THE
"DAILY BREAD" FOR THE MARKET
Daily
Morning Insights on the Market
<---D580--->
MARKET
SUMMARY FOR TUESDAY DECEMBER 4TH. 2001
DOW
INDUSTRIAL: 9893.84 = +129.88
NASDAQ:
1963.10 = +58.20
S
& P 500: 1144.80 = +14.90
MOST
ACTIVE STOCKS & SECTORS
The
markets closed higher to mid August levels. The NASDAQ,
which was up all day long, had a very heavy trading
volume of over 1.908 billion, while the Dow had a volume
of over 1.292 billion shares traded. Gainers included:
Acterna Corp, Amazon.Com, AOL Time Warner, Applied Materials,
Applied Micro Circuits, Ariba, Ask Jeeves, AT&T,
Autozone, Avant Corp, Broadcom, Brocade Communications,
Calpine Corp, Ciena Corp, Cisco Systems, Citigroup,
CNet Networks, Coca Cola, Coca Cola Enterprises, Comcast,
Compaq, Cox Communications, Dell, Disney, Dynegy, Electro
Scientific Industries, EMC Corp, Emons Transport, Enron,
Ericsson, ExxonMobil, GE, Hewlett Packard, Home Depot,
i2 Technologies, Inrange Technologies, Intel, JDS Uniphase,
Juniper Networks, KLA-Tencor, Lam Research, Lucent Technologies,
Manugistics Group, McLeodUSA, MedImmune, Micron Tech,
Microsoft, Motorola, Nextel Communications, Nokia, Nortel
Networks, Novellus Systems, Overture Services, Palm,
Qlogic, Satyam Computer, Satyam Infoway, Siebel Systems,
Sonera Corp, Sun Microsystems, Texas Instruments, Tyco
International, Varian Semiconductor Equipment Associates,
Veritas Software, WebMethods, Worldcom Group, and Yahoo!
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.
-
Semiconductor
stocks gained after UBS Warburg made known that
the sector is about to turn around. UBS Warburg
also raised the price target on Intel for the next
12 months to $36/ share. Intel gained 2.56% to close
at $32.86/share.
-
Enron,
Dynegy and banking shares gained as it became obvious
Enron will get some fresh financing.
-
Cisco
gained 3.32% after its CEO John Chambers made known
that the company met its November Orders goals.
-
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.
-
Home
Depot gained 2.82% after Merrill Lynch added it
to its "Focus List" of stocks.
-
Avant
gained 63.01% after agreeing to a $769 million in
stock acquisition from Synopsys. Synopsys lost 4.26%.
-
Coca
Cola Enterprise, the giant Coke™ bottler, gained
4.99% after announcing that it will meet its higher
end yearly earnings forecast.
-
Satyam
Computer gained 11.69% on takeover rumors. Reuters
also reported over the weekend that, Satyam is negotiating
with AOL Time Warner to sell it its 52% stake in
Indian ISP, Satyam Infoway. Satyam Infoway also
gained.
-
Micron
Tech gained 6.76% on news that South Korea's Hynix
Semiconductor will start strategic alliance talks
with it, which analysts hope will reduce excess
chip capacity in the marketplace.
-
Ariba
gained 15.17% after General Dynamics selected its
Enterprise Sourcing technology for its outsourcing
needs.
-
Amazon.Com
gained 13.73% after paying $6.1 million for assets
of bankrupt computer products and software company,
EggHead.Com.
-
Manugistics
Group gained 26.55% after announcing that Logitech
will implement its global forecasting and planning
solutions. Manugistics also received an upgrade
today.
-
Sprint
FON Group lost 2.67% after warnings about its fiscal
Q4 revenue and earnings, but expects business to
pick up sharply next year.
-
Inrange
Technologies gained 37.90% after raising its fiscal
Q4 earnings and revenue outlook.
-
AFTER
CLOSE: Autozone reported fiscal Q1 earnings that
beat First Call estimates by a large margin, while
revenue rose 10.6% over the year and also beat First
Call estimates to $1.18 billion.
