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 "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---day Eighty--->

MARKET SUMMARY FOR TUESDAY DECEMBER 7TH. 1999

DOW INDUSTRIAL: 11106.65 = -118.36

NASDAQ: 3586.92 = +40.91

S & P 500: 1409.17 = -14.17
MOST ACTIVE STOCKS & SECTORSThe Dow lost, while NASDAQ closed at a new high-again. Gainers included: AirNet Communications, AT&T, Autozone, Celestica, Cendent, CIENA, Cisco Systems, Cygnus, Dell, International Game Technologies, Kroger, Mirage International, Network Equipment Technologies, OmniCom Group, Qualcomm, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • Technology stocks soared.
  • Third quarter productivity figures were revised upward.
  • The Bond market rallied on account of the revised figures.
  • U.S. labor costs were down.
  • The U.S. dollar closed up higher against the major currencies.
  • Drug stocks were weak; Oil futures closed lower too.
PICKS FOR THE NEXT MARKET DAYNASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, PFS Web, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., SonicWall, Sun Microsystems, Sycamore Networks, Telular Corp., Terra Networks, V One Corp., and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Bausch & Lomb, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
  • The markets will rally as the Federal Reserve's "Beige Book" shows an economy growing at a good rate.
  • We expect Technology & Banking issues to gain significantly because of the economic data.
  • Oil prices will continue to be high (between $24.00-$29.00) until March 2000.
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.


<---day Seventy Nine--->

MARKET SUMMARY FOR MONDAY DECEMBER 6TH. 1999
DOW INDUSTRIAL: 11225.01 = -61.17

NASDAQ: 3546.01 = +25.38

S & P 500: 1423.34 = -9.96
MOST ACTIVE STOCKS & SECTORS
The Dow closed lower, while NASDAQ closed at a new high. Gainers included: AOL, Cisco Systems, Clorox, CMGI, Compaq, Esco Electronics, GM, GM "H", Internet Communications, Jenny Craig, Motorola, Nokia, Pittston Brinks, Qualcomm, Rite Aid, Sun Microsystems, Texas Instruments, and Yahoo.

MAIN REASONS FOR ACTIVITY
  • Profit taking after Friday's stellar performance.
  • The bond market rallied on news of Japan's economy.
  • Oil futures rose well above $26.00/barrel.
  • AT&T is to have a tracking stock for its wireless ventures; the company is also opening up its high speed cable systems to competitors (for a fee of course).
PICKS FOR THE NEXT MARKET DAY
NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, PFS Web, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., SonicWall, Sun Microsystems, Sycamore Networks, Telular Corp., Terra Networks, V One Corp., and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Bausch & Lomb, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
  • We expect the markets to rally, at least till new economic data is released on Wednesday.
  • The Federal Reserve's "Beige Book" will be released Wednesday, while the Producer Price Index (PPI) figures are due on Friday; expect these figures to show a slowing economy (and a market rally).
  • Oil prices will continue to be high (between $24.00-$29.00) until March 2000.
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.


<---day Seventy Eight--->

MARKET SUMMARY FOR FRIDAY DECEMBER 3RD. 1999
DOW INDUSTRIAL: 11286.18 = +247.12

NASDAQ: 3520.63 = +67.85

S & P 500: 1433.30 = +24.26
MOST ACTIVE STOCKS & SECTORS
The Markets went wild on very good economic news. Both the NASDAQ and the S&P 500 hit new highs, while the Dow ended movements away from it all time high. Gainers included: 99 Cents Only Stores, Aetna, Alcatel, AT&T, Bank of America, Bell South, Carnival Cruises, Cisco Systems, Citigroup, Compaq, Dell, FreeShop.Com, GeneLogic, Hewlett-Packard, IBM, Intel, Lucent Technologies, MCI Worldcom, Microsoft, Mirage Resorts, National Semiconductor, NCL Holdings AS, Nokia, Oracle, Pfizer, Premier Farnell PLC, Qualcomm, StarTek, Sun Microsystems, and Yahoo.

MAIN REASONS FOR ACTIVITY
  • The Unemployment rate grew at a very lower-than-anticipated rate of One bases point (0.1%).
  • November unemployment held steady at 4.4%; this is a sign that there is no wage inflation to worry about. Because of these two major pieces of information, the markets went wild with the NASDAQ and the S&P 500 hitting new highs.
  • Banking stocks gained due to the unemployment news.
  • The Bond market also rallied, since the economy seems to be growing at a good pace.

