Daily market summary and stock picks

THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR MONDAY MAY 1ST. 2000

DOW INDUSTRIAL: 10811.78 = +77.87

NASDAQ: 3958.08 = +97.42

S & P 500: 1468.25 = +15.82

MOST ACTIVE STOCKS & SECTORS

The markets rallied as Microsoft and interest rates fears subside. Gainers included: 3Com, About.Com, AdminiStaff, Aladdin Knowledge, AMD, Andover.Net, Ariba, AT&T, AT&T Wireless Group, Caliper Technology, Chase Manhattan, Ciena Corp, Cisco Systems, Citigroup, Compaq, Conseco, Dell, DigiMarc, Exodus Communications, Expedia, Firepond, Global Crossing, GlobalStar, Goldman Sachs, Intel, Isomet Corp, JDS Uniphase, Lucent Technologies, Magainin Pharmaceutical, MaxyGen, Merrill Lynch, Metlife, Microsoft, Molecular Device, Nortel Networks, Parametric, PE Corp, Philip Morris, Policy Management System, ReliaStar Financial, Rexall Sundown, Royal PTT Neder., Safeguard Scientifics, Sequenom, Shared Medical Systems, Software Technologies, StarTek, Sun Microsystems, Telaxis Communications, Terayon Communication Systems, Va Linux, Vicinity Corp, and Yahoo!

MAIN REASONS FOR ACTIVITY

The Microsoft breakup fears have apparently subsided as bargain hunters went after both Microsoft and Linux related stocks. Biotechnology, Financial and Retailing stocks were also strong.
Shared Medical Systems is to be acquired by Siemens AG for $2.1 billion.
Magainin Pharmaceutical announced a $65 million contract with Genentech.
Molecular Device, a drug discovery and life sciences research co., introduced two new products today that are supposed to speed up and make medical discoveries easier.
Rumors are that, EDS is interested in acquiring Policy Management System for about $18.00 to $20.00 a share.
Rexall Sundown is to be acquired by Royal Numico NV, a Dutch company, for $1.2 billion.
Casema NV, the third largest Cable TV operator, will begin offering Terayon Comm. Systems' broadband telephony products; Terayon is still gaining at Island's (after hours) ECN.
AFTER HOURS: Expedia reported fiscal Q3 losses that were 15 cents a share less than anticipated; Expedia is gaining on Island's ECN.
Compaq, Hewlett-Packard, AMD, Gateway, Hitachi, Infineon, NEC, Quantum, Samsung, Solectron, SCI Systems, and Western Digital are forming a computer and electronics eMarketplace. The proposed market will be open to all. The venture is getting $100 million seed money.

PICKS FOR THE NEXT MARKET DAYREASONS BEHIND THE PICKS

We are still holding our picks. See our Quarterly Forecast for an even bigger picture.
We are repeating our buy on Microsoft. Want to know more and why? Visit our Quarterly Forecast section. Give us your views by clicking here.
Be weary of companies announcing Mega deals to prop up their stocks. We feel any deal announced with too many players (anything above 8 companies especially) is designed to fail. Don't forget the old adage: "Too many cooks spoil the soup". What do you think? Post your views at our Discussion Forum.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ:

Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, Amgen, Anaren Microwave, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Ask Jeeves, AudioCodes Ltd., Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Immunex, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Linear Technology, Looksmart, Luminex, MCI Worldcom, Metasolv Software, Metrix One, Microsoft, Neoforma.Com, Net2Phone, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Numerical Technologies, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, RiverDeep Group Plc., Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

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MARKET SUMMARY FOR FRIDAY APRIL 28TH. 2000

