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THE "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---One Hundred--->

MARKET SUMMARY FOR WEDNESDAY JANUARY 5TH. 2000

DOW INDUSTRIAL: 11122.65 = +124.72

NASDAQ: 3877.84 = -23.85

S & P 500: 1402.14 = +2.72

MOST ACTIVE STOCKS & SECTORS


The Dow gained over 100 points, while the NASDAQ closed lower, the second day in a row. Gainers included: Amgen, Ariad Pharmaceuticals, Ashanti Goldfields, Bank of America, Boeing, Borden Chemical, Centura Software, Citigroup, Dell, Disney, Ecogen, EuroWeb, ExxonMobil, Global Crossing, Home Depot, IBM, InfoData Systems, Intel, Intuit, Kroger, MCI Worldcom, Merck, Microsoft, Novell, Pfizer, Priceline.Com, Salon.Com, SBC Communications, Schering-Plough, Smith Micro Software, Sun Microsystems, Terra Nitrogen, Thomaston Mills, and Xerox.

MAIN REASONS FOR ACTIVITY

  • The Dow gained as investors shifted investments into blue chip stocks like Energy, Mining, Utilities, etc. as interest rate fears continue to loom.
  • Factory orders in November rose a better-than-anicipated 1.2%.
  • Red Hat is to acquire Hell's Kitchen Systems, a privately held e-commerce payment processing software maker.
  • Salon.Com, the online news network, is to supply content to Red Hat's "Wide Open News".
  • Amazon.Com reported that Q4 earnings grew 150% to $650 Million, but inventory related cost was higher-than-anticipated; Amazon.Com was down today.
  • Priceline.Com reported records in both sales volume and subscription rate, and a narrowing of net losses; Priceline .Com gained today.
  • Gateway computers has an earnings warning for Q4; Gateway closed lower today.
  • Crude oil inventories din't drop as anticipated, reports the EIA and API This sets a very bearish tone for oil prices

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, Amazon, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Ask Jeeves, Be Incorporated, Centura Software, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Dell, ebay, Ecogen, E-piphany, ePlus, EuroWeb, Excite@Home, Finisar, Foundry Networks, FreeMarkets.Com, Glenayre Technologies, GRIC Communications, iBasis, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, New Tel, Novell Networks, Novellus System, Oracle, Pac-West Telecomm, PFS Web, Qualcomm, Red Hat, Sage, SDL inc., ShopNow.Com, Silicom Ltd., Smith Micro Software, SonicWall, Sun Microsystems, Sycamore Networks, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, 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, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), 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, Home Depot, 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, Schering-Plough, 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 are still bullish on our picks. As such, we view this drop as a time to snap up bargains.
  • Technology issues are hot, and will be for a while.
  • Expect Internet ISPs, E-Commerce, and Portal sites to perform very well.
  • Cable, Telecommunications, Banking, and Drugs (especially BioPharmaceutical) stocks will do well.

    •
  • Internet holding and capacity (storage) companies will do very well (check out our forecast).


<---day Ninety Nine--->

MARKET SUMMARY FOR TUESDAY JANUARY 4TH. 2000

DOW INDUSTRIAL: 10997.93 = -359.58

NASDAQ: 3901.30 = -229.85

S & P 500: 1399.42 = -55.80

MOST ACTIVE STOCKS & SECTORS

The NASDAQ suffered its biggest one day lost ever, as all the major indexes closed lower. Gainers included: Commerce One, Disney, FogDog.Com, General Magic, GlobalStar Telecommunications, Kroger, Netmanage, New Tel, Philip Morris, and Western Digital.