-
ANOTHER
ADDITION: We now have services for Australia,
Canada,
South Africa,
UK &
Ireland, and United States. We will continue our qualitative,
informative, and useful content policies at all
our portals. Thank you for your support.
-
JOIN
THE DISCUSSIONS: Due to the immense popularity this
column has received recently, and the willingness
of our guests to communicate with each other, we
have expanded our message boards so as to serve
you better. Please check out (and post on) our NEW
expanded message boards here
PICKS
FOR THE NEXT MARKET DAY
REASONS
BEHIND THE PICKS
- We
think the markets will rally tomorrow again.
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.
<---D579--->
MARKET
SUMMARY FOR MONDAY DECEMBER 3RD. 2001
DOW
INDUSTRIAL: 9763.96 = -87.60
NASDAQ:
1904.90 = -25.68
S
& P 500: 1128.34 = -11.11
MOST
ACTIVE STOCKS & SECTORS
The
markets closed lower due to the Enron debacle, despite
surprisingly good economic data. The NASDAQ, which was
down all day long, had a relatively light trading volume
of over 1.493 billion, while the Dow had a volume of
over 1.200 billion shares traded. Gainers included:
Actuant, American Italian Pasta, Arris Group, AT&T Wireless,
Aviron, BankAtlantic Bancorp, Brasil Telecom, C2 inc,
C-Cor.Net, CKE Restaurants, Collins & Aikman, Computer
Sciences Corp, Digimarc, Enron, EOTT Energy, ExxonMobil,
Falconstor Software, Fila Holdings SpA, FindWhat.Com,
Flextronics, Johnson & Johnson, Liberate Technology,
Lucent Technologies, Magal Security Services, Magnatek,
Matria Healthcare, MB Financial, Micron Tech, Microsoft,
Mobile Telesys OJSC, Motorola, MRO Software, MSC Software,
Mykrolis, Nextel Communications, OSI Systems, Parlex,
Peak International Ltd, Pfizer, Providian Financial,
Regus Plc, The Keith Companies, United Online, Votorantim,
Yahoo!, and Zonagen
MAIN
REASONS FOR ACTIVITY
-
The
National Purchasing Managers Association (NAPM)
reported that for the month of November, its NAPM
Index, a good measure of manufacturing activities
in the nation, rose to 44.5% - any point below 50%
is a contraction.
-
US
Personal Income declined less than 0.1% in October,
but Consumer Spending rose a strong 2.9%.
-
Global
Semiconductor Sales rose a strong 2.5% in October,
as all regions, except Japan, saw an increase in
Sales.
-
US
Construction Spending rose $16 billion, or 1.9%
in October, due mostly to public building 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.
-
Biotechnology
firm Cephalon lost 3.73% after announcing that it
is paying $450 million in cash for French drugmaker,
Lafon, so as to to have exclusive rights to its
fatigue drug, Provigil.
-
Major
Wall Street firms like Citigroup and JP Morgan Chase
& Co. closed lower due to their exposure to highly
indebted energy trader, Enron, which filed for Chapter
11 protection on Sunday. Dynegy lost 10.48% after
Enron made known that it will sue Dynegy for $9
billion for breaking up their merger plans at the
last minute.
-
Oil
shares and prices gained due to increased tension
in the Middle East, and the likelihood that the
Russian Federation will cut production by a larger
amount as was requested by OPEC.
-
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.
-
Biotechnology
firm Aviron gained 4.37% after Medimmune announced
that it is paying about $1 billion in stock for
the nasal flu vaccine maker. Medimmune lost 11.95%.
-
Yahoo!
gained 1.67% after Soundview upgraded it to a "buy"
on grounds that the company is showing signs of
turning around, and it likes their recent restructuring.
Soundview downgraded AOL Time Warner to a "buy"
recommendation. AOL Time Warner lost 3.76%.
