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THE "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---D360--->

MARKET SUMMARY FOR WEDNESDAY JANUARY 17TH. 2001


  DOW INDUSTRIAL: 10584.34  = -68.32

NASDAQ: 2682.78  = +64.23

S & P 500: 1329.47  = +2.82

MOST ACTIVE STOCKS & SECTORS



The markets rallied as encouraging earnings from technology stocks boosted the NASDAQ to its best close of the year. The NASDAQ had a very very heavy trading volume of over 2.820 billion shares. Gainers included: AMD, AOL Time Warner, Applied Micro Circuits, Applied Materials, AT&T, AT&T Liberty, Aviation Sales, Broadcom, Cisco Systems, CMGI, Compaq, Cosine Communications, Corning, Dell, EMC Corp, Engage Technologies, Epimmune, Ericsson, Exodus Communications, Extreme Networks, Healthaxis, Hewlett Packard, Honeywell, i2 technologies, IBM, International Multifoods, JDS Uniphase, Juniper Networks, Kent Electronics, KLA Tencor, Lucent Technologies, Mazel Stores, Metals USA, Microsoft, Motorola, Nokia, Nortel Networks, Novellus, Oracle, Packeteer, QRS Corp, Redback Networks, Rent-Way, Retek, Sanmina, Sohu.Com, STM Wireless, StyleClick, Sun Microsystems, Symantec, Texas Instruments, Trader.Com, TransGenomics, V3 Semiconductor, Wachovia Bank, Williams Communications, Worldcom, and Yahoo!

MAIN REASONS FOR ACTIVITY

  • The US Consumer Price Index (CPI), a good measure of consumer inflation, rose 0.2% in December - in line with expectations. The Core CPI, which excludes the volatile energy and food, rose only 0.1%.
  • The National Association of Home Builders (NAHB) Housing Marketing Index dropped to 54 in January 2001, its lowest level since February 1997. All other indices including the 6 month outlook declined.
  • US Industrial Production fell 0.6% in December. Capacity Utilization also dropped to 80.6%.
  • The Federal Reserve Districts "Beige Book" report of economic activity shows a slowing growth, tight labor market, but a weak holiday sales. We will have the complete analysis tomorrow at our Federal Reserve Monetary Policy Analysis page. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • SPECIAL ANNOUNCEMENT: Due to family medical problems, we have put our business operations up for sale with WebMergers.Com. We can also be found at BizBuySell.Com Online Properties unit, a new service run with WebMergers.Com. We are a family run operation that owns this web portal. The UK and Ireland portal will be in beta testing hopefully before the end of November. We also own over 70 other domain names of influential financial services companies we acquired to set up a financial complaint site (it is legal to use these names to set up a complaint site, but not to resell to these companies in hopes of making a profit). To view the domain names, click here. Please pass the word around about this announcement. We will miss you all. We can be contacted by visiting Contact Information page.
  • Boeing reported that its fiscal Q4 profits rose 36%. Boeing earned $1.01 a share, well better than First Call's 91 cents a share estimate.
  • JP Morgan Chase and Bank One closed lower after reporting fiscal Q4 profits that were below estimates.
  • GM reported fiscal Q4 earnings of $1.15 a share, 3 cents a share better than First Call estimates, but a whopping 51% off from previous year. GM also warned that fiscal Q1 2001 will be rough. GM lost a fraction.
  • GE lost a fraction after reporting fiscal Q4 earnings of 36 cents a share, in line with First call estimates, and 16% higher from the previous year. Revenues rose 6% and the company promised that 2001 will be another record year.
  • AFTER CLOSE: Symantec, the security software company which gained 3.68% in regular trading, reported fiscal Q3 earnings of 78 cents a share, 5 cents a share better than First Call estimates. Symantec also announced a $700 million stock buyback.
  • AFTER CLOSE: KLA Tencor, the chip company which gained 8.57% in regular trading, reported fiscal Q2 earnings of 57 cents a share, 2 cents a share better than First Call estimates. KLA Tencor's revenues rose 73% to $573.1 million.
  • AFTER CLOSE: i2 Technologies, the B2B software company which gained 11.84% in regular trading, reported fiscal Q4 earnings of 9 cents a share, one cent a share better than First Call estimates.
  • AFTER CLOSE: Xilinx, which lost 0.26% in regular trading, reported fiscal Q3 earnings that meet estimates by one cent. Revenues were up 3%.
  • AFTER CLOSE: Sanmina, a contract equipment manufacturer (CEM) reported fiscal Q1 earnings of 34 cents a share, 2 cents a share better than First Call estimates.
  • AFTER CLOSE: Scient reported fiscal Q3 losses of 13 cents a share, 3 cents a share less losses than First Call estimates.
  • AFTER CLOSE: Quantum reported fiscal Q3 earnings of 4 cents a share, well better than First Call loss estimates of 11 cents a share.
  • AFTER CLOSE: IBM, which gained 4.25% in regular trading, reported fiscal Q4 earnings of $1.48 a share, 2 cents a share better than First Call estimates. Global Services revenue grew 5%, while software revenue dropped 1%.
  • AFTER CLOSE: Apple reported fiscal Q1 loss totaled 58 cents a share. Apple announced that it has cleaned out its unsold inventory of Macintosh which should put it back in the black this quarter. Apple also announced that it still has $4 billion in cash. Apple is gaining in after hours trading.
  • AFTER CLOSE: Advanced Micro Devices (AMD) which gained 8.03% in regular trading, reported fiscal Q4 earnings of 53 cents a share, 2 cents a share less than First Call estimates, but double previous year's. Sales rose 21%. AMD is warning about the First quarter of 2001.
  • AFTER CLOSE: Extreme Networks, which gained 10.85% in regular trading, is losing in after hours after reporting fiscal Q2 earnings of 11 cents a share, in line with First Call estimates. Extreme's revenues almost tripled to $144.7 million for the year.
  • NEW SERVICE: Our United Kingdom and Ireland subsidiary BusinessJeeves UK & Ireland. decided to start covering the London Stock Exchange TODAY January 2nd. 2001. We are confident, the quality of our content will keep you coming back. Be advised, this is a late edition daily column.
  • 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