DOW INDUSTRIAL: 10733.91 = -154.19

NASDAQ: 3860.66 = +86.63

S & P 500: 1452.43 = -12.49

MOST ACTIVE STOCKS & SECTORS

The NASDAQ rallied for the second day in a roll. Despite the Government's suggestion to break up Microsoft, Technology stocks still posted strong numbers (Microsoft closed only fractions off). The Dow lost for the second day in a row. Gainers included: About.Com, Affymetrix, Amcol International, AMD, Amgen, Applied Materials, AT&T Wireless Group, Bristol Myers Squibb, Broadvision, Celera Genomics, Cisco Systems, Covad Communications, Digex, Disney, Eastman Chem, eMachines, Enzo Biochem, Exodus Communications, GE, Global Crossing, GM, HotJobs.Com, Human Genome Sciences, I3 Mobile, Immunex, Infonet Services Corp, Intel, Interface System, JDS Uniphase, Lincoln National, Liquid Audio, Lucent Technologies, MCI Worldcom, Medicis Pharmaceutical, Metlife, Millenium Pharmaceuticals, Niku, Novell, PE Corp, PMC-Sierra, Praecis Pharmaceuticals, Protective Life, PSINet, Qualcomm, Quanta Services, Register.Com, ReliaStar Financial, RH Donnelley, Russell Corp, Saba Software, SBC Communications, SCG Holdings, Seagate Technology, Software Technologies, Telaxis Communications, The Vialink Co., and Viasoft.

MAIN REASONS FOR ACTIVITY

The Justice Department and the 19 states presented their proposal today: The breakup of Microsoft into two. Shares of Microsoft and Linux related stocks are rising in after hours trading.
Software Technologies and SCG Holdings (ON Semiconductor) debuted their IPOs today.
Biotechnology stocks were up today due to bargain hunters.
ReliaStar Financial is reported to be in talks to be acquired by the ING Group of the Netherlands.
Viasoft has agreed to the $150 million purchase offer from Allen Systems Group.
eMachines announced plans to enter the increasingly competitive market of Internet surfing devices.
About.Com's fiscal Q1 losses were well less than anticipated.

PICKS FOR THE NEXT MARKET DAYREASONS BEHIND THE PICKS

We are still holding our picks. See our Quarterly Forecast for an even bigger picture.
We are repeating our buy on Microsoft. Want to know more and why? Visit our Quarterly Forecast section. Give us your views by clicking here.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR THURSDAY APRIL 27TH. 2000

DOW INDUSTRIAL: 10888.10 = -57.40

NASDAQ: 3774.03 = +143.94

S & P 500: 1464.92 = +3.93

MOST ACTIVE STOCKS & SECTORS

The NASDAQ rallied after the Gross Domestic Product (GDP) and Employment Cost Index (ECI) data releases. Gainers included: 3Com, AMD, Applied Materials, AT&T Wireless Group, BP Amoco Plc, Broadvision, CapRock, CheckFree, Ciena, Cisco Systems, Compaq, Cysive inc, Dot Hill System, EMC Corp, Ericsson, ESpeed, Evolving System, Four Seasons, GE, Global Crossing, GM, InfoSpace, Intel, Interface System, Internet Commerce, JDS Uniphase, Lucent Technologies, Macromedia, MCI Worldcom, Mediaplex, Metawave Communications, Microsoft, National Semiconductor, Nokia, Novellus, Oracle, Qualcomm, Radio One, RadiSystem, Register.Com, SciQuest.Com, Sun Microsystems, Virata Corp, Western Digital, and Yahoo!