-
Digimarc
gained 12.81% after announcing that it will pay
$55.5 million to acquire Polaroid's ID systems business.
-
IBM
lost 1.26% despite announcing that it has signed
a 10 year, $1.4 billion technology services contract
with Cendant. Cendant closed lower.
-
Micron
Technology gained 5.15% after Merrill Lynch upgraded
it to a "buy" recommendation.
-
ANOTHER
ADDITION: We now have services for Australia,
Canada,
South Africa,
UK &
Ireland, and United States. We will continue our qualitative,
informative, and useful content policies at all
our portals. Thank you for your support.
-
JOIN
THE DISCUSSIONS: Due to the immense popularity this
column has received recently, and the willingness
of our guests to communicate with each other, we
have expanded our message boards so as to serve
you better. Please check out (and post on) our NEW
expanded message boards here
PICKS
FOR THE NEXT MARKET DAY
REASONS
BEHIND THE PICKS
- We
think the markets will rally tomorrow after ignoring
today's good economic data at the expense of Enron.
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.
<---D578--->
MARKET
SUMMARY FOR FRIDAY NOVEMBER 30TH. 2001
DOW
INDUSTRIAL: 9851.56 = +22.14
NASDAQ:
1930.58 = -2.68
S
& P 500: 1137.88 = -2.32
MOST
ACTIVE STOCKS & SECTORS
The
markets closed mixed today as the Dow rallied, due primarily
from Home Depot. The NASDAQ, which was up and down day
long, had a very heavy trading volume of over 1.831
billion, while the Dow had a volume of over 1.345 billion
shares traded. Gainers included: Actuity Brands, Adam,
Amtran, Allied Waste, Brocade Communications, C2 inc,
Cendant Corp, Centex, Chordiant Software, Cisco Systems,
Dell, Discovery Partners, EQ Redident, Freeport McMoran
Gold, Hall Kinion, Hancock Fabrics, Hewlett Packard,
Intel, Invision Technology, Kana Software, Loral Space,
Massey Eenergy, Merck & Co, Modem Media, Nokia, Nortel
Networks, Novogen Ltd, Osteotech, Pain Therapeutics,
Ralston-Purina, Rex Stores, RSA Security, Sanmina, Sun
Microsystems, Symbollon Pharmaceuticals, Toll Brothers,
US Airways, Veritas DGC, Williams Communications, Winnebago
Industries, and Xerox Corp.
MAIN
REASONS FOR ACTIVITY
-
The
Chicago Purchasing Managers Association reported
that for the month of November, its Chicago PMI
Index, a good measure of manufacturing activities
in the region, declined to 41.1% - any point below
50% is a contraction. This is the 14th. consecutive
monthly contraction.
-
US
Agricultural Prices declined a lower than expected
1% in October.
-
US
Gross Domestic Product (GDP) for the Third Quarter
(Q3) was revised to a decline of 1.1%, its worst
showing in a decade. 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.
-
Home
Depot gained 5.97% and helped the Dow close lower
after revising lower its outlook for the next 3
years. The revised outlook was still better than
what the market was expecting.
-
Kraft
lost 2.04% after announcing plans to close 2 Latin
American plants and cut 500 jobs, as it tries to
absorb its acquisition of Nabisco.
-
Novellus
Systems lost 8.49% and took semiconductor stocks
down with it after lowering its outlook yesterday.
-
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.
-
Ralston-Purina
gained 0.06% on news that the FTC is about to approve
Nestle's acquisition of the company.
-
Kana
Software gained 34.33% today after securing $55
million in funding from Technology Crossover Ventures
yesterday.
-
Discovery
Partners gained 31.70% on news that a major Pharmaceuticals
company is about to acquire the drug discoverer.
-
Invision
Technology gained 24.38% after the FAA bought its
i-Portal 100 Imaging Detection Systems valued at
around $445,300.
-
ANOTHER
ADDITION: We now have services for Australia,
Canada,
South Africa,
UK &
Ireland, and United States. We will continue our qualitative,
informative, and useful content policies at all
our portals. Thank you for your support.
