THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR FRIDAY OCTOBER 5TH. 2001

DOW INDUSTRIAL: 9119.77 = +58.89

NASDAQ: 1605.30 = +7.99

S & P 500: 1071.38 = +1.78

MOST ACTIVE STOCKS & SECTORS

The markets closed the week on a high note. The NASDAQ, which started a slow rally at 11:00 AM, had a very heavy trading volume of over 1.836 billion, while the Dow had a volume of over 1.296 billion shares traded. Gainers included: Actuant Corp, Agere Systems, Apple, Applied Materials, Applied Micro Circuits, AT&T Wireless, Bea Systems, Boykin Lodging, Broadcom, Brocade Communications, Ciena Corp, Citigroup, Cisco Systems, Corel Corp, Dell, EMC Corp, Ericsson, ExxonMobil, First Community Financial, France Telecom, Gateway, GE, General Dynamics, Hewlett Packard, IBM, Intel Corp, Invision Technology, Juniper Networks, Lucent Technologies, Magal Security, Metrologic Instruments, Micromuse, Microsoft, Motorola, Newport News Shipbuilding, Nokia, Northrop Grumman, Oracle, Pearson Plc, Pfizer, Qlogic, Saks inc, Siebel Systems, Starbucks, Sun Microsystems, Symbol Technology, TDK Corp, Texas Instruments, United Industries, Universal Compression Holdings, US Airways, Veritas Software, Wal-Mart, and Watson Wyatt.

MAIN REASONS FOR ACTIVITY

• US Payroll Employment declined 199,000 in September, twice what economists were expecting. The US Unemployment Rate was unchanged at 4.9%, while US Hourly earnings rose 0.2% since July. The Caution here is, these figures do not include the September 11th. terrorist attacks, which are going to be reflected in the October figures.

• The Economic Cycle Research Institute (ECRI) reported that, its Future Inflation Gauge index (ECRI FIG) held steady in September at 99.4. 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.

• The markets staged a late rally after President George W. Bush proposed at least another $60 billion tax cut so as to help the economy. The markets have been hoping for some fiscal action from the Bush administration so as to help the Feds monetary actions.

• Online media giant Yahoo! lost 3.09% after ABN AMRO cut its fiscal Q3 revenue estimates due to the weak advertising climate.

• Starbucks and Micromuse gained today after reaffirming their earnings outlooks yesterday. Micromuse was also upgraded by Raymond James.

• Symbol Technology gained 12.89% after stating that it will meet its fiscal Q3 earnings estimates.

• Gateway gained 3.09% despite warning about its fiscal Q3 financial outlook late yesterday.

• The London Stock Exchange (LSE) closed higher due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• AMD lost 4.44% after warning today that its fiscal Q3 sales will be 22% below estimates due to a bruising price war with rival Intel. Intel gained 1.90%.

• Sun Microsystems gained 6.24% after announcing that its fiscal Q1 losses will be wider than anticipated due to the September 11th. US terrorist attacks. Sun Microsystems announced plans to cut 9% of its workforce.

• Security shares gained today as the US and allies put military pressure on Afghanistan. US Intelligence community is warning that terrorist retaliations against the US or its businesses worldwide are very possible.

• Newport News Shipbuilding gained 0.51% after announcing that it will start merger talks with Northrop Grumman because it has a better offer than General Dynamics' $2.1 billion bid. Northrop Grumman gained 1.42%, while General Dynamics gained 1.22%.

• Agere Systems gained 11.09% after announcing that it has repaid $1 billion of its $2.5 billion debt, and it expects to have positive earnings by this time next year.

• Metrologic Instruments gained 60.26% after signing a deal with the Airport in Guizhou Province China, to supply it with baggage security scanning tunnel systems.

• First Community Financial gained 27.99% after Capital Bank agreed to acquire it for $54 million.

