Daily market summary and stock picks

DOW INDUSTRIAL: 11350.99 = -138.37

NASDAQ: 4189.51 = +38.22

S & P 500: 1445.48 = -10.42

The NASDAQ rallied to another record close, as the Dow closed lower for the third day in a row. Gainers included: Altera, Ansaldo Signal, Apple, Applied Digital, Avista Corp., Chyron Corp., Cisco Systems, Compaq, Counsel Corp., CVC inc., Cytoclonal, Cytotherapeutic, Dell, Enron, Envirogen, Enzo BioChem, Fairchild Sem., Fruit of the Loom, General Cigar Holding, Global Crossing, Healtheon.Com, IBM, Informix, Ixos Software, JDS Uniphase, Lightpath Technologies, Lucent Technologies, MEMC Electronics, Oracle, Perot Systems, Qualcomm, Quanta Services, RELM Wireless, SBC Communications, Sun Microsystems, Time-Warner, and Vivus.

Technology stocks rallied the NASDAQ to yet another new record high.
Apple, AOL, GE, and Sears Roebuck & co. reported earnings well above expectations.
The major components of the Dow recorded huge losses; P&G, a Dow component, lost as investors weren't flattered about its talk of acquiring Warner-Lambert and AHP drug companies.
US Trade deficit for November rose a record $26.5 billion.
Unemployment claims for week ending January 15th. dropped 39,000, signalling tight and inflationary labor market.
Bill Gates disclosed in SEC filings that he holds over 5% stake in Avista Corp., a northwestern US gas and energy corporation.
Sun Microsystems won a $350 million contract with Enron's Internet communications unit.
RELM Wireless and Hitachi Denshi Corp. of Tokyo will co-develop and market wireless communication devices for the worldwide market.

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, 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, Cytogen Pharmaceutical, 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, Panja, 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, Venture Catalyst, 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, Convergys, 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, PE Corp, 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.

DOW INDUSTRIAL: 11489.36 = -71.36

NASDAQ: 4151.27 = +20.46

S & P 500: 1455.96 = +0.82

The NASDAQ rallied as the Dow closed lower for the second day in a row. Gainers included: Amgen, AOL, Applied Digital, Boeing, Charter Communications, Chase Manhattan, Cisco Systems, Citigroup, CMGI, Comcast, Corel, GeoWorks, Informix, Intelect Communications, International Fibercom, JDS Uniphase, Kmart, Lucent Technologies, MCI Worldcom, Oracle, Pfizer, Philip Morris, Qualcomm, Raytheon, Schering-Plough, Sun Microsystems, Time-Warner, and Western Digital.

Technology stocks rallied (some were down due to profit taking); NASDAQ, the technology heavy exchange, gained to a new record high.
AMR, Bear Stearns, Boeing, Chase Manhattan, Delphi Automotive, DLJ, E*Trade Group, FleetBoston Financial, UAL, United Technologies, and Warner Lambert reported Q4 earnings above expectations.
FreeMarkets.Com, the business to business auction site, doubled its clients in Q4.
IBM Europe, Middle East and Africa Q4 revenues dropped 15%; overall, IBM still did better than was anticipated for the quarter.
Yupi, the Spanish language Portal, is filing for an IPO.
The Federal Reserve "Beige Book", the official report from the Twelve districts, had a bullish and upbeat tone.
U.S. Debt futures gained.
Oil futures continue to edge up higher.
Housing starts rose a higher than anticipated 7.1% in December.
The Federal Reserve's Federal Open Market Committee (FOMC), the body that influences interest rates, will now make more information available after every policy meeting so as to help people know where the body is heading (bias).