MAIN REASONS FOR ACTIVITY

The Gross Domestic Product (GDP) and Employment Cost Index (ECI) reports detected the mood of the market (see below).
U.S. Department of Commerce reported that, the GDP for Q1 rose 5.4%, slightly less than the 5.9% economists forecasted. However, the GDP Deflator, a broader indicator of inflation gauge, rose 2.7%, well above forecasts.
U.S. Department of Labor reported that, the ECI for Q1 rose a whopping 1.4%, well above the 0.9% economists were anticipating, and the highest growth since 1989! Employee benefits costs soared 2.7% in the same period. The Conference Board also reported this week that, US Consumer Confidence dropped slightly in April by 2.5%, despite the recent stock market turmoil. What does this mean? It means the Federal Reserve FOMC will raise rates in May, and at least one more time after that. To read more about the Federal Reserve's possible actions, click to visit our Federal Reserve Monetary Policy Monitor
MCI Worldcom reported fiscal Q1 earnings that beat estimates by One cent a share. MCI's Q1 profits rose 80% due primarily to its Data, Internet, and International Operations.
Bank of America is paying $395.6 million for a 16% stake in CheckFree Holdings.
American Airlines, Air France, British Airways, Continental Airlines, Delta Air, and United Airlines are to jointly develop a Business to Business (B2B) eMarketplace that will do $32 billion a year parts, fuel, and maintenance business.
Chip manufacturing companies rose today. Intel and AMD announced their next generation of chips.
Broadvision's fiscal Q1 earnings beat estimates by 2 cents a share ( earnings doubled what analysts predicted), while revenue grew 200%.
AT&T Wireless Group's IPO debuted today and closed with a modest gain of 7.20% above its offering price of $29.50 per share. This was the largest IPO offering in USA history.
Macromedia reported fiscal Q4 earnings that beat estimates by 6 cents a share, while sales grew over 90% in the same period.
AFTER CLOSE: Netzero's fiscal Q3 earnings beat estimates, and revenues rose 2000% for the quarter, while registered users increased by One million in the quarter; Netzero is rising on Island's ECN.
AFTER CLOSE: eMachines' fiscal Q1 earnings beat estimates by One cent a share, and revenue grew 82% for the period; eMachines is also rising on Island.
MCI Worldcom has confirmed its interest in Orange, the British wireless company.
ESpeed, an energy related commodities trading site, is to receive a $25 million investment from Dynegy and Williams Cos, both energy companies.
Western Digital reported losses for fiscal Q3 that were lower than anticipated.
eToys' fiscal Q1 losses widened by 25 cents a share, due primarily to advertisement cost and competition.

PICKS FOR THE NEXT MARKET DAYREASONS BEHIND THE PICKS

Despite technology and Internet stocks' seemingly untouchable reaction to today's economic data, caution is still necessary. Sure, "new economy" stocks are not heavily involved in long-term debts, but following our picks, looking over the earnings reported so far, projected growth in the sectors from our Quarterly Forecast will give you a clearer direction on how to proceed. Give us your views by clicking here.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR WEDNESDAY APRIL 26TH. 2000

DOW INDUSTRIAL: 10945.50 = -179.32

NASDAQ: 3630.09 = -81.14

S & P 500: 1460.90 = -16.45

MOST ACTIVE STOCKS & SECTORS

The markets closed lower on fear of tomorrow's GDP and Employment Cost Index. Gainers included: Amazon.Com, Amgen, BackWeb, BEI Technology, BMC Software, Bontex, Bristol Myers Squibb, CheckFree, Chevron, Cisco Systems, Disney, DrKoop.Com, EarthWeb, EMC Corp, eToys, Fairchild Semiconductor, GE, Keane, Lucent Technologies, MetLife, Motorola, Nokia, Nortel Networks, Oxford Health, OraPharma, PeopleSoft, Pfizer, Philip Morris, Scient, and Vertex.

MAIN REASONS FOR ACTIVITY

Interest rates sensitive stocks like financials took a beating as the market awaits Gross Domestic Product (GDP) and Employment Cost Index (ECI) reports.
Fairchild Semiconductor reported fiscal Q1 earnings that beat estimates by 13 cent a share.
CheckFree reported fiscal Q1 losses that were less than estimates by 4 cents a share.
Broadvision reported fiscal Q1 earnings of 4 cents a share, double analysts' estimates, while sales rose 232%.
Chevron reported fiscal Q1 earnings that beat estimates by 22 cents a share!
Amazon reported fiscal Q1 losses that were a cent below estimate; Amazon's yearly revenue grew 95% to $574 million.
EarthWeb losses for fiscal Q1 of 6 cents a share were better than estimates.
Scient reported fiscal Q1 earnings that beat estimates by 2 cents a share.
BackWeb reported fiscal Q1 earnings that beat estimates by One cent a share. Backweb's sales rose 117% for the Quarter.
BMC Software and Keane all reported fiscal Q1 earnings that topped estimates.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, Amgen, Anaren Microwave, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Ask Jeeves, AudioCodes Ltd., Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Immunex, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Linear Technology, Looksmart, Luminex, MCI Worldcom, Metasolv Software, Metrix One, Microsoft, Neoforma.Com, Net2Phone, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Numerical Technologies, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, RiverDeep Group Plc., Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

