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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: kha vu who wrote (51059)	7/18/1999 12:58:00 PM
From: Burjis S.	Read Replies (1) \| Respond to of 120523

Kha Vu here is the article on HBC. A must look at for all Gemmers for a safe LT investment. Just Look at the PE RATIO!! HSBC begins trading on N.Y. Stock Exchange By Gilles Castonguay NEW YORK, July 16 (Reuters) - HSBC Holdings Bank Plc <HBC.N>, one of the world's largest banks, began trading on New York Stock Exchange on Friday, enabling its shares to be traded actively round the clock and around the world. But HSBC, whose stock is already listed in London and Hong Kong, saw its American Depositary Receipts (ADRs) end 7 cents lower than the opening price of $62.13 on a volume of 198,800 issues, according to unofficial figures. Under the symbol "HBC," each ADR, used by foreign companies to enable U.S. investors to trade in their stock, represents five HSBC shares, the world's seventh-biggest bank in assets. One trader blamed the drop on its arrival ahead a weekend in the middle of the summer. "There's nobody at work today." The broader U.S. market witnessed average trading levels, with the Dow Jones Industrial Average hitting another record with an unofficial close of 11,209.84. Ray Soifer, an analyst at Brown Brothers Harriman who began formal coverage of the bank with a "neutral" rating earlier in the day, said ADRs rarely traded actively on their own accord. "They tend to mirror trading in their country," he said. Although its head offices are now in London, HSBC began operating in Hong Kong in 1865 as the Hong Kong and Shanghai Bank Corp., financing the silk trade and other ventures. It has since expanded its operations to become a global titan with offices in 79 countries and territories, including Brazil, Canada and India. "Listing in New York is an important milestone in the continued development of the HSBC Group," HSBC Chairman John Bond, who rang the opening bell on the exchange floor to celebrate the listing, said in a statement. "It is sensible for a group of our size to have access to the world's largest capital market." The listing has heightened Wall Street expectations that the group would use the ADRs as currency to make further acquisitions in the competitive U.S. banking sector. "It is very difficult to do an acquisition for stock that isn't listed in the United States," Soifer said. "Their stock should now be much more acceptable for potential sellers." But Keith Whitson, the bank's chief executive, said HSBC had no immediate plans to make a purchase, given how it was still completing its $10.3 billion cash acquisition of Republic New York Corp. <RNB.N> and its sister Safra Republic Holdings SA <SASR.LU>. "We are not blind to the fact that a listing offers that benefit. But at the moment we have no specific plans," he told Reuters. "We don't have a shopping list. But on the other hand, we're always keen to see if there are opportunities." The acquisition would lead to HSBC's North American operations, which include Midland Marine Bank, to represent 25 percent of the group's total assets and about 23 percent of profits. In a television interview, Bond reiterated HSBC's goal of doubling its market capitalization within five years. At $104 billion, the bank, which has 8.4 billion shares, was the third largest in the world after U.S.-based Citigroup Inc. <C.N> and Bank of America Corp. <BAC.N>. 17:38 07-16-99 HBC - HSBC HLDGS PLC ADS Exchange: NYSE comp Delay: at least 20 minutes Last Price: 62 1/16 at 16:02 EDT Change: Not Available High: 62 5/16 at 9:44 EDT Low: 61 5/8 at 11:35 EDT Open: 62 1/8 Previous Close: Not Available Volume: 231,400 30-Day Avg. Volume: 231,000 Shares Outstanding: 883,000,000 Market Cap.: 54,801,187,500 52-Week High: 62.31 52-Week Low: 61.62 Beta: Not Available Yield: Nil P/E Ratio: 7.81 EPS: 7.95 Currency Units: US Dollar

To: kha vu who wrote (51059)	7/18/1999 1:08:00 PM
From: kendall harmon	Respond to of 120523

