THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR MONDAY NOVEMBER 19TH. 2001

DOW INDUSTRIAL: 9976.46 = +109.47

NASDAQ: 1934.42 = +35.84

S & P 500: 1151.06 = +12.41

MOST ACTIVE STOCKS & SECTORS

The markets closed higher as low interest rates, low oil prices, and the possibilities of a quick end to the Afghan conflict helped the markets close higher (Technically, it was a bull market). The NASDAQ, which was up all days and had a vertical surge in the last 20 minutes, had a very heavy trading volume of over 1.925 billion, while the Dow had a volume of over 1.287 billion shares traded. Gainers included: Abgenix Corp, ADC Telecommunications, Agilent Technologies, Alcoa, America West Holdings, AOL Time Warner, Asia Global Crossing, Bea Systems, Broadvision, Brocade Communications, Celanese, Ciena Corp, Cisco Systems, Citigroup, CKE Restaurants Group, Compaq, Conoco, Corning, Dell, Digex, Disney, Ditech Communications, EMC Corp, Enron, Ericsson, Exelixis, GE, Genomica, Handspring, Home Depot, Hot Topic, i2 Technologies, Intel, Invision Technology, Jazztel Plc, JDS Uniphase, Juniper Networks, Lifecore Biomedical, Lowes Companies, Lucent Technologies, McLeodUSA, Micron Technology, Microsoft, Nortel Networks, Novagen, Opinion Research, Oracle, Palm, Peoplesoft, Pfizer, Pharmacia Corp, Philips Petroleum, Providian Financial, Qualcomm, Qwest Communications International, Safeguard Scientifics, Santa Barbara Restaurant Group, Satyam Computer, Satyam Infoway Ltd, SCM Microsystems, Semtech, Sungard Data Systems, Sun Microsystems, Tellabs, Tickets.Com, Tyco International, VerticalNet, Vimpelcom, UAL, US Airways, Williams Communications, Wipro Ltd, Worldcom Group, Xerox Corp, XO Communications, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US New Residential Construction declined 1.3% in October to 1.552 million. The Northeast and the Midwest saw gains. The South was unchanged, while the West lost. 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.

• Palm and Handspring gained 12.83% and 32.25% respectively on speculation that now that Palm's CEO is out of the way, the 2 handheld device makers might merge.

• AOL Time Warner gained 2.30% after DB Alex Brown raised its price target on the stocks after Harry Potter™ grossed $93.5 million in Canada and the USA in just 3 days. The market is expecting a Star Wars™ like phenomenon.

• Airline stocks gained after President George W. Bush signed the Aviation Security Bill into law.

• Xerox Corp gained 10.94% after securing $800 million from GE Capital to help finance purchases for its Canadian and European customers.

• Peoplesoft gained 11.40% after announcing that it will meet its guidance due to a strong orders outlook. 

• Pharmacia gained 9.31% after the FDA approved its Arthritis drug, Bextra™, significantly earlier than expected.

• Philips Petroleum gained 2.95% after agreeing to a $15.2 billion merger with Conoco. The new entity will be called ConocoPhilips, which will be the 3rd. largest US oil company, but the largest refineries operator.

• 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.

• Alcoa gained 3.69% after announcing plans to cut 4.6% of its staff, or 6,500 jobs and close some plants. Lower metal prices are forcing producers like Alcoa to streamline operations.

• Oil prices closed lower at $17.72% a barrel after the Russian Federation refused to go along with OPEC's oil cut.

• Lowes Companies gained 6.82% after reporting fiscal Q3 earnings that rose 24%. Rival, Home Depot, gained 2.77% on the news.

• Nordstrom gained 11.39% after reporting strong earnings and raising its outlook yesterday.

• Lifecore Biomedical gained 24.69% after wining an FDA approval to market Gyncare Intergel™, a gel that reduces scarring in gynecological surgeries.

• Santa Barbara Restaurant Group gained 49.79% after agreeing to be acquired by CKE Restaurants Group for $54 million in stock. CKE Restaurants gained 2.04%.

• Novagen gained 30.86% after the FDA approved the speeding up of clinical trials for Phenoxodiol™, its experimental Cancer drug that has performed very well in trials conducted in Australia.

• AFTER CLOSE: LoudCloud is gaining in after hours trading after reporting fiscal Q3 losses that were 6 cents a share less than First Call estimates, while revenue more than tripled to $14.3 million. LoudCloud also raised up its fiscal Q4 outlook.

• AFTER CLOSE: Semtech is still gaining in after hours trading after reporting fiscal Q3 earnings of 10 cents a share, 1 cent a share better than First Call estimates, while revenue declined 37% to $43.7 million. Semtech also raised its fiscal Q4 outlook.

• AFTER CLOSE: Exelixis announced that it is paying $110 million in stock to acquire Genomica.

• AFTER CLOSE: Retailer Hot Topic is losing in after hours trading after reporting fiscal Q3 earnings that met Wall Street estimates, as sales rose 28% to $92.1 million. Hot Topic announced that it is opening 12 new Torrid™ stores in 2002.

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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 NOVEMBER 16TH. 2001

DOW INDUSTRIAL: 9866.99 = -1.99

NASDAQ: 1898.58 = -1.99

S & P 500: 1138.65 = -3.59

MOST ACTIVE STOCKS & SECTORS

The markets closed lower due to economic data and an airport scare in Atlanta. The NASDAQ, which rallied in the last hour of trading, had a heavy trading volume of over 1.712 billion, while the Dow had a volume of over 1.347 billion shares traded. Gainers included: 724 Solutions, AES Corp, Airtran Holdings, All American Semiconductor, Alstom SA, Ambassadors International, Amdocs Ltd, America West Holdings, AMR, Antares Pharmaceuticals, Applied Materials, Applied Micro Circuits, AT&T, Autodesk, Broadcom, CacheFlow, Canwest Global, Cendant Corp, Certicom, Ciena Corp, Continental Airlines, Corning, Corvis Corp, Delta Air Lines, Digex, Disney, Dynacare, EMC Corp, ExxonMobil, Ford Motor Co, Flextronics, Gene Logic, Grand Toys International, Gruma Corp, Hall Kinion & Associates, Handspring, Hawk Corp, JDS Uniphase, Juniper Networks, KLM Royal Dutch Airlines, Lucent Technologies, Manatron, Mesa Air Group, Metawave Communications, MRV Communications, Neorx Corp, Newpark Resources, Nextel Communications, Nokia, Nordstrom, Nortel Networks, Optical Communications, Palm, Pep Boys, Pfizer, Pivotal Corp, Qualcomm, SCI Systems, Serena Software, Smartforce, Sonus Networks, Swift Energy, Tefron Ltd, Tellabs, Tickets.Com, TXC Corp, UAL Corp, US Airways, Williams Communications, XO Communications, Yahoo! and Zindart Ltd.

