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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (14551)	6/19/2000 9:01:00 AM
From: Wally Mastroly	Respond to of 15132

Wall St. wary of warnings Bank, Xerox advisories have investors cautious about 'confession period' June 19, 2000: 8:26 a.m. ET ...NEW YORK (CNNfn) - Investors will be on guard for earnings news this week after some high-profile warnings last week roiled U.S. stock markets. Early indications suggest U.S. stocks will open mixed. While markets reacted to the earnings warnings from Xerox and the regional bank Wachovia last week, there are likely to be fewer earnings warnings than normal this quarter, according to Chuck Hill, director of research for First Call, which tracks Wall Street profit forecast. Hill told CNNfn's Ahead of the Curve program Monday that about 100 companies have issued negative warnings so far, and while he expects that number to eventually top the 225 warnings in the first quarter, it should still be below the 370 companies that gave warnings a year ago. "The peak weeks will be next week and first two weeks of July," he predicted. Overall he believes the second and third quarters will see strong earnings gains, although some interest-rate sensitive sectors such as financial stocks and home furnishings could see results hit..... - ....More at...: cnnfn.com