  • The after hours earnings reports look very impressive again and could broaden today's rally tomorrow.
  • Be on the lookout for more technology stocks rally and stock buybacks from technology and Internet powerhouses like AOL, Ariba, Inktomi, Microsoft, Nortel Networks, PMC-Sierra, Qualcomm, Yahoo!, etc.
  • BARGAINS ANYONE?
  • STOCKS TO WATCH NEXT MARKET DAY: Technology! Internets! Technology!! Internets!!.
  • Check out our Quarterly forecasts for other picks.



NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, 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, Arena Pharmaceuticals, 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, Calypte Biomedical, 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, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, 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, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Lattice Semiconductor, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., 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, Redback Networks, 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 Time Warner, 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 Penney, 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, and Wells Fargo.

 

<---D359--->

MARKET SUMMARY FOR TUESDAY JANUARY 16TH. 2001


  DOW INDUSTRIAL: 10652.66  = +127.28

NASDAQ: 2618.55  = -7.95

S & P 500: 1326.65  = +8.33

MOST ACTIVE STOCKS & SECTORS



The markets closed mixed on earnings fears. The NASDAQ rallied in the last hour to post less losses. The NASDAQ had a heavy trading volume of over 2.074 billion shares. Gainers included: 3M, Ackerley Group, Amylin Pharmaceuticals, AOL Time Warner, Ariba, AT&T, AT&T Liberty, Bank of America, Breakaway Solutions, Cisco Systems, Citadel Communications, Citigroup, CMGI, Comcast, Cuseeme Networks, Del Monte, Digital Lava, eBay, EMC Corp, Engage Technologies, Exodus Communications, GE, Genaissance Pharmaceuticals, GM, Hughes Electronic Corp, Hunt Corp, Kmart, Loral Space, Merck, Northpoint Communications,  Pfizer, Philip Morris, PSINet, Ralston Purina, Samsonite, Screaming Media, Spectra-Physics Lasers, Sun Microsystems, Symyx Technology, Toyota Motor Co., Tyco International, Wal-mart, Wells Fargo & Co., Wesco International, Xircom, and Yahoo!