-
JOIN
THE DISCUSSIONS: Due to the immense popularity this
column has received recently, and the willingness
of our guests to communicate with each other, we
have expanded our message boards so as to serve
you better. Please check out (and post on) our NEW
expanded message boards here
PICKS
FOR THE NEXT MARKET DAY
REASONS
BEHIND THE PICKS
- We
expect next week to be strong.
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.
<---D577--->
MARKET
SUMMARY FOR THURSDAY NOVEMBER 29TH. 2001
DOW
INDUSTRIAL: 9829.42 = +117.56
NASDAQ:
1933.26 = +45.29
S
& P 500: 1140.20 = +11.68
MOST
ACTIVE STOCKS & SECTORS
The
markets closed higher today. The NASDAQ, which was up
all day long, had a very heavy trading volume of over
1.957 billion, while the Dow had a volume of over 1.368
billion shares traded. Gainers included: Alaska Air
Group, America West Holdings, AMR, Applied Materials,
Applied Micro Circuits, Ask Jeeves, AT&T, Barnes & Noble,
Brocade Communications, Calpine Corp, Cendant Corp,
Ciena Corp, Cisco Systems, Citigroup, Compaq, Continental
Airlines, Corning, Dell, Delta Air Lines, EMC Corp,
Ericsson, eUniverse Network, ExxonMobil, FreeMarkets,
GE, H&R Block, i2 Technologies, IBM, Inamed, InfoSpace,
Intel, JDS Uniphase, JP Morgan Chase & Co, Juniper Networks,
KLA-Tencor, Lexmark International, McData, Microsoft,
Nokia, Northwest Airlines, Novell, Novellus Systems,
Nvidia, Oracle, Palm, Pfizer, Pharmacia, PMC-Sierra,
Rex Stores, Siebel Systems, Skywest, Sun Microsystems,
Taiwan Semiconductor, Texas Instruments, UAL, Unova
Corp, US Airways, Value City Department Stores, Walter
Industries, WebMethods, Worldcom Group, and Yahoo!
MAIN
REASONS FOR ACTIVITY
-
The
Conference Board reported that its Help Wanted Index,
a good measure of blue collar employee demand, declined
6 points in October to 46, its lowest levels since
1982.
-
US
Durable Goods Orders gained 12.8% in October.
-
US
New Home Sales rose 0.2% in October to a stronger
than expected 880,000. The October level is slightly
higher than the September adjusted levels of 878,000,
but only 5% below last year's levels.
-
US
Jobless Claims for weekending November 24th. rose
54,000 to 488,000. The 4 week moving average declined
2,000 to 454,000. 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.
-
Palm
gained 7.33% after announcing that it expects to
meet its financial estimates for the quarter.
-
Airline
shares recovered today on good comments from DB
Alex Brown, which also upgraded most of them. DB
Alex Brown thinks the worst might be behind the
industry.
-
Enron
lost 40.98% and closed with a market capitalization
of $267.8 million as investors put it on bankruptcy
watch. Companies who have exporsure to Enron also
closed lower. Dynegy closed 6.24% lower.
-
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.
-
FreeMarkets
gained 33.77% after raising its quarterly revenue
and earnings outlook.
-
EMC
Corp gained 2.46% after announcing that it is creating
a software unit, as software services become a major
revenue source for the data storage company.
-
AFTER
CLOSE: Novellus Systems is losing after warning
that although it will meet fiscal Q4 estimates,
it will miss fiscal Q1 and probably fiscal Q2.
-
AFTER
CLOSE: Novell is still gaining in after hours trading
after reporting fiscal Q4 earnings of 2 cents a
share, which is better than the break even First
Call was expecting. Revenue also rose over the year
to $308 million.
-
AFTER
CLOSE: Starbucks is gaining in after hours trading
after announcing that, its November same-store sales
rose 1% over the year, while revenue rose 20% to
$237 million.
