge to reject Microsoft's request for an extension of the remedies procedure by 3 months.

• America West Holdings, the parent of America West Airlines, closed 41.70% higher after receiving $380 million in loan guarantees from the Federal Government as part of the $15 billion airline industry bailout after the September 11th. terrorist attacks. US Airways, which is another airline in need of cash infusion, gained on the news.

• Echostar Communications gained 0.62% despite a court restraining order that it can't drop ABC Family channel from its lineup. Walt Disney, which owns ABC, closed lower.

• Citigroup lost 1.39% despite surpassing Merrill Lynch as the US' leading underwriter.

• Energy company Mirant gained 4.36% after terminating its Eco Electra deal with Edison International.

• The London Stock Exchange (LSE) closed lower today due to ...............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Imclone lost 15.91% after announcing that the FDA is requesting more information on the clinical trials of its colon Cancer drug, Erbutux™, so the launch will be delayed until Q3 of 2002. Bristol Myers Squibb, which has a marketing deal on the drug, closed lower too.

• Oil shares closed lower as analysts question the ability of OPEC to maintain discipline and achieve its 1.5 million barrels a day production cut.

• Ariba gained 0.65% after the head of Japan's Softbank, Masayoshi Son, resigned from its board effective this Monday. Softbank will still hold a stake in Ariba Japan.

• Scient gained 7.69% after naming former Chief Financial Officer (CFO) of Young & Rubican, Jacques Tortoroli, as its new CFO.

• Extended Systems gained 6.54% after Soundview has positive comments about it.

• Global Crossing gained 37.70% after JP Morgan reported that the company has until February 13th. 2002 to secure funding or end up in bankruptcy.

• Marvel Enterprises gained 14.80% as the movie, Lord of the Rings™, rakes in some serious money. Marvel owns the merchandize rights to the movie.

• WARNING: Be careful out there folks. It will be a shame if the recovery starts and you are six feet under !!!!!!!!!!

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• 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

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR FRIDAY DECEMBER 28TH. 2001

DOW INDUSTRIAL: 10136.99 = +5.68

NASDAQ: 1987.26 = +10.84

S & P 500: 1161.02 = +3.89

MOST ACTIVE STOCKS & SECTORS

The markets closed higher on optimism of an economic recovery next year, due mostly data released today. The NASDAQ, which was up all day, had a relatively light trading volume of over 1.328 billion, while the Dow had a volume of over 0.880 billion shares traded. Gainers included: AB Watley Group, Abgenix, Amazon.Com, Amgen, AOL Time Warner, Applied Micro Circuits, Ariba, Ask Jeeves, Atmel, AT&T, AT&T Wireless, Bio Transplant, ChevronTexaco, ChinaDotCom, China Mobile, China Unicom, Cisco Systems, Citigroup, Convera, Corning, Echostar Communications, E*Trade Group, Fox Entertainment, Halliburton, i2 Technologies, iAsiaWorks, Immunex, Juniper Networks, Liberty Media, Liberty Property Trust, Lucent Technologies, Manugistics Group, Med-Design, Microsoft, Motorola, News Corp, Nokia Nortel Networks, Oracle, Overture Services, Owens Illinois, Pacific Century Cyberworks, Palm, Qiaoxing Universal Telecom, Qwest Communications International, Sanmina-SCI, Siebel Systems, Solectron, Tyco International, US Airways, Viacom, Vivendi-Universal, Xerox Corp, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Conference Board reported that US Consumer Confidence rose to 93.7 in December, its first rise since June, and well above analysts estimates.

• US New Home Sales rose to 934,000 units in November, its largest gain in over 3 quarters.

• US Existing Home Sales rose 0.6% to 5.21 million in November. The rise in Existing Single Home sales is now poised for a record year.

• US Jobless Claims for week ending December 22nd. rose a lower-than-expected 7,000 to 392,000. The 4 week moving average declined 25,250 to 413,250.

• US Orders for Durable Goods declined 4.8%, or $8.8 billion to $175.6 billion in November. Shipments rose 0.2% to $180.7 billion, while Inventories declined 1.1% to $286.7 billion.

• The Chicago Purchasing Managers Association (PMA) reported that its Chicago PMI Index rose 30 basis points (0.30%) to 41.4% - any point below 50% is a contraction.

• The Energy Information Administration (EIA) reported that for week ending December 21st, US crude oil inventories rose 2.6 million barrels, while Distillates inventories declined 1.7 million 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.

