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 TUESDAY JUNE 27TH. 2000

DOW INDUSTRIAL: 10504.46 = -38.53

NASDAQ: 3858.96 = -53.16

S & P 500: 1450.55 = -4.76

MOST ACTIVE STOCKS & SECTORS

The markets closed lower on the first day of the Federal Reserve FOMC meeting. Investors seem to have taken a more wait and see attitude. Gainers included: Advest Group, Amazon.Com, AnnTaylor Stores, AOL, AT&T, Cisco Systems, Click Commerce, Compaq, Conseco, Corel, Dense-Pac Microsystems, FedEx Corp, GoAmerica, Grupo Iusacell, Grupo Radio, Home Depot, Immune Response, Inktomi, International Paper, Johnson & Johnson, Marvell Technology Group, Mastec inc, Maxco inc, MetaCreations, Motorola, MP3.Com, NetSilicon, Nextel, Northeast Optic Network, Olin Corp, Park Electrochemical, PE Corp, Pfizer, Philip Morris, PMI Corp, Quest Education, Qwest Communications International, Reebok International, RehabCare, Revlon, Serena Software, Software Technologies, Stratos Lightwave, Trans Realty, VoiceStream, Williams Sonoma, Willis Lease, Worldcom, and Yahoo!

MAIN REASONS FOR ACTIVITY

The Conference Board reported that the Consumer Confidence Index eased to 138.8 in June, a 6 points drop from the May figures, but higher than the April numbers. Consumers feel the economy is weakening and will continue to weaken, and most surveyed have postponed spending on big ticket items like automobiles. This news made more analysts confident that the Federal Reserve will not announce a rate increase tomorrow. To find more on Federal Reserve meeting, click visit here. To post your viewpoints on this subject, or any economic subject, visit our NEW expanded message boards by clicking here.
The US Department of Justice (DOJ) has filed suit to block the merger of Worldcom and Sprint on the grounds that, the merger of the #2 and #3 telephone companies will cause higher costs to consumers. Immediately after the DOJ announcement, Worldcom and Sprint filed papers with the European Commission withdrawing their merger proposal, claiming the DOJ is against it. Separately, CS First Boston downgraded Worldcom. Post your viewpoints on this subject, or any economic subject on our message boards here.
Kaplan, the Test Preparation and educational products unit of the Washington Post Company is paying $165 million for Quest Education, an Atlanta based Degree granting institution.
AOL is in a deal with Intertrust, the Digital Rights Management (DRM) software developer for secure music downloads. AOL is paving way for its online music marketing.
IPOs were hot today. Marvell Technology closed over 277% above its offering price, Stratos Lightwave closed 62% above its offering price, while Click Commerce closed more than 76% above its offering price
Media Metrix, an Internet audience measuring company, is paying $414 million for Jupiter Communications, an e-commerce researcher.
Dell and Microsoft's MSN Network are to create a portal called DellNet by MSN. DellNet will market Dell Computer products and will allow consumers to also sign up for Internet Access with MSN too.
Merrill Lynch cut its fiscal Q4 revenue forecast for IBM by $420 million.
Corel Corp. announced that its graphics software will be bundled with Hewlett Packard's ScanJet 4300C scanner series. Corel gained over 21%.
UBS Warburg has initiated coverage with a "buy" recommendation for PMI Group.
New England Business Service received a fast track anti-trust clearance from the FTC.
AFTER CLOSE: 3Com reported fiscal Q4 losses that were 2 cents a share less than First Call consensus.
AFTER CLOSE: General Mills reported fiscal Q4 earnings that beat First Call estimates by One cent a share.
AFTER CLOSE: Great Plains Software reported fiscal Q4 earnings that beat First Call estimates by 2 cents a share.
NOTE: Due to the immense popularity this column has received recently and the willingness of our guest to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

