"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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