• Yahoo! gained 2.98% after outgoing Merrill Lynch analyst Henry Blodget raised his fiscal Q4 estimates on the online media giant on hopes that the advertisement climate will improve, and Yahoo!'s recent deal with Overture Services is a win-win situation. In a separate development, SBC Communications made known that it is acquiring a 3% stake in Yahoo! from Softbank of Japan.

• AB Watley Group gained 12.50% after E*Trade Group accepted its direct-access trading software solution. E*Trade Group gained 1.95%.

• AOL Time Warner gained 2.07% after announcing today that its online unit, AOL™, added 1 million new users in October, thanks to its AOL 7.0™ version. AOL™ now has 33 million customers.

• Abgenix gained 3.85% and helped biotechnology shares to close higher after announcing that it is in mid-stage patient testing for its Cancer drug.

• The London Stock Exchange (LSE) closed higher today due to ...............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Safety syringe maker Med-Design gained 7.59% after signing a licensing deal with Owens Illinois allowing Owens Illinois to make its safety dental pre-filled cartridge injector. Owens Illinois gained 1.99% on the deal.

• Oil shares closed missed after OPEC announced today that as of January 1st, it will cut its crude oil production by 1.5 million barrels a day for 6 months. Non-OPEC members have already agreed to cut about 465,000.

• China ADRs (American Deposit Receipts) gained today after President George W. Bush granted China permanent normal trading status.

• Software developer Convera gained 12.86% after buying back 15 million of its common shares from Intel. Intel closed lower.

• Xerox gained 6.24% after securing a $340 million financing from GE Capital.

• AFTER CLOSE: Oracle is still gaining after announcing plans to cut a further 400 to 800 jobs.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• 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

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR THURSDAY DECEMBER 27TH. 2001

DOW INDUSTRIAL: 10131.31 = +43.17

NASDAQ: 1976.42 = +15.72

S & P 500: 1157.13 = +7.76

MOST ACTIVE STOCKS & SECTORS

The markets closed higher on optimism of an economic recovery next year. The NASDAQ, which was up all day, had a relatively light trading volume of over 1.249 billion, while the Dow had a volume of over 0.882 billion shares traded. Gainers included: ADC Telecommunications, AES Corp, Alliance Data, AMD, AOL Time Warner, Ashworth, Atmel, AT&T Wireless, Blue Martini Software, Brocade Communications, Calpine Corp, Capstone Turbine, ChevronTexaco, Ciena Corp, Cisco Systems, Citigroup, Comcast Communications, Compaq, Cornerstone, Corning, Daimler-Benz AG, Disney, Emulex, Ericsson, ExxonMobil, Federated Department Stores, Fuelcell Energy, Gap, GE, Global Power Equipment Group, Grand Toys, Great American Bancorp, Halliburton, i2 Technologies, Intel, JDS Uniphase, JLG Industries, JP Morgan Chase & Co, Juniper Networks, KLA-Tencor, Kroger Co, The Limited, Lucent Technologies, Micron Tech, Microsoft, Mirant Corp, Motorola, NCRIC Group, Neiman-Marcus Group, NMT Medical, Nordstrom, Norsat International, Novamerican, Odestics, Orckit Communications, Palm, Pentastar Communications, Plug Power, PMC-Sierra, Qualcomm, Qwest Communications International, Rite Aid, Saks, Siebel Systems, Solectron, Stewart & Stevenson Services, Stoneridge, Sun Microsystems, Target, Texas Instruments, TMP Worldwide, Transmeta Corp, Ucar International, UnitedAuto Group, Unova Corp, USG Corp, Verizon Communications, Vitesse Semiconductor, Williams Companies, Worldcom Group Plc, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Conference Board reported that for month of November, the US Help Wanted Index, a good measure of blue collar workers demand, declined to 45, its lowest reading since the mid 1960s.

• The Mortgage Bankers Association (MBA) reported that, for the week ending December 21st., the MBA Mortgage Applications Survey Index declined 2.5% to 548.2. The Purchase Index rose to a record 373.5, while the Refinance Index declined to 1564.4. The 30-year fixed mortgage rate declined 10 basis points to 7.13%. 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.

• Yahoo! gained 1.48% after reporting some strong holiday shopping numbers yesterday. Yahoo! also was the winner in the bid for HotJobs.Com as HotJobs officially rejected TMP Worldwide's bid in favor of Yahoo!'s higher bid. HotJobs.Com lost 2.81%, while TMP Worldwide, the parent of Monster.Com, gained 4.42% - Let the competition begin!!