What ever the outcome of the Federal Reserve FOMC meeting, the markets will rally. For more on the FOMC meeting, visit here. Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: 3Com, AOL, Ariba, AT&T, Bioject Medical Techs, Jupiter Communications, Media Metrix, Microsoft, General Mills, Great Plains Software, and Yahoo!
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: Accelerated Networks, 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, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cyber-Care, 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, inSilicon, Intel, Internet Capital Group, JDS Uniphase, Juniper Networks, Legato Systems, Linear Technology, Looksmart, Luminex, Metasolv Software, Metrix One, Microsoft, Neoforma.Com, Net2Phone, Netsolve, New Tel, Niku Corp, Novellus System, Numerical Technologies, ONI Systems, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, RiverDeep Group Plc., Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sonus Networks, Stanford MicroDevices, 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, WorldCom, 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), Manufacturer's Services Ltd., 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, Silverline Technology, 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 MONDAY JUNE 26TH. 2000

DOW INDUSTRIAL: 10542.99 = +138.24

NASDAQ: 3912.12 = +66.78

S & P 500: 1455.31 = +13.83

MOST ACTIVE STOCKS & SECTORS

The markets rallied on the eve of the Federal Reserve FOMC meeting, despite some surprising housing data. Gainers included: Accelerated Networks, Aes Corp, Altera, Alza Corp, Amazon.Com, Ariba, Aztar Corp, Aztec Manufacturing, Bindview Development, Bioject Medical Technologies, Calpine Corp, Carter Wallace, C-Cube Systems, CFM Technology, China Telecom, Cisco Systems, Citigroup, Citrix System, Corning, CPI Corp, CrossWorlds Software, Dell, Ericsson, Exodus Communications, First Union, GE, GoAmerica Communications, Hanover Compressor, Harmonic, HotJobs.Com, Immunex, IXYS Corp, JDS Uniphase, Johnson & Johnson, Keithley Instruments, Lexmark International, Lilly Industries, Lucent Technologies, Microsoft, MRV Communication, Nabisco Group, Nabisco Holdings, Nortel Networks, Oracle, Perkinelmer, Pfizer, PictureTel, Power-One, Qwest Communications International, Rambus, RehabCare, Serena Software, Software Technologies, Stanford MicroDevices, Sun Microsystems, Telecomunicacoe, Tyco International, UnitedGlobalCom, and Waters Corp.

MAIN REASONS FOR ACTIVITY

The US Existing Homes Sales for May rose an unexpected 4.3% to 5.09 million units. In April, existing homes sales dropped 6.2% to 4.88 million units. Analysts are worried that the Federal Reserve will have to take action to tame this growth. Most analysts expect the decision to come not in tomorrow's meeting, but the next. To find more on Tomorrow's Federal Reserve meeting, click visit here. To post your viewpoints on this subject, or any economic subject, visit our NEW expanded message boards by clicking here.
Aerie Networks, a broadband fiber-optic network company, signed a 4-year $1 billion deal with Corning for 8.9 million miles of fiber-optic lines. Corning gained 20 3/16 to close at 260 3/16.
Power-One, a power outage and surge protection company, gained 9 3/8 after Stephens inc. raised its price target to $150 per share, and reiterated its "buy" recommendation. An influential panelist on "Wall Street Week with Louis Rukeyser" also had positive comments on Power-One last Friday.
AT&T's fiscal 2000 earnings were downgraded 7 cents a share by Salomon Smith Barney.
The FCC has approved the merger of Qwest Communications International and US West.
Motorola was downgraded by Lehman Brothers.
Philip Morris is paying $15 billion and assuming $4 billion in debts (a total value of $55/share) to acquire Nabisco Holdings. Nabisco Holdings closed up at $52 3/4 a share.
Yahoo! announced that it is dropping Inktomi's web search engine on its general search in favor upstart Google after its contract with Inktomi expire July 1. Corporate Yahoo!, Yahoo1's information systems portal, will continue to use Inktomi. Inktomi stated that its acquisition of Ultraseek search and other deals will compensate for the Yahoo! lost, which accounted for 10% of its services. In a separate development, Corporate Yahoo! announced that it will start selling Citrix Systems' Nfuse Technology. Both Yahoo! and Inktomi lost.
Amazon.Com got some good news today. JP Morgan reiterated its "strong buy" recommendation for the stock, while Goldman Sachs reiterated its "buy" recommendation.
Tyco International has agreed to restate some of its acquisition charges to satisfy the Securities and Exchange Commission (SEC). An analyst accused Tyco in October of last year for manipulating the books to show profits even after an expensive acquisition. Tyco made known that the restatement will not affect future profits. What do you think? Post your viewpoints at our NEW expanded message boards by clicking here.
European Biotechnology company Sereno SA received the FDA approval to use Bioject Medical Technologies' needle-free medical delivery technology to administer its Pediatric Growth Hormone.
PE Corp-Celera Genomics lost 13 points even after announcing the assembly of a full human DNA sequence. Could it be some investors are scared of the company playing God? Post your viewpoints at our NEW expanded message boards
PictureTel, a visual and voice software developer, gained 29% after Microsoft licensed its Conferencing technology. FS Van Kasper also upgraded PictureTel.
UnitedGlobalCom is merging its cable operations outside the USA with Liberty Media Group.
HotJobs.Com gained over 22% after it was announced that it is joining the Russell 3000 Index.
Accelerated Networks added another 27% in its second day of trading.
Johnson & Johnson was upgraded by Paine Webber.
AFTER CLOSE: Harmonic, a broadband fiber-optic networks company, reported that its fiscal Q2 earnings will be up to 17 cents a share below First Call consensus estimates!
AFTER CLOSE: Ariba, the major B2B player, announced that it is paying 6.3 million of its shares to acquire technology e-commerce portal SupplierMarket.Com.
AFTER CLOSE: Hewlett Packard will use GoAmerica's Internet access services for its notebooks and handheld devices.
NOTE: Due to the immense popularity this column has received recently and the willingness of our guest to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