DOW INDUSTRIAL: 11560.72 = -162.26

NASDAQ: 4130.73 = +66.46

S & P 500: 1455.23 = -9.92

The NASDAQ rallied as the Dow closed lower. Gainers included: 3Com, Amgen, APT Satellite, Cameron Ashley, Cisco Systems, Coca Cola, Comcast, Compaq, Convergys, Cort Business, Disney, Dynamic Health, Enzo Biochem, E-Tek Dynamics, Exodus Communications, ExxonMobil, FieldWorks, GM, Halliburton, JDS Uniphase, Lightpath Technologies, LJL BioSystems, MedTronic, Microsoft, Nextel Communications, Oracle, Quintiles, ShopNow.Com, Strayer Education, Sun International Hotels, Sun Microsystems, Tyco International, ViroPharmaceutical, Vodafone Airtouch PLC., Voxware, Wal-mart, Western Digital, Xilinx, and Xybernaut.

Technology stocks rallied due to strong earnings expectation; NASDAQ, the technology heavy exchange, gained.
Unisys, JP Morgan, Pfizer, Tyco International, Bank of New York, Paine Webber, and Charles Schwab have reported Q4 earnings above expectations; Citigroup's profits were up a whopping 86% in Q4, well above expectation.
AFTER CLOSE: Microsoft reported Q2 earnings of 47 cents a share, five cents above analysts' expectations.
Motorola, Abbot Labs, Mellon Financial, and Bank of America met Q4 earnings expectations.
Wells Fargo, and U.S. Bancorp reported Q4 earnings below expectations.
U.S. Debt futures closed lower, while commodity prices closed higher.
Oil futures rose sharply as a cold spell hits Northeastern U.S., and OPEC not showing signs of increasing production.
Mannesmann AG of Germany is in talks with Vivendi of France on possible mutual products development.
Berkshire Hathaway & group have the go ahead from the Illinois utility commission to acquire MidAmerica Energy Holdings Co.
ShopNow.Com is to acquire AXC interactive, and e-commerce software manufacturer; ShopNow is also launching a business to business portal called b2bNow.Com.
JDS Uniphase is paying $15 billion to acquire Enron.
El Paso Energy is to acquire Coastal Corporation for $16 billion.
NAHB reported that the Housing Market Index (HMI) is at 71 in January, this indicates a slowing but still strong housing market.

DOW INDUSTRIAL: 11722.98 = +140.55

NASDAQ: 4064.49 = +107.28

S & P 500: 1465.21 = +15.53

The Markets rallied again as the Dow hit a new high, while the NASDAQ closed above 107 points two days in a row. Gainers included: AMD, American Business Products, Amgen, Applied Imaging, Applied Materials, AT&T, Avista Corp, Bank of America, Bank One, Biora AB, BMC Software, Charles Schwab, Chase Manhattan, Citigroup, Comcast, Corel, Dell, Ebookers.Com, Enzo Biochem, E*Trade, General Magic, Heilig-Myers, Huntco, IBM, Intel, JMar Tech., Lectec Corp, Network Connection, Oracle, Panja, PE Corp, Pfizer, Qwest Communications, Rudolph Technologies, SBC Communications, Schering-Plough, Sunbeam, Sun Microsystems, Sunrise Tech., Tyco International, Warner Lambert, Xetel, Xilinx, and Yahoo!.

US Consumer Price Index (CPI) rose 0.2% in December, lower than analysts' expectations.
Brokerage (and some commercial) Banking issues rallied as analysts expect high earnings reports for Q4 next week.
Feds Chair Alan Greenspan expressed concern about the huge rise in equity prices that is padding household wealth (Wealth effect), and the increased total demand that the economy can't handle, thus putting inflationary pressures in place. However, Greenspan's speech seem to indicate the Federal Reserve (FOMC) will raise rates only about 0.25%; analysts seem to welcome this as the markets rallied.
Computer chip makers closed higher due to Intel's blockbuster earnings.
US Industrial Output rose 0.4% in December, in line with analysts' expectations.
US Business Inventories grew 0.9% in November, well above analysts' expectations.
Mannesmann AG is thinking of an IPO for its Internet concerns in hopes of fighting off Vodafone Airtouch PLC.