-
AFTER
CLOSE: Medical devices maker, Inamed, is still gaining
after announcing that, it expects strong growth
from its product lines in 2002.
-
ANOTHER
ADDITION: We now have services for Australia,
Canada,
South Africa,
UK &
Ireland, and United States. We will continue our qualitative,
informative, and useful content policies at all
our portals. Thank you for your support.
-
JOIN
THE DISCUSSIONS: Due to the immense popularity this
column has received recently, and the willingness
of our guests to communicate with each other, we
have expanded our message boards so as to serve
you better. Please check out (and post on) our NEW
expanded message boards here
PICKS
FOR THE NEXT MARKET DAY
REASONS
BEHIND THE PICKS
- The
after hours market looks okay due to strong earnings
from Novell, and good outlooks from Starbucks and
Inamed. However, with this market, anything will
be possible tomorrow.
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.
<---D576--->
MARKET
SUMMARY FOR WEDNESDAY NOVEMBER 28TH. 2001
DOW
INDUSTRIAL: 9711.88 = -160.74
NASDAQ:
1887.97 = -48.00
S
& P 500: 1128.52 = -20.98
MOST
ACTIVE STOCKS & SECTORS
The
markets closed lower on uneasiness about the future.
The NASDAQ, which was under pressure all day, had a
very heavy trading volume of over 1.903 billion, while
the Dow had a volume of over 1.390 billion shares traded.
Gainers included: Agco Corp, Agnico Eagle, Airlease
Ltd, Amazon, AT&T, Baxter International, CCF Holding
Company, Chromavision Medical Systems, Citrix Systems,
Cornell Companies, ECollege.Com, Edison International,
Flextronics, Gateway, Given Imaging, Home Depot, Intasys
Corp, Lawson Products, Loral Space, Medtronics, Medwave,
MIIX, Nexell Therapeutics, Orbital Sciences, Paxar Corp,
Pepsi-Gemex SA, Phillipine Long Distance, Scansoft,
Silicon Graphics, SnowBall.Com, Sonic Foundry, Systemex,
The Pantry, and Unova Corp.
MAIN
REASONS FOR ACTIVITY
-
The
Mortgage Bankers Association (MBA) reported that
its MBA Mortgage Applications Survey for week ending
November 23rd. declined 8.2% to 905.1. The Purchase
Index rose 28.3% to 324, while the Refinance Index
declined to 4998.3. The Average 30-year Mortgage
Rate rate rose from 6.84% seen last week to 6.89%.
-
The
Commerce Department reported that, US E-Commerce
sales in Q3 2001 rose to $7.5 billion, while total
retail sales declined 2.6% for the period.
-
The
American Petroleum Institute (API) and the Energy
Information Administration (EIA) reported that for
week ending November 23rd., US crude oil inventories
declined about 1 million and 3.1 million barrels
respectively, while Distillates rose 5 million and
5.1 million barrels respectively.
-
The
Federal Reserve Districts "Beige Book" report was
released today and showed a dismal economic performance
in October (We will have the full report 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.
-
Contract
Electronics Manufacturer (CEM) Flextronics gained
another 3.13% today due to its reiterating financial
targets for the next 2 quarters.
-
Airline
shares gave back some of their recent gains recently.
-
SRI/Surgical
Express lost 41.43% after restating lower earnings
and announcing that it lost customers, as opposed
to its previous announcement that it gained customers.
-
Enron
lost 85.16% to close at a market capitalization
of $453.8 million, yes millions, after Dynegy withdrew
its $9 billion offer. Dynegy lost 12.03%. Other
energy shares were pulled down too. The Enron debacle
will end up being one of the top case studies on
how not to run a company.
-
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.
-
Nvidia
lost 5.05% despite a Standard & Poor announcement
that, Nvidia is to replace Enron on its venerated
S&P 500 Index at the close of trading on Thursday.
