THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR FRIDAY FEBRUARY 15TH. 2002

DOW INDUSTRIAL: 9903.04 = -98.95

NASDAQ: 1805.20 = -38.17

S & P 500: 1104.18 = -12.30

MOST ACTIVE STOCKS & SECTORS

The markets closed lower on new "fuzzy" corporate accounting fears. The NASDAQ, which slumped all day, had a moderate trading volume of over 1.624 billion, while the Dow had a volume of over 1.346 billion shares traded. Gainers included: Abatix, Alto Palermo SA, Amgen, Astec Industries, Badger Paper, BF Enterprises, Carreker Corp, Computer Technology, Corimon CA, Cygnus, Delta Petroleum, Dot Hill Systems, eCollege.Com, Enron, Foster Wheeler, Four Seasons, Halliburton, Harmony Gold, ICIC Ltd, ICIC Bank Ltd, Internet Commerce, Katy Industries, Metro International, Midway Games, Nextel Communications, Northwestern Corp, NRG Energy, PayPal, Penn Virginia Corp, Pfizer, Qwest Communications International, Redhook Ale, Sigma Design, Smedvig ASA, Spire Corp, Taylor Devices, Thomas Nelson, Tidewater, Tyco International, Tyson Foods, Value City Department Stores, Walter Industries, and Weatherford Industries.

MAIN REASONS FOR ACTIVITY

• The National Association of Home Builders (NAHB) reported that, its NAHB Housing Market Index declined 2 points to 58 in December, due to a decline in Traffic of Prospective Buyers, which declined 4 points to 46.

• The University of Michigan Consumer Sentiment Survey for February declined to 90.9, due mostly to Enron and corporate accounting concerns.

• The US Producer Price Index (PPI), a good measure of producer inflation, rose 0.1% in January. The Core PPI declined 0.1%.

• US Industrial Production declined 0.1% in January, in line with what economists were expecting. 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.

• Oil prices closed above the $21/barrel mark as US accusations against Iran and Iraq in supporting terrorism continue.

• Nvidia lost 7.74% today after stating late yesterday that the SEC is probing its accounting practices.

• IBM lost 4.63% after a New York Times article accused the company of using its business sales proceeds to lower operating costs, without informing the public.

• IPO Today: Paypal, the online payments handling system most favored by online Auctioneers, gained 54.54% above its offering price. Incidentally, this is the first internet related IPO in over 16 months (if you exclude LoudCloud).

• Halliburton gained 10.98% after a court granted an Asbestos claims stay. Asbestos related shares gained. UBS Warburg and Salomon Smith Barney upgraded Halliburton.

• Computer Technology gained 2.85% after SoundView and First Albany upgraded it to a "strong buy" and "buy" respectively.

• Carreker gained 17.89% after raising its fiscal Q4 outlook.

• Cygnus gained 16.06% after CIBC World Markets initiated coverage of it with a "strong buy" recommendation.

• 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.

• Carnival Cruise Line lost 3.14% despite P&O Princess Cruise shareholders favored its takeover bid as opposed to the merger of equals with Royal Caribbean. Royal Caribbean lost 4.57% on the news.

• Tyson Foods gained 0.48% after Stephens initiated coverage with a "buy" recommendation.

• Sprint PCS and Verizon Wireless both closed lower after announcing job cuts totaling 4,000. Verizon Wireless plans to lay off 1,000 workers, while Sprint PCS plans to close some of its call centers.

• Northwestern Corp. gained 0.70% after announcing that it has completed the $1.1 billion acquisition of Montana Power.

• NRG Energy gained 13.80% after agreeing to consider an offer to take it private by its parent company, Xcel Energy. Xcel Energy closed lower.

• Enron Drama: Former Enron Executive Sherron Watkins, who warned Enron Chairman and CEO Kenneth Lay in an October 30th. memo about the company needing to "come clean" from money losing partnerships, testified today that Kenneth Lay was duped by former Enron executives Jeffrey Skilling, Andrew Fastow, Andersen, and law firm Vinson & Elkins into thinking the company wasn't in serious problems.