Stan Weinstein's comments on NBR on Friday: KANGAS: Things are better now? WEINSTEIN: Things are better but I want to make clear, it's not an A plus position right now. It's a B. It's OK. It's much better than last summer, but we have to be careful. It's far from an A. KANGAS: On July 10 when were you with us as a "Market Monitor," the Dow was, as I say, 9,100. And you said avoid stocks like Brylane (BYL) and Dress Barn (DBRN) and Lockheed (LMT) and Pillowtex (PTX); and they were just murdered. WEINSTEIN: Had some bad days. KANGAS: Two went against you; Paccar (PCAR) moved up a little bit and so did Mentor (MNTR). You said to hold Costco (COST), which did very well. You also liked United Air (UAL), and Dime Bancorp (DME) that didn't fare as well; they were down. And then you said sell Bethlehem Steel (BS), which was a good move; it's down 50 percent there. And Egghead (EGGS) you said sell, and it's down 50 percent. But Sapient (SAPE) went up about 50 percent. So not bad, all in all. And you liked General Instruments (GIC), which was a great call; that's way up from 27 then to 48 now. Are you still in that? WEINSTEIN: That one we're still in. That acts well. Costco, we had to start taking profits. KANGAS: OK. How do you generally view, at that time you said the blue chips would outperform the small caps. Have you changed your mind? WEINSTEIN: Absolutely. I think it's the most important thing, Paul, we can get into tonight. Whereas the last two years we've been saying blue chips are where it's at. In April, you know, reading the tape reader, we made a major switch over. We're saying now secondaries are where it's at. Oh, there are some blue chips that will be OK. But in general, I see a lot of blue chips acting very poorly. Conversely, I think secondaries are where it's at. Every hour I see another secondary stock coming... KANGAS: ... which secondaries do you like? WEINSTEIN: All right, we'll give you a couple. First of all, I like Barnes&Noble.com (BNBN), for those that can do speculative stocks; symbol BNBN. Ciena Corp (CIEN), I think that looks very good. Also, Friendly's Ice Cream (FRND), tastes good even if it doesn't work. And also I like Novell (NOVL); those are good. Just as importantly, I want people to avoid a lot of the blue chips. Like, negative on AutoZone (AZO). I do not like Disney, Fed Express (FDX), and also McGraw-Hill (MHP); those are all stocks to avoid. So, selectivity is where it's at. KANGAS: Bonds? WEINSTEIN: Bonds, been bearish since last November. Now struggling to form a base. No better than "neutral," I would not be a bond buyer here. KANGAS: Our second question from our viewers comes from Emry Bella of Edmonton, Alberta, Canada who watches us on Spokane, Washington's KSPS. And the question is, "can you briefly explain the meaning of the M-2 money supply and its significance? Is it really important anymore?" WEINSTEIN: I'll leave it to Greenspan to explain. But I'll just say, not real important. Remember in the old days, every Friday they were watching... KANGAS: ... every Thursday. WEINSTEIN: Every Thursday, right. Every Thursday it came out. They were watching it. No, I would just say long-term it's not a coincidence that the money supply has done pretty good and the stocks have done well. So, a very long-term basis. But watch it week by week. I don't watch it. KANGAS: You watch it what, quarter by quarter? WEINSTEIN: Absolutely. The trend quarter by quarter is what's more important. KANGAS: OK. And we don't have that anticipation like you... WEINSTEN: ... no. No way. Not every Thursday like it used to be. KANGAS: Very good. Stan, thanks very much for being with us. WEINSTEIN: Always my pleasure, Paul. KANGAS: Great. My guest, Stan Weinstein, the editor and publisher of the widely followed "Professional Tape Reader".

To: kha vu who wrote (51059)	7/18/1999 1:11:00 PM
From: robert pekol	Read Replies (3) \| Respond to of 120523

To Jenna,S.F.,khavu Burjis S.OR ANY OTHER MARKET GEMMERS.I am a gemmer since early July.I have not yet traded but feel ready to get going.If you could be of assistance regarding the following would be greatly appreciated.(1)which online broker or brokers to use?(2)do i need to have more than one broker if i were to trad puts and calls?(3ARE there any other services besides market gems such as qcharts etc. that i should have?I plan on both daytrading and swing trading.I would also like to set up a intermediate and longterm portfolio.Thanks for any advice you may offer. Respectively R.J.P.