THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR FRIDAY FEBRUARY 1ST. 2002

DOW INDUSTRIAL: 9893.57 = -26.43

NASDAQ: 1917.06 = -16.97

S & P 500: 1122.14 = -8.06

MOST ACTIVE STOCKS & SECTORS

The markets closed lower on mixed economic data. The NASDAQ, which slumped most of the day, had a heavy trading volume of over 1.710 billion, while the Dow had a volume of over 1.365 billion shares traded. Gainers included: Accelio, Accenture Ltd, Adobe Systems, Allied Holdings, Amerigon, Amgen, Applied Micro Circuits, Ariad Pharmaceuticals, Asia Satellite, Bever Entertainment, Brocade Communications, Calpine, Cavalier Homes, Cheesecake Factory, CKE Restaurants, Computer Sciences Corp (CSC), Culp Corp, Delcath Technology, Disney, Dynegy, Elan Corp, Energy Conversion Devices, Entravision Communications, ESS Technology, Exult, Ezcorp, Footstar, H Power, Innovative Solutions, KCS Energy, Loews Carolina, Mahanagar Telephone Nigam Ltd, Mazel Stores, McClain Industries, Mechanical Technology, Mirant Corp, Onyx Software, Orbital Sciences, OXIgene, Plug Power, Priceline.Com, RDO Equipment, Regeneron Pharmaceuticals, Siebel Systems, Sirius Satellite Radio, Southern Energy, Synplicity, Taiwan Semiconductor, Transmeta, Tyco International, UnitedGlobalCom, Waters Instruments, Williams Cos, and WR Grace & Co.

MAIN REASONS FOR ACTIVITY

• US Construction Spending rose 0.2% in December, due to a slight increase in residential construction. Non-residential and Public Construction declined in December.

• The Economic Cycle Research Institute (ECRI) reported that, its Future Inflation Gauge Index (ECRI FIG) declined 0.8% in January.

• The University of Michigan Consumer Sentiment Survey rose to 93.0 in January, its highest level since January 2001.

• US Payroll Jobs declined 89,000 in January, as the US Unemployment Rate declined to 5.6%, due to a seasonal labor force decline, as opposed to job creation.

• The Institute of Supply Management (ISM), formerly known as the NAPM, reported that its index rose to 49.9% in January - any point below 50% is a contraction. 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.

• Most companies which have been battered by the Enron debacle and the "fuzzy" accounting practices concerns seem to have enjoyed a rally today.

• Williams Companies gained despite being placed on a Standard & Poor's credit downgrade watch.

• Luminex lost 24.10% despite reporting fiscal Q4 results that beat Wall Street estimates. Thomas Weisel cut Luminex to a "market perform".

• IPO Today: ESS Technology, a digital system processor chip maker, closed 14.97% above offering price.

• Accelio gained 43.22% after Adobe Systems agreed to acquire it in a stock deal valued at $75 million. Adobe Systems, which reiterated its fiscal Q1 earnings and revenue yesterday, gained 6.62%.

• Cheesecake Factory gained 2.92% after reporting fiscal Q4 earnings that beat Wall Street estimates by 2 cents a share.

• Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.

• Disney gained 6.60% after reporting fiscal Q1 results yesterday that beat Wall Street estimates.

• Computer Sciences Corp (CSC) gained 4.04% today after reporting earnings late Thursday that beat Wall Street estimates.

• Priceline.Com gained 0.32% after entering into a deal with online auction giant eBay, to provide its flight booking services to eBay customers. eBay lost 1.64%.

• Regeneron Pharmaceuticals gained 4.27% despite reporting earnings and revenue that missed Wall Street estimates.

• Waste Management lost 12.80% after warning about its fiscal Q4 results.

• Cable Design Technologies lost 5.23% today after lowering its fiscal Q2 outlook late Thursday.

• Amgen gained 4.29% after its therapy that reduces infections in chemotherapy patients, Neulasta™, was approved by the FDA.

• UAL, the parent of United Airlines, lost 8.64% despite reporting a fiscal Q4 loss that was below estimates.

• Regeneration Technologies lost 51.13% after warning that it will post a loss in fiscal Q4 and 2001 - Wall Street was expecting a profit.

