THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR TUESDAY DECEMBER 18TH. 2001

DOW INDUSTRIAL: 9998.39 = +106.42

NASDAQ: 2004.76 = +17.31

S & P 500: 1142.92 = +8.56

MOST ACTIVE STOCKS & SECTORS

The markets closed higher again today due to GE, and Residential Housing data. The NASDAQ, which was up all day, had a heavy trading volume of over 1.852 billion, while the Dow had a volume of over 1.329 billion shares traded. Gainers included: 3Com, Akamai Technologies, Amazon.Com, American Tower Corp, Anthem, Ariba, Bank of South Carolina, Bea Systems, Best Buy, Calpine, Cendant, ChevronTexaco, Ciena, Circuit City, Cisco Systems, Citigroup, CKE Restaurants, Coach, CompX International, CNET Networks, Corning, Cylink Corp, Dell, Disney, Dupont, Eastman Chemical, eUniverse Network, ExxonMobil, First Southern Bancshares, Ford Motor Co, GE, Honeywell International, ICIC Ltd, JDS Uniphase, Juniper Networks, InfoSpace, Input/Output, Interlogix, Kana Software, Korea Telecom, Lennar, MACC Private Equities, Micron Tech, Microsoft, Motorola, Network Appliance, Noland Company, Norsat International, OfficeMax, Oracle, Palm, Peoplesoft, Pfizer, Physiometrix, Priceline.Com, Qualcomm, Raytel Medical, Red Hat, Reliant Resources, Sabre Holdings, Siebel Systems, Sonic Solutions, Sonus Networks, Southern Energy, Spirent Plc, T3 Energy Services, Take Two, Trex Company, Triumph Group, Unova, WebMethods, Winnebago Industries, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US New Residential Construction rose 8.2% to 1.65 million units in November. Permits and Starts also gained. The Midwest and West led in gains with 20% and 13% gains respectively. 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.

• Best Buy gained 5.14% after reporting fiscal Q3 profits due to brisk sales in video games, digital TVs, and DVD sales.

• Circuit City gained 0.66% after reporting fiscal Q3 profits due to its cost cutting and marketing that seems to have slowed customer defections to Best Buy.

• Contract Electronics Manufacturer (CEM) Solectron lost 18.30% after reporting fiscal Q2 losses. Solectron, whose credit has been downgraded to junk bond status by the leading credit rating agencies, is going to borrow $2 billion so as to meet short-term obligations.

• Lennar gained 6.67% after raising its guidance today.

• Dupont gained 2.61% and helped chemical shares to close higher after Merrill Lynch upgraded it to a "strong buy" recommendation.

• T3 Energy Services gained 1084.21% (not a misprint) after acquiring Houston rival, Industrial Holdings. The combined companies started trading today as T3 Energy Services.

• GE gained 3.71% after its new CEO Jeff Immelt laid out an aggressive expansion plan for 2002 and 2003 that will include further acquisitions. GE expects a turnaround in 2003.

• Security firm Interlogix gained 34.55% after GE unit, GE Industrial Systems, agreed to acquire for $777 million in cash and stocks.

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

• Norsat International gained 70.77% after signing a multi million Dollar deal with a military organization to supply it with its PicoTerminals™, a portable 2-way satellite interactive terminal.

• WebMethods gained 7.56% after Worldwide Retail Exchange selected it to integrate its services for Taiwan's high tech industry.

• Peoplesoft gained 6.99% after announcing that it will join the web services revolution with the launch of its next business software.

• Priceline gained 12.39% after signing a marketing deal with AOL™, the online unit of AOL Time Warner yesterday. AOL Time Warner closed lower.

• Sabre Holdings gained after announcing that its bookings business has improved.

• AFTER CLOSE: Motorola is losing in after hours trading after announcing another round of 9,400 job cuts, and warning that its Q1 losses will be bigger than Wall Street estimates. Motorola also announced that it is getting out of the chip manufacturing business.

• AFTER CLOSE: Tibco Software is gaining in after hours trading after reporting fiscal Q4 earnings and sales that beat First Call estimates.

• AFTER CLOSE: Micron Technology is losing in after hours trading after reporting fiscal Q1 losses that were 5 cents a share wider than Wall Street expected, while revenue also missed Wall Street estimates by $47.2 million.