MAIN REASONS FOR ACTIVITY

  • Profit taking (to avoid higher 2001 taxes), Interest rate fears, and cautionary behavior on Internet stocks pushed the NASDAQ down to its highest single day losses ever; Interest rate fears also plagued the Dow.
  • Federal Reserve Chairman, Alan Greenspan was nominated for a fourth term; he is expected to be approved with minimal opposition.
  • FreeMarkets.Com lost one of its biggest accounts-GM; TradeXchange.Com, a joint venture between GM and Commerce One, will now handle GM's Business to Business purchases.
  • Sears Roebuck is reporting better-than-anticipated earnings.
  • FogDog reported 1999 earnings well higher than 1998 figures.
  • Morgan Stanley Dean Witter upgraded Disney to "Outperform".
  • Oil and Gold Futures closed lower on fears that Y2K stockpiles will soon flood the market.
  • Vehicle sales rebounded in November to over 17 million units.
  • New Tel, an Australian Internet service provider, is to start offering Internet and Portal services in China.
  • Construction spending grew a better-than-anticipated 3.0% in November.
  • Semiconductor sales grew a robust 24.6% in November.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, Amazon, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Dell, ebay, E-piphany, ePlus, Excite@Home, Finisar, Foundry Networks, FreeMarkets.Com, Glenayre Technologies, GRIC Communications, iBasis, Inktomi, Intel, Internet Capital Group, JDS Uniphase, Juniper Networks, Looksmart, MCI Worldcom, Microsoft, Netsolve, New Tel, 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, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, 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, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), 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 are still bullish on our picks. As such, we view this drop as a time to snap up bargains.
  • Technology issues are hot, and will be for a while.
  • Expect Internet ISPs, E-Commerce, and Portal sites to perform very well.
  • Cable, Telecommunications, Banking, and Drugs (especially BioPharmaceutical) stocks will do well.

    •
  • Internet holding and capacity (storage) companies will do very well (check out our forecast).


<---day Ninety Eight--->

MARKET SUMMARY FOR MONDAY JANUARY 3RD. 2000

DOW INDUSTRIAL: 11357.51 = -139.61

NASDAQ: 4131.15 = +61.84

S & P 500: 1455.22 = -14.03

MOST ACTIVE STOCKS & SECTORS

The NASDAQ started the Millenium on a high note, while the Dow lost. Gainers included: 3Com, Amazon.Com, Amgen, AOL, AT&T, Best Buy, Biomune System, Cisco Systems, CMGI, Compaq, Disney, ebay, EMC Corp., ePlus, E*Trade, Evans Systems, Excite@Home, Exodus Communications, FogDog.Com, GlobalStar Telecommunications, GRIC Communications, IBM, Iomega, Intel, JDS Uniphase, Lucent Technologies, Merck, NCR, Oracle, Philip Morris, Qualcomm, US Interactive, Xerox, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • Interest rates worries caused the Dow to close lower; Technology and Internets heavy NASDAQ started the millenium higher.
  • The NAPM index, which measures the growth of manufacturing, declined to 55.5% in December, slightly lower than analysts' targets.
  • Yields on 30-year US Treasury notes rose 6.6%, the highest increase in about two years.
  • The Euro gained almost 2% against the Dollar, due to good (European) economic news; The European Purchasing Managers's index rose to an all time high.
  • America Online (AOL) more than doubled its holiday sales from the previous period, as 1999 December holiday sales totalled a whopping $2.5 billion.
  • The principal holders of CEI inc. are to form a strategic alliance with Telefonica (Argentina) in a deal valued at $4.0 billion.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, Amazon, Amgen, Andover.Net, Apple, Applied Materials, Ariba, Ariel Corporation, Ask Jeeves, Be Incorporated, Charter Communications, Cisco Systems, CMGI, Cobalt Networks, Corel, Covad Communications, Cygnus, Dell, ebay, E-piphany, ePlus, Excite@Home, Finisar, Foundry Networks, FreeMarkets.Com, Glenayre Technologies, GRIC Communications, iBasis, Inktomi, 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, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, 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, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), 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 Dow to recover some of its losses and gain.
  • Technology issues are hot, and will be for a while.
  • Expect Internet ISPs, E-Commerce, and Portal sites to perform very well.
  • Cable, Telecommunications, Banking, and Drugs (especially BioPharmaceutical) stocks will do well.

    •
  • Internet holding and capacity (storage) companies will do very well (check out our forecast).

