To: Jeff Jordan who wrote (252 ) 9/28/1999 8:55:00 PM From: Jeff Jordan Respond to of 604
I found my source.... nyse 26 new highs....238 new lows this is a slight improvement from yesterday!cbs.marketwatch.com Negative Earnings Surprises Symbol Estimate Actual Surpr% SCSWF 0.29 0.22 31.82 Index Last Change DJIA 10275.53 -27.86 Nasdaq 2756.25 -5.50 S&P 1282.20 -1.11 December Gold 310.00 +26.20 December Crude 24.05 -0.24 30 Yr Yld 6.06 +0.04 Euro 1.05 +0.04 Analyst Upgrades...................... Symbol Broker To From BEC Wasserstein Perella Strong Buy Buy AET Prudential Strong Buy Accumulate UIS PaineWebber Attractive Neutral ABX Lehman Brothers Outperform Neutral STN Schroder & Co Outperform Perform In Line Analyst Downgrades ................ Symbol Broker To From COP JC Bradford Buy Strong Buy ANSR Southwest Securities Accumulate Buy ANSR Raymond James Accumulate Buy HWP Josephthal & Lyon Hold Buy AET Goldman Sachs Market Outperform Recommend List S&P Analysts' Actions By -- S&P Personal Wealth Tuesday September 28, 8:45am PT — Consolidated Products (COP): Downgraded to 3 from 4 Analyst: Steve Tekirian Comments: Co. expects FY Q4 EPS slightly higher than last year's $0.21, below our $0.24 estimate... Attributes shortfall to increase in labor costs and deceleration of new store openings... Co. reevaluating expansion strategy, citing challenges associated with planned 20% increase in units... As result, COP expects to open 40 new locations in FY 00 (Sep.), down 20% from previous plan... With menu price hikes not offsetting wage pressure, and with less aggressive growth strategy, COP no longer attractive for purchase. Adobe Systems (ADBE): Upgraded to 5 from 4 Analyst: Scott Kessler Comments: Leading provider of graphic design, publishing and imaging software poised to post 20% annual rev. growth... See new InDesign product accounting for more than $135M in FY 00 (Nov.) revs... Aug. '98 restructuring resulting in more effective cost controls, product management and consistent earnings... With the Web standard for document transmission, very bullish on Net business (over 30% of revs.).. Robust market opportunities, strong product pipeline, extensive venture investments and excellent fundamentals warrant purchase. Extreme Networks (EXTR): Reiterate 4 Analyst: Mark Basham Comments: Rise likely related to commencement of trading of competitor Foundry Networks after pricing of that company's IPO at $25 per share... Highlights attractive growth prospects for industry, and EXTR... Also, think some see short-term buying opportunity in EXTR, after shares traded down during last week's steep market decline.