• AFTER CLOSE Red Hat is still gaining in after hours trading after reporting fiscal Q3 earnings of 1 cent a share, and for the quarter, revenue rose 2% above fiscal Q2 to $21.5 million.

• AFTER CLOSE: 3Com is still gaining after reporting fiscal Q2 losses of 14 cents a share, well better than the 22 cents a share First Call was expecting.

• AFTER CLOSE: Triquint Semiconductor is still losing after lowering its fiscal Q4 earnings outlook again!.

• 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

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 DECEMBER 17TH. 2001

DOW INDUSTRIAL: 9891.97 = +80.82

NASDAQ: 1987.45 = +34.28

S & P 500: 1134.36 = +11.27

MOST ACTIVE STOCKS & SECTORS

The markets closed higher due to major merger & acquisition deals, and on a good holiday cheer optimism. The NASDAQ, which was up all day, had a heavy trading volume of over 1.832 billion, while the Dow had a volume of over 1.226 billion shares traded. Gainers included: 3Com, Alpha Industries, Amgen, Anthem, AOL Time Warner, Applied Materials, Applied Micro Circuits, Ask Jeeves, AT&T, Berry Petroleum, Brio Software, Broadcom, Cendant, Cephalon, ChevronTexaco, Ciena, Citigroup, CNET Networks, Cohesion Technology, Conexant Systems, Compaq, Dell, eBay, Equivest Finance, Ericsson, eUniverse Network, ExxonMobil, GE, HomeStore.Com, i2 Technologies, Immunex, Inktomi, Intel, Introgen Therapeutics, Invitrogen, JB Hunt Transport, JDS Uniphase, Juniper Networks, Kana Software, Lucent Technologies, Medis Technologies, Microsoft, Motorola, Neose Technologies, Novell, Nucentrix Broadband, Occidental Petroleum, Oracle, Overture Services, P&O Princess Cruises, Pfizer, Philip Morris, Philips Electronics NV, PSI Technologies Holdings, Qwest Communications International, Royal Dutch Petroleum, SBC Communications, SCM Microsystems, Security Capital Group, Siebel Systems, Sirius Satellite Radio, Southern Co, Spar Group, Stemcells, Sun Microsystems, Take Two, USA Networks, Viacom, Vivendi Universal, Wal-Mart, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The National Association of Home Builders (NAHB) reported that its Housing Market Index for December rose a strong 8 points to 57. The Single-family Sales Index rose 8 points to 60, while its 6 Month Outlook Index rose 10 points to 64. Traffic of Prospective Buyers rose 8 points to 46. 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.

• GE gained 1.73% after announcing that it will meet its estimates for the year. GE sees 2002 and 2003 growth of at least 10%. GE also announced today that it acquired the Tensor operations of Honeywell International. Honeywell lost 0.57%.

• USA Networks gained 5.04% after selling its entertainment unit to Vivendi Universal for $10.3 billion. Under the terms of the deal, Barry Diller will head a new company called Vivendi Universal Entertainment, and will be reporting to Vivendi Universal CEO and Chairman Messier. Vivendi-Universal gained 6.44% and pushed other media shares higher.

• Immunex gained 13.43% after Amgen agreed to pay $16 billion for it. Amgen gained 6.18%.

• Dynegy lost 12.99% after announcing a $1.25 billion restructuring plan.

• Oil stocks and prices performed well after Norway confirmed it is cutting production by 150,000 barrels a day. Analysts think OPEC might end up getting its 1.5 million a barrel production it was expecting from OPEC and non-OPEC producers.

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

• Reliant Energy lost 3.51% after its shareholders voted to split the company into 2 units: Unregulated Energy unit and a regulated energy unit.

• Yahoo! gained 3.78% after signing a licensing agreement with music entertainment management giant BMI to use its collection of music for Yahoo!'s pay music download sites.

• Wal-Mart gained 3.31% after agreeing to pay $6.8 million to settle an EEOC lawsuit.

• Microsoft gained 2.28% after a South Korean business publication stated that the Software giant is about to acquire a 3.2% stake in Korea's fixed line telecommunications giant, KT Corp. Microsoft also signed a deal with BMI to use its music on MSN™'s pay music download site.

• Alpha Industries gained 24.29% after agreeing to a merger with Conexant Systems. Conexant Systems gained 4.48%.