• Actuant Corp. gained 11.76% to close at $24.71/share after Goldman Sachs upgraded it to "market outperformer" and raising its price target to $30/share after reporting fiscal Q4 earnings that beat estimates.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR THURSDAY OCTOBER 4TH. 2001

DOW INDUSTRIAL: 9060.88 = -62.90

NASDAQ: 1597.31 = +16.50

S & P 500: 1069.63 = -2.65

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed with the Dow losing as the NASDAQ gained. The NASDAQ, which was up all day, but gave back some of its gains with 2 hours left, had a very very heavy trading volume of over 2.559 billion, while the Dow had a volume of over 1.550 billion shares traded. Gainers included: Actuant Corp, Adecco SA, Alstom SA, Amdocs Ltd, Applied Micro Circuits, AT&T Wireless, Bea Systems, BMC Software, Boca Resorts, Broadcom, Brocade Communications, Celestica, Cendant Corp, Check Point Software, Citigroup, Cisco Systems, Compaq, Core Labs NV, Dell, EMC Corp, Emulex, Energis Plc, Epcos AG, Equity Office Properties, Escalade, ExxonMobil, Flextronics, Gateway, Hispanic Broadcasting, Intel Corp, Juniper Networks, Lehman Royal Caribbean, McData, Micromuse, Microsoft, Motorola, Nextel Partners, Nokia, Nortel Networks, Openwave Systems, Oracle, PMC-Sierra, Qlogic, QRS Corp, Resortquest International, Seebeyond, Seitel, Siebel Systems, Solectron, Sprint PCS Group, Sun Microsystems, Texas Instruments, Thomson Multimedia, Three Five Systems, Tyco International, Tycom Ltd, Veritas Software, XL Capital, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US Jobless Claims for week ending September 29th. rose a whopping 71,000 to 528,000, while the 4 week moving average rose 30,000 to 454,000 - all at their highest levels since the 1990-1991 recessions.

• US Factory Orders were unchanged in August, which was slightly better than what analysts expected. 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.

• Dell gained 8.14% after reaffirming its financial targets. Dell stated that sales have recovered quicker than it thought. Rivals like Gateway and Compaq also gained.

• McData gained 25.32% on a Dain Rauscher Wessels upgrade to a "strong buy".

• Research in Motion lost 1.84% today due to its earnings report late yesterday that spooked investors due to inventory write downs and poor future outlook.

• Corning lost 14.44% today after warning about earnings late yesterday and announcing massive restructuring that included idling of some fiber optics plants.

• Juniper Networks gained 10.58% after Morgan Stanley Dean Witter upgraded it to an "outperform", while Buckingham Research upgraded it to an "accumulate".

• The London Stock Exchange (LSE) closed higher due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Global Crossing lost 48.80% after issuing an earnings warning today, and announced plans to merge back with its Asian subsidiary, Asia Global Crossing, which also closed lower.

• Qlogic gained 6.80% after Dain Rauscher Wessels upgraded it to a "strong buy".

• Aluminum giant Alcoa lost 3.96% despite reporting fiscal Q3 earnings that met First Call estimates. Alcoa however, expects weakness in the sector to continue in fiscal Q4.

• Marriott International lost 4.18% after reporting fiscal Q3 profits that declined from 43 cents a share reported last year to 39 cents a share. Marriott also cut its fiscal Q4 outlook due to the impact of the US terrorist attacks.

• Tycom Ltd. gained 52.54% after parent, Tyco International offered to acquire the minority stake its spun off public last year. Tyco International is offering $784 million. Tyco gained 1.56%.

• AFTER CLOSE: Genentech and Xoma are both losing in after hours trading after announcing that the launch of their drug Xanelin™ has been pushed back to Summer 2002.

• AFTER CLOSE: Gateway is losing in after hours trading after issuing an earnings warning for its fiscal Q3.

• AFTER CLOSE: Espeed, the privately held bond trading and clearing company owned by investment house Cantor Fitzgerald, announced that it will resume trading tomorrow. Espeed and Cantor Fitzgerald occupied the top levels of the World Trade Center and saw almost all of its staff wiped out by the September 11th. terrorist attacks.

• AFTER CLOSE: BMC Software is losing in after hours trading after warning about fiscal Q2 earnings.

• AFTER CLOSE: XL Capital warned that its losses will be higher than expected, and it will be taking a $100 million charge.

• AFTER CLOSE: Micromuse is still gaining in after hours trading announcing that it will meet Wall Street's fiscal Q4 estimates.

