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THE "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---day Ninety--->

MARKET SUMMARY FOR TUESDAY DECEMBER 21ST. 1999

DOW INDUSTRIAL: 11200.54 = +56.27

NASDAQ: 3911.15 = +127.28

S & P 500: 1433.43 = +15.34

MOST ACTIVE STOCKS & SECTORS

The Federal Reserve Bank gave the markets what they wanted. Gainers included: 3Com, Abbot Labs., Amazon.com, Amgen, Bank of America, Bank One, Cisco Systems, Citigroup, CMGI, Compaq, Dell, Disney, GE, General Magic, Global Crossings, Honeywell, Intel, Internet America, Juno Online, Kroger Co., Madge Networks, Micron Tech, Microsoft, MicroWarehouse, Netzero, Nortel Networks, Novell, Oracle, Qwest Communications, Rite Aid, Sun Microsystems, Talk.Com, Tyco International, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • The Federal Reserve didn't raise interest rates, but indicated on a raise hike in February next year.
  • NASDAQ hit its 56th. high of the year, and closed above (a record) 3,900 points.
  • Internet and Bank holding companies were hot.
  • Bond prices had significant losses after the Federal Reserve announcement.
  • Qwest is moving its listings from NASADQ to the NYSE in hopes of avoiding price volatility.
  • Advancing issues barely outpaced declining issues on both the NASDAQ and NYSE.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Andover.Net, 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, FreeMarkets.Com, iBasis, Intel, Internet Capital Group, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Novellus System, 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, TriTel, Va Linux, 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 this rally to continue, at least sporadically till the end of the year. As such, we are still bullish on our picks.
  • We expect Technology & Banking issues to gain.
  • Retail (both Online & traditional stores) will do very well. This is their season.
  • Expect Internet ISPs, E-Commerce, and Portal sites to perform very well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •

<---day Eighty Nine--->

 MARKET SUMMARY FOR MONDAY DECEMBER 20TH. 1999

DOW INDUSTRIAL: 11144.27 = -113.16

NASDAQ: 3783.87 = +30.81

S & P 500: 1418.09 = -2.94

MOST ACTIVE STOCKS & SECTORS


The Dow closed lower; NASDAQ hit yet another record. Gainers included: Abbot Labs., Amazon.com, Amgen, AOL, Applied Materials, AT&T, CBIS, Cisco Systems, Dell, Electronic Arts (EA), GE, Genome Therapy, Internet Capital Group, Juno Online, Lucent Technologies, MCI Worldcom, Micron Tech, Novellus System, Oracle, Pepsico, Philips Morris, Qualcomm, Santa Cruz Operation (SCO), Star Telecomm, US Web, Xerox, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • NASDAQ hit its 55th. high of the year, as Internet (major portals & e-tailing sites) and Technology stocks gained. Trading volume however, continues to be lower.
  • Some Tech stocks didn't gain due to profit taking.
  • Telecommunications & Biotechnology companies rallied.
  • Yield (interest rate) on 30 year Bonds rose to a 2 year record, while the dollar dipped.
  • Chip making related issues posted strong gains.
  • Drug and financial issues were weak. Abbot Labs. bucked the trend - FDA approved its latest drug.
  • MERGER MANIA: Honeywell is to acquire Pittway Corp., while Burlington Northern Santa Fe is to merge with Canadian National Railway to form the largest rail company in North America; both Honeywell and Burlington Northern closed lower.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Andover.Net, 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, FreeMarkets.Com, iBasis, Intel, Internet Capital Group, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, Novell Networks, Novellus System, 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, TriTel, Va Linux, 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 Federal Reserve will not raise interest rates. As such, we expect this rally to continue and gain a broader mommentum.
  • Expect Technology & Banking issues to gain significantly after the Federal Reserve's release.
  • We are still bullish on our picks.
  • Retail (both Online & traditional stores) will do very well. This is their season.
  • Expect Portal sites to perform very well.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •

<---day Eighty Eight--->

 MARKET SUMMARY FOR FRIDAY DECEMBER 17TH. 1999

DOW INDUSTRIAL: 11257.43 = +12.54

NASDAQ: 3753.06 = +38.00

S & P 500: 1421.03 = +2.25

MOST ACTIVE STOCKS & SECTORS


The Markets sizzled due to housing start report. Gainers included: Adobe System, Alza Corp, Amgen, AT&T, CBIS, Cendent, Cisco Systems, Citigroup, Dell, eGreetings, Intel, Lucent Technologies, Microsoft, Novell Networks, Oracle, Qwest Communications, Sun Microsystems, and US Web.