PICKS FOR THE NEXT MARKET DAYNASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, PFS Web, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., SonicWall, Sun Microsystems, Sycamore Networks, Telular Corp., Terra Networks, V One Corp., and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Bausch & Lomb, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
  • This rally will continue pending more economic data releases on Wednesday to Friday.
  • The Federal Reserve's "Beige Book" will be released Wednesday, while the Producer Price Index (PPI) figures are due on Friday; expect these figures to show a slowing economy (and a market rally).
  • Oil prices will continue to be high (between $24.00-$29.00) until March 2000.
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.


<---day Seventy Seven--->

MARKET SUMMARY FOR THURSDAY DECEMBER 2ND. 1999
DOW INDUSTRIAL: 11039.06 = +40.67

NASDAQ: 3452.78 = +99.07

S & P 500: 1409.04 = +11.32
MOST ACTIVE STOCKS & SECTORS
The Markets rallied for the second day in a row. Thanks to Technology Stocks, the NASDAQ set a new record. Gainers included: Aetna, Analog Devices, AOL, AT&T, Bausch & Lomb, Cisco Systems, Compaq, Catalina Marketing, Dell, Digimarc, Intel, Lucent Technologies, McAfee.Com, MCI Worldcom, Microsoft, NCL Holdings AS, Oracle, Pe Corp.-Celera Genomics, Pepsico, Pfizer, PFS Web, Qualcomm, Sun Microsystems, and Yahoo.

MAIN REASONS FOR ACTIVITY
  • Technology loaded NASDAQ hit a new high as Tech stocks soared.
  • Biotechnology stocks also gained because of their progress in Genome technology.
  • The Euro fluctuated to an all-time low against the U.S. dollar.
  • New Home Sales grew briskly in November.
  • Retail sales in first half of November were dismal, but gained momentum in the last half.
  • Week ending November 22nd., the M2 money supply rose $25.7 billion.
  • Ford Motor Company had its best November since 1980, as sales grew a robust 8.0%.

PICKS FOR THE NEXT MARKET DAYNASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, PFS Web, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., SonicWall, Sun Microsystems, Sycamore Networks, Telular Corp., Terra Networks, V One Corp., and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Bausch & Lomb, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
  • We expect the markets to rally based on the encouraging economic news.
  • Technology & Internets will gain due to Yahoo's "promotion"; these stocks are cheap right now.
  • The meteor rise of Linux related companies is not a mirage. The well established Linux names (especially Red Hat),  will buy out the smaller players and "firm" the field.
  • Oil prices will continue to be high (between $24.00-$29.00) until March 2000.
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.


<---day Seventy Six--->

MARKET SUMMARY FOR WEDNESDAY DECEMBER 1ST. 1999
DOW INDUSTRIAL: 10998.39 = +120.58

NASDAQ: 3353.71 = +17.55

S & P 500: 1397.72 = +8.65
MOST ACTIVE STOCKS & SECTORSThe Markets rallied on economic good news. However, the decliners outpaced advancers again. Gainers included: AmeriTrade, Analog Devices, AOL, Bausch & Lomb, Boise Cascade Office Products, Cadillac Fairview, Cisco Systems, Citigroup, Compaq, Dell, Exxon Mobil, GE, Hilton Hotels, JDS Uniphase, Lucent Technologies, MicroAge, Microsoft, NCL Holdings AS, News Corp., Philip Morris, Qualcomm, StarTek, Telular Corp., United Technology, and Yahoo.

MAIN REASONS FOR ACTIVITY
  • Purchasing Managers' Index (PMI) grew modestly (non-inflationary) last month; good news on the Inflation front.
  • The Leading Economic Indicators (LEIs) held steady last period; another piece of good news on the Inflation front.
  • Federal Reserve Governor Laurence Meyer lamented about the dangers of a very low unemployment rate, and the need of interest rates hikes to keep it in check.
  • Most analysts are convinced the December 21st. meeting of the Federal Reserve won't be dominated on the need to hike rates, at least for the rest of the year.
  • Decliners outpaced advancers again.
  • Yahoo! made a big splash today; welcome to the S&P 500, Yahoo!
PICKS FOR THE NEXT MARKET DAY
NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., SonicWall, Sun Microsystems, Sycamore Networks, Telular Corp., Terra Networks, V One Corp., and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
  • We expect the markets to rally based on the encouraging economic news.
  • Technology & Internets will gain due to Yahoo's "promotion"; these stocks are cheap right now.
  • The meteor rise of Linux related companies is not a mirage. The well established Linux names (especially Red Hat),  will buy out the smaller players and "firm" the field.
  • Oil prices will continue to be high (between $24.00-$29.00) until March 2000.
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.