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, 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, Cytogen Pharmaceutical, 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, Panja, 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, Venture Catalyst, 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, PE Corp, 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.

DOW INDUSTRIAL: 11582.43 = +31.33

NASDAQ: 3957.41 = +107.39

S & P 500: 1449.68 = +17.43

The Markets rallied as the Dow set a new high. Gainers included: AHP, Amazon.Com, Amgen, AOL, Apple, Bank of America, Bank One, Charles Schwab, Cisco Systems, Citigroup, CMGI, Compaq, Dell, Disney, ELot, Eshed Robotec, Etec Systems, E*Trade, Evans Systems, Excite@Home, ExxonMobil, Global Crossing, HealthSouth,JDS Uniphase, JP Morgan, Kroger, Lucent Technologies, MCI Worldcom, Netzero, P Com, PeopleSoft, Pfizer, Philip Morris, Qualcomm, Qwest Communications, Rite Aid, Staples, Sun Microsystems, Synbiotics, Techniclon, Telecomunicacoes de Sao Paulo SA, Time-Warner, Tyco International, Venture Catalyst, and Warner Lambert.

US Producer Price Index (PPI) rose 0.3% in December, right with analysts' expectations; this wholesale price increase excluded oil.
Banking and Financial issues rallied as bond yields dropped.
Some Technology and Internet issues rallied as the NASDAQ rose above 100 points.
Oil and Pharmaceutical stocks closed strong.
It is now official: Retail sales rose 1.2% in December, well above analysts' expectations.
Bank of England raised its lending rates by 0.25%; analysts expect other Central Banks around the world to do the same.
Intel posted better-than-anticipated Q4 earnings.
Charles Schwab is paying $2.7 billion for US Trust, the Investemt banking firm for the wealthy.
Qwest Communications is to provide high speed private lines for First Communications for 3 years at $36 Million.
Warner Lambert has decided to consider the hostile bid of Pfizer, thereby abandoning the merger plans with AHP.
South American Deposit Receipts (ADRs) gained as Brazilian and Argentine Telecommunications shares soared.

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, 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, Cytogen Pharmaceutical, 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, Venture Catalyst, 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.

DOW INDUSTRIAL: 11551.10 = +40.02

NASDAQ: 3850.02 = -71.17

S & P 500: 1432.25 = -6.31

The NASDAQ lost again on interest rate fears. Gainers included: AAR Corp., Aksys Ltd., Ariad Pharmaceutical, AT&T, Bell & Howell, Cable & Wireless PLC., Cendant, Citigroup, Columbia/HCA, Compaq, Compuware, Cypress Semiconductor, EMC Corp., GE, Global Crossing, Govt. Tech., Groupe AB, Hahn Automotive, IBM, ISIS Pharmaceuticals, Intel, McDonald's, MCI Worldcom, Merck, MSC Industrial Direct, Nextel Comm., Pfizer, Philip Morris, ShopNet.Com, Sprint, and Tejan Ranch.

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, 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, Cytogen Pharmaceutical, 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.

DOW INDUSTRIAL: 11511.08 = -61.12

NASDAQ: 3921.19 = -128.48

S & P 500: 1438.56 = -19.04

The NASDAQ and the Dow closed lower. Gainers included: Allen Telecom, Altair International, Ariad Pharmaceutical, Ashanti Goldfields, Budget, CellNet Data, Citigroup, CliniChem, Compaq, Compuware, Discovery Labs., Disney, Groupe AB, Healthsouth, IBM, ICIC Ltd., Intel, Iomega, JD Edwards, McDonald's, McKesson HBOC, MSC Industrial Direct, Philip Morris, Realax Software, Technical Chemicals & Products, Urocor, and Vista Medical Technologies.