• 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: Internet and technology 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 FEBRUARY 14TH. 2002

DOW INDUSTRIAL: 10001.99 = +12.32

NASDAQ: 1843.37 = -15.79

S & P 500: 1116.47 = -2.03

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow closed above the 1000 mark. The NASDAQ, which slumped in the last 2 hours of trading, had a moderate trading volume of over 1.675 billion, while the Dow had a volume of over 1.267 billion shares traded. Gainers included: Acclaim, Advanced Marketing Services, AK Steel, Allied Waste, Alpha Technology Group, Amazon.Com, American Express, American Realty Investors, AMN Healthcare Services, Anadarko Petroleum, Annuity & Life RE Holdings Ltd, AOL Time Warner, AT&T Wireless, Atlantic Data Services, Banco LatinoAmericano SA, Bea Systems, Benthos, Biosite, Brocade Communications, Calpine, Centillum Communications, CFC International, ChevronTexaco, Choice One Communications, Citigroup, Deltek Systems, Dick Clark Productions, EMC Corp, ExxonMobil, Flextronics International, i2 Technologies, ICIC Ltd, Intramed America, Intuit, Jewett-Cameron, Katy Industries, KLA-Tencor, Kookmin Bank, Korea Equity Fund, Metro International SA, Microwave Filter Company, Mid Atlantic Medical Services, Nam Tai Electronics, Nvidia, Occidental Petroleum, Oceaneering International, Office Depot, Omega Protein, Oracle, Oractec Interactive, Orbital Sciences, Outback Steakhouse, Penton Media, Phillips Petroleum, Private Business, Quantas Services, Rocky Shoes, Royal Dutch Petroleum, Siebel Systems, Smedvig ASA, Taiwan Semiconductor, Target Stores, TMP Worldwide, Transgene SA, Value City Department Stores, Verisign, Veritas DGC, Veritas Software, Wal-Mart, and Xilinx.

MAIN REASONS FOR ACTIVITY

• US Business Inventories declined 0.4% in December, as the Inventory-to-Sales ratio stayed at 1.39 for the 3rd. straight month.

• US Jobless Claims for weekending February 9th. declined 8,000 to 373,000. The 4-week moving average declined 5,500 to 376,000.

• US Import Prices rose 0.4% in January, due primarily to higher oil prices. US Export Prices declined 0.1%, due primarily to a weaker global economy. 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.

• Oil prices and stocks gained today too.

• Outback Steakhouse gained 3.45% on news that Warren Buffett has bought 1.87 million shares in the company.

• Intel lost 0.12% on market rumors that it is facing price pressures on its Pentium P4™.

• Qwest Communications International lost 12.81% after Standard & Poor's downgraded its senior secured notes to "BBB" high junk status yesterday. Today, Fitch also downgraded its senior notes to "BBB". Today, Qwest tapped $1 billion of its $4 billion credit line after having a tough time to raise about $800 million in commercial paper.

• AK Steel gained 0.68% after Merrill Lynch upgraded it to a "strong buy".

• Centillum Communications gained 12.49% after Frost Securities upgraded it to a "strong buy".

• Network Appliance lost 2.95% after USB Piper Jaffray's Ashok Kumar downgraded it to "market perform".

• Microsoft lost 0.23% despite announcing that it now owns 15.4% of USA Networks, after selling its stake in Expedia to USA Networks. Expedia and USA Networks all closed lower.

• Brocade Communications lost 7.27% today on dismal earnings report late yesterday.

• Oratec Interactive gained after UK medical devices maker rival, Smith & Nephew Plc, agreed to acquire it for $310 million.

• Incyte Genomics lost 20.49% after DB Alex Brown downgraded it to a "market perform".

• Hewlett Packard lost 0.48% today not because of its earnings report yesterday, but PC makers generally closed lower today as the market awaits results from Dell in after hours.