MAIN REASONS FOR ACTIVITY

• The National Association of Home Builders (NAHB) reported that, its NAHB Housing Market Index for November gained 2 points to 49. The 2 points gain came from Single Family Home Sales expectations in the next 6 months, and the rise in Traffic of Potential Buyers index, which rose 6 points to 39.

• US Consumer Price Index (CPI), a good measure of consumer inflation, declined 0.3% in October, due mostly to low energy prices. The Core CPI, which excludes the energy and food sectors, gained 0.2% for the 4th. month in a row.

• US Industrial Production in October declined 1.1%. Auto production declined 4.0%, while Industrial Capacity Utilization declined to 74.8%, the 13th. monthly decline in a row. 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.

• Palm and Handspring gained 18.28% and 20.85% respectively after the handheld companies introduced hot new products at the COMDEX™ show.

• Airline stocks were hot after the Airline Security Bill was passed in Congress. The cheap oil prices are also a plus for the sector.

• AT&T gained on rumors that it is cutting another 4,000 jobs on top of its planned 9,000.

• American Express lost 3.66% after UBS Warburg downgraded it to a "hold". 

• Yahoo! gained 4.32% after Mary Meeker, the Internet analyst at Morgan Stanley Dean Witter, had optimistic comments and outlook on Yahoo!'s planned job cuts and restructuring.

• Pivotal gained 19.66% after Dresdner RCM Global Investors selected Pivotal's applications to help it improve client services.

• 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.

• Citigroup lost 2.58% after Prudential Securities downgraded it to a "hold".

• Lucent Technologies gained 6.35% after completing the sale of its fiber optics solutions business to Furukawa Electric Co. of Japan, and its junior partner, Corning. As part of the deal, Corning will pay Lucent $225 million for some of the assets. Corning gained 11.67%.

• IPO Today: Dynacare, a clinical labs company, closed 20.86% above its offering price.

• Nordstrom gained 11.39% after reporting strong earnings and raising its outlook yesterday.

• Agilent Technologies lost 3.60% despite reporting results that met Wall Street estimates. Agilent announced that it is cutting 4,000 jobs, and will raise about $1 billion through the sell of senior convertible debentures.

• Dell, Intuit and Starbucks closed lower due to their earnings reports yesterday. Dell, which lost 3.94%, beat both earnings and revenue estimates.

• Tickets.Com gained 18.56% after entering into a strategic alliance with AOL™, the online unit of AOL Time Warner.

• Serena Software gained 15.37% after reporting fiscal Q3 earnings that beat First Call estimates by 2 cents a share, while over the year revenue declined $3.4 million to $23.2 million. Serena Software is still standing by its fiscal Q4 outlook.

• Tellabs gained 11.97% after announcing that it is cutting 1,000 jobs, closing 2 facilities, and will take a $150 million charge in fiscal Q4 due to job cuts and facilities closing.

• 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 NOVEMBER 15TH. 2001

DOW INDUSTRIAL: 9872.39 = +48.78

NASDAQ: 1900.57 = -2.62

S & P 500: 1142.24 = +1.03

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow rallied on good employment data. The NASDAQ, which struggled all day, had a very very heavy trading volume of over 2.024 billion, while the Dow had a volume of over 1.467 billion shares traded. Gainers included: Applied Micro Circuits, AT&T, AT&T Wireless, Bam Entertainment, BF Enterprises, British Airways Plc, Buhrmann NV, CacheFlow, Cendant Corp, Ciena Corp, Cisco Systems, Compaq, Conseco, Corning, Corvis Corp, Cylink Corp, Dana Corp, Dell, Disney, Edgar Online, EMC Corp, Enodis Plc, Ericsson, Franklin Covey, Fuelcell Energy, GE, Handsprings, Hewlett Packard, i2 Technologies, IBM, Intel, Intuit Corp, Korn/Ferry International, LastMinute.Com, Lionbridge Technology, Lucent Technologies, Meristar Hospitality, Microsoft, Network Appliance, Nordstrom, Oakwood Homes, Orchestream Holdings Plc, Palm, Qwest Communications International, Qualcomm, Royal Caribbean Cruise, Satyam Computer, Sirenza Microdevices (formerly Stanford Microdevices), Sirius Satellite Radio, Sony Corp, Starbucks Corp, Sun Microsystems, Taser International, Telewest Communications Plc, Transmeta Corp, Tyco International, UAL Corp, US Airways, VA Linux Systems, Value City Department Stores, Weight Watchers International, Williams Communications, Wipro Ltd, Worldcom Group, and XO Communications.

MAIN REASONS FOR ACTIVITY

• US Business Inventories declined 0.5% in September. All indices declined, while the Inventory-to-Sales Ratio rose from 1.42 to 1.45 due to lower sales after the September 11th. attacks.

• The Philadelphia Fed Survey Index improved in November to -20.2. Average Workweek, Delivery Times, Inventories, New Orders, Number of Employees, Prices Paid, and Unfilled Orders indices improved, while Prices Received, Shipments, and 6 Month Outlook indices closed lower.

• The Energy Information Agency (EIA) reported that for week ending November 9th, US crude oil inventory decreased by 200,000 barrels. The American Petroleum Institute (API) saw an increase of 1.06 million barrels. For Distillates, both the EIA and API saw increases of 2.5 million and 2.41 million barrels respectively.

• US Jobless Claims declined by 8,000 to 444,000 in the week ending November 10th. The 4-week moving average declined 13,000 to 475,000. 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.