MAIN REASONS FOR ACTIVITY

  • US Business Inventories grew 0.5% in November - in line with economists' estimates. Inventory to sale ratio jumped to 1:36. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • SPECIAL ANNOUNCEMENT: Due to family medical problems, we have put our business operations up for sale with WebMergers.Com. We can also be found at BizBuySell.Com Online Properties unit, a new service run with WebMergers.Com. We are a family run operation that owns this web portal. The UK and Ireland portal will be in beta testing hopefully before the end of November. We also own over 70 other domain names of influential financial services companies we acquired to set up a financial complaint site (it is legal to use these names to set up a complaint site, but not to resell to these companies in hopes of making a profit). To view the domain names, click here. Please pass the word around about this announcement. We will miss you all. We can be contacted by visiting Contact Information page.
  • Online auction giant eBay gained 9.36% after announcing that it will increase listing fees on its auction sites, and 10 day auctions will now be charged an extra 10 cents besides the fee.
  • Wells Fargo rose 2.57% after announcing that its profits rose 9% in fiscal Q4 due to the success of its recent mergers.
  • Bank of America rose 3.82% despite reporting earnings that were 27% less than the year before. Bank of America blamed the poor performance on bad investments and loans.
  • Citigroup gained 2.94% after announcing that its profits rose 11% in fiscal Q4 due to growth in consumer banking business.
  • Ralston Purina gained 27.92% on news that Swiss food giant Nestle S.A. is paying $10.3 billion for the company.
  • Hughes Electronics Corp. and parent GE gained 11.48% and 5.44% respectively after Hughes announced that its Q4 cash flow was boosted by strong sales in its DirecTV unit.
  • Satellite mobile phone company GlobalStar lost 45.08% after announcing that it will stop paying debts but save cash so as to operate till year 2002.
  • Radio stations operator Citadel Communications gained 41.43% on news that Fortsmann Little & Co. is acquiring it for $1 billion in cash and assuming all debts.
  • Toyota Motor Company gained 13.68% after announcing a $2.1 billion stock repurchase plan.
  • Xircom gained 36.51% on news that Intel is paying $25/share for the company.
  • AFTER CLOSE: Novellus reported fiscal Q4 earnings of 76 cents a share, 6 cents a share better than First Call estimates. Novellus closed lower in regular trading but is rising in after hours trading.
  • AFTER CLOSE: Advanced Micro Circuits reported fiscal Q3 earnings of 16 cents a share, 2 cents a share better than First Call estimates. Advanced Micro Circuits is gaining in after hours trading after closing lower in regular trading.
  • AFTER CLOSE: Intel, which closed lower in regular trading, is gaining in after hours trading after reporting fiscal Q4 (lowered) earnings of 38 cents a share, One cent a share better than First Call estimates. Intel's fiscal Q4 sales rose 6% to $8.70 billion.
  • AFTER CLOSE: Juniper Networks, which closed lower in regular trading, is gaining in after hours trading after reporting fiscal Q4 earnings of 24 cents a share, a whopping 6 cents a share better than First call estimates. Juniper's Net revenues for year 2000 rose to an impressive $673.5 million (the company expected between $625 million to $640 million).
  • NEW SERVICE: Our United Kingdom and Ireland subsidiary BusinessJeeves UK & Ireland. decided to start covering the London Stock Exchange TODAY January 2nd. 2001. We are confident, the quality of our content will keep you coming back. Be advised, this is a late edition daily column.
  • 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

