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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 (100980)	6/7/2000 3:48:00 AM
From: J_K	Respond to of 120523

Jenna, what's your take on ITWO? I shorted yesterday. Thanks, Jrgen

To: Jenna who wrote (100980)	6/7/2000 5:16:00 AM
From: lee kramer	Respond to of 120523

(OT) Red Sox beat the Marlins 4-3. Yankees keep pace with 8-1 thrashing of Montreal. Yankee bats coming alive lately. (Lee)

To: Jenna who wrote (100980)	6/7/2000 8:14:00 AM
From: drsvelte	Respond to of 120523

Relevant to today's watchlist.... by Herb Greenburg of theStreet.com "Baby with the bath water department: Tuesday's slowdown in sales at Circuit City (CC:NYSE - news - boards) had the typical knee-jerk ripple effect of blasting the stocks of all electronics retailers. There's little question the economy is slowing and there's little question a slowing economy and higher interest rates aren't generally considered good for electronics makers. The most notable slowdown at Circuit City, however, wasn't with electronics; it was with washing machines. Was that a good reason for companies like Ultimate Electronics (ULTE:Nasdaq - news - boards), Tweeter Home Entertainment (TWTR:Nasdaq - news - boards), Best Buy (BBY:NYSE - news - boards) and RadioShack (RSH:NYSE - news - boards) to get whacked? Maybe if you're in them for a JJC-like trade. But at least one plugged-in (sorry!) hedge fund manager I know, who is long both Ultimate and Tweeter, says that while these stocks may experience short-term volatility, they're still turning in high single-digit and low-double-digit comp store sales. And over the longer term they stand to benefit huge from the ramp-up of the purchase of digital products by consumers. It doesn't matter if you're talking about DVD players, satellites, digital cameras or digital TVs, he says. "You could look at this as the business value of Circuit City being down 24% based on a flat month of comps, or you can look at it as what will happen to consumer electronics over the next five years. Rather than pick winners and losers, i.e., which product will be the next hot thing, there is a case to be made that the retailer is the pipe through which this will be sold. We don't know what they'll buy, but the bulk will be sold at retail." He goes on to say that DSL and cable companies, unable to install their systems fast enough, will increasingly turn to retailers. "The cable companies shunned retailers for five years," this hedge fund manager says, "now they need them." And you thought this column never wrote anything positive. (But wait, there's likely to be more; I'm hearing so many new value stories that it's hard to shake them out. The trick, of course, is determining which ones deserve to be shaken out. As George Mannes pointed out in his Internet piece yesterday, just because a stock has fallen doesn't necessarily mean it's a good buy.)"