This week will be ruled by the Federal Reserve FOMC meeting. For more on the FOMC meeting, visit here. Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: Ariba, AT&T, Bioject Medical Techs, LSI Logic, Microsoft, PE Corp-Celera, GoAmerica, Rambus, Solutia, and Yahoo!
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 FRIDAY JUNE 23RD. 2000

DOW INDUSTRIAL: 10404.75 = +28.63

NASDAQ: 3845.34 = -91.50

S & P 500: 1441.48 = -10.70

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed. The Dow closed higher, while the NASDAQ closed lower due to profit taking and comments about Amazon.Com that spooked the Internet sector (see below). Gainers included: Accelerated Networks, BancWest Corp, Bed Bath & Beyond, Black & Decker, Carbo Ceramics, Carter Wallace, Charles River Laboratories International, Coca Cola, Cytoclonal, Dollar Thrift Auto, DrKoop.Com, Electric Fuel, GE, HomeGrocer.Com, Intel, International Home Foods, Johns Manville Corp, Kellogg, Kroger, Manufacturer's Services Ltd, Maxim Intergrated, McDonalds, Micron Tech, Nanophase Technology, Nexell Therapeutics, Pfizer, Professionals Group, Qualstar, Qwest Communications International, Rambus, Sequoia Software, Sodexho Marriott, Solutia, Tucker Anthony, Uniroyal, Wal-Mart, and York International.

MAIN REASONS FOR ACTIVITY

Amazon.Com lost 19% value today after Ravi Suria, an influential analyst with Lehman Brothers released some research notes that considered Amazon's credit to be "extremely weak and deteriorating". Amazon and Internet related stocks suffered due to the general panic about the comments.
Rambus is still gaining (even in after hours trading) due to its settlement with Hitachi, and the prospects of a mountain of Technology licenses from other DRAM chip makers. Many analysts think this is an overplay. Post your viewpoints at our NEW expanded message boards by clicking here.
The Shareholders of AOL and Time-Warner overwhelmingly approved the $123 billion merger. US government and European regulators now need to approve the deal to make it official.
ConAgra is paying $1.6 billion for International Home Foods.
Bear Sterns Merchant Banking and Hicks, Muse, Tate & Furst inc. are paying $2.4 billion to acquire Johns Manville Corp, a building products maker.
Kroger Company, the US' leading grocery chain, changed its mind about acquiring 74 Winn Dixie stores in Texas and Oklahoma. The Federal Trade Commission was against the acquisition and withheld approval.
DrKoop.Com gained over 56% after it announced an investment in the works valued at $1.5 million from a merchant bank. The bank will also serve as its financial advisor. Dr. C. Everett Koop, the former Surgeon-General and namesake of the company, also extended his content contract with the company.
IPOs were hot today. Accelerated Networks, a broadband networks player, closed 220% above its IPO debut price. Charles River Laboratories closed 37% above its IPO debut price. Manufacturer's Services, a contract Electronics manufacturer (CEM), closed over 25% above IPO price, while Qualstar, a magnetic tapes library company, closed over 14% above IPO price.
Micron Tech continues to gain after posting stellar fiscal Q3 earnings. Micron Tech was also upgraded by Needham & Co.
Solutia was upgraded by Salomon Smith Barney.
NOTE: Due to the immense popularity this column has received recently and the willingness of our guest to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

