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THE "DAILY BREAD" FOR THE MARKET

 

Daily Morning Insights on the Market

<---D370--->

MARKET SUMMARY FOR WEDNESDAY JANUARY 31ST. 2001


  DOW INDUSTRIAL: 10887.36  = +6.16

NASDAQ: 2772.73  = -65.62

S & P 500: 1367.11  = -7.72

MOST ACTIVE STOCKS & SECTORS



The markets closed mixed after the Federal Reserve FOMC cut interest rates (visit our Federal Reserve Monetary Policy Analysis page to read more). The NASDAQ dropped after the Federal Reserve announced the rate cuts. NASDAQ trading volume was very heavy at over 2.378 billion shares traded. Gainers included: 3DO, Advanced Fibre Communications, Advanced Semiconductor Engineering, AMD, Applied Digital, Badger Paper, Be Free inc, Biolase Technology, Biora AB, BlueFly, Comdisco, Covance, Data Critical, Delia's Corp, Dimon, Emerson Electric, Enron Corp, Ericsson, ExxonMobil, F5 Network, General Cable, Halliburton, Home Depot, Ikon Office, Introgen Therapeutics, Linen'n'Things, Log On America, Lucent technologies, Luminent, Manufacturers Services, MarketWatch.Com, MP3.Com, New Focus, New York Times, Pac Internet, Pfizer, Rand capital Corp, Registry Magic, Shopko Stores, Transocean Sedco, Wal-Mart, and Western Digital.

MAIN REASONS FOR ACTIVITY

  • US Gross Domestic Product (GDP) grew a mere 1.4% in Q4 2000, the weakest growth since Q2 1995. The slowing growth is attributed to slowing consumer spending, business investment, and housing expenditure. The Implicit Price (Inflation) Deflator rose a modest 2.1%, but still its highest rise since Q1 1999.
  • US New Home Sales rose a surprising 975,000 units in December, due mostly to cheap fixed mortgage rates. The Midwest accounted for the growth.
  • Chicago Purchasing Managers reported that their PMI Index for January dropped to 40.2% - any point below 50% is a contraction. All the indices dropped, except the Prices paid Index, which rose to 62.9%.
  • The Energy Information Agency (EIA) and the American Petroleum Institute (API) reported that for week ending January 26th, US Crude Oil inventories dropped 3.6 million barrels and 5.6 million barrels respectively. Reuters Survey of analysts expected an increase of 500,000 barrels! The EIA and API reported that Distillates dropped 1.7 million barrels and 425,000 barrels respectively. Reuters survey expected a decrease of 1.3 million barrels. 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 with a UK and Ireland subsidiary portal, and our Canadian subsidiary beginning operations February 28th. 2001. 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.
  • Fiber Optics products supplier New Focus gained 21.90% after reporting fiscal Q4 earnings of 4 cents a share, well better than the First Call estimated loss of 3 cents a share. New Focus also raised its year 2001 earnings outlook.
  • Telecommunications equipment maker Advanced Fibre Communications gained 20.67% after beating fiscal Q4 earnings by 6 cents a share. US Bancorp analyst Frank McEvoy also had positive comments about the company.
  • Biolase Technology gained 27.63% after the FDA approved its laser teeth whitening technology.
  • Shopko Stores gained 14% after announcing plans to close 23 stores and cut 2,300 jobs as part of its cost cutting efforts.
  • AOL Time Warner closed lower despite AOL reporting fiscal Q4 earnings of 15 cents a share, 1 cent a share better than First Call estimates, and 3 times the Q4 1999 earnings.
  • Comdisco gained gained after reporting fiscal Q1 earnings of 56 cents a share, 6 cents a share better than First Call estimates.
  • AFTER CLOSE: Interactive Entertainment Software developer 3DO, which gained in regular trading, reported fiscal Q4 losses of 27 cents a share, 3 cents a share bigger losses than First Call estimates.
  • AFTER CLOSE: WebMethods, which lost 6.02% in regular trading, reported fiscal Q3 earnings of 5 cents a share, a whopping 4 cents a share better than First Call estimates. Quarterly sales rose 237% to $59.4 million.
  • AFTER CLOSE: Storage Network, which lost 3.46% in regular trading, reported fiscal Q4 losses of 36 cents a share, 8 cents a share less losses than First Call estimates. Revenues rose from $3.1 million in Q4 1999 to to a whopping $21.2 million in Q4 2000.
  • AFTER CLOSE: MP3.Com reported fiscal Q4 losses of 5 cents a share, 8 cents a share less losses than First call estimate.
  • AFTER CLOSE: Nanogen, which lost 2.27% in regular trading, reported fiscal Q4 losses of 29 cents a share, 5 cents a share less losses than First Call estimates.
  • NEW SERVICE: Now that we have our United Kingdom and Ireland subsidiary BusinessJeeves UK & Ireland. up and running, we want to inform you dedicated fans that our Canadian (English) Subsidiary BusinessJeeves Canada will be up February 28th. 2001. We are confident, the quality of our content will keep you coming back.
  • 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 Federal Reserve FOMC decision is over and the after hours earnings reports seem positive. We might see a technology rally for the rest of the week. Then again, something else can spoil the fun.
  • 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.