<---day Ninety Seven--->

MARKET SUMMARY FOR FRIDAY DECEMBER 31ST. 1999

DOW INDUSTRIAL: 11497.12 = +44.26

NASDAQ: 4069.31 = +32.44

S & P 500: 1469.25 = +4.78

MOST ACTIVE STOCKS & SECTORS

Both the Dow and NASDAQ closed the Millenium with a big bang. Gainers included: AT&T, Bio-Tech Gen., Cisco Systems, Communications Intelligence, Compaq, Corel, Cornerstone, Disney, eToys, Excite@Home, Firstar Corp., Global Crossing, GlobalStar Telecommunications, Golden Telecom, HealthCare Intergrated, Home Depot, Iomega, LightPath, Lockheed Martin, Loral Space, Lucent Technologies, MCI Worldcom, Network Associates, Novell, Qad, Qualcomm, Qwest Communications, Rite Aid, StarBase, Track Data, Tyco International, Waste Management, and Western Digital.

MAIN REASONS FOR ACTIVITY

  • Despite a short trading day, NASDAQ closed the millenium at its highest ever.
  • U.S. debt futures ended lower in light trading.
  • Walmart is revamping its web site to reflect its retailing muscle.
  • Some of the markets were closed.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, Amazon, Amgen, 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, Glenayre Technologies, iBasis, Inktomi, 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, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, 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, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), 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 on Monday (after a successful millenium celebration).
  • We expect Technology issues to soar the most, especially if there is little Y2K havocs.
  • Expect Internet ISPs, E-Commerce, and Portal sites to perform very well.
  • Cable, Telecommunications, Banking, and Drugs (especially BioPharmaceutical) stocks are a good buy.

    •

<---day Ninety Six--->

MARKET SUMMARY FOR THURSDAY DECEMBER 30TH. 1999

DOW INDUSTRIAL: 11452.86 = -31.80

NASDAQ: 4036.87 = -4.59

S & P 500: 1464.47 = +1.01

MOST ACTIVE STOCKS & SECTORS


Both the Dow and NASDAQ closed lower. Gainers included: 3Com, Act Networks, Agilent Technologies, Amgen, AOL, Bank of America, Castle Energy, Cisco Systems, Citigroup, CommTouch Software, Compaq, Dell, Disney, EggHead.Com, Executone Information Systems, Focus Enhancements, GlobalStar Telecommunications, HealthSouth, Internet America, Loral Space, Novell, Oracle, PerfectData, Philip Morris, Qiao Xing, Quintel Communications, StarBase, Sun Microsystems, TCSI, Tyco International, Visx, Waste Management, Xerox, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • Profit taking drove both the Dow and NASDAQ to close lower.
  • Chicago Purchasing Managers' Index (PMI) was a lower than anticipated 54.6%; this means manufacturing is growing modestly.
  • 30 year Bond prices rose.
  • Oil futures closed below the $26.00/barrel mark.
  • The Euro rallied against the dollar, while the dollar rose against the Japanese Yen.
  • M2 money supply for week ending December 20th. grew a modest $28.5 billion.
  • NASDAQ has confirmed they are in talks with the Montreal and Toronto Stock Exchanges for a possible partnership.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, Amazon, Amgen, 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, Glenayre Technologies, iBasis, Inktomi, 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, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, 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, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), 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 Dow might sputter, but we expect the NASDAQ to continue its gain for the rest of the year.
  • 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 (especially BioPharmaceutical) stocks are a good buy.

    •


<---day Ninety Five--->

MARKET SUMMARY FOR WEDNESDAY DECEMBER 29TH. 1999

DOW INDUSTRIAL: 11484.66 = +7.95

NASDAQ: 4041.46 = +69.35

S & P 500: 1463.46 = +5.80

MOST ACTIVE STOCKS & SECTORS

Both the Dow and NASDAQgained; NASDAQ closed above the 4000 mark. Gainers included: Agilent Technologies, Amazon.com, Amgen, AOL, Aquis Communications, Bank of America, Be Incorporated, Benetton Group, Cendant, Charles Schwab, China Tire, Cisco Systems, CompUSA, Dell, EggHead.Com, Ericsson, E*Trade, Glenayre Technologies, GlobalStar Telecommunications, HealthSouth, Inprise, Intel, Iomega, ISIS Pharmaceuticals, Jenny Craig, Kaiser Aluminium, Mattel, Microsoft, Monsanto, MP3.Com, National Discount Brokers, Oracle, Parametric, Philip Morris, Qualcomm, Quintel Communications, Sears Roebuck, Sun Microsystems, Trega BioSciences, Tyco International, USABancShares, and Waste Management.