This week will be detected by the Federal Reserve activities. We will hold on to our picks still. Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: Agilent Tech., Akamai, Ariba, AT&T, Broadcom, Broadvision, Charles River Labs, Inktomi, LSI Logic, Manufacturer's Services Ltd., Microsoft, PE Corp-Celera, Rambus, Solutia, and Yahoo!
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 JUNE 22ND. 2000

DOW INDUSTRIAL: 10376.12 = -121.62

NASDAQ: 3936.84 = -127.17

S & P 500: 1452.18 = -26.95

MOST ACTIVE STOCKS & SECTORS

The markets closed lower due mostly to profit taking in technology stocks. Gainers included: Aeroflex, AT&T, AT&T Wireless, Bindley Western, Burr-Brown, Citrix, Coca Cola, Coldwater Creek, Compaq, Covad Communications, Darden Restaurant, Excite@Home, General Magic, GoAmerica, Kroger, Manitowoc, Manugistic Group, Maytag, Northfield Lab, Peoplesoft, Pervasive Software, Qualcomm, Quokka Sports, Rambus, RedHat, Sequoia Software, Smith Nephew, Teledyne Technology, Tele Norte Celular, Tremont Corp, Universal Compression, Universal Foods, Valence Technology, Virologic, Visx, and Webvan Group.

MAIN REASONS FOR ACTIVITY

US Initial Jobless Claims for week ending June 17th. rose to 302,000. This is an increase of 7,000 from the previous week. What does it mean? The chances of interest rate hikes from the Federal Reserve Bank are looking slimmer and slimmer. For more on the coming Federal Reserve meeting, visit our Federal Reserve Monetary Policy Analysis page.
Rambus has settled its patent lawsuit against Hitachi Ltd. The agreement requires Hitachi to pay Rambus licensing fees for its high speed memory interface technology.
Rumors are that Nokia is interested in acquiring Qualcomm.
ING Barings initiated coverage of Virologic with a "strong buy" recommendation.
General Magic and IBM are intergrating their voice systems on e-commerce applications.
Lehman Brothers initiated coverage of Yahoo! with a "Neutral" recommendation. Yahoo! lost over 11 points based on an analyst's worries about online advertisement revenues.
Salomon Smith Barney intiated coverage of Universal Compression with a "Buy" recommendation.
AG Edwards intiated coverage of Webvan Group with an "accumulate" recommendation.
Manugistic, a software company, gained 50% after it reported that its fiscal Q1 revenues jumped 29% to $50 million. Over the year revenues grew 98%. DB Alex Brown upgraded Manugistic.
Visx, a vision correction laser maker, gained 13% after the US Patent & Trademark office announced its intention to reissue one of its prime patents.
The 9th. Circuit Court of Appeals ruled that AT&T, the largest Telephone and Cable operator, cannot be obliged to open up its Broadband high speed internet access to competitors.
AFTER CLOSE: Micron Tech, which closed lower due to analysts' worries about its earnings, announced fiscal Q3 earnings that beat estimates by 13 cents a share! Micron Tech is gaining in after hours trading. Post your viewpoints at our NEW expanded message boards by clicking here.
NOTE: Due to the immense popularity this column has received recently and the willingness of our guest to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