• Taser International gained 22.78% after signing an agreement with United Airlines to supply it with stun guns for its airline cockpits. UAL, the parent of United Airlines, gained 6.90% on the news.

• Applied Materials lost 3.98% and took the tech sector lower due to its poor earnings report yesterday.

• IBM gained 0.35% after announcing that demand for its business services unit have picked, while that of its new technology products have cooled.

• Oil shares and prices closed lower as OPEC pressures non-OPEC members. OPEC decided to cut 1.5 million barrels a day in production, and is asking major non-OPEC producers like Mexico, Norway, and Russia to cut another 500,000 barrels a day. 

• Cendant gained 6% after raising its fiscal Q4 outlook and announcing that it is reviewing its investments in HomeStore.Com.

• Fuelcell Energy gained 23.25% after entering into an agreement with Caterpillar where Caterpillar's distributors will carry Fuelcell's Ultra-low emission products.

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

• Data communications security firm Cylink gained 23.61% after unveiling its Link Encryptor T3 leased-in security product line that can handle T3/DS3 transfers at 45Mbps.

• Yahoo! lost 2.50% after announcing plans to cut 300 jobs and shed under performing units. Yahoo! will also shed its youth oriented image and streamline operations.

• IPOs Today: Bam Entertainment, a game developer, closed 1.28% above its offering price. DJ Orthopedics closed 10.29% below its offering price. Weight Watchers International closed 22.92% above its offering price.

• Compaq gained 7% after winning a $20 million exclusive information technology products and services contract with Cardinal Health.

• AFTER CLOSE: CacheFlow is unchanged in after hours trading after reporting fiscal Q3 loss that was 1 cent a share less than First Call estimates, while sales declined $19.3 million over the year to $13.2 million.

• AFTER CLOSE: Dell is losing in after hours trading after reporting fiscal Q3 earnings of 16 cents a share, 1 cent a share better than First Call estimates, as revenue also beat at $7.47 billion.

• AFTER CLOSE: Starbucks is losing in after hours trading after reporting fiscal Q4 earnings that met First Call estimates, while revenue missed by $2.4 million.

• AFTER CLOSE: Intuit is losing in after hours trading after reporting fiscal Q1 losses of 13 cents a share, 2 cents a share less than First Call estimates, while sales rose 11% over the year to $208.8 million, which missed estimates by $700,000.

• AFTER CLOSE: Nordstrom is still gaining in after hours trading after reporting fiscal Q3 earnings of 8 cents a share, a whopping 4 cents a share better than First Call estimates. Nordstrom raised its fiscal Q4 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 WEDNESDAY NOVEMBER 14TH. 2001

DOW INDUSTRIAL: 9823.61 = +72.66

NASDAQ: 1903.19 = +11.08

S & P 500: 1141.21 = +2.12

MOST ACTIVE STOCKS & SECTORS

The markets closed higher today on good retail sales data. The NASDAQ, which struggled all day, had a very very heavy trading volume of over 2.173 billion, while the Dow had a volume of over 1.433 billion shares traded. Gainers included: Abercrombie & Fitch, Aether Systems, Agile Software, Amazon.Com, Ann Taylor Stores, AOL Time Warner, Applied Micro Circuits, Atlas Air Worldwide, Bowne & Co, British Airways Plc, Broadwing, Cendant Corp, Ciena Corp, Cisco Systems, Citigroup, Compaq, Corning, Corvis Corp, CV Therapeutics, Dell, Disney, Dynegy, Enron, Federated Department Stores, GE, Great Atlantic & Pacific Tea Co, Hewlett Packard, Home Depot, i2 Technologies, Intel, Interpublic Group, JDS Uniphase, Juniper Networks, Level 3 Communications, Liberty Media, Lucent Technologies, Meritage, Motorola, Nextel Communications, Nokia, Nortel Networks, Oracle, Qwest Communications International, SBC Communications, Siebel Systems, Sun Microsystems, Terayon Communications, Tiffany & Co, Tyco International, Value City Department Stores, Visionics Corp, Wal-Mart, Wausau-Mosiness, Williams Communications, XO Communications, Xoma, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US Retail Sales rose 7.1% in October, about 2 times the growth economists were expecting. Motor Vehicles & parts Dealers, Clothing & Accessories Stores, Food Services & Drinking Places, etc. indices gained, while Furniture & Home Furnishings Stores index was lower.

• The Mortgage Bankers Association (MBA) reported that for week ending November 9th, its MBA Mortgage Applications Survey rose 1.7% to 1055.5. The Purchase Index declined 10.4% to 285.4, while the Refinance Index rose 6% to 5534.5. 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.

• Amazon.Com gained 30.18% due to the strong October retail sales figures.

• Tiffany & Co. gained 6.18% after reporting fiscal Q3 earnings that beat First Call estimates by 3 cents a share.

• Oil shares and prices closed lower after OPEC asked non-OPEC members to support its production cuts. President George W. Bush also requested a release of some of the US crude inventory.

• Ciena gained 1.84% after announcing that it expects to triple its networking equipment market share this year. 

• Yahoo! gained 8.88% after signing with SBC Communications to provide high speed internet access. Yahoo!, which is an online directory, will now be compared properly to other Internet Service providers (ISPs) like AOL™ and Microsoft's MSN™.

• CV Therapeutics gained 25.95% after reporting that late stage clinical trials for Angina heart disease is showing promise.

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

• Federated Department Stores gained 6.55% after reporting fiscal Q3 earnings that beat Wall Street estimates by 2 cents a share, while sales declined 10% over the year to $3.8 billion.

• Advertising giant Interpublic Group gained 20.16% after reporting earnings yesterday that beat First Call estimates.

• Hewlett Packard gained 9.14% after reporting fiscal Q4 earnings of 19 cents a share, a whopping 11 cents a share better than First Call estimates, and revenue of $10.9 billion, which also beat estimates. Hewlett Packard CEO Carly Fiorina reiterated her support for the company's attempts to acquire Compaq. Compaq gained 13.64% as analysts speculate the deal now has a better chance of getting approval due to the strong earnings.

• Great Atlantic & pacific Tea Company gained 9.21% after raising its fiscal Q3 earnings outlook.

• Network Appliance lost 15.94% after reporting fiscal Q2 results yesterday that disappointed.

