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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: nokomis who wrote (105531)7/5/2000 12:28:08 AM
From: nokomis  Respond to of 120523
 
July 3, 2000

Money & Investing

Second-Quarter
Stock Performance

Best large-cap issues, in percentage change
Stock 6/30 Close % Change from 3/31 Notes
1. Millenium Pharmaceuticals $111.88 +72.28% Working to develop drugs based on genetics
2. Sepracor $120.63 +65.67% Gets FTC approval to license Prozac-like drug
3. Cardinal Health 74.00 +61.31 Announces stock buyback
4. Eli Lilly 99.88 +59.48 Strong roster of new drugs
5. ADC Telecomm. 83.88 +55.68 Makes acquisition to build up its fiber-optics business
6. Avon Products 44.50 +52.14 Reports strong sales
7. Alcatel 66.50 +51.78 Telecom stocks rally
8. Allergan 74.50 +49.00 Reports solid earnings
9. Bestfoods 69.25 +47.93 Acquired by Unilever in takeover battle
10. Johnson & Johnson 101.88 +45.02 Enthusiasm for pharmaceuticals
Worst large-cap issues, in percentage change
Stock 6/30 Close % Change from 3/31 Notes
1. Citrix Systems $18.94 -71.42% Warns second-quarter profit will be half of expectations
2. Novell $9.25 -67.69% Net income drops 20%, projects sluggish sales
3. Covad Communications 16.13 -66.64 Won't meet subscriber targets for this year or next
4. Engage Technologies 12.94 -66.09 Becomes strapped for cash
5. Phone.com 65.13 -60.08 Suffered losses as technology stocks corrected
6. Qualcomm 60.00 -59.82 China says it won't buy CDMA cell phone technology
7. CMGI 45.81 -59.57 Slides with many of the stocks it invests in
8. DoubleClick 38.13 -59.28 Regulators investigate privacy issue for online advertisers
9. Internet Capital Group 37.02 -59.01 Has large stakes in B2B companies
10. EchoStar Communications 33.11 -58.09 Enters into lawsuit with Hughes Electronics
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URL for this Article:
interactive.wsj.com

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To: nokomis who wrote (105531)7/5/2000 8:55:40 PM
From: Rick C.  Respond to of 120523
 
< Despite Drops,Some Fund Mgrs Still Preach Huge Tech Boom >

Nice article, Nok, but if you look at internet and many technology stocks, by damn I call that a crash! I guarantee if you owned ICGE at 200+ and saw it go to 20, then I am out of play for a long period of time.

Now the next problem should be the index funds. It may take until August or October, but these people are going to panic at some point in time -- just like they did in Japan. Those people were investors and savers. Before it was all over, they never wanted to see another stock!

Don't you love it when they say we have never closed below the previous year's low on the Dow since 1982?! Right -- Put Sears, Goodyear, Woolworth, Bethleham Steel back in and see what you get!!

The economy changes. And the market changes. And thank God for Bill Gates, Steve Jobs, Hewlett Packard, and a whole bunch of other folks who have kept us in the lead in the technology race! Employment reports come and go, and then they are revised anyhow... I just hope Greenie doesn't chop-off the head of the golden goose and let the rest of the world catch-up with us.