• AFTER CLOSE: Starbucks is gaining after announcing that it will meet fiscal 2001 financial targets. Starbucks announced that it opened 1,208 stores in fiscal 2001, and plans to open 1,200 in fiscal 2002.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR WEDNESDAY OCTOBER 3RD. 2001

DOW INDUSTRIAL: 9123.78 = +173.19

NASDAQ: 1580.81 = +88.48

S & P 500: 1072.28 = +20.95

MOST ACTIVE STOCKS & SECTORS

The markets closed higher for the second day in a row. The NASDAQ, which rallied all day, had a very very heavy trading volume of over 2.628 billion, while the Dow had a volume of over 1.648 billion shares traded. Gainers included: AB Watley Group, Akamai Technologies, Amazon, AOL Time Warner, Applied Materials, Applied Micro Circuits, Ask Jeeves, AT&T, Bea Systems, Broadcom, Brocade Communications, Cendant Corp, Check Point Software, Ciena Corp, Citigroup, Cisco Systems, CNet Networks, Colt Telecom Plc, Compaq, Corning, Dell, Disney, Earthlink, eBay, EMC Corp, Emulex, Ericsson, eUniverse Networks, Extreme Networks, Foundry Networks, GE, Global Crossing, Harmonic, Hewlett Packard, i2 Technologies, IBM, InfoSpace, Inktomi, Intel Corp, J2 Communications, JDS Uniphase, JP Morgan Chase & Co, Juniper Networks, Kronos, Lantronics, Lattice Semiconductor, Lucent Technologies, Manugistics Group, Marvel Technology Group, McData, Microsoft, Motorola, Nextel Communications, Nokia, Nortel Networks, Oracle, Palm, Peoplesoft, Peregrine Systems, PMC-Sierra, Priceline.Com, Qlogic, Qwest Communications International, Redback Networks, Research in Motion, Safenet, Siebel Systems, Sun Microsystems, Tellabs, Texas Instruments, Veritas Software, Wal-Mart, Websense, Williams-Sonoma, Xerox Corp, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Mortgage Bankers Association (MBA) reported that its MBA Mortgage Applications Survey for week ending September 28th. rose 20.5% to 771.1. The Purchase Index rose 8.9% to 308.8, and the Refinance Index rose 27.5% to 3459.8.

• The Energy Information Agency (EIA) and the American Petroleum Institute (API) reported that for week ending September 28th, US Crude Oil inventories rose 1.6 million barrels and 3.42 million barrels respectively, while Distillates rose 1 million barrels and 56,000 barrels respectively.

• The National Association of Purchasing managers (NAPM) reported that, its NAPM Non-manufacturing Index rose 4.7% in September to 50.2% - any point above 50% means an expansion. All the indices gained - the Export and Import indices rose above the 50% mark.

• US Vehicle Sales declined by 600,000 units in September - both Autos and Light Trucks declined. GM saw an increase in sales; Nissan held steady for the 3rd. straight month, while the rest saw declines.

• The Chicago Fed National Activity Index (CFNAI), a good measure of the economy's recession risks, worsened to -1.37 in August, after posting a modest -0.25 in July. the 3 month moving average declined to -1.05%, all sure signs that the recession risks are alive and well. 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.

• Cisco Systems gained 21.52% after its CEO John Chambers stated that he is very comfortable with analysts' fiscal Q1 estimates. Cisco helped the tech sector to close higher.

• Most Internet shares rallied today.

• Eli Lilly lost 4.37% after issuing an earnings warning today. Eli Lilly blamed the unexpected drop in sales for its anti-depressant, Prozac™, which lost its patent protection in August.

• Compaq gained 6% after Hewlett Packard reiterated its intention to acquire it, despite the major changes that have happened in the markets and the economy lately. Hewlett Packard gained 4.92%.

• Nortel Networks, which issued an earnings warning late yesterday, gained 4.73% today after announcing that it is selling its Customer Relationship Management (CRM) operations to Amdocs Ltd. for $200 million in cash, as part of its restructuring.

• UK telecommunications company Colt Telecom Plc. gained after announcing plans to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Priceline.Com gained 9.26% today after raising its revenue guidance yesterday.

• US President George W. Bush suggested today the need for a $60 billion to $75 billion stimulus package for the economy.

• Check Point Software gained 13.74% after announcing that it will meet fiscal Q3 earnings estimates, but revenue will be below estimates.

• AFTER CLOSE: Peregrine Systems is losing in after hours trading after issuing an earnings warning for its fiscal Q2.