  • The after hours earnings reports today have looked very impressive so far. If all the major companies post strong earnings numbers like Juniper Networks, Novellus, and Advanced Micro Circuits, we will not only dare say the markets will rally tomorrow, but we might be heading out of this Technology stocks slump.
  • Be on the lookout for more technology stocks rally and stock buybacks from technology and Internet powerhouses like AOL, Ariba, Inktomi, Microsoft, Nortel Networks, PMC-Sierra, Qualcomm, Yahoo!, etc.
  • BARGAINS ANYONE?
  • STOCKS TO WATCH NEXT MARKET DAY: Technology! Internets! Technology!! Internets!!.
  • Check out our Quarterly forecasts for other picks.



NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, 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, Arena Pharmaceuticals, 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, Calypte Biomedical, 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, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, 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, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Lattice Semiconductor, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., 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, Redback Networks, 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 Time Warner, 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 Penney, 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, and Wells Fargo.

 

<---D358--->

MARKET SUMMARY FOR FRIDAY JANUARY 12TH. 2001


  DOW INDUSTRIAL: 10525.23  = -84.17

NASDAQ: 2626.50  = -14.07

S & P 500: 1318.32  = -8.50

MOST ACTIVE STOCKS & SECTORS



The markets closed lower on profit taking day. The surprise was how aggressive low stocks opened, then reversed in the afternoon to some surprisingly mild profit taking. The NASDAQ had a very heavy trading volume for a Friday of over 2.520 billion shares. Gainers included: 24/7 Media, Alliance Pharmaceuticals, Applied Digital, Applied Micro Circuits, AT&T, AT&T Liberty, Avenue A, Aviation Sales, Bea Systems, Bioanalytical, Breakaway Solutions, Coca Cola Enterprises, Comcast, Coricom C.A., Corning, Cox Communications, Craig Corp, DeltaThree, DoubleClick, Engage Technologies, Ericsson, Excite@Home, General Cable, International Shipbuilding Corp, Jabil Circuits, JDS Uniphase, Kmart, Lante Corp, Lucent Technologies, MarchFirst, Marvel Enterprises, Micron Tech, Palm, Pfizer, Predictive Systems, RazorFish, Rite Aid, Scient, Starbucks, Terayon Communications, Tricom S.A., Tyco International, Xerox Corp, and Yahoo!

MAIN REASONS FOR ACTIVITY

  • US Producer Price Index (PPI), a good measure of manufacturers inflation, was unchanged in December. Core PPI, which excludes the volatile energy and food sector, grew 0.3%, well above expectations and at the highest level since May.
  • US Retail Sales grew 0.1%, well above expectations. Surprisingly, durable goods like auto sales rose, while retail sales (excluding autos) and non-durables were unchanged. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
  • SPECIAL ANNOUNCEMENT: Due to family medical problems, we have put our business operations up for sale with WebMergers.Com. We can also be found at BizBuySell.Com Online Properties unit, a new service run with WebMergers.Com. We are a family run operation that owns this web portal. The UK and Ireland portal will be in beta testing hopefully before the end of November. We also own over 70 other domain names of influential financial services companies we acquired to set up a financial complaint site (it is legal to use these names to set up a complaint site, but not to resell to these companies in hopes of making a profit). To view the domain names, click here. Please pass the word around about this announcement. We will miss you all. We can be contacted by visiting Contact Information page.
  • AT&T gained 5.11% after agreeing to offer about $2.9 billion in stocks to acquire the the outstanding shares of Cox Communications and Comcast in Excite@Home. Now, AT&T has a 38% ownership, or 79% voting interest in Excite@Home. All companies involved in the deal gained.
  • Applied Digital gained 41.30% after announcing the acquisition of Transatlantic Software.
  • Bioanalytical gained 38.75% due to a strong fiscal Q1.
  • Internet consulting stocks like MarchFirst and Lante gained aggressively on bargain hunting.
  • Online advertising stocks were the hottest stocks on the NASDAQ after DoubleClick and 24/7 Media earnings figures suggest the online advertisement market is growing aggressively.
  • US District Judge J. Frederick Motz dismissed 38 private lawsuits against Microsoft brought on by PC makers. The Judge claimed that those companies got their Windows software inside their PCs. Meanwhile, the Department of Justice and State lawyers are asking the US Court of Appeals in DC to uphold the decision to split Microsoft because it displays classic monopolistic powers. Microsoft lost 2.73%.
  • America Online (AOL) lost 1.61% despite the FCC conditional approval of its merger with Time Warner as analysts become pessimistic about how the venture will cut cost and perform in this slowing economy.
  • Ariba lost 18.8% despite reporting earnings that beat estimates yesterday. Eight brokerage houses downgraded Ariba on worries that the company will not keep up with its phenomenon growth in the coming quarters.
  • AFTER CLOSE: Breakaway Solutions, which gained 8.11% in regular trading, is gaining aggressively in after hours trading after announcing cash investment and vote of confidence from Internet Capital Group.
  • NEW SERVICE: Our United Kingdom and Ireland subsidiary BusinessJeeves UK & Ireland. decided to start covering the London Stock Exchange TODAY January 2nd. 2001. We are confident, the quality of our content will keep you coming back. Be advised, this is a late edition daily column.
  • 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