• 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 JANUARY 31ST. 2002

DOW INDUSTRIAL: 9920.00 = +157.14

NASDAQ: 1934.03 = +20.59

S & P 500: 1130.20 = +16.96

MOST ACTIVE STOCKS & SECTORS

The markets rallied again as the Feds action gives more confidence. The NASDAQ, which staged a rally after 10 AM, had a heavy trading volume of over 1.803 billion, while the Dow had a volume of over 1.518 billion shares traded. Gainers included: AAron Rents, AIG, Amazon.Com, Applied Materials, Artisoft, Ask Jeeves, AT&T, AT&T Wireless, Baker Hughes, Biotransplant, Boeing Co, Brocade Communications, Cable Design Technologies, Calpine, Cendant, Charles Schwab, Check Point Software, ChevronTexaco, Cisco Systems, Citigroup, CNET Networks, Compaq, Computer Sciences Corp (CSC), Dice, Dril Quip, Ericsson, ExxonMobil, FindWhat.Com, Firstwave Technology, Ford Motor Co, GE, General Dynamics, Hewlett Packard, Inktomi, Intel, J2 Communications, J2 Global Communications, JDS Uniphase, JP Morgan Chase & Co, KLA-Tencor, L-3 Communications, Lockheed Martin, LookSmart Ltd, Masisa SA, Metris Companies, Microsoft, Net2Phone, Netegrity, Niagara Mohawk, Northrop Grumman, Oncolytics Biotech, Oracle, Pfizer, Pharmaceutical Products Development (PPDI), Procter & Gamble (P&G), Regus Plc, Repligen, Sanmina-SCI, Sapient, Somera Communications, Sonicblue, Sprint PCS Group, StorageNetworks, Texas Instruments, Trex Company, Tyco International, Viisage Technology, Walter Industries, Webex, WebMD, WebMethods, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• Chicago PMI Index, a good measure of manufacturing activity in the Chicago area, rose to 45.1% in January.

• US Agricultural Prices rose only 1% in January.

• The US Employment Cost Index (ECI) for Q4 2001 rose 0.9%. Benefit Costs rose 1.2%, due mostly to health insurance cost increases.

• US Personal Income rose 0.4% in December, while Personal Consumption declined 0.2%.

• The Conference Board reported that its Help Wanted Index, a good measure of blue collar employee demand, rose 1 point in December to 46, its first rise in 12 months.

• US Jobless Claims for weekending January 26th. rose 30,000 to 390,000. The 4-week moving average declined 15.250 to 386,000. 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.

• J2 Communications gained 82.15% after settling its long standing legal battles with its President, CEO, and Chairman, James Jimirro, and his NLAG Group.

• Compaq gained 3% after the European Union regulators approved its merger with Hewlett Packard. Hewlett Packard gained 0.68%.

• McLeodUSA today became the next telecommunications company to file for chapter 11 bankruptcy protection.

• Procter & Gamble gained 4.33% after reporting fiscal Q4 earnings that rose 9%, and sales that rose for the first time in a year.

• Defense related shares gained after Secretary of Defense, Donald Rumsfeld, called for increased defense spending so as to counter global threats - analysts expect next week's budget to show this.

• Netegrity gained 18.83% after reporting fiscal Q4 pro forma earnings that beat Wall Street estimates.

• Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.

• LookSmart Ltd. gained 32.08% after reporting fiscal Q4 EBITDA earnings of 3 cents a share, which was above the break even Wall Street was expecting, as revenue came in at $19.5 million.

• Net2Phone gained 16.07% after announcing a major contract with AT&T. AT&T also gained today.

• Pharmaceutical Product Development (PPDI) gained 14.95% after reporting fiscal Q4 earnings that met Wall Street estimates, and raising its full year 2002 outlook.

• Somera Communications gained 10.83% after reporting fiscal Q4 pro forma earnings that beat Wall Street estimates by 1 cent a share, on revenue of $58.4 million. Somera reiterated its fiscal Q1 and 2002 outlooks.

• SorageNetworks gained 25.98% after reporting fiscal Q4 pro forma loss that was 6 cents a share less than Wall Street was expecting, as revenue rose 49% to $31.6 million.

• Read-Rite lost 14.29% after announcing plans to cut 1250 jobs at its US and Taiwanese operations, and institute other cost cutting measures.

• AFTER CLOSE: Adobe Systems is gaining in after hours trading after announcing that it will meet Wall Street's profit and revenue estimates.

• AFTER CLOSE: Cable Design Technologies is unchanged in after hours trading after lowering its fiscal Q2 outlook.