 

<---D369--->

MARKET SUMMARY FOR TUESDAY JANUARY 30TH. 2001


  DOW INDUSTRIAL: 10881.20  = +179.01

NASDAQ: 2838.35  = +0.01

S & P 500: 1373.73  = +9.56

MOST ACTIVE STOCKS & SECTORS



The markets rallied on the first day of  the Federal Reserve FOMC meeting. The Dow was hot as consumer confidence numbers increase the chances of larger interest rate cuts. Technology heavy NASDAQ on the other hand, struggled all day to barely close in the positive. NASDAQ trading volume was very heavy at over 2.074 billion shares traded. Gainers included: ADC Telecommunications, AMD, American Express, Apple, Applied Materials, Arch Chemicals, Ariba, AT&T, AT&T Liberty, Bank of America, Cable Design, Cisco Systems, Coastal Corp, Compaq, Corvis Corp, eBay, Ericsson, ExxonMobil, GE, General Cable, Genesco, Gillette Co, Home Depot, IBM, Informix, Iomega, JDS Uniphase, JP Morgan Chase & Co, Kmart, Level3 Communications, Lucent Technologies, Nextel Communications, Nortel Networks, Openwave Systems, Pfizer, Phillips Van Heusen, PMC-Sierra, Shopko Stores, Texas Instruments, Three Five Systems, TiVo, Transocean Sedco, Trump Hotels, Value City Department Stores, Vesta Insurance, Xerox Corp, and Yankee Candle.

MAIN REASONS FOR ACTIVITY

  • The Conference Board reported that the US Consumer Confidence Index for January 2001 dropped 14.2 points to 114.4, a much larger drop than economists were expecting, and the index is now at its lowest point in 4 years. All the indices that make up the main all declined or moved in a direction that showed a lack of confidence. 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 with a UK and Ireland subsidiary portal, and our Canadian subsidiary beginning operations February 28th. 2001. 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.
  • TiVo gained 11.11% after reporting fiscal Q4 losses of $2.19 a share, 33 cents a share less losses than First Call estimated. TiVo also added 63,000 customers in for fiscal Q4, and has added 17,000 more since to a total customer base of 153,000.
  • El Paso Energy Group announced that it is cutting 10%, or 1,650 of its workforce as part of its restructuring plan since paying $24 billion to acquire Coastal Corp. El Paso Energy closed lower, while Coastal gained.
  • AOL Time Warner and Yahoo! closed lower despite good comments from Merrill Lynch analyst Henry Blodget. Mr. Blodget named AOL Time Warner, Amazon, eBay, DoubleClick, Openwave Systems, and Yahoo! as good buys because they seem to have passed their most tumultuous times. Only eBay and Openwave that gained today from the group.
  • AFTER CLOSE: Amazon, which lost 5.90% in regular trading, is also losing in after hours trading after reporting fiscal Q4 losses of 25 cents a share, 1 cent a share less losses than First Call estimates, and less than half its Q4 1999 losses. Amazon however, reduced its sales growth forecast for 2001 to around 20% to 30%, or between $3.3 billion to $3.6 billion from the previous $4 billion. Amazon also announced that it is cutting its staff by 1,300 and closing a distribution center in Georgia, and a Customer support center in Washington.
  • AFTER CLOSE: Applied Materials, which gained 4.48% in regular trading, is losing in after hours trading after issuing a fiscal Q1 earnings warning.
  • AFTER CLOSE: Software Developer Adobe Systems continued its losses in after hours after issuing an earnings warning.
  • NEW SERVICE: Now that we have our United Kingdom and Ireland subsidiary BusinessJeeves UK & Ireland. up and running, we want to inform you dedicated fans that our Canadian (English) Subsidiary BusinessJeeves Canada will be up February 28th. 2001. We are confident, the quality of our content will keep you coming back.
  • 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 Federal Reserve FOMC will decide how the markets behave tomorrow. Technology stocks should rally if the interest rate cut is deep enough (we think they will be).
  • 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.