• JB Hunt Transport gained 14.96% after CS First Boston upgraded it to a "buy" recommendation.

• Carnival lost 1.72% after making a hostile bid of $4.6 billion for P&O Princess Cruises. P&O Princess Cruises is prefers a merger of equals with Royal Caribbean, which could create a behemoth that will be bigger than Carnival Cruises. Carnival Cruises' offer is $1 billion above the value of a combined P&O Princess and Royal Caribbean. P&O Princess gained 5.66%, while Royal Caribbean lost 11.70%.

• Equivest Finance gained 136% after Cendant agreed to acquire it for $98 million.

• Take Two gained 31.27% despite announcing that it will restate its 2000 and parts of 2001 finances. Take Two expects fiscal Q1 2002 to be even stronger than Wall Street estimates.

• 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

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 DECEMBER 14TH. 2001

DOW INDUSTRIAL: 9811.15 = +44.70

NASDAQ: 1953.17 = +6.66

S & P 500: 1123.09 = +3.71

MOST ACTIVE STOCKS & SECTORS

The markets closed higher on upbeat economic data. The NASDAQ, which staged a major rally in the last 2 hours of trading, had a very heavy trading volume of over 1.900 billion, while the Dow had a volume of over 1.280 billion shares traded. Gainers included: AHP, American Pharmaceuticals Partners, Antares Pharmaceuticals, Applied Materials, Ask Jeeves, AT&T Wireless, Aviall, Bellsouth, Boyd Brothers Transport, Bristol Myers Squibb, Broadcom, CarrAmerica Realty, Cisco Systems, Clarus Corp, Compaq, Crown Cork & Seal, Designs inc, Ericsson, ExxonMobil, GE, Harmony Gold Mining, Home Depot, HotJobs.Com, i2 Technologies, Intel, Jones Apparel, Katy Industries, MCI Group, Microsoft, Motorola, Nokia, Nortel Networks, NRG Energy, Nuevo Energy, Nutracentricals, Oregon Steel, Protein Design Labs, Prudential Financial, Qwest Communications International, RF Monolithics, Schering-Plough, Security Capital Group, Sports Authority, Texas Instruments, Top Image Systems, United Defense Industries, Vivus inc, and Worldcom Group.

MAIN REASONS FOR ACTIVITY

• US Industrial Production declined a mere 0.3% in November, which was smaller than what have been seen in the last few months. US Capacity Utilization declined 3.3% over the month to 74.7%.

• US Consumer Price Index (CPI), a good measure of consumer inflation, was unchanged in November. The Core CPI, which excludes the energy and food sectors, rose a surprising 0.4% for the period.

• US Business Inventories declined 1.4% in October, while Business Sales rose 2.7% for the period, thus pushing the Inventory-to-Sales Ratio down sharply to 1.39. 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.

• GE gained 1.62% after its power systems unit acquired software developer IDAX. GE also announced that it is raising its dividend by 13%, and increasing its stock buyback by $8 billion. In another development, GE's TV network, NBC, signed a deal with Diageo of the UK to start advertising liquor advertisements on its network, after decades of a self imposed ban.

• Broadcom gained 1.93% after a US District Court in Delaware denied Intel the $82 million damages it was seeking from Broadcom. Intel gained 2.15%.

• Bellsouth gained 0.36% after announcing its intentions to cut 1,200 technical and clerical jobs in the 9 states it operates in by March of next year.

• The London Stock Exchange (LSE) closed lower for the 5th. day in a row due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Amgen and Immunex lost 6.91% and 4.97% respectively as investors give a lukewarm reaction to Amgen's $18 billion offer for Immunex.

• HotJobs.Com gained as TMP Worldwide tries to convince it to reject the bid from Yahoo!. Both TMP Worldwide and Yahoo! closed lower.

• IPOs Today: American Pharmaceuticals Partners closed 23.44% above its offering price. United Defense Industries closed 1.42% above its offering price.

• Calpine lost 17.76% after Moody's Investor Services cut its debt and other credit securities to junk bond status. Dynegy lost 6.17% after Moody's also cut its debts and credit ratings one step away from junk status.

• AFTER CLOSE: GE Capital, a unit of GE, is acquiring Security Capital Group.

