THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR TUESDAY APRIL 2ND. 2002

DOW INDUSTRIAL: 10313.71 = -48.99

NASDAQ: 1804.40 = -58.22

S & P 500: 1136.61 = -9.93

MOST ACTIVE STOCKS & SECTORS

The markets closed lower today. The NASDAQ, which was down all day, had a heavy trading volume of over 1.698 billion, while the NYSE had a volume of over 1.175 billion shares traded. Gainers included: AOL Time Warner, Ask Jeeves, Concept Direct, Cygnus, Donegal Group, Enterprise Oil Plc, Equity Market, ExxonMobil, Lucent Technologies, Lucille Farms, Ontrack Data, Peoples Financial, Providian Financial, Right Start, Transact Technology, Unilab, and Wink Communications.

MAIN REASONS FOR ACTIVITY

• US Factory Orders declined 0.1% in February.

• The Bank of Tokyo-Mitsubishi Chain Stores Sales Index declined 0.6% for the week ending March 30th. 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.

• AOL Time Warner gained 1.50% after announcing plans to sell $4 billion in bonds so as to pay debts.

• Technology stocks were hit by lowered earnings outlooks on IBM, Microsoft, and Peoplesoft.

• Markets were nervous that the escalating Middle East violence that is causing crude oil prices to rise might be bad for the recovery.

• Enterprise Oil gained 13.70% after Royal Dutch/Shell offered $5 billion to acquire it. This is Shell's second major acquisition in 2 weeks.

• 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.

• Best Buy lost 5.62% despite reporting fiscal Q4 earnings that beat estimates by 1 cent a share, and sales rose to $6.98 billion. Chain stores operators were hit by the chain store sales data.

• Unilab gained 4.52% after agreeing to be acquired by Quest Diagnostics for $1.1 billion. Quest lost 4.05%.

• Cygnus gained 12.53% after the FDA approved its GlucoWatch G2™ Biographer.

• Enron Drama: The Department of Justice has impaneled another grand jury to investigate Arthur Andersen and 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.

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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 MONDAY APRIL 1ST. 2002

DOW INDUSTRIAL: 10362.70 = -41.24

NASDAQ: 1862.62 = +17.27

S & P 500: 1146.38 = -1.31

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow lost, while the NASDAQ gained on the first trading day of the second quarter. The NASDAQ, which rallied after 10:00 AM, had a moderate trading volume of over 1.554 billion, while the NYSE had a volume of over 1.032 billion shares traded. Gainers included: Airnet Communications, AMD, Applied Materials, Applied Micro Circuits, AT&T, Books-A-Million, Broadcom, Brocade Communications, Catalyst International, Cephalon, Ciena Corp, Cisco Systems, Corning, Culp, Dell, Del Monte Foods, Dialysis America, E Com Ventures, EMC Corp, Enodis Plc, Ericsson, Fargo Electronics, Ico inc, Imclone Systems, Infinity, Intel, Interdigit Communications, International Electronics, Intrabiotics, Isramco, JDS Uniphase, Juniper Networks, KLA-Tencor, Liberty Property Trust, Leap Wireless, Lucent Technologies, Merck & Co, Merge Technologies, Metris Companies, Microsoft, Motorola, Nextel Communications, Nortel Networks, Novamerican, Oracle, Pacific Union Bank, Penn Traffic Company, Pfizer, PMC-Sierra, Qualcomm, Recoton, Reptron Electronics, Scansoft, Siebel Systems, Solectron, Sonicblue, Smithway Motor Xpress, Sportsman's Guide, Sprint PCS Group, Sun Microsystems, Veritas DGC, Western Wire, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• US Construction Spending rose 1.1% in February, due mostly to residential construction.

• The Institute of Supply Management (ISM), formerly known as the NAPM, reported that its ISM Index rose to 55.6% in March - any point above above 50% is an increase in manufacturing activity. This was the second straight monthly increase in a row. 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 Dow closed lower as investors worried about continued violence in the Middle East.

• Wal-Mart closed lower after UBS Warburg downgraded it to a "buy" after reporting less than stellar sales data for the week ending Saturday. Merrill Lynch also downgraded some retailing stocks on fears their recent spectacular run might be nearing its end.

• Federated Department Stores lost 3.77% after stating that its same-store sales for the week ending Saturday was less than its expectations.

• Digital River lost 52.06% after lowering its fiscal Q1 outlook due to poor demand for e-commerce software.

• Adelphia Communications lost 11.95% today after announcing that it has asked the SEC for more time before filing its annual report.

• Epiphany lost 6.61% after announcing that a major customer for its Customer Relationship Management (CRM) software is re-evaluating its needs for CRM - Epiphany thinks this might lead to lower earnings and revenue.

• Sierra Pacific Resources lost 39.63% after Merrill Lynch and Goldman Sachs downgraded it.

• Sportsman's Guide gained 18.60% after raising its fiscal Q1 outlook.

• Semiconductor shares gained after the current worldwide semiconductor billing was shown to be increasing mostly in the Americas and Asia Pacific (excluding Japan).

• 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.

• Fargo Electronics gained 13.79% after an SEC filing revealed that fund manager Gabelli Group owns a 6.14% stake in the company.

• Worldcom gained 2.23% after a District Judge in Southern Mississippi dismissed a shareholder lawsuit against the telecommunications company.

• Qwest Communications International lost 2.68% after announcing that it might write off between $20 to $30 billion due to accounting rule change. Qwest Communications is expecting an SEC investigation about the write off. Telecommunications shares were generally down today.

• Sun Microsystems gained 7.94% on upbeat comments from Merrill Lynch.

• Ford Motor Co. lost 4.61% after Prudential downgraded it to a "sell".

• AFTER CLOSE: Documentum is still losing in after hours trading after announcing plans to raise $100 million by selling 5-year convertible senior notes.

• AFTER CLOSE: Noven Pharmaceuticals is gaining in after hours trading after reporting that trials for its experimental skin patch for treating Attention Deficit Hyperactivity Disorder (ADHD) is effective.

• AFTER CLOSE: Luminex warned about its fiscal Q1 results.

• AFTER CLOSE: Imclone Systems is losing in after hours trading after reporting a wider than expected fiscal Q4 loss.

• Enron Drama: The Department of Justice has impaneled another grand jury to investigate Arthur Andersen and 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: 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 MARCH 28TH. 2002

DOW INDUSTRIAL: 10403.94 = -22.97

NASDAQ: 1845.35 = +18.60

S & P 500: 1147.21 = +2.80

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the Dow lost, while the NASDAQ gained to close this short trading week. The NASDAQ, which was up all day, had a relatively heavy trading volume of over 1.664 billion, while the NYSE had a volume of over 1.112 billion shares traded. Gainers included: Aksys Ltd, Alltrista, AOL Time Warner, Applied Materials, Applied Micro Circuits, ArtistDirect, AT&T, AT&T Wireless, Bea Systems, Bristol Myers Squibb, Brocade Communications, Ciena Corp, Cisco Systems, Clean Harbors, Cobalt Corp, Computer Access, Cray inc, Dell, Donegal Group, Dynex Capital, Ebookers Plc, EMC Corp, G-III Apparel, GE, Hewlett Packard, JDS Uniphase, Juniper Networks, Liberty Media, Lucent Technologies, Microsoft, Morton's Restaurants, Motorola, NetGuru, Nextel Communications, Nortel Networks, Oracle, Palm, Petro Geo Services ASA, Qwest Communications International, Sanmina_SCI, Sense technology, Siebel Systems, SK Brands, SnowBall.Com, Solectron, Sprint PCS Group, Sun Microsystems, Taiwan Semiconductor Manufacturing, Terayon Communications, Texas Instruments, Travelers Property & Casualty, Truetime, United Microelectronics, Veritas DGC, Veritas Software, Worldcom Group, XM Satellite Radio, and Yahoo!

MAIN REASONS FOR ACTIVITY

• Worldwide Semiconductor Billings was unchanged in February, with the Americas and Asia Pacific seen increases, while Europe and Japan were still weak.

• US Personal Income rose a strong 0.6% in February, and Consumption also rose 0.6% in the same period.

• The University of Michigan Consumer Sentiment Survey for March was revised upward to 95.7.

• The Chicago Purchasing Managers Association reported that its Chicago PMI, a good measure of manufacturing activity in the Chicago area, rose above estimates to 55.7 - any point above 50 is an expansion.

• US Jobless Claims for weekending March 23rd. rose a surprising 18,000 to 394,000. The 4-week moving average rose 3,250 to 383,500.

• US Gross Domestic product (GDP) growth for Q4 2001 was revised upward to a growth of 1.7%.

• The Conference Board reported that its Help Wanted Index, a good measure of blue collar employee demand, rose 4 points to 51 in February. 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.

• Aksys Ltd gained 92.46% after the FDA approved its "Personal Hemodialysis System" for home kidney dialysis.

• Adelphia Communications lost 10.78% after Salomon Smith Barney cut its price target on the stock as its off-balance sheet and debt concerns continue.

• Nvidia lost 2.51% despite denying a Taiwanese business newspaper report that it is having problems with Taiwan Semiconductor Manufacturing, and it might cause Nvidia to miss its outlook. Nvidia reiterated its outlook again today. Taiwan Semiconductor gained.

• Juniper Networks gained 5.87% today as analysts expected its fiscal Q1 earnings warning late yesterday. Sonus Networks, which also warned about its fiscal Q1 late yesterday, lost 7.09%.

• 3M lost 1.67% after CS First Boston initiated coverage of it with a "hold" 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.

• Watson Pharmaceuticals lost 11.87% after its overactive bladder patch, Oxytrol™, was rejected by the FDA.

• Hewlett Packard (H-P) gained 0.96% after dissident board member and son of co-founder, Walter Hewlett, filed a lawsuit today to block the H-P/Compaq merger - apparently the merger must have been approved. Walter Hewlett claims misconduct in the voting.

• Pfizer lost 0.45% after making known that the Justice Department is investing the pricing of its blockbuster cholesterol drug, Lipitor™, in the past 2 years.

• Solectron gained 11.43% after acquiring a facility from Lucent Technologies, and signing a 3-year networking equipment contract with Lucent valued at $2 billion. Lucent gained 8.99%.

• Bristol Myers Squibb gained after selling its antibiotic, Duricef™, and skin cream, Moisturel™, to Galen Holdings Plc. of the UK.

• Enron Drama: The Department of Justice has impaneled another grand jury to investigate Arthur Andersen and 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: 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 MARCH 27TH. 2002

DOW INDUSTRIAL: 10426.91 = +73.55

NASDAQ: 1826.75 = +2.58

S & P 500: 1144.41 = +6.09

MOST ACTIVE STOCKS & SECTORS

The markets closed higher today again on strong economic data. The NASDAQ, which was up and down most of the day, had a relatively heavy trading volume of over 1.624 billion, while the NYSE had a volume of over 1.156 billion shares traded. Gainers included: Agnico-Eagles, Alamosa Holdings, American Greetings, Anglogold Ltd, AOL Time Warner, Applied Films, Ashanti Goldfields Ltd, Ask Jeeves, AT&T, AT&T Wireless, Bema Gold, Big Dog Holdings, Bristol Myers Squibb, Brocade Communications, Calpine Corp, Carbo Ceramics, Citigroup, Clare, Collagenix, Covad Communications Group, Denbury Resources, Ducommun, Durban Roodepoort Deep, Eagle Bankshares, Eateries, E Com Ventures, EMC Corp, Emulex Corp, ExxonMobil, Freeport-McMoran Copper & Gold, GE, Hardinge, Harmony Gold, Homestore.Com, Juniper Networks, Lehman Brothers Holdings, Lindsay Manufacturing, Lucent Technologies, Manugistics Group, Morton's Restaurants, Newmont Mining, Nokia, Olympic Steel, Palm, Placer Dome, Pride International, Rex Stores, Riversone Networks, Royale Energy, Saba Software, Siebel Systems, Sirius Satellite Radio, Skyepharma Plc, SnowBall.Com, Sun Microsystems, Titanium Metals, Trader.Com, Tyco International, US Steel, Veritas Software, Wesco International, Weight Watchers International, Worldcom Group, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The Chicago Fed National Activity Index (CFNAI) improved to 0.04 in February, as the 3-month moving average improved to -0.28%.

• US Agricultural Prices rose 7.1% in March, due mostly to higher prices of perishables like Lettuce.

• The Energy Information Administration (EIA) reported that for weekending March 22nd, US crude oil inventory declined 4.5 million barrels, while Distillates declined 3.0 million barrels.

• US New Home Sales rose 5% to 875,000 units in February.

• The Mortgage Bankers Association (MBA) reported that for weekending March 22nd, its MBA Mortgage Applications Survey rose 4.9% to 494.8. The Purchasing Index rose to 330.4. The Refinance Index rose to 1450.6. The 30-year Fixed Rate Mortgage rose to 7.14%. 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.

• Steel related stocks gained on anticipated price increases due to the planned US steel imports tariffs.

• Gold stocks gained as gold prices rose to closed at $302.20/ounce on the NYMEX.

• Adelphia Business Solutions lost 33.33% after filing for chapter 11 bankruptcy protection.

• Ericsson lost 0.24% after stating that it doesn't see a recovery in 2002.

• Covad Communications Group gained 23.20% after reporting fiscal Q4 net income of $4.69/share, as revenue rose 62% to $89.5 million.

• Rex Stores gained 7.04% after reporting a strong fiscal Q4 earnings.

• Genzyme lost 11.11% after announcing that it sees "significantly lower" profits in Q1.

• Sirius Satellite Radio gained 14.22% after reporting fiscal Q4 loss that rose to $1.52/share. Sirius announced that it will accelerate the rollout of its services, and renegotiate the credit terms of Lehman Brothers credit line.

• 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.

• Manugistics gained 12.18% today after reporting stellar earnings in late trading yesterday.

• Skyepharma Plc. gained 29.35% after announcing that drug giant GlaxoSmithKline Plc. will launch its antidepressant, Paxil CR™, in April.

• Saba Software and Riverstone Networks gained today after reporting strong earnings late yesterday.

• AFTER CLOSE: Juniper Networks is losing in after hours trading after lowering its fiscal Q1 outlook.

• AFTER CLOSE: Sonus Networks is still losing in after hours trading after warning about its fiscal Q1 results.

• Enron Drama: Arthur Andersen announced massive job cuts.

• 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 MARCH 26TH. 2002

DOW INDUSTRIAL: 10358.36 = +71.69

NASDAQ: 1824.17 = +11.68

S & P 500: 1138.32 = +6.45

MOST ACTIVE STOCKS & SECTORS

The markets rallied today on strong economic data. The NASDAQ, which was up most of the day, had a relatively heavy trading volume of over 1.662 billion, while the NYSE had a volume of over 1.175 billion shares traded. Gainers included: 21st. Century, Active IQ Technology, Airtran Holdings, Alaska Air Group, America West Holdsings, AMR Corp, Applied Materials, Benthos, Broadcom, Brocade Communications, Champion Entertainment, Ciena Corp, Cisco Systems, Citigroup, Cole Nation, Compaq, Continental Airlines, Curon Medical, Delta Air Lines, Digital Video, D.R. Horton, Dura Automotive Systems, Ectel Ltd, Ericsson, ExxonMobil, Ford Motor Co, France Telecom SA, Frontier Airlines, GE, Genaera, Gerber Scientific, Gottschalks, Grupo IMSA, Harris & Harris, Host America, Hovnanian Enterprises, Intel, JP Morgan Chase & Co, Juniper Networks, KB Homes, KLA-Tencor, Landair Corp, Liqui Box, Manugistics Group, Mastec, MDC Holdings, Merisel, Mesa Air Group, Motorola, Northwest Airlines, Omega Healthcare, ON Technology, Oracle, PacificHealth, Pennzoil-Quaker State, PVC Container, Qualcomm, Riversone Networks, Ryland Corp, Seabulk International, Siebel Systems, Southwest Airlines, TAT Technology, Theragenics, Travelers property & Casualty, UAL Corp, US Airways, Virologic, Wolverine Worldwide, and Xicor.

MAIN REASONS FOR ACTIVITY

• US Durable Goods Orders rose 1.5% in February, its third straight monthly gain.

• The Conference Board reported that the US Consumer Confidence Index rose a whopping 15 points in March to 110.2, as current and future expectations sections of the index also posted strong gains. 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.

• Ciena gained 0.60% after announcing plans to cut 22% of its workforce and take a restructuring charge in Q2, as the company struggles to get back to profitability.

• Liqui Box gained 32.83% after Dupont Canada agreed to acquire it for $333 million.

• Pennzoil-Quaker State gained 38.80% today after Anglo-Dutch oil giant, Royal Dutch/Shell agreed to acquire the giant lubricants company for $1.8 billion.

• Worldcom Group lost 6.29% after UBS Warburg downgraded it to a "hold".

• Network Associates lost 11.08% after announcing that the SEC is investing its fiscal 2000 accounting practice.

• McAfee.Com lost 15.99% as Network Appliance decided to delay the acquisition of the company until the SEC investigation is over.

• Airlines gained today after some sharp losses yesterday when America West Airlines cut its fairs, thus triggering fears of a price war.

• 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.

• MRO Software lost 43.44% after issuing a warning that its fiscal Q2 results will not meet Wall Street estimates. First Analysis Securities downgraded the stock.

• Dura Automotive Systems gained 23.91% after announcing that its fiscal Q1 and full year results will beat Wall Street estimates.

• Curon Medical gained 19.40% today after announcing late yesterday that the FDA has approved its Incontinence treatment device, Secca™.

• AFTER CLOSE: Manugistics Group  is still gaining in after hours trading after reporting a fiscal Q4 loss of 2 cents a share, 4 cents a share less losses than First Call estimates, as revenue came in at $80.6 million, which also beat estimates.

• AFTER CLOSE: Saba Software gaining in after hours trading after reporting a fiscal Q3 loss of 2 cents a share, 1 cent a share less than First Call estimates, on revenue of $14.5 million.

• AFTER CLOSE: Riverstone Networks is losing in after hours trading after reporting a fiscal Q4 loss of 1 cent a share, in line with Wall Street estimates, but revenue missed at $51.3 million.

• Enron Drama: Arthur Andersen's CEO resigned in after hours on March 26th. Arthur Anderson's Chairman of the Board, Paul Volcker, recently expressed interest in seen the board appointing a new management team for the company.

• 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 MONDAY MARCH 25TH. 2002

DOW INDUSTRIAL: 10281.67 = -146.00

NASDAQ: 1812.49 = -38.90

S & P 500: 1131.70 = -17.00

MOST ACTIVE STOCKS & SECTORS

The markets closed lower today. The NASDAQ, which slumped after all day, had a light trading volume of over 1.429 billion, while the NYSE had a volume of over 1.032 billion shares traded. Gainers included: ACT Medical, Agnico-Eagle, Airnet Communications, Alliance Data, Anglogold Ltd, Aracruz, ASA Ltd, Ashanti Goldfields, Ask Jeeves, Big Dog Holdings, Biopure, Cash America International, Clare, Coca Cola, Curon Medical, Datawatch, Durban Roodepoort Deep, Eroom Systems Technologies, Esperion Therapeutics, Glamis Gold, Goldcorp, Gold Fields Ltd, Harmony Gold Mining Ltd, Impreso, Insignia, Lihir Gold Ltd, Mitek Systems, Mykrolis, Newmont Mining, Nisource, NMS Communications, OAO Tatneft, Palm, Pepsico, Pepsi Gemex, Placer Dome, The Quigley, Rex Stores, Right management, Scansoft, Sense Technology, SLI inc, Sports Authority, Texas Biotech, Travelers property & Casualty, Turkcell, Urologix, and Vail Resorts.