• AFTER CLOSE: Providian Financial is gaining in after hours trading after announcing plans to close its Henderson Nevada site that employ about 700 people. Providian expects to save $18 million annually.

• AFTER CLOSE: Applied Materials is still losing in after hours trading after reporting fiscal Q4 earnings that missed First Call estimates by 1 cent a share, while revenue declined more than half over the year to $1.26 billion.

• AFTER CLOSE: Aether Systems is still gaining in after hours trading after reporting fiscal Q3 losses that were 2 cents a share less than First Call estimates, while revenue rose over the year to $25 million. Aether Systems took an $18.2 million charge for either closing or merging 6 facilities and cutting 230 jobs in the period. Aether Systems announced that it now has $594 million in cash, and will reduce about $25 million in expenses yearly.

• AFTER CLOSE: Agile Software is losing in after hours trading after reporting fiscal Q2 losses that was 3 cents a share less than First Call estimates, while over the year revenue rose #1 million to $21.2 million.

• AFTER CLOSE: Visionics is losing in after hours trading after reporting fiscal Q4 losses that met Wall Street estimates, while revenue declined $200,000 over the year to $8.2 million.

• AFTER CLOSE: Midway Games lowered its December quarter financial outlook.

• AFTER CLOSE: Ann Taylor Stores reported fiscal Q3 earnings that met First Call estimates, as sales rose 1.6% to $310.8 million, but same store sales declined 11% due to the September 11th. terrorist attacks.

• 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 NOVEMBER 13TH. 2001

DOW INDUSTRIAL: 9750.95 = +196.58

NASDAQ: 1892.11 = +51.98

S & P 500: 1139.09 = +20.76

MOST ACTIVE STOCKS & SECTORS

The markets closed higher as the Afghan opposition, the Northern Alliance, surrounds the capital Kabul. The NASDAQ, which was up all day had a very very heavy trading volume of over 2.192 billion, while the Dow had a volume of over 1.333 billion shares traded. Gainers included: Abercrombie & Fitch, ADC Telecommunications, Advanced Micro Devices (AMD), AMR Corp, Anadigics, AOL Time Warner, Applied Materials, Applied Micro Circuits, Baker Hughes, Bea Systems, Broadcom, Checkpoint Software, ChevronTexaco, Ciena Corp, Cisco Systems, Citigroup, CMGI, Compaq, Conexant Systems, Conoco, Corning, Corvis Corp, Dell, Delta Air Lines, Disney, Dynegy, eBay, Enron, Ericsson, ExxonMobil, Federated Department Stores, Gateway, Globalstar Telecommunications, Hewlett Packard, Home Depot, i2 Technologies, Inktomi, Intel, Interpublic Group, J.C. Penney, JDS Uniphase, Lucent Technologies, Micron Technology, Microsoft, Motorola, Network Appliance, Nextel Communications, Nokia, Nortel Networks, Occidental Petroleum, Overture Services, Pfizer, PMC-Sierra, Providian Financial, PurchasePro, Qwest Communications International, Rowan Companies, Siebel Systems, Sun Microsystems, Sycamore Networks, Texas Instruments, Tyco International, Tyson Foods, UAL Corp, Veritas Software, Vitesse Semiconductor, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Kansas City Fed Manufacturing Survey improved in October. The Production, Volume of New Orders, and Prices paid for Raw Materials indices all improved.

• The Richmond Fed Manufacturing Survey declined in October, as all indices posted losses. 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.

• Retailers: Home Depot, J.C. Penney, and Wal-Mart all reported strong earnings today, and have an upbeat outlook for the holiday season.

• J.C. Penney gained 6.32% after reporting fiscal Q3 earnings that met Wall Street estimates, and raised fiscal 2001 earnings estimates.

• Home Depot gained 7% after reporting fiscal Q3 earnings that met First Call estimates, and raised its fiscal Q4 and 2001 earnings outlooks. 

• Wal-Mart lost 1.04% despite reporting fiscal Q3 earnings that met Wall Street estimates.

• Oil shares and prices closed higher on the eve of the OPEC meeting.

• 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.

• Oracle lost 5.71% after its CEO Larry Ellison stated at the COMDEX™ yesterday that Oracle will not meet analysts' fiscal Q2 earnings outlook. CS First Boston downgraded Oracle to a "hold".

• Airline stocks rebounded today due to lack of concrete evidence to tie the American Airlines crash to terrorist, at least for now.

• Texas Instruments gained 6.02% after reiterating its forecast that, fiscal Q4 sales will decline only 10%. Semiconductor shares were some of the best performing shares today.

• Cisco Systems gained 1.66% despite comments from its CEO that, it will take the company a couple more quarters to recover than previously thought.

• AFTER CLOSE: Network Appliance is losing in after hours trading after reporting fiscal Q3 earnings and revenues that beat First Call estimates.

• AFTER CLOSE: Bea Systems is losing in after hours trading after reporting fiscal Q3 earning that were 1 cent a share better than First Call estimates, while revenue came in at $219.6 million, which missed First Call estimates.

• AFTER CLOSE: Abercrombie & Fitch is still gaining in after hours trading after reporting fiscal Q3 earnings of 43 cents a share, which met First Call estimates, while revenue declined $9.6 million to $354.5 million.

• AFTER CLOSE: PurchasePro is losing in after hours trading after reporting fiscal Q3 losses that widened, as revenue plummeted from $17.3 million over the year to a mere $3.6 million.

• AFTER CLOSE: Hewlett Packard is losing in after hours trading after announcing that, it will report its earnings on November 14th. (tomorrow), as opposed to the planned November 15th.

• AFTER CLOSE: Globalstar Telecommunications is losing aggressively after reporting fiscal Q3 losses of 33 cents a share. Globalstar announced that it has $68 million in cash, and expects to start next year with at least $45 million in cash.

• AFTER CLOSE: Interpublic Group reported fiscal Q3 earnings of 15 cents a share, which was better than First Call estimates, while revenue came in at $1.6 billion, which was below the $1.7 billion reported last year.

• AFTER CLOSE: Sycamore Networks is losing in after hours trading after reporting fiscal Q3 losses that were 1 cent a share less than First Call estimates, while revenue missed estimates by $2.2 million to $21.2 million.