MAIN REASONS FOR ACTIVITY

  • Technology heavy NASDAQ roared, closing above the 4000 mark, with Qualcomm leading the charge with 156 points gain; Qualcomm has a 4 for 1 stock split scheduled this week.
  • Index of leading Economic Indicators (LEI) grew Three bases points (0.3%) in November.
  • Metals futures and bond prices closed higher.
  • Oil futures closed lower at $26.47/barrel, after rumors started circulating that Venezuela is to ask OPEC to increase its output share; Venezuelan oil minister denied the rumors.
  • The Euro closed lower, despite a planned changeover this weekend.
  • A federal Judge issued a restraining order on "slow-down" maintenance workers at American Airlines.
  • The Benetton Group, a giant Italian clothing house announced plans to start marketing its wares on the web next year. Benetton hopes to make a strides in the US market.
  • Fourth quarter losses were forecasted by Caribiner International, CompUSA, Merisel, National Equipment, and Wells-Gardner.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Akamai Technology, Amazon, Amgen, 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, Glenayre Technologies, iBasis, Inktomi, 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, Tegal Corp., Telular Corp., Terra Networks, Trega BioSciences, 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 Dow might sputter, but we expect the NASDAQ to continue its gain for the rest of the year.
  • 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 (especially BioPharmaceutical) stocks are a good buy.

    •

<---day Ninety Four--->

MARKET SUMMARY FOR TUESDAY DECEMBER 28TH. 1999

DOW INDUSTRIAL: 11476.71 = +85.63

NASDAQ: 3972.09 = -3.29

S & P 500: 1457.67 = +0.57

MOST ACTIVE STOCKS & SECTORS


The Dow was the big gainer today, as the NASDAQ gave back its previous gains. Gainers included: 3Com, Agilent Technologies, AHP, ALZA corp., Amazon.com, Amgen, Ariba, Bank of America, Bell Atlantic, Cendant, China Prosperity, CIENA, Citigroup, Dow Chemical, ElCom International, eToys, Global Crossing, Internet Gold, Kyocera, Lucent Technologies, MCI Worldcom, Oracle, Pepsico, Philip Morris, Qiao Xing, Retek, Tandy Corp., Tegal Corp., and Waste Management.

MAIN REASONS FOR ACTIVITY

  • Profit taking on the NASDAQ drove the index lower.
  • Advancing issues barely outpaced decliners on the NYSE.
  • Consumer confidence in December was the highest in 31 years, reports the Conference Board.
  • Sales of existing homes rose 6% in November, reports the National Association of Realtors.
  • Business to Business Internet companies continue to post spectacular gains.
  • Herseys cuts its 1999 earnings forecast further.
  • Internet Gold, an ISP from Israel, is to team up with Microsoft to provide a Hebrew language Portal.
  • Bell Atlantic is being challenged in court by AT&T and Covad Communications (a high speed ISP), in an attempt to block it from the Multi-Billion Dollar New York Long Distance market.
  • Allianz AG (German insurance company) and the investment group Clayton, Dubilier and Rice is to buy Fairchild Aerospace.
  • Investcorp, a Bahrain investment group, is to acquire Josten.
  • Qiao Xing shares rose on speculation that the Guangdong provincial government of China will allow the firm to enter the CDMA Cell phone market; everything China was hot today.
  • The Christmas shopping data is in, and retailers are reporting stronger than anticipated sales; Amazon.Com and eToys issues barely closed higher.