• AFTER CLOSE: Disney is gaining in after hours trading after reporting fiscal Q4 net income of 21 cents a share on revenue of $7.4 billion.

• AFTER CLOSE: Computer Sciences Corporation is losing in after hours trading after reporting fiscal Q3 earnings that beat Wall Street estimates by 1 cent a share, while revenue rose 9% over the year to $2.9 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

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 JANUARY 30TH. 2002

DOW INDUSTRIAL: 9762.86 = +144.62

NASDAQ: 1913.44 = +20.45

S & P 500: 1113.23 = +12.59

MOST ACTIVE STOCKS & SECTORS

The markets rallied after the Feds held interest rates steady. The NASDAQ, which staged a rally after 12 Noon, had a very heavy trading volume of over 2.065 billion, while the Dow had a volume of over 1.996 billion shares traded. Gainers included: Acclaim Entertainment, American Pacific Bank, Amkor Technology, Applied Materials, Arvinmeritor, Bank of America, Bank One, Broadcom, Calpine Corp, Carlisle Holdings, Cisco Systems, Citigroup, Compaq, Conoco, Conseco, Copene SA, Corning, Crossmannn Communities, Cypress Semiconductor, DDI Corp, Dell, Digital Insight, EMC Corp, Ericsson, Fair Isaac & Co, Fischer Image, Foster Wheeler, FTI Consulting, GE, Guidant, HPL Technology, IBM, Intel, J2 Communications, JDS Uniphase, JLG Industries, JP Morgan Chase & Co, Key3Media Group, KLA-Tencor, Kraft Foods, Lennar, Lucent Technologies, Mastec, Marinemax, Merrill Lynch, Microsoft, Microstrategy, Nextel Communications, Novellus Systems, Oracle, Oriental Financial Group, Phillip Petroleum, Piccadilly Cafeteria, Pulte Homes, Qualcomm, Renaissance Learning, Rowe Companies, Sanmina-SCI, Schuler Homes, Shopko Stores, Siebel Systems, Sonic Automotive, Sun Microsystems, Texas Instruments, Tyco International, and William Lyon Homes.

MAIN REASONS FOR ACTIVITY

• US Real Gross Domestic Product (GDP) rose a surprising 0.2% in Q4 2001, after declining 1.3% in Q3 2001. Personal Consumption Expenditure rose 5.4%. Durable Goods Purchases rose a whopping 38.4%, due to motor vehicle sales, while Services Expenditure rose 1.6% in the same period.

• The Mortgage Bankers Association (MBA) reported that, for weekending January 25th, its MBA Mortgage Applications Survey declined 25.5% to 538.9. The Purchase Index declined to 328.5. The Refinance Index declined to 1762.9. The 30-year Fixed Mortgage Rate rose to 7.04%.

• The Energy Information Administration (EIA) reported that for weekending January 25th, US Crude Oil inventories rose 2.1 million barrels, while Distillates declined 200,000 barrels.

• The Federal Reserve FOMC left interest rates unchanged at.......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.

• Microstrategy gained 19.39% after Aventis Pasteur deployed its business intelligence software.

• PNC Financial Services closed lower again after announcing plans to restate earnings and the Feds & SEC investigation of its transactions. AIG closed lower after admitting that one of its subsidiaries had transactions with PNC.

• Tyco International gained 3.57% after its CFO and CEO were reported to be buying 500,000 shares in the company, thus availing fears.

• Digital Insight gained 22.26% after JP Morgan upgraded it for its strong fiscal Q4 pro forma earnings surprise and outlook.

• Crossmann Communities gained 47.14% and lifted home building shares after Beazer Homes agreed to acquire it in a deal valued at $493.4 million. Beazer Homes closed lower.

• Anadarko Petroleum lost 1.08% after announcing that it will correct its fiscal Q3 financial results. DB Alex Brown and Merrill Lynch all downgraded the stock.

• Cendant and Elan closed lower after their off-balance sheet partnership activities came under scrutiny.

• ChevronTexaco lost 2.43% on a Wall Street Journal report that the oil giant is eyeing Phillips Petroleum or Conoco as possible takeover targets. Conoco and Phillips gained on the news.

• Banking shares gained after Salomon Smith Barney recommended Bank One, Bank of America, JP Morgan Chase & Co, and Mellon Financial because they were oversold yesterday. Bank of America gained 4.16% after CS First Boston upgraded it to a "buy". CreditSights and the February 2002 Issue of Business2.0™ are however, concerned that Bank of America has too many off-balance sheets interest rates hedging activities.

• Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.

• Kraft Foods gained 4.29% after reporting fiscal Q4 earnings that met Wall Street estimates late Tuesday. CS First Boston upgraded Kraft to a "strong buy".

• Philip Morris lost 0.44% after reporting fiscal Q4 earnings that rose 11%. Philip Morris also announced that its CFO, Louis Camilleri, will become President & CEO in April.

• Worldcom lost another 5.29% as the downgrade rumors refuse to go away.

• AT&T lost 2.02% after reporting fiscal Q4 operating profits that beat Wall Street estimates, but warned of declining revenue in fiscal Q1.

• AOL Time Warner lost 1.12% after reporting fiscal Q4 earnings that met Wall Street estimates, but announced it sees flat revenue growth in fiscal Q1. AOL Time Warner was upgraded to a "strong buy" by Thomas Weisel.

• Veritas Software lost 6.59% today despite reporting fiscal Q4 figures that beat yesterday, and raised its fiscal Q1 sales outlook.

• CNET Networks lost 24.50% after warning about its fiscal Q1 and full year revenue late yesterday.

• AFTER CLOSE: Chiron is gaining in after hours trading after reporting fiscal Q4 earnings of 26 cents a share, which met Wall Street estimates.

• AFTER CLOSE: Electronics Arts is gaining in after hours trading after reporting fiscal Q4 pro forma earnings of $1.03 a share on revenue of $832.9 million, which were all above First Call estimates.

• AFTER CLOSE: Affymetrix is gaining in after hours trading after reporting fiscal Q4 pro forma profit of 1 cent a share, which was above the 5 cents a share loss First Call estimated.

• AFTER CLOSE: Amkor Technology is losing in after hours trading after reporting fiscal Q4 loss that was worst than Wall Street expected, while revenue came in at $352 million, which beat 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 TUESDAY JANUARY 29TH. 2002

DOW INDUSTRIAL: 9618.24 = -247.51

NASDAQ: 1892.99 = -50.92

S & P 500: 1100.64 = -32.42

MOST ACTIVE STOCKS & SECTORS

The markets plunged to a 3 month low as "fuzzy" corporate accounting sends shockwaves through the markets. The NASDAQ, which dived very early in trading, had a heavy trading volume of over 1.875 billion, while the Dow had a volume of over 1.775 billion shares traded. Gainers included: Ace Ltd, Agnico Eagle, Airtran Holdings, Allied Holdings, American Greetings Corp, AngloGold Ltd, Argosy Gaming, Ashanti Goldfields Ltd, Carlisle Holdings, China Mobile, Coricom CA, Cypress Biosciences, Expedia, FARO Technologies, Filenet, Geerlings & Wade, Goldcorp, Hotel Reservations Network, J2 Communications, J W Mays, Key Technology, Lone Star Steakhouse, Marvel Enterprises, Media 100, Mediabay, Meridian Gold, Midwest Express, Moog, Newmont Mining, ONI Systems, Parthus Technology Plc, Placer Dome, Pozen, Silicon Graphics, Spatialight, SportsLine.Com, Stryker Corp, Synaptics, Terayon Communications, Texas Instruments, Tower Auto, Travelocity.Com, USA Networks, and Xerox Corp.

MAIN REASONS FOR ACTIVITY

• The Conference Board reported that US Consumer Confidence rose to 97.3 in January, well higher than the December level of 94.6.

• US Durable Goods Orders rose a strong 2.0% in December, due to strong orders for Commercial Aircraft and Semiconductors. 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.

• Williams Companies lost 22.20% on accounting worries, and especially those of its money losing energy trading unit.

• PNC Financial Services lost 9.36% after announcing that it will restate 2001 results with a $155 million loss. PNC also stated that the Feds and the Securities and Exchange Commission (SEC) are investigating its transactions.

• Tyco International lost 19.88% after questions arose about the accounting practices in its acquisitions, now that it is planning to break up into 4 separate units. Tyco's payments to an outside director and contributions to his charities have also come under scrutiny.

• Cendant lost 9.97% despite assuring analysts that it will top estimates. Analysts and investors were more concern about Cendant's off-balance sheet partnerships.

• Bonds and Gold shares rallied as funds fled equities.

• IBM lost 4.76% after naming its President, Samuel Palmisano, to succeed Louis V Gerstner as CEO effective March 1st. Louis Gerstner, who came in 1993 and turned around the then ailing computer giant, will remain as Chairman to the end of the year.

• Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.

• USA Networks gained 5.64% after reporting strong fiscal Q4 cashflow, earnings, and revenue.

• ChevronTexaco lost 4.16% after reporting a $2.5 billion loss.

• IPO Today: Synaptics closed 19.18% above its offering price.

• Expedia, Travelocity.Com, Terayon Communications, and Texas Instruments were just some of the stocks rewarded with a rally today, after reporting strong earnings in after hours yesterday.

• Worldcom Group lost 13.33% on rumors that Standard & Poors® will remove it from its venerated S&P 500 Index™, and downgrade its debt to junk status. Worldcom denied the rumor in after hours trading (and the stock is gaining in after hours too).

• AFTER CLOSE: RealNetworks is unchanged in after hours trading after reporting fiscal Q4 results that met Wall Street estimates, while sales beat estimates.

• AFTER CLOSE: Infospace is gaining in after hours trading after reporting fiscal Q4 pro forma loss of 2 cents a share, 2 cents a share less losses than First Call estimates, while revenue came in at $31.4 million, which beat analysts' estimates.

• AFTER CLOSE: CNET Networks is unchanged in after hours trading after reporting fiscal Q4 loss of 10 cents a share, 2 cents a share less losses than First Call estimated, while revenue came in at $70.2 million, which missed First Call estimates.

• AFTER CLOSE: Veritas Software is still losing in after hours trading after reporting fiscal Q4 pro forma earnings of 15 cents a share, 2 cents a share better than First Call estimates, and over the year revenue rose $4 million to $374 million, which was above 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 MONDAY JANUARY 28TH. 2002

DOW INDUSTRIAL: 9865.75 = +25.67

NASDAQ: 1943.92 = +6.22

S & P 500: 1133.06 = -0.22

MOST ACTIVE STOCKS & SECTORS

The markets closed higher today on the eve of the Federal Reserve FOMC 2 day meeting, and President George W. Bush's State of the Union address tomorrow. The NASDAQ, which rallied with an hour left in trading, had a moderate trading volume of over 1.471 billion, while the Dow had a volume of over 1.175 billion shares traded. Gainers included: ACLN Ltd, Actuant, Albany International, Allied Holdings, Amazon.Com, AOL Time Warner, Applied Materials, Arvinmeritor, AT&T Wireless, Bever Entertainment, Brocade Communications, BTU International, Cisco Systems, CompX International, CSG Systems International, DaimlerChrysler AG, Dynex Capital, EMC Corp, EOTT Energy, Expedia, Ford Motor Co, GM, Hotel Reservations Network, HotJobs.Com, Ikon Office, Intel, IXOS Software, JDS Uniphase, Jenny Craig, KLM/Royal Dutch Airline, Liz Claireborne, LoudCloud, Mastec, Meadowbrook Insurance, Micrel International, Microsoft, Motorola, Neoware Systems, Network Appliance, Nokia, Oracle, Oregon Steel, Owens-Corning, Palm, Precis, Priceline, Rainbow Technologies, Revlon, RF Micro Devices, Saba Software, Safeco, Sierra Health, SnowBall.Com, Sprint PCS Group, SteelCloud, Travelocity.Com, Texas Instruments, Tower Auto, Tyson Foods, Veritas Software, Xerox Corp, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US New Residential Single Family Home Sales rose 6% in December to 946,000 units, while the November figures were revised to 895,000. 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.

• Global Crossing closed 41.18% lower after filing for Chapter 11 bankruptcy protection.

• The 3 domestic automakers gained after Morgan Stanley Dean Witter considered them cheap, and upgraded them.

• American Express lost 1.89% and pulled credit card shares down after reporting fiscal Q4 profits that declined 56%.

• Neoware Systems gained 15.40% after reporting fiscal Q2 figures that saw sales rise by a whopping 95%.

• Wireless phone operators were some of the best gainers today.

• Jenny Craig gained 62.54% after agreeing to a $115 million acquisition from a private investment group led by ACI Capital.

• PC makers closed lower after Gateway Computer slashed prices by $100.

• Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.

• Yahoo! and HotJobs.Com gained after the US Department of Justice and the Federal Trade Commission granted their merger an early termination of the waiting period.

• Palm gained 6.41% after introducing the Palm i705™, a PDA that can allow you to surf the web and can handle email services.