• AFTER CLOSE: Corning is losing in after hours trading after announcing that it will not meet fiscal Q3 estimates. Corning also announced that it will expand its restructuring by increasing job cuts, idle some fiber optics plants, and take a $1 billion charge in fiscal 2001.

• AFTER CLOSE: Research in Motion is losing in after hours trading despite reporting fiscal Q2 earnings that beat First Call estimates by 1 cent a share and revenues almost doubled to $80.1 million. Research in Motion also announced that it is writing down $23 million in investment and inventory, and buying back 5 million of its shares in the next 12 months. Research in Motion stated that its Blackberry™ wireless email technology now has 246,000 subscribers and 12,000 corporate users.

• AFTER CLOSE: Manugistics Group is still gaining in after hours trading after reporting an adjusted loss for fiscal Q3.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR TUESDAY OCTOBER 2ND. 2001

DOW INDUSTRIAL: 8950.59 = +113.76

NASDAQ: 1492.33 = +11.87

S & P 500: 1051.33 = +12.78

MOST ACTIVE STOCKS & SECTORS

The markets closed higher after the Federal Reserve, as expected, cut interest rates. The NASDAQ, which rallied all day and momentarily declined after the Feds announcement before recovering, had a heavy trading volume of over 1.785 billion, while the Dow had a volume of over 1.265 billion shares traded. Gainers included: AES Corp, AOL Time Warner, AT&T, BE Aerospace, Bea Systems, Biorelliance, Bingham Financial, Blockbuster Entertainment, Broadcom, Brocade Communications, Cable Design, Calpine, Champion Entertainment, Citigroup, Continental Airlines, Disney, Eli Lilly, Epimmune, ExxonMobil, GE, Gentek, Global Crossing, IBM, Immunex, Inktomi, Insight Enterprises, JP Morgan Chase & Co, Kreisler Manufacturing, Lucent Technologies, MarketWatch.Com, Mesa Air Group, Microsoft, Mortons Restaurant, Oracle, Palm, Papa John's Pizza, PDI inc, Peoples Financial, Pfizer, Priceline.Com, Pxre Group Ltd, Qualcomm, Secure Computing Corp, Siebel Systems, United Online, US Airways, USA Networks, Veritas Software, Wal-Mart, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Federal Reserve FOMC cut key interest rates today. 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.

• Qualcomm gained 2.39% after announcing that it has developed a new technology that can double the voice capacity on its CDMA 2000 standard 3G network.

• Bea Systems gained 8.50% after naming co-founder Alfred Chuang as its new CEO. Bill Coleman will still retain the titles of Chairman and Chief Strategic Officer for Customer, Employee, and Corporate culture affairs.

• Sun Microsystems lost 1.48% despite wining a $100 million contract to supply servers and storage systems to News Corp. for the next 2 years.

• Airline stocks continued their recovery for the second day in a row.

• The London Stock Exchange closed at..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Drug marketer PDI gained 28.63% after signing an agreement with Eli Lilly to co-promote Lilly's Osteoporosis drug, Evista™. Eli Lilly gained 1.48%.

• BE Aerospace gained 35.61% after announcing that it has been chosen to supply a major part of the seats for Boeing's Business Jets. BE Aerospace also announced that it has began the delivery of seats to Germany's Lufthansa Technik.

• Internet infrastructure company Inktomi gained 22.59% after announcing today that its fiscal Q4 revenue will be in line, and losses will be lower than anticipated.

• AFTER CLOSE: Nortel Networks is still losing in after hours trading after announcing that it expects fiscal Q3 losses to be $3.6 billion, which is below the $19.4 billion losses posted in fiscal Q2. Nortel also expects revenue to drop from fiscal Q2 revenues of $4.6 billion to $3.5 billion. Nortel's CFO Frank Dunn is to takeover as President and CEO effective November 1st, while current CEO John A. Roth will remain as Vice Chairman until the end of 2002. Nortel also announced another round of job cuts.

• AFTER CLOSE: Priceline.Com is still gaining in after hours trading after stating that it expects fiscal Q3 revenue to be at the higher end of its $280 million to $300 million mark, as its business seem to be recovering quickly from the September 11th. terrorist attacks.