We think the market will close the week with a bang. Investors were busy taking profits today that they didn't even notice the good jobless claims data for June 17. What do you think? Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: Agilent Tech., Akamai, Ariba, AT&T, Broadcom, Broadvision, Inktomi, LSI Logic, Microsoft, PE Corp-Celera, Rambus, and Yahoo!
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, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Commonwealth Biotechnologies, Corel, Covad Communications, Cyber-Care, 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, inSilicon, Intel, Internet Capital Group, JDS Uniphase, Juniper Networks, Legato Systems, Linear Technology, Looksmart, Luminex, Metasolv Software, Metrix One, Microsoft, Neoforma.Com, Net2Phone, Netsolve, New Tel, Niku Corp, Novellus System, Numerical Technologies, ONI Systems, Onvia.Com, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Palm, Panja, PFS Web, Portal Software, Qualcomm, Quantum Effect Devices, Red Hat, RiverDeep Group Plc., Robocom, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, ShopNow.Com, Silicom Ltd., Siliconix, Smith Micro Software, SonicWall, Sonus Networks, Stanford MicroDevices, 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, WorldCom, 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, Silverline Technology, 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 WEDNESDAY JUNE 21ST. 2000

DOW INDUSTRIAL: 10497.74 = +62.58

NASDAQ: 4064.01 = +50.65

S & P 500: 1479.13 = +3.18

MOST ACTIVE STOCKS & SECTORS

The markets rallied with Microsoft leading the pack. Gainers included: Agilent Technologies, Akamai, Apple, Applied Materials, AT&T, Biosource International, Broadvision, Bush Boake Allen, Cepheid, China Unicom, Cisco Systems, Commerce One, Compaq, Converse Technology, Cryolife, Dell, Dexter Corp, Ericsson, Exide Corp, Firepond, Genentech, Gillette, Handspring, Honeywell International, Immunex, Individual Investor Group, Intel, Iomega Corp, JDS Uniphase, Loral Space, Lucent Technologies, Micron Tech, Microsoft, Motorola, Newmont Mining, Nortel Networks, Oracle, Osicom Technology, PE Corp-PE Biosciences, Pfizer, Pohang Iron & Steel, Procom Technology, Qualcomm, RedHat, Scientific Atlanta, Seagram Co. Ltd., Silicon Graphics, Tefron, Tele Nordeste Celular, Tyco International, Whitehall Jewelry, and Zomax

MAIN REASONS FOR ACTIVITY

Microsoft rallied based on the judge's decision yesterday to grant the stay motion. Other technology stocks also rallied.
Worldcom and Sprint's merger is being rejected by the European Union Competition Commission, despite the companies' proposal to sell Sprint's $45 billion Internet Assets. Worldcom has substantial holdings in Europe.
Cepheid, a DNA and RNA testing equipment maker, closed over 48% above IPO debut price.
Hanspring, a rival to Palm's handheld devices, closed 34% above IPO debut price.
China Unicom, the second largest telephone carrier in China, closed 11% above IPO debut price.
Individual Investor Group, a financial media group, has hired investment bankers The Jordan, Edmiston Group to explore its options, including a sale of the group. Individual Investor has been ailing for a while.
TheMarker.Com, an Israeli financial portal, reported that Converse Technology is paying up to $650 million for eXaLink, an Israeli company that makes gateway equipment for cellular networks.
Akamai Technologies was upgraded by Chase H&Q. Akamai gained about 23%.
Newmont Mining, North America's largest Gold mining company, is paying $555 million for Battle Mountain Gold.
Renowned Investor Mario Gabelli announced that an investment group led by him has raised its stakes in Dexter Corp to 7.7%. Dexter is fighting off a hostile bid from International Specialty Products.
OPEC, the oil cartel, announced from Vienna that, its member have agreed to increase oil production by 700,000 barrels a day.
AFTER CLOSE: Texas Instruments is paying $7.6 billion for Burr-Brown. Burr-Brown is gaining in after hours trading. Post your viewpoints at our NEW expanded message boards by clicking here.
NOTE: Due to the immense popularity this column has received recently and the willingness of our guest to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

We think the market will be strong for the whole week, and we have no reason to change our picks. What do you think? Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: Agilent Tech., Akamai, Ariba, Broadcom, Broadvision, Burr-Brown, Cepheid, Inktomi, LSI Logic, Microsoft, PE Corp-Celera, Rambus, and Yahoo!
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: