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THE "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---D260--->

MARKET SUMMARY FOR WEDNESDAY AUGUST 23RD. 2000

DOW INDUSTRIAL: 11144.65  = +5.50

NASDAQ: 4011.01  = +52.80

S & P 500: 1505.97  = +7.84

MOST ACTIVE STOCKS & SECTORS

The markets, especially technology and energy related stocks soared. Gainers included: AAStrom Biosciences, Agricultural Services of America, Amcol International, AOL, Applied Materials, Archer Daniels Midland, Boeing Co., BP Amoco Plc., Broadvision, Chase Manhattan, Cisco Systems, CMGI, Crossroads Systems, Cyberonics, Dell, Doncasters Plc, DoubleClick, DSL.Net, Dynegy, EMC Corp, Ericsson, Exodus Communications, ExxonMobil, Forest Oil, GE, Genuity, Howell Corp., IBP, InfoSpace, Inktomi, Intel, Intuit, Juniper Networks, KLA Tencor, Magnetek, Network Equipment, Nokia, O2Micro International, Oracle, Pfizer, Pride International, Provalis Plc., Quanta Services, Qwest Communications International, R&B Falcon, Smithfield Foods, Stratus Services Group, Stamps.Com, Stem Cells, Storage Technology, Sun Microsystems, Sunoco, Tellabs, Texas Instruments, Too inc., Verio, Veritas DGC, Visual Data, Wal-Mart, Worldcom, Yahoo!, and Ziff-Davis.

MAIN REASONS FOR ACTIVITY

  • Technology and Internet stocks finally rallied due to the Federal Reserve FOMC decision of yesterday. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • CMGI gained 16.39% after announcing its plans to merge 17 businesses it owns majority stakes in. CMGI's move is to cut cost and reach profitability. 
  • The Clinton Administration announced that it will allow Japan's telecommunications behemoth NTT Communications, to acquire US Internet Service Provider (ISP) Verio. NTT is offering $5.5 billion for Verio, but the deal was held up due to national security reasons. Verio gained a fraction.
  • The Energy Intelligence Agency (EIA) reported an unexpected drop in US Crude oil stockpiles to the lowest levels in 24 years. Oil futures and energy related stocks rallied, while oil dependent stocks like airlines closed lower.
  • Oracle announced that it will start offering its sales force automation software for FREE at OracleSalesOnline.Com. Oracle intends to challenge industry leader Siebel Systems, and the upstart SalesForce.Com. SalesForce was funded by a former Oracle executive, and Oracle's CEO Larry Ellison holds a board seat in the company. Oracle closed down a fraction, while Siebel lost 2.87%. Give us your views here.
  • Intuit, the developers of personal and small business financial software Quicken and QuickBooks, reported fiscal Q4 losses of 4 cents a share, well lower than the First Call estimated losses of 9 cents a share. Over the year sales rose to $1.09 billion (16%). Internet sales doubled to $294 million, and online sales now represent 27% of total sales. Intuit will also start bundling the software of online stamp retailer Stamps.Com with its financial software packages. Inuit gained 18.59%, while Stamps.Com gained 33.33%.
  • IPOs Today: o2Micro International, a maker of integrated circuits, closed up 130.73% above its offering price. Key3Media Group, a spinoff of Ziff-Davis that stages tradeshows and conferences for the technology industry, debuted today on the NYSE at $6 a share. Ziff-Davis gained a fraction.
  • Cyberonics, a medical devices maker, reported quarterly losses yesterday that were a cent higher than First Call estimates. Cyberonics however, gained 30.30% today because over the year sales rose to $14.1 million, and that made many analysts to have positive comments.
  • Provalis' diagnostic division has received FDA approval to market its Diabetes therapy monitoring system Glycosal in the US. Provalis gained 100%.
  • Quanta Services, a telecommunications, cable, and electrical contractor, gained 6 1/4 after announcing a $400 million contract from Everet Communications.
  • Smithfield Foods, the largest US hog and pork producer, is buying a 6.3% stake in rival IBP for about $106 million. Food processor Archer Daniels Midland also owns a 12.2% stake in IBP. Smithfield gained 1 7/8, IBP gained 1 point, while Archer Daniels Midland gained a fraction.
  • A coalition headed by AOL, Exodus Communications, and Inktomi are teaming up to challenge Akamai Technologies in Internet content delivery. The Consortium, called Content Bridge, also include Adero, Digital Island, Genuity, Netrail, Madge Networks' Madge Web, and Xcelera's Mirror Image. Inktomi gained 8.17%, Genuity gained 7.14%, while AOL and Exodus gained fractions. Madge Networks, Xcelera and Akamai closed lower, with Akamai losing 3.25%.
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests 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 are still holding our picks. We don't think the market will have the steam to flirt with 5,000 points, considering today's direction. We still do expect a much broader rally for the rest of the week. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: 3 Dimensional, AMD, Amgen, Analog Devices, Ariad Pharmaceuticals, Ariba, Art Technology Group, Bea Systems, Chiron, Clarus Corp, Compugen, Dallas Semiconductor, DSL.Net, Dyax, Epimmune, Excite@Home, Genzyme Molecular Oncology, Gilead Sciences, Hitachi, II-VI inc., Ilex Oncology, Incyte Genomics, Integrated Telecom Express, Kana Communications, KLA Tencor, LifeMinders, LSI Logic, Lycos, McData, McleodUSA, National Semiconductor, Onyx Pharmaceuticals, Pegasystem, Pemstar, Priceline, Quokka Sports, Rambus, Tyler Technologies, Versicor, Viasystems Group, Vitesse Semiconductor, WJ Communications, Yahoo!, and the picks below. 
  • 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: 3 Dimentional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, ISTA Pharmaceuticals, JDS Uniphase, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Stem Cells, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., 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, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, 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, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D259--->

MARKET SUMMARY FOR TUESDAY AUGUST 22ND. 2000

DOW INDUSTRIAL: 11139.15  = +59.34

NASDAQ: 3958.21  = +5.06

S & P 500: 1498.13  = -1.35

MOST ACTIVE STOCKS & SECTORS

The Dow and NASDAQ closed higher after the Federal Reserve FOMC decide to leave interest rates unchanged. Retailing stocks got a boost on the news as investors went after these battered stocks, and almost totally ignored Internet and technology stocks. Banking, and Biotechnology stocks didn't do bad either. Gainers included: AMD, Ameritrade Holdings, Amgen, AOL, Ariba, AT&T Liberty, Biosource International, Bristol Myers Squibb, Chase Manhattan, Ciena Corp, Clarus Corp, Commerce One, Community Health Systems, Compaq, Citigroup, Crossroads Systems, DSL.Net, Ericsson, E*Trade Group, Evoke Communications, Ford Motor Co., FreeMarkets, The Gap, General Semiconductor, Gilead Sciences, Global Sources, Goldman Sachs, Honeywell International, Huffy Corp., ICTS International N.V., Immunex, Intel, JDS Uniphase, JP Morgan, The Limited, Maytag, Microsoft, Motorola, Neurobiological, Nextcard, Nokia, Nortel Networks, Ogden Corp, Opus360, Oracle, Phycor, Quokka Sports, Rambus, R&B Falcon, Rio Algom Ltd., Salton, Sun Microsystems, Sycamore Networks, Visteon Corp., and Wal-Mart.

MAIN REASONS FOR ACTIVITY

  • The Federal Reserve FOMC (Federal Open Market Committee) decided to leave interest rates unchanged. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on the Federal Reserve FOMC. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Defense Contractors again gained on Governor George Bush's indication in a speech Monday that if elected, he will increase defense spending. 
  • Intel demonstrated its 2GHz Pentium 4 chip today at the Intel Developers' Forum. Intel gained a fraction.
  • DSL.Net, a high speed Internet ISP, has been selected to be the bandwidth provider for IBM's small business customers for its WebConnections hosting services. DSL.Net closed up 99% and still gaining in after hours trading.
  • Bear Stearns initiated coverage with good recommendations and raised price targets on Business-to-Business (B2B) companies like Ariba, Opus360, and Commerce One.
  • Compaq gained after wining a $200 million contract to supply the US Department of Energy with an advanced supercomputer. The computer, code named "Q", will be used to simulate nuclear weapons testing.
  • Dutch aviation services company ICTS gained 30% after announcing that it is selling its ICTS Europe B.V. subsidiary to Frankfort (Germany) Airport's Civil Aviation Securities Services GmbH unit for $100 million.
  • Media Metrix, the Internet use measuring company reported today the July unique visitors to web properties data. AOL properties led with 62.5 million visitors, a 5.9% increase from June. Microsoft properties had 50.3 million, a 0.6% increase from June. Yahoo! properties had 49 million, a 2.0% increase from June.
  • Merrill Lynch analyst Henry Blodget expressed skepticism about Q3 advertising revenue growth for Yahoo! and AOL. Mr. Blodget thinks Yahoo! and AOL will post good but not too great advertisement or commerce revenues. Hmmmmm? Mr. Blodget, meet Media Metrix. Media Metrix, Mr. Blodget. Haven't we heard this same thing before for Q1, Q2, and now for Q3 too? Give us your views here. Anyway, Yahoo! closed down 2.25%, AOL gained 1 1/4, while Microsoft gained a fraction.
  • Microsoft filed its brief today to the US Supreme Court. As expected, Microsoft is requesting that the High Court allow an Appeals court to hear the case. A Supreme Court ruling on whether to hear the case could come as early as Monday next week.
  • Paytrust.Com and PayMyBills.Com, two leading Electronic Payment Systems (EPS), are merging, so it was announced today. The EPS market has been heating up lately and has attracted new players like AOL's Netscape.
  • Crossroads Systems, a networking and data storage related company, demonstrated the first Server-Free Backup capabilities. Crossroads soared 41.18% on the news in regular trading, but has given back about 5% of those gains in after hours trading.
  • AFTER CLOSE: NBC has purchased warrants for 10 million shares, or $141 million from Quokka Sports, the leading online sports content company. This is all part of the sweeping NBC/Quokka Olympic deal. NBC has up to 3 years to exercise the warrants. Quokka, which closed up a fraction in regular trading, is gaining aggressively in after hours trading.
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests 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 are still holding our picks. We don't think the market will have the steam to flirt with 5,000 points, considering today's direction. We still do expect a much broader rally for the rest of the week. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: 3 Dimensional, AMD, Amgen, Analog Devices, Ariad Pharmaceuticals, Ariba, Art Technology Group, Bea Systems, Chiron, Clarus Corp, Compugen, Dallas Semiconductor, DSL.Net, Dyax, Epimmune, Excite@Home, Genzyme Molecular Oncology, Gilead Sciences, Hitachi, II-VI inc., Ilex Oncology, Incyte Genomics, Integrated Telecom Express, Kana Communications, KLA Tencor, LifeMinders, LSI Logic, Lycos, McData, McleodUSA, National Semiconductor, Onyx Pharmaceuticals, Pegasystem, Pemstar, Priceline, Quokka Sports, Rambus, Tyler Technologies, Versicor, Viasystems Group, Vitesse Semiconductor, WJ Communications, Yahoo!, and the picks below. 
  • 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: 3 Dimentional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, Clarus Corp., ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Gilead Sciences, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, JDS Uniphase, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Neurobiological, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Opus360, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., 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, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, 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, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

<---D258--->

MARKET SUMMARY FOR MONDAY AUGUST 21ST. 2000

DOW INDUSTRIAL: 11079.81  = +33.33

NASDAQ: 3953.15  = +22.81

S & P 500: 1499.48  = +7.76

MOST ACTIVE STOCKS & SECTORS

The markets closed higher on the eve of the Federal Reserve FOMC meeting. Volume was light as most investors held back till tomorrow after the FOMC policy announcement. Retailing stocks closed lower again due to uncertainty about second half 2000 earnings. Profit taking pushed down semiconductor stocks. Gainers included: 3Com, Accelerated Networks, Advest Group, Agilent Technologies, American Eagle Outfitters, AOL, Armor Holdings, Becton Dickinson & Co., Boeing Co., Boston Scientifics, Broadvision, Cabletron Systems, C&D Technology, Ciena Corp, Cisco Systems, Citigroup, Citrix Systems, ClearNet Communication, Compaq, Copper Mountain, Evoke Communications, GC Companies, GE, Global Crossing, Halliburton, Harmonic, IBM, Informix, Intel, IXOS Software, JDS Uniphase, Keithley Instruments, Kroger Co., LifeMinders, Lion Biosciences AG, Manufacturer Services, Metris Companies, Microstrategy, Network Associates, Nokia, Oracle, Palm Computing, Pegasystem, Pfizer, Philip Morris, Precision CarParts, R&B Falcon, SBC Communications International, Schlumberger, Silicon Storage, Symantec, Talbots, Techniclon, Timberland, Tyler Technology, United Technologies, Verizon Communications, Viasystems Group, Vishay Intertechnology, Worldcom, and Yahoo! 