• 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

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 DECEMBER 13TH. 2001

DOW INDUSTRIAL: 9766.45 = -128.36

NASDAQ: 1946.51 = -64.87

S & P 500: 1119.38 = -17.69

MOST ACTIVE STOCKS & SECTORS

The markets closed lower after the retail sales data and earnings warnings spooked the markets. The NASDAQ, which was under pressure at the opening bell, had a very very heavy trading volume of over 2.096 billion, while the Dow had a volume of over 1.419 billion shares traded. Gainers included: ACLN Ltd, ACM Income Fund, Americredit Corp, AnnTaylor Stores, AOL Time Warner, Ashanti Goldfields, Ask Jeeves, Calpine, Centene Corp, Circuit City, Conductus, Covad Communications Group, Crown Cork & Seal, DSL.Net, Dynegy, Eli Lilly, Fila Holdings SpA, Genzyme General Division, Great A&P, Halliburton, Healthsouth, Hollis-Eden Pharmaceuticals, HotJobs.Com, Identix, ID Systems, Immunex, Isis Pharmaceuticals, Kanad, Laser Mortgage, Mastec inc, NSDA, Overland Data, Prudential Financial, Raining Data, Republic Services, Schering-Plough, Serono SA, Siebel Systems, Sola International, SonomaWest Holdings, Standard Commercial, Superconductor Technologies, TTR Technology, Unisource Energy, Willamette Industries, Winnebago Industries, and Zemex.

MAIN REASONS FOR ACTIVITY

• US Jobless Claims for weekending December 8th. declined a strong 86,000 to 394,000. The 4 week moving average declined 12,000 to 450,000.

• US Producer Price Index (PPI), a good measure of manufacturer inflation, declined 0.6% in November. The Core PPI, which excludes the energy and food sectors, rose a higher than expected 0.2% for the period.

• US Retail Sales declined a wider than expected 3.7% in November, as retail and food services saw their worst monthly decline since 1992. 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.

• HotJobs.Com gained 59.20% today on the Yahoo! offer. Yahoo! and rival bidder, TMP Worldwide, closed lower.

• Covad Communications gained 102.67% after announcing that it will be out of bankruptcy protection on December 20th. Covad also announced that a board member acquired 100,000 shares of the company in November.

• Immunex gained 10.27% after CNBC reported that Amgen is in talks to acquire the rival biotechnology company for about $18 billion. Amgen lost 6.52%.

• Isis Pharmaceuticals gained 14.83% after announcing a strategic research alliance with Amgen. On the whole, the biotechnology sector did pretty well today.

• IPO Today: Prudential Financial closed 6.55% above its offering price.

• Willamette Industries gained 7.14% after Weyerheauser Industries raised its bid for Willamette so as to block its acquisition deal with Georgia Pacific. Weyerheauser lost 0.68%, while Georgia Pacific lost 1.57%.

• Ciena and Lucent Technologies lost 16.86% and 15.65% respectively after both issued earnings warnings.

• The London Stock Exchange (LSE) closed lower for the 4th. day in a row due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Qwest Communications International lost 2.48% after lowering its growth outlook.

• Healthsouth gained 2.16% after raising its 2002 earnings outlook yesterday. CS First Boston however, downgraded it from a "strong buy" to a "buy" recommendation.

• ID Systems gained 20.79% after signing a major order deal with Ford Motor Company.

• Identix gained 12.61% after the Brazilian Mercantile & Futures Exchange selected its fingerprint biometrics technology for its electronic global trading system.

• AFTER CLOSE: Adobe Systems is losing in after hours trading after reporting fiscal Q4 earnings that missed Wall Street estimates.

• AFTER CLOSE: Oracle is gaining in after hours trading after reporting fiscal Q2 earnings that met First Call estimates. Oracle also stated that its fiscal Q3 earnings and revenue will be lower, but is expecting a stellar fiscal Q4.

• AFTER CLOSE: Drug maker Bristol Myers Squibb warned about next year's profits. Bristol Myers now joins Merck & Co., which warned yesterday (about 36 hours ago).

• AFTER CLOSE: Tektronix reported fiscal Q2 earnings that beat First Call estimates. Sales rose 13% for the quarter. Tektronix however, expects fiscal Q3 sales to decline by 37%.

• AFTER CLOSE: Calpine is losing in after hours trading after Moody's Investor Services announced that it is putting the utility company on review for a possible credit ratings downgrade.