The GDP and ECI figures will indeed show the economy as overheating, and the market might react adversely, but we still believe our picks are the best for most of this year. Give us your views by clicking here.
We are very bullish on Biotechnology, Technology (Software and Networking stocks), and Telecommunications issues.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR TUESDAY APRIL 25TH. 2000

DOW INDUSTRIAL: 11124.82 = +218.72

NASDAQ: 3711.23 = +228.75

S & P 500: 1477.44 = +47.58

MOST ACTIVE STOCKS & SECTORS

The "buy" wind blew towards technology stocks today as both the NASDAQ and the Dow gained over 200 points each; Technology and Telecommunications stocks also benefited from bargain hunters. Gainers included: 3Com, Amgen, Amtech System, AOL, AT&T, Avanex Corp, BP Amoco Plc, Bristol Myers Squibb, BroadCom, Champion International, Citigroup, Cisco, Comcast, Compaq, ConCurrent Comp., Dell, Diamond Technology, eBay, eLoan, GE, Global Crossings, GlobeSpan, i2 Technologies, IBM, Informix, InfoSpace, Intel, JDS Uniphase, JNI Corp, LookSmart, LSI Logic, Lucent Technologies, Management Network, MCI Worldcom, Merck, Microsoft, Network Appliance, Netzero, Nokia, Nortel Networks, OnDisplay, Oracle, Park Place, PMC-Sierra, Pfizer, Philip Morris, Qualcomm, Rambus, SBC Communications, Sun Microsystems, Turnstone System, Tyco International, Versata, Vodafone Airtouch Plc, WebMethods, and Yahoo!

MAIN REASONS FOR ACTIVITY

Semiconductor, Technology, Internet Portals and Telecommunications stocks gained on strong earnings reports and bargain hunting.
AFTER CLOSE: Nortel Networks reported fiscal Q1 earnings that beat estimates by 5 cent a share, and profits grew 81% for the quarter; the unexpected strong earnings have Nortel stocks rising on Instinet's after hours trading. Click here for our ECN page.
LookSmart reported fiscal Q1 losses that were less than estimates.
Procter & Gamble, (P&G) reported fiscal Q3 earnings that met its lowered expectations. P&G was downgraded by Banc of America.
Merck & Co. head made it clear his company's intention to stay independent, despite the rash mergers in the Pharmaceutical industry lately; Investors seem to agree with him.
Network Appliances announced that it has a supplier deal with Palm Computing, the leader in handheld devices. Visit our Quarterly Forecast page for our outlook on handheld devices.
LSI Logic reported fiscal Q1 earnings that beat estimates by One cent a share.
AFTER CLOSE: ebay reported fiscal Q1 earnings of 6 cents a share, double the consensus estimate!

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, Amgen, Anaren Microwave, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Ask Jeeves, AudioCodes Ltd., Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Immunex, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Linear Technology, Looksmart, Luminex, MCI Worldcom, Metasolv Software, Metrix One, Microsoft, Neoforma.Com, Net2Phone, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Numerical Technologies, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, RiverDeep Group Plc., Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS
- We once again re-emphasize our picks and forecasts (see below).
- We are very bullish on Biotechnology, Technology (Software and Networking stocks), and Telecommunications issues.
- Expect the major Internet Portal sites to perform very well.
- Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

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MARKET SUMMARY FOR MONDAY APRIL 24TH. 2000

DOW INDUSTRIAL: 10906.10 = +62.05

NASDAQ: 3482.48 = -160.42

S & P 500: 1429.86 = -4.54

MOST ACTIVE STOCKS & SECTORS

The Dow rallied as funds moved to blue chip stocks after a rumor surfaced that, the Justice Department will seek the breakup of Microsoft. Technology heavy NASDAQ sustained heavy losses due mostly to this rumor; it was a bad day to be a tech stock irrespective of earnings (see below). Gainers included: Ace Ltd., Advent Software, AHP, AMD, American Express, Avanex Corp, BrightStar Info., Caminus Corp, Central Park, Cherry Corp, Childrens Place, Citigroup, Comsat, Garden.Com, GE, IBM, Intel, Lockheed Martin, McDonalds, Merck, Netzero, Oracle, Parametric, PMC-Sierra, Pfizer, Philip Morris, Raytheon, Scientific Games, Silicon Graphics, Ultratech Stepper, Vari-L, and Wal-mart.

