<<T reit outperform, AOL/Time Warner merger has several positive implications for T's valuation & long term strategy >>street recommendations today
<<KLIC reit buy, raised target from $60 to $80, recent Dataquest's outlook for a 43% year-over-year growth of the front-end equipment market in '00
ALTR reit buy, target $75, programmable logic leaders
XLNX reit buy, target $55, the largest & currently fastest growing programmable logic leader >>
CPWR reit strong buy, SBI, target $50, select list, pre-release 3Q EPS will meet or exceed estimates, service revenues and margin shortfall made up for by expense controls and in-line software sales
<<PCLN reit strong buy, target $80, several major Boston based investment firms bought 7M shares in a private placement at 5% discount of market
<<AOL downgraded from buy to outperform, lowered target from $105 to $85
<<EDS reit buy, target $70/$75
EDS reit buy, target $70/$75, maintain '99 & '00 estimates of $1.90 & $2.25 respectively, Abiba alliance is taste of catalysts to come, positive news
<<MARKET A deal Inferno coming our way. The surf is up, it's huge and all players are now heading for the once in a lifetime merger party. I mean Carramba! In an unheard of, reversal of fortune with grande back to back, 155 and 167 point gains the Nasdaq quickly went from death watch to, What was my problem? Today look for a Dow, S&P led cyclical catch up with the positive sentiment momentum wave there riders to enjoy. Buyers below the bid the call. The legendary reversal of this magnitude only speaks of the inside power of this market. S&P futures very dangerous below 1472. Like on the Long Side - CORL, EPTO, XNET, SOS
<<THE LEIBOVIT LINE 900-820-0877 VRSURVEY.COM
Well, with the first five days of January are behind us and according to Yale Hirsch's early warning system it is still a bit early to flash a buy signal for the month and possibly for the year. The S&P has yet to close above its December 31 level. The Dow Industrials, however, have made it and we're all anxiously awaiting to see whether the Nasdaq can continue perform acrobatics and leap into new highs itself. Yesterday's trading was pretty impressive, though it was disappointing to see volume slow to the upside in some indexes. Breadth, however, was positive and leadership coming in the form of IBM, HWP, QCOM, DIS was also positive. It is still very much a stock pickers market and I'm overwhelmed by the trading opportunities that develop day to day. Many low-priced (penny stocks) like WDC, WAVC, IOM, USON, CYTO, GNLB, and MPVIF to name a few are attracting investor interest. Normally, this is not a healthy sign and a warning that things are getting frothy. But, so many 'market rules' have been broken up to this time, I'm inclined to throw my hands in the air and simply take it a day at a time. The intra-day record high in the Dow Industrials yesterday stood at 11,765.17. I was projecting a rally to 11,900 or thereabouts so we should soon be encountering some resistance. |