• 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.

• Polycom lost 12.71% despite clarifying the SEC letter it received about its PictureTel acquisition. Thomas Weisel upgraded the stock to a "strong buy" and raised its price target to $48/share.

• American Express gained 1.68% after JP Morgan upgraded it to a "buy".

• Dick Clark Productions gained 30.83% after an investor group headed by Mosaic Media and CDP Capital Communications agreed to acquire it for $140 million.

• The Gap lost 4.12% after Moody's Investor Services downgraded its senior unsecured notes to "Ba2" junk status and its Commercial Paper to "not Prime". Standard & Poor's also cut it to "BB-Plus" junk status. The Gap secured $1.3 billion in bank credit to cover its $1.3 billion facility due June of this year, and a $150 million facility due June of 2005.

• AFTER CLOSE: Dell is gaining in after hours trading after reporting fiscal Q4 earnings of 17 cents a share, in line with First Call estimates, on revenue of $8.1 billion.

• AFTER CLOSE: Analog Devices is gaining in after hours trading after reporting fiscal Q1 earnings that met First Call estimates. Analog Devices sees fiscal Q2 slightly missing estimates.

• AFTER CLOSE: Nvidia is losing in after hours trading despite  reporting fiscal Q4 pro forma earnings that rose 134% to 43 cents a share, 9 cents a share better than First Call estimates, while revenue rose 129% over the year to $499.9 million. On the downside, Nvidia announced that the SEC is investigating its accounting practices in Q4 2000 all the way to Q3 2001.

• AFTER CLOSE: Agile Software is still losing in after hours trading after reporting a fiscal Q3 loss of 14 cents a share, 1 cent a share less loss than Wall Street expected. Agile Software reiterated its Q4 2002 outlook.

• AFTER CLOSE: Ingram Micro is gaining in after hours trading after reporting fiscal Q4 earnings of 10 cents a share, 2 cents a share better than First Call estimates, on sales of $6.14 billion.

• Enron Drama: Former Enron Executive Sherron Watkins, who warned Enron Chairman and CEO Kenneth Lay in an October 30th. memo about the company needing to "come clean" from money losing partnerships, testified today that Kenneth Lay was duped by former Enron executives Jeffrey Skilling, Andrew Fastow, Andersen, and law firm Vinson & Elkins into thinking the company wasn't in serious problems.

• 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: Internet and technology 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 FEBRUARY 13TH. 2002

DOW INDUSTRIAL: 9989.67 = +125.93

NASDAQ: 1859.16 = +24.95

S & P 500: 1118.51 = +11.01

MOST ACTIVE STOCKS & SECTORS

The markets closed higher on strong retail sales data. The NASDAQ, which was up all day, had a moderate trading volume of over 1.600 billion, while the NYSE had a volume of over 1.195 billion shares traded. Gainers included: Ace Ltd, Advanced Energy Industries, Allscripts Health, Amazon.Com, AMD, American Express, Apple Computer, Applebee's International, Applied Materials, Ask Jeeves, AT&T, Bea Systems, Belo Corp, Boeing Co, Bristol Myers Squibb, Broadcom, Brocade Communications, Caminus Corp, CanTV, CEC Entertainment, ChevronTexaco, Clear Channel Communications, Cisco Systems, Citigroup, Comcast, Compaq, Computer Associates, Computer Task, CSK Corp, DaimlerChrysler AG, Dell, eBay, EMC Corp, Emmis Communications, Entravision Communications, E.W. Scripps, ExxonMobil, Ford Motor Co, GameSpot, Gannett, Gateway, GE, GM, Gulf Island Fabrication, Hewlett Packard, Hispanic Broadcasting, Home Depot, HTE inc, Hughes Electronics, Hypercom, i2 Technologies, IBM, Instrumentarium, Intel, Jack in the Box, Johnson & Johnson, KLA-Tencor, Lanoptics Ltd, LastMinute.Com, Micron Tech, Microsoft, NCO Group, Network Appliance, New York Times, Novellus Systems, Numerical Technologies, Office Depot, Optika, Overture Services, Pediatric Services of America, Penton Media, Perot Systems, Pfizer, Pxre Group Ltd, Radio One, Rambus, Siebel Systems, Silverline Technology, Sirius Satellite Radio, Spanish Broadcasting, Staples, Sulzer Medica, Sun Microsystems, Sycamore Network, Teradyne, Texas Instruments, TicketMaster.Com, Tickets.Com, Trenwick Group, Tribune, Univision Communications, Unova, US Vision, Value City Department Stores, Ventiv Health, Viacom, Xilinx, XM Satellite Radio, Yahoo!, and Young Broadcasting.

MAIN REASONS FOR ACTIVITY

• The Mortgage Bankers Association (MBA) reported that for weekending February 8th, its MBA Mortgage Applications Survey Index rose 2.5% to 581.7. The Purchase Index declined to 314.7. The Refinance Index rose to 2134.9. The 30-year Fixed Rate Mortgage declined to 6.81%.

• MARTS reported that US Retail Sales declined only 0.2% in January. Excluding Autos, retail sales rose a strong 1.2% from the month before, and 2.5% over the year.

• The Energy Information Administration (EIA) reported that for week ending February 8th, US Crude Oil inventories rose 2.5 million barrels, while Distillates rose 200,000 barrels in 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.

• Office Depot gained 14.21% after reporting a 2001 profit and raising its 2002 outlook.

• Qwest Communications International lost 6.73% and took telecommunications shares lower after a Wall Street Journal article questioned its accounting practices as not meeting GAAP standards in the last 2 years. Qwest denied the charges.

• Johnson & Johnson gained 1.38% and took drug shares higher after its board approved a $5 billion stock repurchase plan.

• Network Appliance gained 17.57% after reporting fiscal Q3 earnings that beat Wall Street. Network Appliance also raised its outlook.

• Retail stocks gained on the good retail sales data.

• Viacom gained 0.16% and helped media shares higher after reporting a fiscal Q4 loss of 8 cents/share, 3 cents/share less than Wall Street expected, while revenue declined 5% to $6.04 billion. Viacom also announced that it is acquiring Los Angeles TV station, KCAL from Young Broadcasting for $650 million in cash. Lehman Brothers analyst Staurt Linde thinks the company is showing signs of turning around. Young Broadcasting gained 11.27% on the news.

• News Corp lost 4.97% as the market responded lukewarm to its earnings report late Tuesday.

• Oil stocks continued their gains today too.

• 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.

• General Motors (GM) gained 4.34% and helped automakers to close higher after Merrill Lynch made known in a research note that it expects the giant auto maker to show a profit instead of the loss expected. GM also announced that it is idling 139 jobs for a month at its engineering center.

• IPO Today: GameStop, a game retailer, closed 11.67% above its offering price.

• Overture Services gained 18.98% and helped internet stocks to gain after reporting some spectacular results yesterday, and raised its outlook too.

• Applied Materials and Sycamore Networks rallied today due to their earnings reports yesterday.

• Entravision Communications gained 21.17% and also helped media shares to close higher after reporting a strong fiscal Q4. Thomas Weisel upgraded the stock to a "buy".

• AFTER CLOSE: Hewlett Packard is still gaining in after hours trading after reporting fiscal Q1 earnings of 29 cents a share on revenue of $11.4 billion, which all beat First Call estimates. Hewlett Packard CEO Carly Fiorina took the opportunity to push for the Hewlett Packard/Compaq merger.

• AFTER CLOSE: Intuit is gaining in after hours trading after reporting fiscal Q2 earnings of 61 cents a share, well above the 4 cents a share First Call estimated. Revenue beat Wall Street estimates and came in at $547.2 million. Intuit raised its fiscal 2002 outlook.

• AFTER CLOSE: Brocade Communications is losing in after hours trading after  reporting fiscal Q1 earnings of 5 cents a share, in line with First Call estimates, on revenue of $123.1 million.

• AFTER CLOSE: Applebee's International is losing in after hours trading after reporting a fiscal Q4 earnings of 45 cents a share, which was 1 cent a share better than Wall Street expected, as revenue rose over the year to $188 million.

• Enron Drama: Former Enron Executive Sherron Watkins, who warned Enron Chairman and CEO Kenneth Lay in an October 30th. memo about the company needing to "come clean" from money losing partnerships, is testifying before the House Energy and Commerce Committee. In a separate development, Kenneth Lay's Aspen Colorado home was sold for $10 million. The 3,015 square feet home sat on 3 acres on the Roaring Fork River.

• 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: Internet and technology 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 FEBRUARY 12TH. 2002

DOW INDUSTRIAL: 9863.74 = -21.04

NASDAQ: 1834.21 = -12.45

S & P 500: 1107.50 = -4.44

MOST ACTIVE STOCKS & SECTORS

The markets closed lower as Nortel Networks re-ignited "fuzzy" accounting fears. The NASDAQ, whose rally lost steam in the last 30 minutes of trading, had a moderate trading volume of over 1.620 billion, while the Dow had a volume of over 1.101 billion shares traded. Gainers included: Actrate Financial, Ambassador International, AMD, Amgen, Andersen Group, Aon Corp, Arqule, Blockbuster Entertainment, Boeing Co, Borland Software, Bristol Myers Squibb, Central European Distribution, Concord EFS, Cubist Pharmaceuticals, Culp, Dell, Dynacq International, Echelon, Elan Corp, Enesco Group, EOTT Energy LP, Exact Sciences, F5 Networks, FindWhat.Com, Giant Industries, Gottschalks, Idec Pharmaceuticals, Image Sensing, Imclone Systems, Immunogen, Jabil Circuits, Jmar Technology, Liberty Media, Maritrans, Merck & Co, Metlife, Millennium Pharmaceuticals, MSC Software, Neopharmaceuticals, Netscreen Technology, Nipsco Capital Markets, Overture Services, Palm, Perot Systems, Pfizer, Pre-paid Legal, Primedia, S1 Corp, Safenet, Schering-Plough, Siebel Systems, Solectron, Sprint FON Group, Sycamore Network, Transkaryotic Therapies, United Therapeutics, US Airways, Verisign, Watson Wyatt, and Wellpoint Health Networks.

MAIN REASONS FOR ACTIVITY

• The Richmond Fed Manufacturing Survey came in at 4.00 in January, due mostly to improvements in New Orders, Shipments, and the Average Workweek indices for the Federal Reserve District. 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.

• Imclone Systems gained 4.87% and helped biotechnology stocks to close higher after rejecting Bristol Myers Squibb's demand for a bigger profit margin for the Cancer drug, Erbitux™. Drug related shares closed higher too.

• Idec Pharmaceuticals also contributed to the rally in the biotechnology/biopharmaceutical stocks after Lehman Brothers upgraded it to a "strong buy" on expectations that the FDA will approve its Cancer drug, Zevalin™.

• Blockbuster gained 8.80% after reporting fiscal Q4 losses that were lower, as revenue rose.

• Nortel Networks lost 6.14% today after announcing the resignation of its CFO for trading stock after the "trading window" has passed.

• Echelon gained 14.52% after announcing that Fuji Electric will handle the sell of its technology in Japan.

• Jabil Circuits gained 3.16% after Thomas Weisel upgraded it to a "strong buy" recommendation.

• Lockheed Martin lost 1.94% despite announcing that it has won a $2.7 billion contract to supply the US Air Force with 13 F-22 Raptors in 2004. Boeing will be a joint contractor on the project, while United Technologies' Pratt & Whitney will supply the engines.

• Jmar Technology gained 19.71% after announcing a $34.5 million semiconductor processing contract.