• Micrel International gained 0.84% after reporting fiscal Q4 results that beat estimates. Micrel announced that it will restate its quarterly earnings for the last year.

• Xerox gained 13.54% after reporting an unexpected fiscal Q4 operating profit.

• Tyson Foods gained 2.31% after reporting fiscal Q1 earnings of 36 cents a share, 1 cent a share better than First Call estimates, as revenue rose to a whopping $5.86 billion - thanks to the acquisition of IBP.

• Hotel Reservations Network gained 18.05% and lifted online travel related companies after reporting fiscal Q4 earnings that beat Wall Street estimates by a whopping 10 cents a share.

• AFTER CLOSE: Terayon Communications is gaining in after hours trading after reporting fiscal Q4 loss that was half what Wall Street estimated.

• AFTER CLOSE: Texas Instruments is still gaining in after hours trading after reporting fiscal Q4 loss of 7 cents a share, 2 cents a share less losses than First Call estimates, while revenue came in at $1.8 billion, which beat analysts' estimates of $1.67 billion.

• AFTER CLOSE: Expedia is still gaining in after hours trading after reporting fiscal Q4 earnings of 31 cents a share, on revenue of $82 million, which all beat First Call estimates.

• AFTER CLOSE: CSG Systems International is losing in after hours trading despite reporting fiscal Q4 results that beat First Call estimates, and reiterated its fiscal 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 FRIDAY JANUARY 25TH. 2002

DOW INDUSTRIAL: 9840.08 = +44.01

NASDAQ: 1937.70 = -4.88

S & P 500: 1133.28 = +1.13

MOST ACTIVE STOCKS & SECTORS

The markets were mixed as the Dow rallied, while the NASDAQ closed lower. The NASDAQ, which was up and down all day, had a relatively heavy (for a Friday) trading volume of over 1.658 billion, while the Dow had a volume of over 1.324 billion shares traded. Gainers included: 3DLabs Ltd, Abaxis, Akamai Technologies, Alaska Air Group, Alliant Technology, Alto Palermo, Aluminum China, Amazon.Com, America West Holdings, AMR, Applied Materials, AT&T Wireless, Broadcom, Brocade Communications, ChevronTexaco, Cisco Systems, Designs, Digitale Telekabel AG, Dollar Tree Stores, Dow Chemical, eBay, EMC Corp, ExxonMobil, FedEx, FindWhat.Com, Ford Motor Co, GE, General Dynamics, Georgia-Pacific, GM, Halliburton, Honeywell International, IMCO Recycling, Intel, International Rectifier, Lam Research, Lockheed Martin, Loral Space & Communications, Louisiana Pacific, Medamicus, Noble International Ltd, Ontrak Data, Optika, Owens-Corning, Palm, Pfizer, Raytheon, RealNetworks, Rite Aid, SteelCloud, Sybase, Titan, Transmeta, Tyco International, UAL, UPS, USG Corp, Vascular Solutions, Vitro SA, WR Grace & Co, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US Existing Home Sales declined 0.8% to 5.19 million units in December. 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.

• Compaq lost 0.83% despite raising its 2002 earnings outlook.

• Peoplesoft lost 6.56% as investors were not impressed with its earnings report and outlook of late Thursday.

• Security firm RSA lost 28.73% and took the sector down with it after reporting dismal earnings late Thursday.

• Ericsson lost 6.61% after reporting a loss in fiscal Q4, and predicting another loss in fiscal Q1. Ericsson expects sales to decline 10 in 2002.

• PanCanadian Energy gained 9.01% after confirming that it is in a merger of equals talks with Alberta Energy.

• Alaska Air Group gained 1.45% despite reporting a wider than expected fiscal Q4 loss. The sector wasn't bad actually.

• Visit our Up to the minute market charts covering commodities, derivatives, foreign exchange, futures, interest rates, and global stock markets for the closing numbers worldwide.

• Qualcomm gained 5.35% after reporting earnings late Thursday that met. PMC-Sierra also gained today due to their earnings report late Thursday.

• Here we go again! JC Penney lost 0.13% on market rumors that it is talking with regulators about their accounting practices. JC Penney denied the rumor after the markets closed.

• Defense related shares gained as President George W. Bush called for higher defense spending.

• FindWhat.Com, the "other" major pay-per-click directory, gained 19.72% after dragging Overture Services to court challenging its so-called "361" patent, and its exorbitant licensing charges. Overture Services closed lower on the news. We are very inte