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, Inktomi, 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, Tegal Corp., 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 Dow might sputter, but we expect the NASDAQ to continue its gain for the rest of the year.
  • 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 Ninety Three--->

MARKET SUMMARY FOR MONDAY DECEMBER 27TH. 1999

DOW INDUSTRIAL: 11391.08 = -14.68

NASDAQ: 3975.38 = +5.94

S & P 500: 1457.10 = -1.24

MOST ACTIVE STOCKS & SECTORS


The NASDAQ closed at yet another record high. Gainers included: Abbot Labs., Biomune System, Cisco Systems, CMGI, Commerce One, Corel, Disney, EMC Corp., E*Trade, GlobalStar Telecommunications, Intel, Interneuron, Loral Space, Microsoft, Nortel Networks, Pfizer, Qualcomm, Retek, S3 inc., Sun Microsystems, Tegal Corp., Tyco International, Walmart, Xerox, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • Profit taking drove the Dow lower.
  • NASDAQ hit its 59th. high; the 4000 mark now seem possible by December 31st.
  • Oil futures closed higher after Iranian officials hinted the OPEC might not raise production ceilings in their March 2000 meeting.
  • Bargain hunting swept the bond market as 30 year bond prices closed higher.
  • Rumor of a Yahoo! stock split pushed its issues higher.
  • Bio-Pharmaceutical and Business to Business Internet stocks rallied.
  • Forrester Research is reporting a greater-than-anticipated online shopping season. Nevertheless, e-tailing stocks closed lower; Brick and Mortar shopping stores are reporting a robust season (including their online units).

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, Inktomi, 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 Dow might sputter, but we expect the NASDAQ to continue its gain for the rest of the year.
  • 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 Ninety Two--->

MARKET SUMMARY FOR THURSDAY DECEMBER 23RD. 1999

DOW INDUSTRIAL: 11405.76 = +202.16

NASDAQ: 3969.44 = +32.14

S & P 500: 1458.35 = +22.22

MOST ACTIVE STOCKS & SECTORS



The Markets closed for the holidays on a very high note. Gainers included: Amgen, Bank of America, Boeing, BrightPoint, Bristol Meyers, Cendant, Cisco Systems, Citigroup, Compaq, Corel, Dell, Disney, Exxon Mobil, GemStar, GlobalStar Telecommunications, Honeywell, IBM, Intel, Kroger, Lucent, MCI Worldcom, Merck, Nextel Communications, Novell, Oracle, Oxis International, Pfizer, Philip Morris, Sun Microsystems, Tandy Corp., Tyco International, Xerox, and Zitel Corp.

MAIN REASONS FOR ACTIVITY

  • The rally was broader as people get ready for the holidays; this was really a seasonal rally.
  • NASDAQ hit its 58th. high, and actually touched the 4000 mark before withdrawing.
  • Drugs & Financials sectors joined the rally today.
  • The major Internet issues lost due mostly to profit taking.

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, Inktomi, 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 Dow might sputter, but we expect the NASDAQ to continue its gain for the rest of the year.
  • 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 Ninety One--->

MARKET SUMMARY FOR WEDNESDAY DECEMBER 22ND. 1999

DOW INDUSTRIAL: 11203.60 = +3.06

NASDAQ: 3937.30 = +26.15

S & P 500: 1436.13 = +2.70

MOST ACTIVE STOCKS & SECTORS

The Markets gained; the NASDAQ seem to have the 4000 mark in range. Gainers included: Amgen, Bank One, Burlington Northern Santa Fe, CareMark RX, Charter Communications, Chiron Corp., Clorox, CMGI, Colgate-Palmolive, Dell, Disney, Eastman Kodak, EuroWeb, GE, Genome Therapy, Internet Capital Group, Microsoft, Monsanto, Oracle, Pfizer, P&G, Talk.Com, TJX Co., Tyco International, Vivus, Xerox, and Yahoo.

MAIN REASONS FOR ACTIVITY

  • The major Drugs, Internet holding companies (incubators), and biotechnology stocks rallied.
  • NASDAQ hit its 57th. high, but declining issues outpaced advancers (including the NYSE).
  • Inflation resistant household consumer products sector rallied after GDP figures were revised.
  • The GDP figures for this third quarter were revised upward to a 5.7% growth, thus setting a bearish market tone.
  • The Dollar continued its slide against the Japanese Yen.
  • Bell Atlantic has been allowed by the FCC to provide long distance services.
  • Corel Corporation gave an earnings warning for 4Q.
  • The Chief Financial Officer (CFO) of Microsoft is leaving for a CEO position with a Canadian Networking and Telecommunications company.

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-We