MAIN REASONS FOR ACTIVITY

• US Existing home Sales declined in February to 5.88 million units. 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 closed lower after the Bush administration stated it has no immediate plans to attack Iraq.

• Gold stocks rallied as gold prices also rose.

• Insignia gained 67.59% after joining Microsoft's mobile computing strategic alliance.

• Right Management gained 21.0% after announcing that it has completed the acquisition of Coutts Consulting, and it sees fiscal Q1 revenue topping $95 million.

• Pepsico gained 0.75% after announcing an exclusive beverage deal with United Airlines.

• 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.

• Applied Films lost 20.41% after warning that its fiscal Q1 results will miss.

• Solectron lost 7.38% after the S&P downgraded its already junk status debts even lower.

• AFTER CLOSE: Liberate Technologies is gaining in after hours trading after reporting a fiscal Q3 loss that was smaller than First Call estimates.

• AFTER CLOSE: Curon Medical is still gaining after receiving the FDA clearance for its incontinence treatment device, Secca™.

• AFTER CLOSE: Royal Dutch/Shell, the Anglo-Dutch oil giant, announced it is paying $1.8 billion to acquire lubricants giant, Pennzoil-Quaker State.

• Enron Drama: Arthur Andersen is in talks with KPMG to merge their non-US assets.

• 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 FRIDAY MARCH 22ND. 2002

DOW INDUSTRIAL: 10427.67 = -52.17

NASDAQ: 1851.39 = -17.44

S & P 500: 1148.52 = -5.06

MOST ACTIVE STOCKS & SECTORS

The markets closed lower on earnings warnings. The NASDAQ, which slumped after 1:00 PM, had a moderate trading volume of over 1.505 billion, while the NYSE had a volume of over 1.245 billion shares traded. Gainers included: 3Com, Aetrium, Allied Holdings, Amazon.Com, American Physicians Services Group, Ashanti Goldfields, AT&T, Atmel Corp, Avaya, Beazer Homes USA, Boyd Gaming, Brocade Communications, Candlewood Hotels, Cathay Bancorp, Centex, Chiquita Brands International, Cisco Systems, Citigroup, CNET Networks, Datawatch, Dendreon, eBay, EMC Corp, Emulex, Endocardial Solutions, Ericsson, Flextronics International, GE, Glamis Gold, Global Sources, Good Guys, Immucor, JDS Uniphase, Joann Stores, Juniper Networks, KB Homes, Lennar, LookSmart Ltd, Marvel Enterprises, MDC Holdings, Meritage, M/I Schottenstein Homes, Modem Media, NVR, Orlando Predators Entertainment, Palm, Pfizer, Piccadilly Cafeteria, PMC-Sierra, Pope Resources, Providian Financial, Qlogic, Ryland Group, Sea Containers, Skeechers USA, SL Industries, Standard Pacific Corp, Sun Microsystems, Toll Brothers, Touch America, Tower Automotive, Travelers property & Casualty, Tyco International, and Valentis.

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.

• Palm gained 21.77% after reporting strong earnings late Thursday.

• IPO Today: Travelers Property & Casualty, a former unit of Citigroup, gained 5.73% above its offering price.

• Gold shares gained as gold prices closed at $297.60 per ounce at the NYMEX.

• McDonalds lost 3.66% after warning about its full year report.

• Micron Tech and Nike closed lower after reporting dismal results late Thursday.

• 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.

• Homebuilders gained today after their massive selloff most of the week.

• Boyd Gaming gained after stating that its fiscal Q1 earnings will beat estimates. 

• Cathay Bancorp 3.03% after announcing a 2-for-1 stock split, and raised its dividend pay out.

• Energy services giant Baker Hughes lost 6.49% after lowering its Q1 outlook.

• Tower Automotive gained 3.59% after raising its fiscal Q1 outlook, due mostly to cost cutting.

• SkeechersUSA gained 10.98% after BB&T Capital Markets upgraded it to a "strong buy".

• Enron Drama: Arthur Andersen is in talks with KPMG to merge their non-US assets.

• 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. <