MAIN REASONS FOR ACTIVITY

  • Housing starts dropped 2.3% in November.
  • Telecommunications companies rallied.
  • NASDAQ hit its 54th. record of the year, due to technology stocks.
  • Most Analysts believe the Federal Reserve won't raise rates on Tuesday, but February of next year.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Andover.Net, 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, FreeMarkets.Com, 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, TriTel, Va Linux, 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 this rally to continue.
  • We expect the economic news to spur bargain hunting.
  • Expect Technology & Banking issues to gain significantly because of the economic data.
  • Retail (both Online & traditional stores) will do very well. This is their season.
  • Expect Portal sites to perform; Thanks to the likes of Yahoo & Lycos.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •
<---day Eighty Seven--->

 MARKET SUMMARY FOR THURSDAY DECEMBER 16TH. 1999

DOW INDUSTRIAL: 11244.89 = +19.57

NASDAQ: 3715.06 = +93.11

S & P 500: 1413.32 = +5.45

MOST ACTIVE STOCKS & SECTORS

The Markets were up, despite a somber trade data. Gainers included: Be Incorporated, Cendent, Cisco Systems, CMGI, Compaq, DaimlerChrysler, Dell, FDX Holdings, ICIC Ltd., Infonet Services, Intel, Kmart, Lucent Technologies, Maxygen, MCI Worldcom, Microsoft, National Semiconductor, Philips Electronics NV, Qualcomm, SGL Carbon AG, Shorewood Packaging, STMicroelectronics, Sun Microsystems, Tyco International, Xpedior, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • The Trade Deficit hit a new high, mostly due to oil prices.
  • Decliners were above advancers on the NYSE.
  • NASDAQ hit its 53rd. highest close of the year, primarily due to technology stocks.
  • AOL is creating an alliance with Wal-Mart for cross marketing.
  • Microsoft is creating an alliance with Best Buy for cross marketing.
  • Internet holding company CMGI was rewarded for its lower-than-anticipated losses.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Andover.Net, 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, FreeMarkets.Com, 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, TriTel, Va Linux, 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 this rally to continue, and be more broader.
  • Oil prices will rally because the American Petroleum Institute (API) and the Energy Information Administration (EIA) reported a lower-than-anticipated oil inventory of the U.S.
  • Expect Technology & Banking issues to gain significantly because of the economic data.
  • Retail (both Online & traditional stores) will do very well. This is their season.
  • Expect Portal sites to perform; Thanks to the likes of Yahoo & Lycos.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •

<---day Eighty Six--->

 MARKET SUMMARY FOR WEDNESDAY DECEMBER 15TH. 1999

DOW INDUSTRIAL: 11225.32 = +65.15

NASDAQ: 3621.95 = +50.29

S & P 500: 1413.32 = +10.15

MOST ACTIVE STOCKS & SECTORS


The Markets rallied in heavy trading. Gainers included: Abbot Labs., Amazon.Com, Boeing, Citigroup, Dell, eCollege.Com, Excite@Home, Exxon Mobil, GRIC Communications, Healthwatch, Home Depot, Intel, Lucent Technologies, Merck, Micron Tech., Microsoft, Nortel Networks, Optio Software, Oracle, Pfizer, and Z Tel Techs.

MAIN REASONS FOR ACTIVITY

  • Microsoft & Intel, the new additions to the Dow, single handed carried the index.
  • Technology heavy NASDAQ had a heavy trading volume; the NYSE had more declining than advancing issues.
  • Microsoft has released its Windows 2000 OS to venders; Casio of Japan & Siemens of Germany plan to use Windows CE in their devices.
  • Oracle's earnings beat analysts' expectations by a wide margin.
  • U.S. Industrial Production (IP) for November grew Three bases points (0.3%), slightly above analysts' forecast, but within this year's average. Capacity utilization was at 81%, the highest in a year.
  • U.S. Housing starts will drop in 2000. This year, new and existing home sales will reach another record high, while home refinancing is low and could be depressed by year 2000.
  • Merck is red hot after a study shows its anti-cholesterol medicine (Zocor) can lower the risk of a heart attack a whopping 40%.
  • Pfizer is mounting a campaign to unseat Warner-Lambert's board, and it looks like investors are supporting the move. Pfizer (Canada) is to launch an educational health services web site.
  • AFTER THE CLOSE: Internet holding company CMGI reported better-than-anticipated earnings.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Andover.Net, 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, FreeMarkets.Com, 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, TriTel, Va Linux, 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 this rally to continue and be more broader, if the Trade Data is good.
  • Oil prices will rally because the American Petroleum Institute (API) and the Energy Information Administration (EIA) reported a lower-than-anticipated oil inventory of the U.S.
  • Expect Technology & Banking issues to gain significantly because of the economic data.
  • Retail (both Online & traditional stores) will do very well. This is their season.
  • Expect Portal sites to perform; Thanks to the likes of Yahoo & Lycos.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •

<---day Eighty Five--->

 MARKET SUMMARY FOR TUESDAY DECEMBER 14TH. 1999

DOW INDUSTRIAL: 11160.17 = -32.42

NASDAQ: 3571.66 = -86.51

S & P 500: 1403.22 = -12.05

MOST ACTIVE STOCKS & SECTORS


The Markets closed lower as inflation fears return to wall street. Gainers included: 3Com, Bank One, China.Com, Disney, GE, Informix, Kmart, Learn2.Com, Merck, Microsoft, Pfizer, Tritel, and Xerox.

MAIN REASONS FOR ACTIVITY

  • The Consumer Price Index (CPI) edged up One bases point (0.1%) in November (with little inflationary pressure), while Retail Sales rose a better-than-anticipated nine bases points (0.9%) in the same period; this was enough for interest rates hike fears.
  • The bond market rallied as investors looked for safer investments.
  • 3Com is to spin off its highly successful Palm Computer unit; AOL, Motorola, and Nokia are reportedly interested in a piece of the new company.
  • American Airlines is to spin off its profitable Sabre reservation unit.
  • Tritel, an AT&T wireless affiliate had a huge IPO pay day.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Andover.Net, 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, FreeMarkets.Com, 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, TriTel, Va Linux, 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 current data is not sufficient for us to take a cautionary route. We still have Industrial output and New Housing Starts data to be released this week. The retail sales data is simply not strong enough for us to dismiss the other economic barometers pointing to a healthy, sustainable growth with little inflationary influence.
  • 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 (both Online & traditional stores) will do very well. This is their season.
  • Expect Portal sites to perform; Thanks to the likes of Yahoo & Lycos.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •

<---day Eighty Four--->

 MARKET SUMMARY FOR MONDAY DECEMBER 13TH. 1999

DOW INDUSTRIAL: 11192.59 = -32.11

NASDAQ: 3658.17 = +37.93

S & P 500: 1415.22 = -1.82

MOST ACTIVE STOCKS & SECTORS

The Dow closed lower as the NASDAQ powered to another new high. Gainers included: Amgen, AOL, Applied Digital, Cisco Systems, ComDisco, Comm Intelligence, Compaq, Dell, Excite@Home, eToys, GE, Global Crossings, IBM, Intel, Kmart, Master Graphics, MCI Worldcom, Micron Tech, Microsoft, Nortel Networks, Paging Network, Qwest Communications, Rite Aid, Starbase Corp., Tyco International, Visx, Wal-mart, and Xerox.

MAIN REASONS FOR ACTIVITY

  • Profit taking in some of Friday's biggest gainers.
  • Retail Stores were boosted by a strong shopping season.
  • Oil services stocks rallied.
  • The NASDAQ hit a new high, despite a jittery market about the amount of economic data to be released this week.
PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Andover.Net, 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, FreeMarkets.Com, 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, Va Linux, 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 react based on the key economic data releases.
  • Retail Sales figures for November are due Tuesday.
  • Industrial Output figures will be out on Wednesday.
  • International Trade Data will be out on Thursday.
  • New Housing Starts figures will be out on Friday.
  • 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 (both Online & traditional stores) will do very well. This is their season.
  • Expect Portal sites to perform; Thanks to the likes of Yahoo & Lycos.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •

<---day Eighty Three--->

MARKET SUMMARY FOR FRIDAY DECEMBER 10TH. 1999

DOW INDUSTRIAL: 11224.70 = +89.91

NASDAQ: 3620.24 = +26.07

S & P 500: 1417.04 = +8.93

MOST ACTIVE STOCKS & SECTORS

What a day! Good inflation news pushed all the markets. Gainers included: Amazon.Com, AmeriTrade, AOL, Bank of America, Best Buy, CIENA, Cisco Systems, Citigroup, Coca Cola, Communications Intelligence, Compaq, Disney, El Sitio inc., Espeed inc., E*Trade, FreeMarkets.Com, GE, Global Crossings, Kmart, Knight/Trimark, Kroger, MCI Worldcom, Microsoft, Nortel Networks, Oracle, Pfizer, Philip Morris, Qwest Communications, Rite Aid, Silicon Graphics, Starbase Corp., Sun Microsystems, Tyco International, Wal-mart, Yahoo, and Zitel Corp.

MAIN REASONS FOR ACTIVITY

  • The Producer Price Index (PPI) rose a modest 2 bases points (0.2%), while the Core PPI, which many analysts thought will rise, had no change; this shows the economy is growing at a good rate without inflation in sight.
  • Oil prices and oil stocks declined today.
  • There was massive profit taking in Linux software companies, after yesterday's spectacular gains.
  • FreeMarkets.Com, a Business to Business auction site, had a red-hot IPO.
PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Andover.Net, 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, FreeMarkets.Com, 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, Va Linux, 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 this rally to continue Monday.
  • 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 (both Online & traditional stores) will do very well. This is their season.
  • Expect Portal sites to perform; Thanks to the likes of Yahoo & Lycos.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •

<--day Eighty Two--->

 MARKET SUMMARY FOR THURSDAY DECEMBER 9TH. 1999

DOW INDUSTRIAL: 11134.79 = +66.67

NASDAQ: 3594.17 = +8.09

S & P 500: 1408.11 = +4.23

MOST ACTIVE STOCKS & SECTORS


The Dow snapped a two day losing streak, as the NASDAQ set double records. Gainers included: AOL, Amazon.Com, Boeing, CMGI, Corel, Corning, Disney, Eastmen Kodak, Exxon Mobil, Gleason Corp., Home Depot, Jazztel PLC, Microsoft, NCI Building Systems, Reed International PLC, Robertson CECO, Sun Microsystems, Va Linux, Vertel, Wal-mart, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • NASDAQ hit a new index and trading volume record.
  • Technology sector stocks were hot.
  • Va Linux, a Linux software company had the highest ever IPO debut gain; this wasn't bad for other Linux companies like Corel.
  • Tyco International's accounting practices are being looked into by the SEC.
  • The Week ending November 29th., the M2 money supply rose a moderate $6.7 billion.
PICKS FOR THE NEXT MARKET DAY NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Andover.Net, 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, Va Linux, 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 Thursday's rally to continue Friday.
  • The Producer Price Index (PPI), due to be released Friday, will be in-line with recent economic data (non inflationary).
  • Linux related software companies should do well as we head into Year 2000.
  • 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 (both Online & traditional stores) will do very well. This is their season.
  • Expect Portal sites to perform; Thanks to the likes of Yahoo & Lycos.
  • Cable, Telecommunications, and Drugs stocks are a good buy.

    •

<---day Eighty One--->

MARKET SUMMARY FOR WEDNESDAY DECEMBER 8TH. 1999

DOW INDUSTRIAL: 11068.12 = -38.53

NASDAQ: 3586.08 = -0.84

S & P 500: 1403.88 = -5.29

MOST ACTIVE STOCKS & SECTORS

The Dow lost over 38 points, while NASDAQ lost a fraction. Gainers included: Agency.Com, AOL, Amazon.Com, Andover.Net, Cendent, CMGI, Exodus.Com, Kmart, Korn Ferry International, New York Times, Pillow Tex, Preview Systems, Safeguard Scientifics, Texas Instruments, Tribune, and Tyco International.

MAIN REASONS FOR ACTIVITY

  • Some profit taking on the NASDAQ pushed stocks down; NASDAQ hit an all time trading volume record of over 1.6 billion.
  • The Federal Reserve's "Beige Book" reported a moderate to strong economic growth. However, the growth was not inflationary.
  • The SEC ruled that the NYSE is to open up its inter-trade system (ITS) to market makers from NASDAQ and the ECNs in other to spur competitive pricing in stocks.
  • Oil futures bounced back moderately.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Andover.Net, 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

  • A strong rally is expected, due to a delayed reaction to the "Beige Book" report.
  • 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.

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