• Stewart & Stevenson Services gained 16.20% after wining a $374 million contract to supply the US Army with Trucks and Trailers.

• Fuelcell Energy gained 17.38% after announcing with its Asian partner, Marubeni of Japan, the establishment of the first direct fuelcell power plant in Asia at a Kirin Brewery plant near Tokyo.

• Department Stores rallied today as it becomes apparent that their Christmas sales wasn't as bad as expected.

• Number 2 chip maker AMD gained 3.20% after Merrill Lynch lowered its quarterly loss estimates.

• Oil related shares gained on the eve of the OPEC meeting in Cairo.

• The London Stock Exchange (LSE) closed higher today due to ...............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• UnitedAuto Group gained 13.17% after announcing that it will beat Wall Street's profit estimates by 15%.

• Atmel gained 13.14% after AG Edwards upgraded it to a "strong buy" because, the semiconductor company is valued below its peers. This upgrade and the AMD news caused semiconductor stocks to rally.

• Orckit Communications gained 37.34% after a company source told Reuters® that the Israeli company is expecting another order from Verizon Communications worth $50 million. Verizon Communications closed higher.

• International power company AES gained 9.06% after reaching an agreement with the government of Brazil on power rate increases, rationing, and on a better way of passing costs to consumers faster.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• 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

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR WEDNESDAY DECEMBER 26TH. 2001

DOW INDUSTRIAL: 10088.07 = +52.73

NASDAQ: 1960.70 = +16.22

S & P 500: 1149.37 = +4.72

MOST ACTIVE STOCKS & SECTORS

The markets closed higher on good holiday shopping news. The NASDAQ, which was up all day, had a light trading volume of over 1.127 billion, while the Dow had a volume of over 0.792 billion shares traded. Gainers included: ACLN Ltd, Activision, ADC Telecommunications, Akamai Technologies, Amazon.Com, American Dental Partners, Amgen, Antenna TV S.A., Anthem, ArtistsDirect, Ask Jeeves, AT&T Wireless, Baker Hughes, Brady Corp, Broadcom, Brocade Communications, Callon Petroleum, Calpine Corp, Cendant, ChevronTexaco, Cisco Systems, Citigroup, CNET Networks, Comcast Communications, Compaq, Computer Task, Comstock Resources, Dell, Digex, eBay, Echoster Communications, Elbit Medical, Electronics Arts (EA), Equinix, Ericsson, Expedia.Com, ExxonMobil, Formula Systems (1985) Ltd, Hewlett Packard, Hughes Supply, i2 Technologies, Imco Recycling, InfoSpace, Intel, J2 Communications, JC Penney, JDS Uniphase, K-Mart, London Pacific Group, Loral Space & Communications, Lucent Technologies, MarketWatch.Com, Mentergy Ltd, Micron Tech, Microsoft, Mykrolis Corp, Nextel Communications, OfficeMax, Orient Express Hotels, OSI Systems, Overture Services, Palm, PC Mall, Priceline.Com, Qwest Communications International, Rite Aid, SigmaTron International, Sirius Satellite Radio, SI Technology, Scpie Holdings, Sulzer Medica, Sun Microsystems, Take Two Interactive, Texas Instruments, TheStreet.Com, THQ, TMP Worldwide, Top Image Systems, Tyco International, Veritas Software, Wal-Mart, Whitehall Jewelers, and Yahoo!

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.

• Yahoo! gained 5.04% and pushed online retailers higher after announcing that for the shopping season starting from November 23rd. to December 24th, sales at its shopping sites rose 86% over the year.

• Wal-Mart gained 1.79% after announcing that its December sales at stores opened for at least one year, was above its estimates.

• Department Stores had a lackluster shopping season as buyers went after deep discounters like Wal-Mart.

• Game Developers, especially those with Sony titles, saw their games flying off the shelves (and their stocks flying today too).

• Laptop Computers were also one of the hottest items this shopping season, and laptop makers were rewarded the market today.

• Oil related shares gained on a countdown to the OPEC meeting on Friday, December 28th., in Cairo.

• The London Stock Exchange (LSE) was closed today due to the Holidays. Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Micron Technology gained 2.29% after the CEO of Hynix Semiconductor, Park Chong-Sup, made known in an interview in South Korea that he expects an alliance deal with Micron Tech next month. Micron Tech and Hynix, the #2 and #3 DRAM makers, are discussing alliance that will dwarf #1 DRAM powerhouse, Samsung Electronics.