• 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

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 DECEMBER 12TH. 2001

DOW INDUSTRIAL: 9894.81 = +6.44

NASDAQ: 2011.38 = +9.45

S & P 500: 1137.07 = +0.31

MOST ACTIVE STOCKS & SECTORS

The markets closed higher after overcoming some earnings warnings. The NASDAQ, which staged a strong rally in the last hours, had a very heavy trading volume of over 1.895 billion, while the Dow had a volume of over 1.401 billion shares traded. Gainers included: AB Watley Group, Advanced Data Information, Advanced Semiconductor Engineering, Airborne inc, AOL Time Warner, Applied Materials, Ariba, AT&T Wireless, Bea Systems, Blue Martini Software, Brio Software, Broadcom, Brocade Communications, CacheFlow, Calpine, Cendant, Cepheid, Dell, DigitalThink, Dril-Quip, Duke Energy, El Paso Corp, EMC Corp, Enron, eUniverse Network, Grand Toys International, HotJobs.Com, Identix, ID Systems, Imation Corp, Intel, Invision Technologies, J2 Communications, Kforce, Kroger Co, L-3 Communications, LastMinute.Com, Lattice Semiconductor, Lennar Corp, Luxottica Group SpA, Macromedia, Medtronics, Microsoft, Millennium Cell, Neoforma, Netscreen Technologies, Network Appliance, Oakley Corp, OfficeMax, Oregon Steel, Packeteer, Palm, Procter & Gamble (P&G), Quaker Chemicals, Ralston-Purina, Raytheon, RealNetworks, Siderca SIAC, Siebel Systems, Southern Energy, Sun Microsystems, Support.Com, Veritas Software, Verity, Visionix, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US Trade deficit improved by $12.9 billion in Q3 2001, as the Current Account deficit declined to $95 billion.

• The Energy Information Administration (EIA) reported that, US crude oil inventories declined 2.4 million barrels, while Distillates rose 2.3 million barrels for the week ending December 7th.

• The Mortgage Bankers Association (MBA) reported that, for week ending December 7th, its MBA Mortgage Applications Survey Index declined 7% to 693.2. The Purchase Index declined to 342.7, and the Refinance Index declined to 2731.6. The 30-year Fixed Mortgage Rate rose to 7.11%.

• US Import Prices declined 0.4% in November, while Export Prices declined 0.6% for the same 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.

• Yahoo! gained 3.91% after offering to acquire HotJobs.Com for $436 million in cash and stocks. Yahoo!'s offer is a 62% premium on the closing prices, and 6% higher than what TMP Worldwide, the parent of Monster.Com, is offering for HotJobs. HotJobs.Com gained 2.70%, while TMP Worldwide lost 0.29%. Other online job sites rallied.

• Airborne and OfficeMax both gained after announcing a strategic alliance to provide services to small businesses.

• Merck & Co. lost 3.59% and took drug shares down with it after warning about flat sales and earnings for the current period, and the future. Merck's patent rights to some drugs are expiring quicker than new drugs can replace them.

• IPO Today: Netscreen Technologies, a network security company, closed 48.25% above its offering price.

• Energy stocks gained today, including Calpine, which started the week with a negative story in the Sunday New York Times about its accounting prices.

• The London Stock Exchange (LSE) closed lower for the 3rd. day in a row due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Air security firms gained on hopes that if the US government takes over security at the nations airports, they will prosper.

• Millennium Cell gained 60% after DaimlerChrysler selected its Hydrogen on Demand fuel system for its Mini Vans. DaimlerChrysler closed lower.

• Medtronic gained 0.58% as it is set to replace Ralston-Purina on the S&P 100 Index. Genzyme, which is to replace Ralston-Purina on the S&P 500 Index, closed lower. Ralston-Purina, which is to be acquired by Nestle SA, closed higher.

• RealNetworks gained 7.92% after signing a bundling agreement for its RealOne™ software and subscription service with Compaq. Compaq gained 3.16%.

• AFTER CLOSE: Procter & Gamble (P&G) announced that it expects its earnings for Q4 to come in at the top end of the forecast.

• AFTER CLOSE: American Express announced that it is cutting 5,500 to 5,600 jobs, and lowered its Q4 earnings outlook.

• AFTER CLOSE: Macromedia is losing in after hours trading after lowering its fiscal Q3 outlook.

