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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: Jenna who wrote (84950)	2/27/2000 4:10:00 AM
From: Jenna	Respond to of 120523

Earnings play for March 16: AXA and global giant that is coming back: SKM with a significant MACD breakout. (NYSE: SKM - news) from South Korea. . During the fourth quarter the stock rallied over 272%. The late-year rally occurred when SK Telecom announced it was acquiring a controlling interest in a competitor, Shinsegi Telecom. The acquisition raises SK Telecom's share of the Korean mobile phone market to over 60%.' Next resistance a break above the 20 day moving average will be at 66 but more significant resistance will be broken at 69, from which AXA could move to higher ground. Last company I picked up for 6 months was BCE and never looked back. AXA would constitute a longer term hold so its not necessary to rush into it. Axa's 1999 revenue rises 17.4 percent By Gareth Vaughan, CBS MarketWatch Last Update: 11:59 AM ET Feb 7, 2000 NewsWatch PARIS (CBS.MW) -- Axa SA, the world's biggest insurer, said Monday its 1999 revenue rose 17.4 percent from 1998 boosted by a 50.3 percent increase in revenue at its asset management business. U.S.-listed shares of Axa Axa (AXA: news, msgs) said its consolidated revenue rose to 66.5 billion euros ($65.2 billion) from 56.7 billion euros ($55.61 billion). The French company said its 1999 revenue figure included 8 months of data for some of the British insurer Guardian Royal Exchange's (GRE) subsidiaries In February 1999, Axa paid $5.6 billion for GRE. Last March the giant insurer reported a 27 percent rise in 1998 net income after taxes, to $1.68 billion.. Revenue from Axa's asset management business surged to 1.94 billion euros from 1.3 billion euros. Axa's life insurance revenue rose 14.3 percent to 37 billion euros from 32.4 billion euros and revenue from its investment bank Donaldson, Lufkin & Jenrette climbed 23.6 percent lifted by growth in its financial services division and fees from merger and acquisition activity, the company said. The French insurer said it estimates that the storms which ravaged western Europe in late December will cut roughly 100 million euros off its 1999 net income. However, Axa spokesman Christophe Dufraux said this won't change the company's earnings per share figure which it has said will grow by at least 15 percent for the 1999 year. . >>>>> AXA is global power in asset management and life insurance that is constantly on the acquisition path. It is the third largest insurer in terms of revenue, and the world's third largest asset manager with more than $600 billion under its control. In addition, it is France's largest non-life insurer and third largest life insurance firm. AXA operates in 50 countries. It increased its stake in Belgium's royale Belge insurer to 98.75 and won the fierce bidding for guardian Royal Exchange, Britain's fifth largest insurer, for $5.67% billion in 1999. Both are considered stepping stones in its quest to be the world's foremost insurance company. Axa had acquired the then troubled and certainly undervalued Equitable Life in 1991 at a bargain or $1 billion and turned around its earnings. In November Allianz was challenge for its top position in world insurance rankings when France's AXA bought control of Japanese firm Dippon dantai. AXA also virtually 'stole' a market in asset management - a business widely forecast to boom if Europeans and Asians rush to invest in private pensions and switch their savings from bank deposits to equity and bond markets. AXA has moved to the number one spot over Allianz, Germany with 55.4 billion in income.. Earnings will be a strong 19% average growth rate through 2002. Earnings were up significantly in 1998 due to sharply higher life insurance earnings in the U.s., Great Britian and Asia . Further improvement in French life insurance earnings and strong growth from both Equitable and Sune Life should give a boost to future results and put AXA on a course to equal the superior profibability of rival American International Group.