• 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 NOVEMBER 12TH. 2001

DOW INDUSTRIAL: 9554.37 = -53.63

NASDAQ: 1840.13 = +11.65

S & P 500: 1118.33 = -1.98

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow closed down 53.63 points, gaining back most of its losses after the American Airlines plane crash (see below). The NASDAQ, which started a rally after 10:00 AM, had a heavy trading volume of over 1.595 billion, while the Dow had a volume of over 0.994 billion shares traded. Gainers included: Abercrombie & Fitch, Agere Systems, Akamai Technologies, Applied Materials, Applied Micro Circuits, Barnes & Noble, Bea Systems, Cable & Wireless Plc, Checkpoint Software, Ciena Corp, Cisco Systems, Corning, Covanta Energy, Dell, Dynegy, eBay, EMC Corp, Enron, FTI Consulting, Hewlett Packard, Hunt Corp, Intel, Invision Technology, JDS Uniphase, Juniper Networks, Labor Ready, Microsoft, Motorola, Network Appliance, Newmont Mining, Nokia, Nortel Networks, Nvidia, ONI Systems, Oracle, Osmonics, Palm, Pemstar, Providian Financial, Qualcomm, Redback Networks, Reliant Resources, RF Micro Devices, Siebel Systems, Sonus Networks, Sun Microsystems, Sycamore Networks, Telstra Corp, Texas Instruments, Turkcell, Tyco International, Tyson Foods, WebMD, Williams Energy, WMC Ltd, and Worldcom Group.

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.

• AMR, Parent of American Airlines, lost 9.05% after its flight from New York City's JFK International Airport bound for the Dominican Republic crashed in New York City's Queens Borough. The plane crash took down hotels, online reservations, hotels, leisure aviation related, and entertainment stocks.

• Ciena gained 9.60% after announcing plans to cut 10% of its workforce and take a $1.7 billion charge in Q4. Ciena also announced that it will meet Q4 Wall Street financial estimates. 

• Airports scanner technology company Invision Technology gained 8.52% due to the plane crash, as reasons for the crash remain unknown.

• Oil shares and prices declined after the Russian Federation's planned production will be only a mere 35,000 barrels a day. OPEC meets Wednesday in Vienna to decide on their production cut.

• Dynegy gained 14.32% today after agreeing to acquire troubled Enron for a mere $9 billion in stocks. Enron gained 7.07% on the news.

• Telecommunications equipment maker ONI Systems gained 12.61% after its CEO Hugh Martin stated at the Deutsche Bank Alex Brown technology conference that, ONI Systems will not only survive the economic downturn, but will emerge from it as a leader in the sector.

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

• Pemstar gained 1.90% after launching i2 Technologies' Bill of Material - Request for Quotation (BOM RFQ) software solutions. i2 Technologies closed 3.10% lower.

• Disney gained 0.58% despite reporting fiscal Q4 earnings that disappointed and warned about fiscal Q1 and the rest of 2002.

• Akamai Technologies gained 10.75% after a Federal Court ruled on its content delivery technology patent lawsuit against Digital Island, now a unit of Cable & Wireless Plc. Cable & Wireless Plc. gained 0.74% on the NYSE as both companies saw a victory in the ruling.

• Tyson Foods gained 0.67% after reporting fiscal Q4 earnings that rose 160% to 22 cents a share, 2 cents a share better than First Call estimates, thanks to its acquisition of IBP. Revenue rose 175% to $5.09 billion. In a separate incident, a Federal Judge awarded $3 million to IBP employees who were not paid for the time they used in putting on protective gear before entering IBP processing factories, and when they cleaned up the plants after work.

• AFTER CLOSE: Juniper Networks announced that it is paying about $200 million in stock to acquire privately held cable modem maker, Pacific Broadband.

• AFTER CLOSE: WebMD is unchanged in after hours trading after reporting fiscal Q3 losses that were in line with First Call estimates. Over the year revenue rose, but missed First Call estimates by $6.7 million to $167 million.

• AFTER CLOSE: Software company Divine is gaining in after hours trading after reporting fiscal Q3 losses of 54 cents a share, well better than the $1.13 a share loss reported last year. Divine reported revenue that rose from $13.7 million last year to a whopping $48.1 million. Divine also announced that it has $175.8 million in cash as of September 30th.

• AFTER CLOSE: Pacific Swimwear is still losing in after hours trading after reporting fiscal Q3 earnings that beat First Call estimates by 1 cent  a share, while revenue rose 12% over the year to $183 million.

• 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 NOVEMBER 9TH. 2001

DOW INDUSTRIAL: 9608.00 = +20.48

NASDAQ: 1828.48 = +0.71

S & P 500: 1120.31 = +1.77

MOST ACTIVE STOCKS & SECTORS

The markets closed higher as the Dow gained to the levels of September 10th, as news that Afghanistan opposing group, the Northern Alliance, capture a major Northern city. The NASDAQ, which was see saw all day, had a heavy trading volume of over 1.523 billion, while the Dow had a volume of over 1.099 billion shares traded. Gainers included: AB Watley Group, Agco, Amazon.Com, AOL Time Warner, Applied Films, Applied Materials, Ask Jeeves, ATP Oil & Gas, Baker Hughes, Bea Systems, Broadcom, Brocade Communications, Caremark RX, Cendant, Ciena Corp, Cisco Systems, CNet Networks, Critical Path, Disney, Dynegy, eBay, EMC Corp, Enron, Ericsson, eUniverse Network, ExxonMobil, GE, Genentech, Global Marine, Hewlett Packard, i2 Technologies, Inktomi, Intel, JDS Uniphase, Juniper Networks, Level 3 Communications, Lucent Technologies, Madeco SA, Microsoft, M-Systems, Nextel Communications, Noble Drilling, Nortel Networks, Nvidia, Orbital Sciences, Osmonics, Palm, Parker Drilling, Premdor, Qlogic, Qualcomm, RCN Corp, Regus Plc, RTW, Safeguard Scientifics, Sicor inc, Siebel Systems, Sun Microsystems, Texas Instruments, TTI Team Telecom, Tyco International, Value City Department Stores, Veritas Software, Worldcom Group, XTO Energy, and Yahoo!.