 

<---D368--->

MARKET SUMMARY FOR MONDAY JANUARY 29TH. 2001


  DOW INDUSTRIAL: 10702.19  = +42.21

NASDAQ: 2838.34  = +57.04

S & P 500: 1364.17  = +9.22

MOST ACTIVE STOCKS & SECTORS



The markets rallied on the eve of the Federal Reserve FOMC meeting. Gainers included: Agile Software, AOL Time Warner, Apple, Applied Materials, AT&T, Broadcom, Compaq, Covad Communications Group, Ericsson, Intel, Microsoft, Nortel Networks, Oracle, Portal Software, PSINet, Qualcomm, Sun Microsystems, Texas Instruments, Vignette, and Worldcom.

MAIN REASONS FOR ACTIVITY

  • 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.
  • Technology stocks rallied despite a cautious statement from Cisco's CEO about the quarter.
  • Intel gained after announcing that it will compete against Transmeta in low energy high performance chips.
  • DaimlerChrysler closed lower despite announcing plans to cut 26,000 jobs and close 13 plants in its North American Operations.
  • Disney gained 3.39% after announcing that it will close down its Go.Com network and realign its Disney Internet Group unit with the parent company. The changes are expected to cost 400 jobs.
  • NOTE: Due to technical problems, today's column will be short, and was published late. We apologize for any inconvenience this will cause our loyal fans.
  • 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 markets will react unpredictably early next week until the Federal Reserve FOMC make their interest rates decision.
  • 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.

 

<---D367--->

MARKET SUMMARY FOR FRIDAY JANUARY 26TH. 2001


  DOW INDUSTRIAL: 10659.98  = -69.54

NASDAQ: 2781.30  = +27.02

S & P 500: 1354.95  = -2.56

MOST ACTIVE STOCKS & SECTORS



The markets closed mixed. The NASDAQ struggled all day to barely overcome the negative effects of Ericsson, and PMC-Sierra earnings problems.  The NASDAQ had a heavy trading volume for a Friday at over 2.272 billion shares. Gainers included: Art Technology Group, Atmel, Broadcom, Budget Group, Centura Banks, Ciena Corp, Compaq, Conseco, Covad Communications Group, Critical Path, Dell, EMC Corp, Exodus Communications, Fair Isaac & Co, Flextronics, Genelabs Technology, Go2Pharmceuticals, Green Mountain, HomeStore.Com, IBM, Ikon Office, Infinium Software, Intel, Irvine Sensors, ITT Education, JC Penney, JDS Uniphase, JP Morgan Chase & Co, Kenan Transport, Labor Ready, Lucent technologies, Made2Manage Systems, Microsoft, Motorola, Nokia, Notify Technology, Oracle, Packeteer, Polymer Group, PPT Vision, Qualcomm, Remedy Corp, Rent-Way, Rouge Industries, Sara Lee, Staples, Sun Microsystems, Symphonix Devices, Twinlab Corp, Vodafone Group, Worldcom, WR Grace & Co., and Zymetx.

MAIN REASONS FOR ACTIVITY

  • US Durable Goods Orders rose 2.2% in December, well stronger than what economists were expecting. New Orders now stand at $214.328 billion, with the biggest gains coming from Transportation and Electronics equipments and component makers. 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 Onl