-
Nexell
Therapeutics gained a whopping 220% after the FDA
gave its rare blood illnesses treatment drug "orphan"
status. Orphan status means the fastest tract to
market as possible.
-
Baxter
International gained 1.29% after its joint venture
with the UK firm, Acambis Plc, won a Department
of Health and Human Services $428 million contract
to supply 155 million doses of Smallpox vaccine.
-
Dell
lost 1.85% after its CEO Michael Dell reiterated
that the company's fiscal Q4 earnings will be similar
to its Q3, and that revenue will rise slightly above
fiscal Q3 revenue of $7.5 billion.
-
Gateway
gained 11.18% after Lehman Brothers and Prudential
had good comments about the increased traffic to
its Gateway Stores.
-
Paxar
gained 6.10% after announcing that it will increase
its stock buyback by $50 million to $150 million.
Paxar also bought back 3 million shares from an
investor today.
-
ANOTHER
ADDITION: We now have services for Australia,
Canada,
South Africa,
UK &
Ireland, and United States. We will continue our qualitative,
informative, and useful content policies at all
our portals. Thank you for your support.
-
JOIN
THE DISCUSSIONS: Due to the immense popularity this
column has received recently, and the willingness
of our guests to communicate with each other, we
have expanded our message boards so as to serve
you better. Please check out (and post on) our NEW
expanded message boards here
PICKS
FOR THE NEXT MARKET DAY
REASONS
BEHIND THE PICKS
- The
after hours market looks too directionless to make
a call. We are expecting this week to be very strong.
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.
<---D575--->
MARKET
SUMMARY FOR TUESDAY NOVEMBER 27TH. 2001
DOW
INDUSTRIAL: 9872.60 = -110.15
NASDAQ:
1935.97 = -5.26
S
& P 500: 1149.50 = -7.92
MOST
ACTIVE STOCKS & SECTORS
The
markets closed lower on disappointing consumer confidence
data. The NASDAQ, which was up and down all day, had
a very heavy trading volume of over 2.137 billion, while
the Dow had a volume of over 1.283 billion shares traded.
Gainers included: Anthem, Applied Materials, AT&T, Bea
Systems, Brown Shoe Co, Cendant, Concurrent Computer
Corp, Corimon CA, Dynegy, EMC Corp, Enron, Fila Holdings
SpA, Flextronics, Four Seasons, Halliburton, i2 Technologies,
Imco Recycling, Intel, KLA Tencor, Level 3 Communications,
Micron Technology, Omnivision Technologies, Petroleum
Geo Services, Qiunsa, Red Hat, Sanmina, Schlumberger,
Scientific-Atlanta, Silverline Technology, Sprint PCS
Group, Sun Microsystems, Texas Instruments, Tyco International,
VA Linux, Veritas Software, and Xerox Corp.
MAIN
REASONS FOR ACTIVITY
-
The
Conference Board reported that, US Consumer Confidence
declined to 82.2 in October, the lowest level in
7 years, and well off the increase economists were
expecting.
-
US
Sales of Existing Homes rose 5.5% to 5.17 million
in October, due mostly to the low mortgage rates.
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.
-
Contract
Electronics Manufacturer (CEM) Flextronics gained
2.94% and pushed other CEMs higher after reiterating
its financial targets for the next 2 quarters. Flextronics
is also reorganizing its accounts handling practices.
-
Nokia
lost 6.02% after cutting its fiscal 2001 sales outlook.
-
Linux
vendor, Red Hat, gained 26.79% after signing a service
and support agreement with IBM for its alternative
operating systems (non Microsoft) servers.
-
Oil
services shares gained after the Russian Federation
announced that it will consider cutting production
further in January.
-
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.
-
Intel
gained 1.38% after stating that it is increasingly
confident of meeting its quarterly revenue targets.
-
Dynegy
gained 4.18% afterconfirming that it is in talks
to renegotiate its takeover of Enron. Word is, Dynegy
will end up paying at least 40% less of the original
$9 billion. Enron gained 2.49% and closed with a
market capitalization of $3.057 billion.