• Wellpoint Health Networks gained 2.14% today after reporting strong earnings yesterday.

• 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.

• Netscreen gained 13.15% on a Wachovia upgrade to a "strong buy".

• Overture Services gained 27.17% after announcing that its relationship with Microsoft's MSN™ will continue until 2003. Goldman Sachs upgraded Overture to its "Recommended List".

• Borland Software gained 4.28% after reiterating its fiscal 2002 earnings outlook.

• Perot Systems gained 2.76% after reporting fiscal Q4 figures that met, and raised its fiscal Q1 outlook.

• Aon Corp. gained 2.81% after reporting fiscal Q4 earnings that beat Wall Street estimates, as revenue rose 7.3% over the year to $2.1 billion.

• Metlife gained 2.71% after reporting fiscal Q4 results that beat estimates by 1 cent a share.

• AFTER CLOSE: Overture Services is still gaining in after hours trading after reporting fiscal Q4 earnings of 35 cents a share, a whopping 20 cents a share better than First Call estimates, as sales came in at $101.2 million, which beat its own estimate by $25.2 million. Overture also raised its outlook.

• AFTER CLOSE: Applied Materials is gaining in after hours trading after reporting fiscal Q1 earnings that beat Wall Street estimates, while revenue came in at $1 billion, which missed.

• AFTER CLOSE: News Corp reported fiscal Q2 pro forma earnings that beat First Call estimates by 1 cent a share.

• AFTER CLOSE: Sycamore Networks is losing in after hours trading after reporting a fiscal Q4 pro forma loss of 11 cents a share, which was 1 cent a share less losses than Wall Street expected, but revenue declined to $21.8 million, well lower than last year's levels.

• AFTER CLOSE S1 Corp. is losing in after hours trading after reporting a Fiscal Q4 pro forma loss of 30 cents a share, 9 cents a share less than Wall Street estimated. Revenue rose 31% to $78.6 million.

• Enron Drama: Former Enron Chairman and CEO Kenneth Lay appeared before the US Senate Commerce Committee but answered no questions after his attorneys advised him to take the 5th Amendment. Also testifying today was William Powers, an Enron Board Member and Law Professor at the University of Texas Law School, who reiterated his claims that Kenneth Lay, the CEO before him and all other Enron executives were involved in the partnership schemes designed to hide losses and enrich themselves.

• 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: 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 FEBRUARY 11TH. 2002

DOW INDUSTRIAL: 9884.78 = +140.54

NASDAQ: 1846.66 = +27.78

S & P 500: 1111.93 = +15.71

MOST ACTIVE STOCKS & SECTORS

The markets closed higher today again on hopes of a quick economic recovery. The NASDAQ, which rallied most of the day, had a moderate trading volume of over 1.565 billion, while the Dow had a volume of over 1.139 billion shares traded. Gainers included: 3M, Agere Systems, American Home Products (AHP), Airnet Systems, Anadarko Petroleum, AOL Time Warner, Applied Materials, Berry Petroleum, Boeing Co, Bristol Myers Squibb, Broadcom, Brocade Communications, BT Group Plc, Calpine Corp, ChevronTexaco, Ciena Corp, Cisco Systems, Citigroup, CMGI, Comtech Telecommunications, Cooper Tire & Rubber, Corning, Danka Business, Dell, Deutsche Telekom AG, Disney, Dupont, Elan Corp, Eli Lilly & Co, EMC Corp, Ericsson, ExxonMobil, Fairchild Semiconductor, Flour Corp, France Telecom SA, G-III Apparel, GE, Global Sources, GSI Lumonics, Halliburton, Handspring, Harris Interactive, Hercules Corp, Imagistics International, Imclone, Instinet Group, Intel, International Paper, JC Penney, JDS Uniphase, JP Morgan Chase & Co, Juniper Networks, Leap Wireless, Lucent Technologies, McDermott International, Micrel Corp, Micron Tech, Microsoft, Motorola, M-Systems, National Semiconductor, Network Appliance, Nippon Telegraph & Telephone Ltd, Noble Drilling, Nortel Networks, Occidental Petroleum, Oracle, Palm, Pfizer, Philips Petroleum, Phillips-Van Heusen, Qualcomm, Quanta Services, Register.Com, Regus Plc, Research in Motion, Revlon, Royal Dutch Petroleum, Schering-Plough, Sepracor, Siebel Systems, Skeechers USA, Solectron, Sprint PCS Group, Sun Microsystems, Taiwan Semiconductor, Taser International, Texas Instruments, Toymax International, Transkaryotic Therapies, Triquint Semiconductor, Tyco International, United Therapeutics, US Airways, Verity, Vitesse Semiconductor, Vitria Technology, Vivendi Universal SA, Wal-Mart, and Wellpoint Health Networks.