Interest rate fears and earnings reports due this week set a cautionary tone to the market.
30 year US Treasury Bond yields rose to their highest level in over two years.
The Dollar gained against the Yen, but fell against the Euro.
US Wholesale inventories in November grew 1.1%, well above analysts' expectations.
Vodafone Airtouch Plc. is teaming up with myriads of hand held device manufacturers and Internet Portals to provide content for its subscribers; Mannesmann, the German conglomerate Vodafone has been courting, wasn't impressed.
AFTER CLOSE: Yahoo! reported Q4 earnings of 19 cents per diluted share, well above analysts' expectations. Yahoo! also reported that, 1999 unique traffic doubled the 1998 rate, and the Portal had over 460 million page views a day in December 1999 (that's correct, it is not a typo).
McKesson sold its Water unit for over One Billion dollars.

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, 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, Cytogen Pharmaceutical, 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.

DOW INDUSTRIAL: 11572.20 = +49.64

NASDAQ: 4049.67 = +167.05

S & P 500: 1457.60 = +16.13

The NASDAQ and the Dow gained on merger mania. Gainers included: Amgen, AOL, AT&T, BMC Software, Burlington Industries, CBS, Cisco Systems, Comcast, Digitale Telephone, Disney, E4L, eGlobe, Excite@Home, Exodus Communication, Global Crossing, Healthsouth, Houston Industries, IBM, Intel, Intellect Communications, Lucent Technologies, Media Arts, Medtronic, Microsoft, Motorola, Newscorp, Nortel Networks, Oracle, PeopleSoft, Philip Morris, Qualcomm, Staples, Sun Microsystems, Tellabs, Time Warner, Tyco International, US Wireless, Vion Pharmacy, and Yahoo!.

PICKS FOR THE NEXT MARKET DAY
NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Akamai Technology, 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, Cytogen Pharmaceutical, 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.

DOW INDUSTRIAL: 11522.56 = +269.30

NASDAQ: 3882.61 = +155.48

S & P 500: 1441.46 = +38.01

The NASDAQ ended a three day losing streak in heavy trading, as the Dow gained over 260 points. Gainers included: Abbot Labs., Amazon.Com, Amgen, AOL, Applied Materials, AT&T, Blockbuster, Bristol Myers Squibb, CIENA, Cisco Systems, Citigroup, Columbia/HCA, eGlobe, Ericsson, Found Health System, GE, Genesis Health, Genzyme Surgical Products, Healthsouth, iEntertainment Network, Infodata, Intel, JDS Uniphase, Lucent Technologies, Magellan Health, McLeodUSA, Media Arts, Merck, Microsoft, Motorola, Nortel Networks, Oracle, Pediatrix Med., PeopleSoft, Pepsico, Pfizer, Philip Morris, Plug Power, Qualcomm, SAP AG, Schering-Plough, Sliprock, Staples, Sun Microsystems, Techniclon, Tyco International, Walmart, Western Digital, Xilinx, and Yahoo!.

The NASDAQ resumed its upswing with the largest daily gain in heavy trading.
US Unemployment rate held steady in December at 4.1%, the lowest in 29 years, and well stronger than analysts' expectations. The Leading Inflation Index (LII) rose in December by 1.2%; this means inflation pressures are begining to appear.
Consumer Credit grew a lower-than-anticipated $4.2 billion in October, as consumers continue to pay down debts.
Lucent Technologies issued an earnings warning for First quarter of this year; many brokerage houses downgraded the stock, but it still closed higher.
Healthcare, Internet Portals, and Technology issues were the hot stocks today.
Nortel Networks will acquire promatory, a leading digital subscriber lines manufacturer, for about $778 million.
McLeodUSA is to acquire Sliprock services.
SAP AG, the big German software manufacturer, says its Q4 earnings for 1999 will double Q4 1998.
Mannesmann AG, the German conglomerate facing a hostile bid from Vodafone Airtouch PLC., says earnings rose 37% to $4.4 billion. Mannesmann's telecomm unit saw an earnings rise of a whopping 70%.

NASDAQ:

Technology, BioTechnology, Telecommunications, and some Internets will gain. Companies\ like: Act Networks, Akamai Technology, 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, Cytogen Pharmaceutical, 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 Soft

THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market