• Echostar Communications gained 0.60% after its CEO told the Wall Street Journal that it plans to invest about $1 billion in Hughes Electronics' High Speed Internet Project. Echoster is waiting approval to acquire its larger rival.

• Elbit Medical Imaging gained 18.25% after announcing that GE Medical Systems is taking an equity stake in its subsidiary, Image Guided Treatment Ltd. (Insightec).

• Top Image Systems gained 26.25% after the government of India selected its software platform for its national census project.

• e-Learning solutions provider, Mentergy Ltd. (formerly known as Gilat Communications), gained 178% after the District Court of Tel Aviv-Jaffa approved its refinancing plans.

• AT&T Wireless gained 4.44% after AT&T announced that it has sold the remaining stake it holds in the company for $1.4 billion. Analysts think AT&T Wireless will perform better if AT&T is off its back. AT&T closed lower.

• Internet stocks were generally strong today, except for AOL Time Warner.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• 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

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR MONDAY DECEMBER 24TH. 2001

DOW INDUSTRIAL: 10035.34 = +0.00

NASDAQ: 1944.48 = -1.35

S & P 500: 1144.65 = -0.24

MOST ACTIVE STOCKS & SECTORS

The markets closed higher on a short Christmas Eve trading day. The NASDAQ, which was up and down and then finally gave up with an hour left in this short trading session, had a very light trading volume of over 0.564 billion, while the Dow had a volume of over 0.435 billion shares traded. Gainers included: 21st. Century, Actuity Brands, ADC Telecommunications, Affymetrix, Akamai Technologies, Anadarko Petroleum, Atmel Corp, Avista Communications, Berry Petroleum, Broadcom, Broadvision, Calpine Corp, Click Commerce, Comcast Communications, Concord EFS, Dean Foods, Dell, DTE Energy, ExxonMobil, Halliburton, HotJobs.Com, IDT Corp, Invision Technology, Interep National Radio Sales, JDS Uniphase, JP Morgan Chase & Co, Level 3 Communications, Loral Space & Communications, Lucent Technologies, National Research Corp, Natures Sunshine Products, NCH Corp, Network Equipment, Nortel Networks, Novastar Financial, Oakwood Homes, Occidental Petroleum, OSI Systems, Overture Services, Palm, Philips Petroleum, Piedmont Natural Gas, Pierre Foods, Rex Stores, Royal Dutch Petroleum, Schering-Plough, Sea Containers, Sepracor, SGC Systems, Shopko Stores, Solectron, Sun Microsystems, TMP Worldwide, US Industries, Viisage Technology, Williams Communications, and Wolohan Lumber.

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.

• Airline shares closed lower after the FBI reported that the man who attempted to blow up the American Airlines flight had explosives in his shoes.

• Security shares gained on the airline bomb scare.

• Oil shares closed higher on hope that OPEC's meeting on December 28th. will see oil production cuts of about 1.5 million barrels a day.

• Sun Microsystems gained 1.45% on an AG Edwards upgrade to a "strong buy".

• Affymetrix gained 6.23% after settling its patent infringement lawsuit with Incyte Genomics.

• The London Stock Exchange (LSE) closed higher today due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Ariba lost 1.49% after EDS filed a $20 million lawsuit against it so as to get out of their sales and marketing contract due to an Ariba contract breach.

• Schering-Plough gained 2.09% after announcing that the FDA has approved its Clarinex™, its long awaited follow up to its Claritin™. CIBC World Markets upgraded the stock to a "buy".

• SGC Systems gained 6.69% after acquiring Lucent Technologies' billing software unit for $300 million. Lucent Technologies, which paid $1.4 billion for the unit about 3 years ago, gained 1.33%.

• Internet security firm WatchGuard Technologies lost 31.80% today after reporting late Friday that its quarterly results will be worst than Wall Street was expecting.

• Sepracor gained 5.73% after DB Alex Brown upgraded it to a "strong buy".

• HotJobs.Com gained 2.48% after informing rival bidder TMP Worldwide that, TMP has 72 hours to sweeten its offer where it will be "favorable" to HotJobs' shareholders, or HotJobs will accept Yahoo's $436 million offer. TMP Worldwide gained 0.97%, while Yahoo! lost 1.48%.

• Loral Space gained 22.73% after extending the maturity date of $1.1 billion debt.