MAIN REASONS FOR ACTIVITY

• US Producer Price Index (PPI), a good measure of producer inflation, declined 1.6% in October, its largest decline in decades, due to low energy prices. The Core PPI, which excludes the volatile Energy and food sections, declined 0.5%.

• The University of Michigan's Consumer Sentiment Survey rose from 82.7 in October to 83.5 in November. Expectations Index rose to 76.2, while Present Conditions Index rose 94.9. 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.

• Palm gained 16.74% after announcing the resignation of its CEO Carl Yankowski late yesterday. UBS Warburg reiterated its "strong buy" recommendation.

• Adelphia Communications closed lower after the cable operator reported fiscal Q3 losses, and stated that it raised about $1 billion in the period. Adelphia Communications also announced that it will spinoff its majority owned telephone company to shareholders.

• IPO Today: Applied Films closed 15.10% above its offering price. 

• Nvidia gained 6.93% today after reporting strong quarterly earnings and raising its outlook up to year 2003.

• Applied Materials gained 0.44% after adding 6 more shutdown days during the holiday season.

• 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.

• Hewlett Packard gained 3.49% on news that Walter Hewlett has hired consultants to lead the public relations fight against the Compaq deal.

• Disney gained 0.58% despite reporting fiscal Q4 earnings that disappointed and warned about fiscal Q1 and the rest of 2002.

• Motorola lost 1.49% after Morgan Stanley Dean Witter downgraded it to a "neutral".

• Enron gained 2.62% on news that a $7 billion offer for the company from Dynegy is very close. Also today, Moody's™ downgraded Enron's debts, and ready to cut more if need be. Dynegy closed 6.19% lower.

• Genentech gained 6.66% today after announcing late yesterday that it is buying back about $625 million of its stocks in 12 months.

• Crude oil prices gained $1.05 to close at $22.22/barrel after the Russian Federation announced today that it will join OPEC in cutting production so as to prop up prices.

• H.J. Heinz lost 6.56% after lowering its outlook for fiscal Q2 and the full year.

• Level 3 Communications gained 9.96% after signing a fiber optic network deal with AT&T Wireless on Thursday.

• RTW gained 94.57% after American Physicians Capital agreed to acquire it for $32 million.

• 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.

<---D563--->

MARKET SUMMARY FOR THURSDAY NOVEMBER 8TH. 2001

DOW INDUSTRIAL: 9587.52 = +33.15

NASDAQ: 1827.77 = -9.76

S & P 500: 1118.54 = +2.74

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow gained, while the NASDAQ closed slightly lower after the Bank of England and the European Central Bank surprised everyone with major interest rate cuts (see below). The NASDAQ, which gave back all of its gains in the last 2 hours, had a very very heavy trading volume of over 2.301 billion, while the Dow had a volume of over 1.479 billion shares traded. Gainers included: Aerogen, Airtran Holdings, Alaska Air Group, American Tower Corp, AOL Time Warner, Ask Jeeves, AT&T, Avista Corp, Bea Systems, British Airways Plc, Broadcom, Celanese, Chesapeake Energy, ChevronTexaco, Chordiant Software, Cisco Systems, Citigroup, Cray inc, Delta Airlines, Disney, Dynegy, Ericsson, ExxonMobil, Fair Isaac & Co, Forward Air Corp, GE, Grupo Industrial Maseca SA, i2 Technologies, InfoSpace, Inktomi, Intel, Internet Commerce, Iona Technology, KCS Energy, KLM Royal Dutch Airlines, Lands End, Level 3 Communications, Liberty Media, Marimba, Mattson Technology, Meristar Hospital, Mesa Air Group, Micron Tech, Microsoft, Motorola, Nokia, Northwest Airlines, Novel Denim Holdings Ltd, Oracle, OTG Software, Pediatrix Medical Group, PLX Technology, PMC Sierra, Qualcomm, Quicksilver Resources, Restoration, Saba Software, Safeguard Scientifics, Siebel Systems, Sun Microsystems, Texas Instruments, TiVo, Tyco International, University of Phoenix Online, Value City Department Stores, Vimpelcom, Visual Networks, Vitesse Semiconductor, Wal-Mart, Western Digital, and Worldcom Group.

MAIN REASONS FOR ACTIVITY

• US Chain Store Sales grew a strong 2.3% in October. Drug Stores, Discount Stores, and Wholesale Clubs accounted for the growth.

• US Initial Jobless Claims declined 46,000 to 450,000 for the week ending November 3rd. The 4 week moving average declined 9,000 to 487,000.

• US Import Prices declined 2.4% in October. Imported Capital Goods prices rose 0.1%, while Imported Consumer Goods (excluding vehicles) Prices declined 0.1%. US Export Prices declined 0.7% in October. Agricultural Commodities and Capital Goods Export Prices declined 1.7% and 0.4% respectively, while Export Consumer Goods (excluding vehicles) Prices saw no growth for the period. 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.

• Microsoft gained 0.26% after announcing that its just released Windows XP™ is flying off store shelves.

• Enron lost another 7.07% today after announcing that it will restate its profits from the last 4 years and the first 2 quarters of this year, to lower levels. Besides announcing that 2 officers with the company have been fired, Enron confirmed that it is in talks with Dynegy for a possible takeover of the company. Dynegy gained 10.61% on the news, and ChevronTexaco, which owns 27% of Dynegy, gained 0.36%. 

• Safeguard Scientifics gained 9.39% after reporting its fiscal Q3 earnings today.

• Value City Department Stores gained 12.07% after reporting that October sales rose 7.4% over the year to $182.7 million. McDonald Investments upgraded the stock to a "hold".

• European Airline shares gained as optimism continue to rise that, the folding of Belgium's Sabena Airlines will increase the consolidation pace and reduce excess capacity in Europe. US airlines didn't do bad either.

• The London Stock Exchange (LSE) to close higher after the Bank of England (BoE) and the European Central Bank (ECB) cut their Repo Rates by.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Pediatrix Medical Group gained 8.99% after settling 2 billing investigations with the state of Nevada.