MAIN REASONS FOR ACTIVITY

• Kansa City Fed Manufacturing Survey rose 6% in January.

• Federal Reserve Bank of Boston President and FOMC member, Cathy Minehan expressed in a speech in Providence Rhode Island that the Enron implosion and the corporate accounting problems will likely make the economic recovery a little slower. 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.

• Oil shares gained as oil prices rose.

• Semiconductor shares performed well after CS First Boston upgraded Micrel and National Semiconductor.

• Asbestos related shares gained after a favorable ruling for McDermott International in an Asbestos case.

• Newmont Mining lost 5.96% and took gold shares lower after Prudential Securities downgraded it to a "sell" and lowered its price target to $10/share. Newmont closed at $23.51/share.

• Toymax International gained 38.69% after Jakks Pacific offered $54 million in cash and stock to acquire it. Jakks lost 2.93%.

• Telecommunications stocks closed lower after Standard & Poor's™ cut Worldcom's rating to a "negative", and Qwest Communications International reported that the SEC has given it a subpoena relating to Global Crossing.

• Deutsche Telekom of Germany led foreign telecommunications shares higher with a 4.73% gain after Morgan Stanley Dean Witter upgraded it.

• Vivendi-Universal gained 3.65% after its CEO Jean-Marie Messier made known that the company has no hidden items on its balance sheets.

• 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.

• Cisco and Ciena gained 5.55% and 10.68% respectively after wining major supply contracts with AT&T. AT&T closed lower.

• United Therapeutics gained 17.58% after its Pulmonary Hypertension drug, Remodulin™, received a conditional approval from the FDA.

• Handspring gained 33.79% after beginning the US shipment of its Treo™ handheld device. Rival Palm also gained on the news.

• Schering-Plough gained 5.67% and lifted drug stocks after the FDA allowed the expanded use of its allergy medicine, Clarinex™, the successor to its Claritin™.

• AFTER CLOSE: Instinet Group is still gaining in after hours trading after reporting fiscal Q4 earnings of 14 cents a share, which met First Call estimates, but revenue came in at $350.3 million, which missed.

• AFTER CLOSE: Tricon Global Restaurants is gaining in after hours trading after reporting fiscal Q4 earnings of $1.08 a share, which was above Wall Street estimates. Tricon also raised its fiscal 2002 earnings outlook.

• AFTER CLOSE: Transkaryotic Therapies is losing in after hours trading after reporting a fiscal Q4 loss that was worst than Wall Street expected.

• AFTER CLOSE Wellpoint Health Networks reported fiscal Q4 earnings that beat Wall Street estimates.

• AFTER CLOSE: Nortel Networks is losing in after hours trading after announcing the resignation of its CFO for making share trades outside the allocated "trading window".

• Enron Drama: Three companies associated with Enron today announced that Andersen resigned as their outside auditor: Northern Border Partners LP, a company owned by Enron subsidiaries Pan Border Gas Company, and Northern Plains natural Gas Company; EOTT Energy Partners LP, a wholly owned subsidiary of Enron that handled crude oil marketing and transportation; Portland General Electric, also a wholly owned subsidiary of Enron.

• 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