Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 239.01

-1.2%

Dec 8 3:59 PM EST

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To: Stock Watcher who wrote (44217)	4/5/2001 2:01:06 PM
From: Investor Clouseau	of 52051

NEW YORK, April 5 (Reuters) - J.P. Morgan said analyst Gregory Smith cut his outlook on 2001 earnings per share from U.S. online broker Knight Trading Group Inc. (NasdaqNM:NITE - news) on Thursday. In a report, he trimmed his estimate to 85 cents from $1.28. Smith said the move reflected ``Knight's earnings potential given severe equity market uncertainty.'' He added, ``We believe NITE shares present a compelling entry point for longer-term investors.'' Knight forecast lower-than-expected first-quarter profits on Wednesday. It blamed market conditions and the effect of falling stock markets.

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