• AFTER CLOSE: Cosine Communications is gaining in after hours after announcing that it will meet its fiscal Q3 earnings, but fiscal Q4 is too early to tell. Cosine also announced it is cutting 14% of its workforce, and taking a $7 million restructuring charge. Cosine says it had $190 million in cash and short term instruments as of September 30th.

• AFTER CLOSE: Chordiant Software is gaining in after hours trading after announcing that it will exceed its fiscal Q3 financial outlook.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR MONDAY OCTOBER 1ST. 2001

DOW INDUSTRIAL: 8836.83 = -10.73

NASDAQ: 1480.46 = -18.34

S & P 500: 1037.79 = -3.15

MOST ACTIVE STOCKS & SECTORS

The markets closed lower on the first day of trading in the 3rd. quarter, and on the eve of the Federal Reserve FOMC meeting. The NASDAQ, which was under pressure all day, had a heavy trading volume of over 1.504 billion, while the Dow had a volume of over 1.173 billion shares traded. Gainers included: Agency.Com, AMR Corp, Biorelliance, Certegy, Clayton Williams Energy, Citigroup, Compaq, Consol Energy, Continental Airlines, Dell, eBay, GE, Glia Technology, IBM, Immunex, Internet Security Systems, Iomega Corp, JDS Uniphase, Johnson & Johnson, Lehman Royal Caribbean, Merck & Co, Microsoft, NCH Corp, NTL Corp, Palm, Peoples Bancshares, Pfizer, Philip Morris, Quanta Services, Sempra Energy, Siebel Systems, Sprint PCS Group, Texas Instruments, Trader.Com, Too inc, Verisign, Verizon Communications, Walgreen Co, Wal-Mart, Walters Industries, and World Fuel Services.

MAIN REASONS FOR ACTIVITY

• US Personal Income had zero growth in August. Wage & Salary declined 0.1%, while Consumption rose 0.2%. The Disposable Personal Savings rose a whopping 4.1%, the highest monthly increase since January 1999.

• The National Association of Purchasing Managers (NAPM) reported that, its NAPM Index for September declined 9 basis points to 47%. The Prices Paid, Inventories, and Employment indices rose.

• US Construction Spending in August declined 1.1% to $845.5 billion. New Single-Family and Public Building construction were flat, while other sectors saw a decline.

• The Global Chip Sales declined 3.4% in August, the smallest monthly decline since December 2000. Asia Pacific (excluding Japan) saw an improvement, while the other regions of the world had declines. This data suggests the tax relief found their way into savings as opposed to spending, thus the Federal Reserve FOMC will have to.......when they meet tomorrow. 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.

• Sprint PCS Group gained 4.22% after announcing that it has started selling mobile phones that can pinpoint 911 callers using GPS technology.

• Citigroup gained 3.09% after CS First Boston upgraded it to a "strong buy".

• Airline stocks continued their recovery today.

• The London Stock Exchange closed at..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• San Diego Gas & Electric parent, Sempra Energy gained 0.65% after filing with the SEC to sell about $2 billion in debt and equities over time.

• Walgreen & Co. gained 0.09% after reporting fiscal Q4 earnings that was in line with Wall Street estimates.

• RSA Security lost 19.02% after issuing an earning warning about the current quarter.

• Federal Mogul lost 3.077% after filing for Chapter 11 bankruptcy protection due to Asbestos related lawsuits.

• Intel lost 2.10% after Merrill Lynch lowered its earnings estimates on the chip giant and rival AMD for fiscal 2001 and 2002.

• Pepsico closed lower after Cadbury Schweppes Plc. filed an anti-trust lawsuit against it after Pepsico and Tricon Global Restaurants signed a deal that will punish Tricon franchises for carrying Dr Pepper/Seven Up products, a subsidiary of Cadbury Schweppes.