• Wal-Mart gained 1.26% after reporting that its October sales rose 14.6% over the year to $16.616 billion!

• KCS Energy gained 9.22% after reporting fiscal Q3 earnings of 31 cents a share, while revenue rose $54.02 million over the year to $183.07 million.

• Lands End gained 1.78% after Barrington Research upgraded it to a "strong buy".

• University of Phoenix Online gained 3.76% after Pacific Growth Equities upgraded it to a "strong buy".

• AFTER CLOSE: Immunogen reported fiscal Q4 loss of 4 cents a share, 1 cent a share less than First Call estimates, while revenue declined by almost half over the year to $1.4 million.

• AFTER CLOSE: Palm is gaining in after hours trading after announcing the resignation of its CEO, Carl Yankowski. Palm's Chairman, Eric Benhamou will be acting CEO until a replacement is found.

• AFTER CLOSE: Genentech is still losing in after hours trading after its Board approved a $625 million stock buyback plan to cover the next 12 months.

• AFTER CLOSE: Nvidia is gaining in after hours trading after reporting fiscal Q3 earnings that were 5 cents a share better than First Call estimated, as revenue not only beat estimates, but almost doubled to $370.2 million.

• AFTER CLOSE: Disney is losing in after hours trading after reporting fiscal Q1 earnings that missed First Call estimates by 1 cent a share, and warned about 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.

• 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

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.

<---D562--->

MARKET SUMMARY FOR WEDNESDAY NOVEMBER 7TH. 2001

DOW INDUSTRIAL: 9554.37 = -36.75

NASDAQ: 1837.53 = +2.45

S & P 500: 1115.71 = -3.15

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow lost, while the NASDAQ gained due to good productivity data. The NASDAQ, which gave back almost all of its gains in the last 2 hours, had a very very heavy trading volume of over 2.066 billion, while the Dow had a volume of over 1.423 billion shares traded. Gainers included: Akamai Technologies, Allied Waste Industries, Amazon.Com, American Express, Americredit, Applied Materials, Aquila Corp, Ariba, Ask Jeeves, Bea Systems, Brio Software, British Airways Plc, Brocade Communications, Burhmann NV, Charles Schwab, Chesapeake Energy, Ciena Corp, Cisco Systems, Citigroup, Clear Channel, CMGI, CNet Networks, Conseco, Corning Corp, CP Ships Ltd, Critical Path, Dell, DigitalThink, EarthLink, eBay, Energis Plc, E*Trade Group, eUniverse, Genencor International, Hot Topic, i2 Technologies, Inktomi, Intel, JDS Uniphase, JP Morgan Chase & Co, Juniper Networks, Lamson & Session, Liberty Media, Manugistics Group, Napro Biotherapeutics, Nextel Communications, Nortel Networks, Oakley Corp, Oracle, Pixar Animation, Procter & Gamble, Providian Financial, Pyre Group Ltd, Qlogic, Qualcomm, Raindance Communications, Rogers Wireless, Serena Software, Siebel Systems, SilverStream Software, Sipex Corp, Sun Microsystems, Symbol Technologies, Texas Instruments, TiVo, Tyco International, Vignette, Vixel Corp, Waste Management, WebMethods, Webex, Worldcom Group, XO Communications, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Mortgage Bankers Association (MBA) reported that for week ending November 2nd, its MBA Mortgage Applications Survey Index rose 23% to 1037.9. The Purchase Index rose 19.7% to 318.4. The Refinance Index rose 24.3% to 5223.2.

• US Productivity grew a strong 2.7% in Q3 2001, due primarily to declines in hours worked, which 3.6%. Output declined 1%. Real Compensation per Hour rose 3.8%, its highest increase this year, while the Implicit Price Deflator rose at the same levels as Q2, 1.5% to 116.6.

• The Energy Information Agency (EIA) and the American Petroleum Institute (API) reported that for week ending November 2nd, US crude inventory rose 3.6 million barrels and 3.68 million barrels respectively, while Distillates increased 300,000 barrels and 1.54 million barrels respectively.

• US Consumer Credit grew only an annualized rate of 2.5% in September, or $3.2 billion from August levels to a total Credit in September of $1.597 trillion. US Consumer Credit has been declining steadily due to economic uncertainty.

• US Wholesale Sales declined 1.3% in September, while inventories declined 0.1%. The Inventory-to-Sales Ratio rose to 1.32. 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.

• Procter & Gamble gained 0.14% after the Justice Department approved its $4.95 billion acquisition of Clairol hair care business from Bristol Myers Squibb. Bristol Myers Squibb closed lower.

• Waste Management gained 6.43% after reporting fiscal Q3 earnings of 5 cents a share, and also agreed to settle a class action lawsuit for $457 million. 

• Interest sensitive stocks like credit issuers gained.

• Hewlett Packard (H-P) closed 3.18% lower as the Hewlett and Packard families openly oppose the H-P/Compaq deal. Compaq lost 6%.

• Enron lost 6.41% after the Wall Street Journal reported that power generator and trader Dynegy is in discussions to infuse $2 billion in the venture, or buy it outright. Dynegy lost 8.33% for thinking about acquiring debt laden Enron . El Paso Energy lost 3.53% after its Chairman & CEO hinted it might be interested in parts of Enron. Reliant Energy lost 0.53% even after denying it wasn't infusing cash into Enron. AG Edwards downgraded Enron to a "sell".

• Qualcomm gained 0.69% today despite reporting poor results and forecast yesterday. Ironically, rivals like Ericsson and Nokia closed lower due to Qualcomm's figures.

• British Airways Plc. and Energis Plc. not only gained in US markets, but helped the the London Stock Exchange (LSE) to close higher due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Lands End gained 17.94% after reporting fiscal Q3 earnings of 41 cents a share, a whopping 23 cents a share above First Call estimates, and revenue rose 4% to $376.1 million. Lands End attributed the stellar performance to its cost cutting and increased sales in full priced merchandize.

• Software shares gained on increased optimism from analysts that the sector might be turning the corner.

• Lucent Technologies lost 4.88% after announcing that although it is selling some of its units, its new products will take it back to profitability next year as planned.

