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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.

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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