-
AFTER
CLOSE: Concurrent Computer announced a media agreement
with AOL, the online unit of AOL Time Warner.
-
AFTER
CLOSE: Omivision Technologies is losing in after
hours trading after reporting fiscal Q2 losses of
17 cents a share, well below the 1 cent a share
profit First Call was expecting.
-
AFTER
CLOSE: Well Fargo is gaining in after hours trading
after announcing plans to buyback 30 million of
its common shares.
-
AFTER
CLOSE: Seachange International is losing in after
hours trading after reporting a fiscal Q3 loss that
was 2 cents a share wider than Wall Street estimates.
-
AFTER
CLOSE: Finisar is losing in after hours trading
after reporting a fiscal Q2 loss that was in line
with estimates, while revenue declined about 20%
to $35.1 million.
-
AFTER
CLOSE: Medtronic is gaining in after hours trading
after reporting fiscal Q2 earnings that met First
Call estimates, and reveneu rose 15% over the year
to $1.6 billion.
-
ANOTHER
ADDITION: We now have services for Australia,
Canada,
South Africa,
UK &
Ireland, and United States. We will continue our qualitative,
informative, and useful content policies at all
our portals. Thank you for your support.
-
JOIN
THE DISCUSSIONS: Due to the immense popularity this
column has received recently, and the willingness
of our guests to communicate with each other, we
have expanded our message boards so as to serve
you better. Please check out (and post on) our NEW
expanded message boards here
PICKS
FOR THE NEXT MARKET DAY
REASONS
BEHIND THE PICKS
- The
after hours market looks too directionless to make
a call. We are expecting this week to be very strong.
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.
<---D574--->
MARKET
SUMMARY FOR MONDAY NOVEMBER 26TH. 2001
DOW
INDUSTRIAL: 9982.75 = +23.04
NASDAQ:
1941.23 = +38.03
S
& P 500: 1157.42 = +7.08
MOST
ACTIVE STOCKS & SECTORS
The
markets closed higher despite some negative economic
news. The NASDAQ, which was hot all day, had a heavy
trading volume of over 1.734 billion, while the Dow
had a volume of over 1.079 billion shares traded. Gainers
included: Aastrom Biosciences, Amazon.Com, Amgen, AOL
Time Warner, Applied Materials, Applied Micro Circuits,
AT&T, AT&T Wireless, Broadcom, Ciena Corp, Cisco Systems,
Citigroup, Compaq, Corning, Dell, EMC Corp, Ericsson,
Flextronics, Ford Motor Co, GE, Geron, Handspring, Honeywell
International, Intel, JDS Uniphase, Juniper Networks,
Micron Technology, Micromuse, Microsoft, Motorola, Nextel
Communications, Nokia, Nortel Networks, Oracle, Palm,
Pfizer, Providian Financial, Qwest Communications International,
Siebel Systems, Solectron, StemCells, Sun Microsystems,
Taiwan Semiconductor, Texas Instruments, Tyco International,
Worldcom Group, XO Communications, and Yahoo!
MAIN
REASONS FOR ACTIVITY
-
The
National Bureau of Economic Research (NBER) reported
today that, the US economy has been in a recession
since March, and it expects it to turn around in
mid 2002. 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
gained 34.47% as it becomes clear that the online
retail giant will have a strong holiday sells.
-
Biotechnology
shares gained after a private biotech company cloned
the first human embryo.
-
Enron
and Dynegy closed lower as pressure mounts for them
to either cancel their merger, or at least renegotiate.
-
Taiwan
Semiconductor gained 5.73% and helped technology
stocks to close higher after raising its fiscal
2001 financial outlook.
-
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.
-
Oil
shares and prices closed lower as the production
cut standoff between OPEC and non-OPEC Russia seem
farther from a quick settlement.