<---day Seventy Five--->

MARKET SUMMARY FOR TUESDAY NOVEMBER 30TH. 1999
DOW INDUSTRIAL: 10877.81 = -70.11

NASDAQ: 3336.16 = -85.21

S & P 500: 1389.07 = -18.76
MOST ACTIVE STOCKS & SECTORSThe Stock markets dropped two days in a row. Gainers included: American Express, Blockbuster, Citigroup, Citrix Systems, Conseco, Linen & Things, Micron Technology, Microsoft, Mobil, Old Kent Financial, Philip Morris, Silicom Ltd., Three Five Systems, United Technology, V One Corp., and Weis Markets.
MAIN REASONS FOR ACTIVITY
  • Profit taking in Technology stocks pushed the NASDAQ down.
  • Bond market gained despite inflation fears.
  • The Consumer Confidence for November is stronger-than-anticipated; not an encouraging sign for the economy (this is an inflationary sign).
  • Oil futures dropped more than a dollar today.
  • The Exxon-Mobil merger was approved.
  • Linux products developers had a strong day.
  • AFTER THE CLOSE NEWS: Yahoo! is to Join the S&P 500.
PICKS FOR THE NEXT MARKET DAY
NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., SonicWall, Sun Microsystems, Sycamore Networks, Terra Networks, V One Corp., and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
  • Technology & Internets will gain due to Yahoo's "promotion"; these stocks are cheap right now.
  • We expect an announcement from the major central banks. Expect something positive enough to rally the markets.
  • The meteor rise of Linux related companies is not a mirage. The well established Linux names (especially Red Hat),  will buy out the smaller players and "firm" the field.
  • Oil prices will continue to be high (between $24.00-$29.00) until March 2000.
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

<---day Seventy Four--->

MARKET SUMMARY FOR MONDAY NOVEMBER 29TH. 1999
DOW INDUSTRIAL: 10947.42 = -40.99

NASDAQ: 3421.37 = -26.44

S & P 500: 1407.83 = -8.79
MOST ACTIVE STOCKS & SECTORS
The Stocks & Bonds markets slided. Gainers included: AMD, AT&T, Best Buy, CMGI, Compaq, Corel, Dell, Disney, GM, GM "H", Maytag, Pfizer, Sun Microsystems, and Walker Interactive Systems.

MAIN REASONS FOR ACTIVITY
  • The Currency markets were active as the Yen gained against the dollar, while the Euro keeps sliding with no stop in sight; Analysts are worried a strong Yen can lead to investment transfer from U.S. capital markets to Japan's, and the creation of more inflationary pressures on U.S. economy.
  • Banking stocks performed poorly due to inflation fears.
  • Existing Homes Sales dropped 6.6% in October; a very hopeful sign.
  • U.S. investments in Mutual Funds grew robustly in October (especially in funds that invest abroard).
  • Rumors are, Red Hat to make a bid for Corel, its Linux rival.
PICKS FOR THE NEXT MARKET DAY
NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, SonicWall, Sun Microsystems, Sycamore Networks, Terra Networks, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.
REASONS BEHIND THE PICKS
  • The data on existing homes sales, and the willingness of U.S. , Japan, and European central bankers to stabilize their currencies will help the markets rally.
  • Inflation fears are understandable, but shouldn't be overblown.
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.


<---day Seventy Three--->

MARKET SUMMARY FOR FRIDAY NOVEMBER 26TH. 1999

DOW INDUSTRIAL: 10988.91 = -19.26

NASDAQ: 3447.81 = +27.31

S & P 500: 1416.62 = -0.46
MOST ACTIVE STOCKS & SECTORS
The Markets were opened only half the day. The Dow lost, while NASDAQ set another record in light trading. Gainers included: Amazon.Com, Ariel Corp., Ashford.Com, AT&T, Atlantic Richfield, British Sky Broadcasting, Cisco Systems, Citigroup, IBM, JDS Uniphase, Lucent Technologies, MediaOne Group, Micron Technology, National Westminster Bank, Philips Electronics, Pioneer Corp., Qualcomm, Sun Microsystems, Telular Corp., Texas Instruments, Thomson Multimedia, Toys'R'Us, Vodafone Airtouch, and Westpoint Stephens.

MAIN REASONS FOR ACTIVITY
  • A half (and light) day of trading, and a new NASDAQ record.
  • Personal Income grew a greater-than-anticipated 1.3% in October. With the GDP increases and a strong consumer confidence heading into the holiday season, we might just have an economy gathering momentum.
  • Wireless and energy issues were hot; Energy was hot due to comments from ABN Amro brokerage.
  • AT&T is considering a tracking stock for its non-core business holdings.