MAIN REASONS FOR ACTIVITY

  • Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on what the Federal Reserve FOMC will do on August 22. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Defense Contractors gained after Governor Bush indicated that if elected, he will increase defense spending. 
  • ClearNet gained 41.94% on news that Canadian telephone company Telus is paying US$4.48 billion in cash for the wireless services provider.
  • MicroStrategy and IBM are in an alliance to co-promote and co-market their products. Under the deal, IBM will start selling MicroStrategy's popular Customare Relationship Management (CRM) software. MicroStrategy will in turn start incorporating IBM's software products in software that will allow businesses combine Internet technologies with their traditional databases, so as to help businesses create and manage web information efficiently. MicroStrategy gained 40.77%, while IBM gained 1 point.
  • Ericsson is teaming up with Worldcom's Internet Backbone unit UUNet to develop an advanced General Packet Radio Services (GPRS) Internet services for mobile phones & wireless devices. GPRS allows devices to stay connected online. The deal also calls for the 2 companies to co-develop Wireless Application Protocol (WAP) software. Worldcom gained a fraction, while Ericsson lost a fraction.
  • Cabletron System's Entrasys Networks unit is paying $170 million for Indus River Networks, a provider of secure networks connections for corporations. Cabletron gained 2.82%.
  • McAfee.Com, a unit of Network Associates, announced that it is developing an anti-virus software for web enabled handheld devices and cell phones. The software will be PC based because of the limited memory in devices and phones. Symantec, another anti-virus software developer, is reportedly testing its Beta version. McAfee.Com lost 2.84%, while Network Associates closed up 3.48%.
  • Pegasystem gained 30.30% on news that AOL will continue using its Customer Relationship Management (CRM) software. AOL also gained (3.53%).
  • Verizon Communications gained a fraction after announcing that it has reached an agreement with about 75% of its striking unions.
  • Transocean Sedco Forex, the world's largest offshore oil-drilling company, is paying $5.3 billion in stocks for rival R&B Falcon. This puts Transocean lost 4 3/16, while Falcon closed up 3.97%.
  • Viasystems Group, a Contract Electronics Manufacturer (CEM), announced that it is buying Lucent's Rouen Global Provisioning Centre, a logistics and production center for Radio Telecommunications and Transmissions. Viasystems gained 7.81%, while Lucent lost 1 1/4. Visit our Quarterly Economic Forecast page for our outlook on the CEM sector.
  • DEVELOPMENTS TO WATCH: CNet reported that a high ranking Federal Trade Commission (FTC) official made known that it will be hard for the FTC to hold back AOL/Time Warner merger due to anti-trust charges concerning Instant Messaging (IM). AOL does not charge for its 2 IM services - AIM and ICQ. AOL now control the IM market by 70% and it keeps increasing. Other IM service companies want AOL to stop blocking their services from interacting with AOL's, and the want an IM Protocol standard.
  • YOU DIDN'T KNOW? We now make it easier for business entrepreneurs or entrepreneurs to be, to secure Government Contracts, Grants and Loans? Check it out at our Small Business Entrepreneurial Assistance Services Online page.
  • JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests 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 are expecting the Federal Reserve FOMC not to raise interest rates. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on what the Federal Reserve FOMC will do on August 22. Expect a strong rally on the news.
  • We are still holding our picks. In fact, we might be looking at a 5,000 points NASDAQ by August 25! Seriously, it is possible. Give us your point of view on this at our NEW and EXPANDED message boards here.
  • STOCKS TO WATCH NEXT MARKET DAY: 3 Dimensional, AMD, Amgen, Analog Devices, Ariad Pharmaceuticals, Ariba, Art Technology Group, Bea Systems, Chiron, Compugen, Dallas Semiconductor, Dyax, Epimmune, Excite@Home, Genzyme Molecular Oncology, Hitachi, II-VI inc., Ilex Oncology, Incyte Genomics, Integrated Telecom Express, Kana Communications, KLA Tencor, LifeMinders, LSI Logic, Lycos, McData, McleodUSA, National Semiconductor, Onyx Pharmaceuticals, Pegasystem, Pemstar, Priceline, Rambus, Tyler Technologies, Versicor, Viasystems Group, Vitesse Semiconductor, WJ Communications, Yahoo!, and the picks below. 
  • 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: 3 Dimentional, Accelerated Networks, Act Networks, Active Power, Advanced Electronic Support Products (AESP), Advanced Power Technology, Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, American Medical Systems, Amgen, Amtech Systems, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Art Technology Group, Ask Jeeves, Atherogenics, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Biospherics, Bruker Daltonic, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, ClearNet Communications, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Compugen, Concurrent Computer, Convergent Group, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, Exfo Electro-Optical Engineering, Evolve Software, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, Genzyme Molecular Oncology, GeoWorks, Giganet Wireless, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, II-VI inc., Ilex Oncology, Illumina, Immunex, Impath, Impsat Corp., Incyte Genomics, Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Integrated Telecom Express, Intel, Intermedia Communications, Internet Capital Group, JDS Uniphase, Juniper Networks, Kana Communications, Large Scale Biology, Legato Systems, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Microsoft, National Security, Neoforma.Com, Net2Phone, NetSilicon, Netsolve, Network Commerce, Network Computing Devices, New Tel, Nhancement Technology, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, Peco II, Pegasystem, Pemstar, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, Regenerate Technologies, Repeater Technologies, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Target Genetics, TCSI, Tegal Corp., Telecommunications Systems, Telik, Telular Corp., Terra Networks SA, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, Tyler Technologies, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Versicor, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WJ Communications, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

 Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technologies, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, C&D Technology, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, CTS Corp., 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, Halliburton, Hewlett Packard, Hitachi, Home Depot,  H Power Corp, IBM, Infineon, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Medicis Pharmaceuticals, 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, Sungard Data System, Texas Instruments, Transocean Sedco Forex, Tyco International, Unisys, Viasystems Group, Videsh Sanchar Nigam Ltd, Vishay Intertechnology, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

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MARKET SUMMARY FOR FRIDAY AUGUST 18TH. 2000

DOW INDUSTRIAL: 11047.49  = -8.15

NASDAQ: 3930.79  = -10.08

S & P 500: 1491.70  = -4.37

MOST ACTIVE STOCKS & SECTORS

The markets closed lower as investors start an early Virgil of the Federal Reserve FOMC meeting on Tuesday. Volume was light as expected on Fridays. Gainers included: Abercrombie & Fitch, Agilent Technologies, Alysis Technology, AMD, American Tower, Atmel Corp, BMC Software, Brio Technology, Cisco Systems, Compaq, Computer Associates, Conexant System, Covad Communications Group, Dendreon Corp, EMC Corp, Exodus Communications, Ford Motor Co., GM, Harmonic, Heico Corp, Hewlett Packard, Home Depot, HomeSeekers.Com, IAsiaWorks inc., II-VI inc., Intel, Integrated Telecom Express, Intertrust Technology, JDS Uniphase, Keithley Instruments, Lexar Medical, Maxtor, MyTurn.Com, National Power Plc, National Semiconductor, Netsilicon, Nhancement Technology, Nortel Networks, Peco II inc., Read Rite, Silverline Technology, Spectrum Control, Sun Microsystems, Tektronix, Texas Instruments, Tyler Technology, Verizon Communications, Viasystems Group, Wal-Mart, Western Digital, and WJ Communications. 

MAIN REASONS FOR ACTIVITY

  • The US Trade deficit rose to $30.6 billion in June, but almost One billion dollars less than economists forecasted. The strong US economy is attracting foreign investments. Visit our redesigned Federal Reserve Monetary Policy Analysis page to read more on what the Federal Reserve FOMC will do on August 22. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • Roth Capital initiated coverage of II-VI inc. with a "strong buy" rating. II-VI gained 66.55%.