• AFTER CLOSE: Compaq Computer is losing in after hours trading after announcing that it will post a loss in fiscal Q3, and it expects to report revenues below Wall Street estimates. Compaq also announced that it is going to take a $500 million charge

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR FRIDAY SEPTEMBER 28TH. 2001

DOW INDUSTRIAL: 8847.56 = +166.14

NASDAQ: 1498.80 = +38.09

S & P 500: 1040.17 = +21.56

MOST ACTIVE STOCKS & SECTORS

The markets closed higher on the last trading day of the 3rd. quarter optimism. The NASDAQ, which was up all day, had a very heavy trading volume of over 2.114 billion, while the Dow had a volume of over 1.651 billion shares traded. Gainers included: AOL Time Warner, Applied Materials, Applied Micro, AT&T, AT&T Wireless, Broadcom, Calpine Corp, Cendant, Charter Communications, Cisco Systems, Citigroup, CYTYC Corp, DaimlerChrysler, Dell, Disney, ExxonMobil, GE, Halliburton, IBM, JDS Uniphase, Johnson & Johnson, JP Morgan Chase & Co, Liberty Media, Lucent Technologies, Merrill Lynch, Microsoft, Nextel Communications, Nortel Networks, Oracle, Peoplesoft, Pfizer, PMC-Sierra, Qwest Communications International, Safeway, SBC Communications, Siebel Systems, Sprint PCS Group, Sun Microsystems, Texas Instruments, Tyco International, UPS, US Airways Group, Verisign, Vitesse Semiconductor, Webex, and Worldcom Group.

MAIN REASONS FOR ACTIVITY

• The University of Michigan Consumer Sentiment Survey for September declined about 10 points to 81.8, its weakest since 1993. The weakness reflects data after the September 11th. attacks.

• US Real Gross Domestic Product (Real GDP) for Q2 2001 was revised upward by 14 basis points to a growth of 0.3%. 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.

• Cendant gained 11.89% despite cutting its earnings outlook .

• UPS gained 4.55% despite warning warning that profits will be as much as 18% lower due to the terrorist attacks.

• Airline, oil, and some semiconductor shares rallied.

• The London Stock Exchange gained due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Microsoft gained after the US District Judge handling the case gave both parties until November 2nd. to reach a settlement.

• Webex gained 14.81% due to positive comments from SoundView.

• Calpine gained after reiterating its full year outlook, and ammending its shareholder rights agreement

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR THURSDAY SEPTEMBER 27TH. 2001

DOW INDUSTRIAL: 8681.42 = +114.03

NASDAQ: 1460.71 = -3.33

S & P 500: 1018.61 = +11.57

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow rose due to bargain hunting in blue chip stocks. The NASDAQ, which tried a rally with 2 hours to go, had a very heavy trading volume of over 2.043 billion, while the Dow had a volume of over 1.471 billion shares traded. Gainers included: Abgenix Corp, Adolor Corp, AES Corp, AOL Time Warner, AT&T, Axcess Corp, Cabot Oil & Gas, Chester Bancorp, Citigroup, Citrix Systems, Comcast, Compaq, Cox Communications, Disney, Dr Reddys Labs, Dyax Corp, ExxonMobil, GE, Granite Construction, Hewlett Packard, Humana Corp, Massey Energy, Merck & Co, Micron Technology, Orio Power Holdings, Qualcomm, Sprint PCS Group, Tripos Corp, Tyco International, Verisign, Westcorp, Xilinx, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Conference reported that its Help Wanted Index, a good measure of blue collar employee demand, declined in August to 53. All regions of the country saw a decline.

• US Jobless Claims for week ending September 22nd. rose 58,000 to 450,000. The 4-week moving average rose 12,000 to 422,000.

• New Orders for Durable Goods declined 0.3% in August to $180.8 billion.

• US New Home Sales rose 1% in August to 898,000 units. The South and the West accounted for the increases. 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.

• Cisco Systems lost 8.09% after Morgan Stanley Dean Witter cut its fiscal 2002 earnings outlook by 21%.

• Orion Power Holdings gained 30.52% after Reliant Resources agreed to acquire it for $2.9 billion in cash. Reliant Resources closed 5.58% lower.

• ExxonMobil gained 6.69% after OPEC agreed to leave Crude Oil production unchanged.

• The London Stock Exchange gained due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Sonus Networks lost 55% today after announcing yesterday that it will have a loss in the current quarter as opposed to the profit Wall Street was expecting.

• Yahoo! gained 12.33% after unveling a new Internet Broadcasting Service that will help companies communicate with their remotest employees.

• Citrix Systems gained 21.27% on a Merrill Lynch upgrade to a "buy".

• AT&T and Comcast both gained on news that they are finalizing details that will allow Comcast to acquire AT&T's broadband unit.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.