• AFTER CLOSE: Applied Materials is losing in after hours trading after announcing plans to cut 1,700 jobs and take a charge in the current quarter.

• AFTER CLOSE: Verity is still gaining in after hours trading after reporting a fiscal Q2 loss of 5 cents a share, 1 cent a share less losses than First Call estimated.

• AFTER CLOSE: Advanced Data Information is still gaining after reporting fiscal Q4 earnings that beat First Call estimates by 1 cent a share, as sales rose 8% over the year to $91.2 million.

• AFTER CLOSE: Lattice Semiconductor is unchanged in after hours trading after reiterating its December quarter earnings and sales outlook.

• AFTER CLOSE: Healthsouth raised its 2002 outlook.

• 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

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 DECEMBER 11TH. 2001

DOW INDUSTRIAL: 9888.37 = -33.08

NASDAQ: 2001.93 = +9.81

S & P 500: 1136.76 = -3.17

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed after the Federal Reserve FOMC interest rate cut. The NASDAQ, which was up all day, had a very heavy trading volume of over 1.965 billion, while the Dow had a volume of over 1.342 billion shares traded. Gainers included: .

MAIN REASONS FOR ACTIVITY

• The Federal Reserve FOMC 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.

• 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.

• APOLOGY: Due to circumstances beyond our control, we will not be having our usually detailed column today. We will however, resume to normal services tomorrow.

• 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

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 DECEMBER 10TH. 2001

DOW INDUSTRIAL: 9921.45 = -128.01

NASDAQ: 1992.12 = -29.14

S & P 500: 1139.93 = -18.38

MOST ACTIVE STOCKS & SECTORS

The markets closed lower due to a vigil for the Federal Reserve FOMC meeting tomorrow. The NASDAQ, which was under pressure most of the day, had a remarkably moderate trading volume of over 1.680 billion, while the Dow had a volume of over 1.177 billion shares traded. Gainers included: Ariba, Cepheid, Cognos, Commerce One, Delias, Donegal Group, DSG International, Eastman Chemical, Epiphany, Exar Corp, Fannie Mae, Freddie Mac, Halliburton, i2 Technologies, Interphase Corporation, JPS Industries, McDermott International, Metlife, Mohawk Industries, Network Appliance, Official Payments, Ostex International, Peregrine Systems, Qualcomm, Qwest Communications International, Seebeyond Technology, Siebel Systems, SRS Labs, Stanley Works, Tibco Software, Tommy Hilfiger, Viisage Technology, Visionics, 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.

• JDS Uniphase lost 7.01% and pulled the tech sector down after warning about the current quarter sales, and stating that, it is not even sure there will be a turnaround in 2002.

• Halliburton gained 16.67% even after a Baltimore Maryland juror awarded a $30 million verdict against one of its subsidiaries in an Asbestos case.

• Here we go again! Calpine, a major energy related company out of California, lost 16.75% after a Sunday New York Times article questioned the company's accounting and earnings reporting practices.

• Yahoo! gained 0.85% after US Bancorp Piper Jaffray analyst Safa Rashtchy raised Yahoo!'s revenue and earnings outlook for the current quarter.

• Sanmina-SCI lost 1.88% despite a Robert W. Baird upgrade to a "strong buy" recommendation.

• 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.

• Visionics gained 42.47% after entering into an alliance with Raytheon to develop and market facial recognition systems. Raytheon closed lower, but Visionics' rivals like Viisage Technology gained.

• AOL Time Warner lost 6% despite news that the 2 leading movies at the box office this weekend were its Ocean Eleven and Harry Potter™ respectively.

• Disney lost 3.22% after announcing that attendance at its Walt Disney World Florida have declined 25% for the quarter.

• Ostex International gained 75% after its Osteomark NTx™ test will now be on the mandatory national Medicare coverage plan.

• Viacom lost 9.31% after announcing that its CBS and UPN networks are going to have one leadership.

• Fannie Mae and Freddie Mac both gained after Banc of America Securities upgraded both to strong buys.

• Hewlett Packard and Compaq both closed lower as chances for a merger continue to dim.

• Willamette Industries announced that it has started talks with Georgia-Pacific about acquiring Georgia-Pacific's building products business. Weyerhaeuser issued a statement warning that it will take any action it deems necessary if Willamette continues to talk with other companies. All 3 wood products related companies closed lower.

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