-
AOL
Time Warner gained after announcing that the worldwide
subscription base for its online unit, AOL, has
surpassed the 32 million mark, thanks to the AOL
7.0 Version.
-
Lucent
Technologies lost 4.71% after Morgan Stanley Dean
Witter downgraded it.
-
Honeywell
International gained after wining a $1 billion pneumatic
tube components contract for the engines of Airbus
A380 Superjumbo Airliner.
-
Home
Depot lost 2.28% after the Wall Street Journal reported
that Home Depot's meeting with analysts this week
will disappoint.
-
Intel
gained 2.61% after announcing a new technology that
will help its chips run faster and use lower power.
-
ANOTHER
ADDITION: We now have services for Australia,
Canada,
South Africa,
UK &
Ireland, and United States. We will continue our qualitative,
informative, and useful content policies at all
our portals. Thank you for your support.
-
JOIN
THE DISCUSSIONS: Due to the immense popularity this
column has received recently, and the willingness
of our guests to communicate with each other, we
have expanded our message boards so as to serve
you better. Please check out (and post on) our NEW
expanded message boards here
PICKS
FOR THE NEXT MARKET DAY
REASONS
BEHIND THE PICKS
- The
after hours market doesn't look bad. We are expecting
this week to be very strong.
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.
<---D573--->
MARKET
SUMMARY FOR FRIDAY NOVEMBER 23RD. 2001
DOW
INDUSTRIAL: 9959.71 = +125.03
NASDAQ:
1903.20 = +28.15
S
& P 500: 1150.34 = +13.31
MOST
ACTIVE STOCKS & SECTORS
The
markets closed higher due to some upbeat holiday sales
outlook. The NASDAQ, which was hot all of today's half
trading day, had a light trading volume of over 0.569
billion, while the Dow had a volume of over 0.410 billion
shares traded. Gainers included: ADC Telecommunications,
Advanced Semiconductor, Agere Systems, Aksys Ltd, Allen
Telecom, Amazon.Com, Amgen, AOL Time Warner, Applied
Materials, Applied Micro Circuits, ASB Financial, Ask
Jeeves, Banco Latinoamericano de Exportaciones SA, Bear
Stearns, BMC Industries, BP Amoco Plc, Brasil Telecom,
Broadcom, Brocade Communications, Burlington Resources,
ChevronTexaco, Ciena Corp, Cisco Systems, Citigroup,
CMGI, Compaq, Conestoga Enterprises, Conseco, Corning,
Dell, Disney, Dynegy, EMC Corp, Ericsson, ExxonMobil,
Fairchild Corp, Federated Department Stores, Flextronics,
Ford Motor Co, GE, Golden Telecom, Goldman Sachs, Halliburton,
Home Depot, ICICI Bank Ltd, ICICI Ltd, IMAX Corp, Immunex,
Infenion Technologies, Intel, JDS Uniphase, Joann Stores,
JP Morgan Chase & Co, Juniper Networks, K-Mart,
Korea Telecom, LastMinute.Com, Lehman Brothers, Lucent
Technologies, Merrill Lynch, Microsoft, Mobil Telesys,
Motorola, Nabor Industries, Nextel Communications, Nokia,
Nortel Networks, Novellus Systems, Ntelos, Oracle, Palm,
Pepsico, Pfizer, Pohang Iron & Steel, Rostelecom,
Satyam Computer, SK Telecom, StorageNetworks, Sun Microsystems,
Tickets.Com, Texas Instruments, Wal-Mart, Williams Communications,
Worldcom Group, Xerox Corp, XO Communications, and Yahoo!
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.
-
Online
shopping portals gained on expectations (and sometimes
their own announcements) that this holiday shopping
season will be better than a year ago due to a less
crowded field and more shoppers using the web. AOL™,
Amazon, K-Mart's BlueLight.Com, and Yahoo! are all
reporting stellar traffic and sales online that
is well above last year's levels.
-
Chain
stores gained as deep discounts drove shoppers to
stores at above expectations levels after Thanksgiving.
-
The
ever shrinking Enron lost 5.99% to close with a
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