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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: Jerry Olson who wrote (75152)12/13/1999 9:24:00 AM
From: Doug Robinson  Respond to of 120523
 
More positive news for the brokerages. Schwab Nov. volumes: Up 41%

By Emily Church, CBS MarketWatch
Last Update: 9:07 AM ET Dec 13, 1999 NewsWatch

NEW YORK (CBS.MW) -- Online trading volumes soared 68 percent in November at discounter Charles Schwab over the year-ago period, the discounter said in an influential trading report Monday.

The average daily trading revenue (or commission) trades were up 41 percent over October, Schwab said in the report.


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Updated:
12/12/99 6:19:38 PM ET



Analysts like Jim Marks at Credit Suisse First Boston had been looking for gains in average daily revenue (or commission) trades of between 40-50 percent in November -- when overall Nasdaq stock market volumes sailed on strong Internet and technology stock gains.

Schwab (SCH: news, msgs) shares ended down 9/16 to 38 7/16 ahead of the report on Friday.

The online brokerages, which have been on a tear on expected higher volumes last month, may receive another boost on Monday from the Schwab report.

E-Trade (EGRP: news, msgs), Ameritrade (AMTD: news, msgs). TD Waterhouse (TWE: news, msgs) -- to name a few -- have been gainers on strong volume expectations for the industry.

Schwab also said customer assets rose 6 percent in November to $663 billion.



To: Jerry Olson who wrote (75152)12/13/1999 9:29:00 AM
From: SMALL FRY  Read Replies (1) | Respond to of 120523
 
Good morning all! Back in the hunt today... look like PAGE,SBAS, ETYS and good ole DELL leading the rate packs in NAZ pre-market this AM.

SF

PS: E-finance will take off again it seems... AMTD, EGRP, NITE, etc.

SOX is perking... good for AMAT, LRCX, KLAC, KLIC and NVLS value buyers.



To: Jerry Olson who wrote (75152)12/13/1999 10:12:00 AM
From: kendall harmon  Read Replies (3) | Respond to of 120523
 
RSAS looks very good, positive comments from Cowen and the stock is making higher highs