PICKS FOR THE NEXT MARKET DAYNASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, Qualcomm, Sage, SDL inc., ShopNow.Com, SonicWall, Sun Microsystems, Sycamore Networks, Terra Networks, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

  • Expect some precautionary behaviors in the market as more data shows the economy ready to overheat.


<---day Seventy Two--->

MARKET SUMMARY FOR WEDNESDAY NOVEMBER 24TH. 1999
DOW INDUSTRIAL: 11008.17 = +12.54

NASDAQ: 3420.50 = +77.63

S & P 500: 1417.08 = +12.44
MOST ACTIVE STOCKS & SECTORS
The Markets closed for Thanksgiving on a very strong note, despite looming fears. Gainers included: Amazon.Com, AOL, Ariel Corp., AT&T, Avon Products, Black & Decker, Cisco Systems, Compaq, Dell, Disney, Enron, Gillette, Hewlett Packard, Hormel Foods, Intel, JDS Uniphase, Lexmark International, Microsoft, Pfizer, Qualcomm, Scientific Games Holding, Sun Microsystems, Thomson Multimedia, Time Warner, Visual Data Corp., and Yahoo.

MAIN REASONS FOR ACTIVITY
  • Technology heavy NASDAQ set a new record by closing above the 3400 mark.
  • Trading wasn't heavy, and analysts didn't react adversely to the GDP data-at least not yet.
  • Third Quarter GDP rose well higher-than-anticipated by 5.5%. Combined with rising oil prices, inflation fears are emerging again.
  • Enron is to acquire a Columbia gas unit.
  • Gold prices rose, while the bond market dropped.
  • Some analysts are expressing fears about this bull market; declining issues are outpacing advancing issues too frequently-a sign that few major stocks are moving the market.

PICKS FOR THE NEXT MARKET DAY
NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, Qualcomm, Sage, SDL inc., ShopNow.Com, SonicWall, Sun Microsystems, Sycamore Networks, Terra Networks, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
  • Retail and Banking stocks will now have the floor. This is their season.
  • Internet shopping and major Portal sites will do well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

  • The market might likely react negatively to the GDP data.

<---day Seventy One--->

MARKET SUMMARY FOR TUESDAY NOVEMBER 23RD. 1999DOW INDUSTRIAL: 10995.63 = -93.89

NASDAQ: 3342.87 = -49.69

S & P 500: 1404.64 = -16.30
MOST ACTIVE STOCKS & SECTORSThe Markets dropped due to profit taking. Gainers included: Amazon.Com, AMCOL international, AOL, Best Buy, Cisco Systems, Coca Cola, Delta, deltaThree.Com, Digital Impact, ebay, Flour Corp., Gillette, JDS Uniphase, Kent Electronics, Nokia, OpenTV, Pfizer, Qualcomm, Royal Group Tech, Sun Microsystems, and UPS.

MAIN REASONS FOR ACTIVITY
  • Profit taking after yesterday's rally.
  • Pfizer has filed suit against Warner-Lambert for cancelling their joint deal on Lipitor-Pfizer stocks rose, while Warner-Lambert & AHP dropped.
  • Price of Oil futures eased back to below $27.00 per barrel.
  • Coca Cola has rallied two days in a row due to positive comments from some brokerage houses.
  • The October orders for durable goods fell to a Two-year-low, well below analysts's expectations; a sign the economy is slowing down (as the Federal Reserve wanted).
  • AFTER MARKET NEWS: Mobil is to sell its gas stations before the government can approve its merger with Exxon.
PICKS FOR THE NEXT MARKET DAYNASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Apple, Applied Materials, Ariba, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Covad Communications, Dell, E-piphany, Excite@Home, Finisar, Foundry Networks, iBasis, Intel, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Oracle, Pac-West Telecomm, Qualcomm, Sage, SDL inc., ShopNow.Com, SonicWall, Sun Microsystems, Sycamore Networks, Terra Networks, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, AT&T, BP Amoco, British Telecom (BT), Bank of America, Bank One, Cable & Wireless, Celestica, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Dominion Resources, Donaldson Lufkin, Dow Chemical, E.I. Dupont, El Paso Energy, EMC Corp., Exxon, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Legg Mason, Lucent Technologies (LU), Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, Pfizer, P&G, Philip Morris, Provident Bank, Prudential, SBC Communications, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Walmart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.
REASONS BEHIND THE PICKS
  • The GDP report for the Third Quarter is due this Wednesday; the market will react based on this announcement and the durable goods report.
  • Technology and Internet Portals will gain after the profit taking pause.
  • Cable, Telecommunications, Retailing, Drugs, and some Banking stocks are a good buy.

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