MAIN REASONS FOR ACTIVITY

Microsoft's demises set the tone for technology stocks today. Although the software behemoth beat earnings estimates, it reported that the late shipment of its Windows 2000 operating system hurt earnings, and the PC market is looking flat. Goldman Sachs, S.G Cohen, and Thomas Weisel all downgraded Microsoft. As id that wasn't enough problems, rumor is circulating that, the Justice Department is seeking a breakup of the company, and this set a selling tone for technology stocks today. Microsoft has lost over 40% of its value in the past 6 months (more than 10% of that was today alone!).
American Express reported fiscal Q1 earnings that beat estimates by 2 cent a share.
Advent reported fiscal Q1 earnings of 12 cents a share, well above estimate.
Priceline.Com reported fiscal Q1 losses that were less than estimates by 2 cents a share; Priceline closed lower.
Garden.Com reported fiscal Q3 of 65 cents a share, well lower than expected.
Exodus Communications reported fiscal Q1 earnings that beat estimates by 3 cents a share; Exodus closed lower.
UltraTech Stepper reported fiscal Q1 earnings that met estimates.
Vari-L Semiconductor reported fiscal Q1 earnings that met estimates.
Cherry Corp's Chairman and President, Peter Cherry, and his associates are offering $18.75 per share for the remaining 46% of the company's stocks so as to take it private.
Commerce One, a Business to Business (B2B) leviathan, was upgraded by CIBC WorldMarkets, and Pacific Growth Equities; Commerce One closed lower.
Merck reported fiscal Q1 earnings that beat estimates by One cent a share.
ITT was upgraded by CS First Boston.
Qualcomm is investing $144 million in Netzero, the Free Internet Service Provider (ISP).
Lockheed Martin's MLRS Rockets performed well in a test fire.
Comsat's fiscal Q1 earnings of 39 cents a share beat estimates. Comsat also reported earnings growth of 77% in the same period.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, Amgen, Anaren Microwave, Andover.Net, Apple, Applied Materials, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Ask Jeeves, AudioCodes Ltd., Avanex Corp., Be Incorporated, Cavion Technology, Cellular Technical, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cygnus, Cytogen Pharmaceutical, Dell, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Evolving Systems, Finisar, Foundry Networks, FreeMarkets.Com, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Immunex, Impsat Corp., Informix, Infosys Technologies, Inktomi, Intel, Internet Capital Group, Intuit, JDS Uniphase, Juniper Networks, Legato Systems, Linear Technology, Looksmart, Luminex, MCI Worldcom, Metasolv Software, Metrix One, Microsoft, Neoforma.Com, Net2Phone, Netsolve, New Tel, Niku Corp, Novell Networks, Novellus System, Numerical Technologies, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, Register.Com, RiverDeep Group Plc., Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sun Microsystems, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, Trega Biosciences, TriTel, Turnstone System, UTStarcom, Va Linux, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Vitesse Semiconductor, V One Corp., WebMethods, Witness System, Yahoo! and Zebra Technologies.

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, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, 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, Kroger Co, 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, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Sprint, Sprint PCS, STMicroelectron, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

REASONS BEHIND THE PICKS

Microsoft is the best bargain in town right now, whether broken up, or left intact. Give us your view at the Discussion Forum
Don't follow the herd! Clearly people are dumping stocks out of fear, as opposed to economic fundamentals like earnings. See our recommendations below to profit from this. What do you think? post your views here
Bargains are everywhere! We once again re-emphasize our picks and forecasts (see below).
We are very bullish on Biotechnology, Technology (Software and Networking stocks), and Telecommunications issues.
Expect the major Internet Portal sites to perform very well.