• ExxonMobil lost 0.41% despite a US Appeals Court ruled that the 1994 $5 billion punitive damages fined to Exxon for the Exxon Valdez disaster was too excessive, since it covered a whole year's revenue of the company. A judge has been ordered to determine a lesser award.

• TiVo gained 16.96% after AT&T agreed to offer TiVo's video recorders to its cable customers.

• Genencor International gained 17.99% after signing a 5-year $600 million Enzymes supply contract with Procter & Gamble.

• AFTER CLOSE: Pixar Animation is still gaining in after hours trading after reporting fiscal Q3 earnings that beat First Call estimates by 2 cents a share, while sales declined $6 million over the year to $11.3 million. Pixar raised its outlook for 2001 due to the strong performance of its Monsters, inc.™ movie.

• AFTER CLOSE: DSL.net is gaining aggressively in after hours trading after reporting fiscal Q3 loss that was lower than a year ago, while revenue rose 103% to $11.7 million. DSL.net raised its fiscal Q4 outlook and stated that, it has cash to last it till Q3 2002.

• AFTER CLOSE: Clear Channel reported fiscal Q3 net loss that was 4 cents a share wider than First Call estimates, but revenue rose 46% to $2.3 billion.

• AFTER CLOSE: Critical Path is losing in after hours trading after reporting fiscal Q3 losses of 36 cents a share, 9 cents a share wider than First Call estimated, as revenue declined from $35.3 million reported last year to $26.8 million.

• AFTER CLOSE: Allied Waste Industries is still gaining in after hours trading after reporting fiscal Q3 earnings that missed First Call estimates by 1 cent a share, while revenue met First Call estimates at $1.41 billion.

• 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.

• 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

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.

<---D561--->

MARKET SUMMARY FOR TUESDAY NOVEMBER 6TH. 2001

DOW INDUSTRIAL: 9591.12 = +150.09

NASDAQ: 1835.08 = +41.43

S & P 500: 1118.86 = +16.02

MOST ACTIVE STOCKS & SECTORS

The markets closed higher after the Federal Reserve FOMC action. The NASDAQ, which zoomed upward after the announcement, had a very heavy trading volume of over 1.947 billion, while the Dow had a volume of over 1.328 billion shares traded. Gainers included: Airtran Holdings, AOL Time Warner, Applied Materials, Ariba, AT&T, Bea Systems, BMC Industries, Bristol Myers Squibb, Broadcom, Brocade Communications, Cisco Systems, Citigroup, Commerce One, Conseco, Corning Corp, Dell, EMC Corp, Enterasys Networks, Ericsson, Extreme Networks, ExxonMobil, Foundry Networks, GE, Hewlett Packard, i2 Technologies, IBM, Intel, JP Morgan Chase & Co, Labor Ready, Lucent Technologies, Mandalay Bay Resort & Casino, Maxim Integrated Products, Metris Companies, Microsoft, Nextel Communications, Nokia, Nortel Networks, Optical Communication Products, Oracle, Orbital Sciences, PMC-Sierra, Providian Financial, Qualcomm, Register.Com, Safeguard Scientifics, SAP AG, Siebel Systems, Spirent Plc, Sun Microsystems, Texas Instruments, Time Warner Telecom, TMP Worldwide, Tomkins Plc, TRW, Veritas Software, Worldcom Group, XO Communications, and Yahoo!

MAIN REASONS FOR ACTIVITY

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

• B2B software shares gained after Microsoft announced plans to introduce a new software that will bring suppliers online. 

• Troubled energy group Enron declined another 13.43% to close at $9.67/share, the first time in over a decade to close below below $10/share. The Wall Street Journal reported that the company is looking for about $2 billion in private capital infusion in exchange for a part of the company.

• Time Warner Telecom gained 14.88% after reporting fiscal Q3 net losses that widened, but revenue grew 43% to $172.7 million.

• Disney lost 2.14% after Goldman Sachs cut its ratings on the media giant due to fears that Disney will have some fiscal 2002 losses.

• Microsoft gained 2.39% after half of the 18 State Attorney Generals signed on to the US Department of Justice settlement proposal. California is one of the major holdouts.

• TMP Worldwide, the parent of Monster.Com online jobs portal, gained 3.06% today after reporting stellar earnings yesterday.

• Tomkins Plc. and Spirent Plc. not only gained in US markets, but helped the the London Stock Exchange (LSE) to close higher due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Newport News Shipbuilding lost 2.13% after receiving a revised offer from Northrop Grumman worth $67.50/share in cash and equities. Northrop Grumman, which lost 1.10% to close at $98.52/share, has seen its shares rise significantly in recent weeks.

• Europe's largest software company, SAP AG, gained 5.82% today after joining other major software players by announcing today that it will start delivery its business software as web services.

• Cisco Systems gained 3.18% after ABN AMRO and Lehman Brothers raised their ratings on the stock. ABN AMRO, CS First Boston, Lehman Brothers, SG Cowen, and UBS Warburg raised their earnings and price targets on the stock due to its spectacular earnings report yesterday.

• Domain registration services firm Register.Com gained 2.12% after reporting fiscal Q3 earnings of 4 cents a share, while revenue rose 20% to $29.5 million. Register.Com's board also approved a $10 million stock buyback plan over the next 18 months.

• Hewlett Packard gained 17.29% after the Hewlett family which owns about 5% of the company, made known that they do not like the Compaq acquisition deal. The Packard family haven't made a statement. Troubled Compaq, which was counting on the deal to survive, lost 5.49%.

• Lucent Technologies gained 2.79% after announcing that it intends to sell parts of its network services for large corporate clients unit.

• AFTER CLOSE: Qualcomm is losing in after hours trading after reporting fiscal Q4 earnings that missed First Call estimates, and warned about fiscal Q1 too.

• AFTER CLOSE: Optical Communication Products is losing in after hours trading after reporting fiscal Q4 loss of 4 cents a share, well off the 2 cents a share earnings First Call was estimating. Revenue declined 54.7% over the year to $14.9 million.

• AFTER CLOSE: Maxim Integrated Products is still gaining in after hours trading after reporting fiscal Q1 earnings of 17 cents a share, 1 cent a share better than First Call estimates, while revenue declined by almost half to $239.4 million, which still beat First Call 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.

• 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

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.