  • After today's very limited profit taking and and really no bad news getting into the weekend, we are expecting the markets to rally next business day. All said and done, the slew of financial stocks and Intel reporting earnings next Tuesday will determine how the markets behave in the first part of the week.
  • Yahoo! lowering its 2001 estimates is to say the least, a good move due to the uncertain conditions with the economy. Some analysts have insisted that Yahoo! doesn't want to admit it can't grow its advertisement base due to Dot Com failures, but will rather blame it on a slowing economy. Really? Unless you have been on Mars these past 3 months, you would have noticed that even the most respected names in technology and other sectors have issued earnings warnings and announced plans to cut back as the economy continues to slow. Basic economics dictates companies will cut expenses, including advertisement, in other to stay afloat. What makes Yahoo! so different that it can't claim a slowdown due to the slowing economy? We continue to recommend Yahoo! as one of our top picks, and actually expect an upside surprise by Q2 2001.
  • Be on the lookout for more technology stocks rally and stock buybacks from technology and Internet powerhouses like AOL, Ariba, Inktomi, Microsoft, Nortel Networks, PMC-Sierra, Qualcomm, Yahoo!, etc.
  • BARGAINS ANYONE?
  • REITERATION: The battered Technology, Internet, and Biotechnology stocks ARE very attractive now. Non-PC chip makers, and networking gear companies especially. We are still holding our picks though. Give us your views on this observation  here.
  • STOCKS TO WATCH NEXT MARKET DAY: Technology Biotechnology, and Internet Infrastructures stocks are a bargain.
  • Check out our Quarterly forecasts for other picks.



NASDAQ:

 Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: 3 Dimensional, 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, Arena Pharmaceuticals, 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, Calypte Biomedical, 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, Copper Mountain Networks, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Dallas Semiconductor, Decode Genetics, Dell, DeltaGen, Disc, Discovery Partners International, Dyax, ebay, Ecogen, Efficient Networks, Elan Corp. PLC, Emerge Interactive, Entravision Communications, Epicor Software, E-piphany, ePlus, Equinix, Ericsson, Esperion Therapeutics, EuroWeb, Excite@Home, EXE Technologies, 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, Keryx Biopharmaceuticals, Juniper Networks, Kana Communications, Large Scale Biology, Lattice Semiconductor, Legato Systems, Liberate Technologies, LifeMinders, Linear Technology, Lion BioSciences AG, Looksmart, Luminex, McData, McLeodUSA, The Medicines, Metasolv Software, Methode Electronics, Metricom, Metrix One, Metron Technology N.V., 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, Redback Networks, 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,