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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (84315)	8/18/2000 6:44:58 PM
From: Night Writer	Read Replies (2) \| Respond to of 97611

Compaq makes positive money flow list again. NW US Equities Outlook: All eyes will be on the Fed By Frank Sakdalan, BridgeNews New York--Aug. 18--The U.S. stock markets are expected to maintain their neutral stance on Monday ahead of the Federal Reserve's meeting to decide the direction of interest rates. Trading will likely remain light and quiet amid an absence of economic news and an audience reduced by summer vacations. * * * Equities futures ended Friday with an upside bias for technology issues. S&P 500 futures edged down 2 to 1500 in Chicago trade, but 3 points above fair value, indicating a slightly bullish bent on the close. Nasdaq 100 futures fell 12 to 3835. Fair value is at 3825. Dow futures inched down 0.16 to 11,095, with fair value at 11,084. U.S. Sep Treasury bonds traded higher by 10/32 to 100 2/32 on the day. The yield on the 30-year cash bond slid 0.02 to 5.69%, while the rate on the 10-year note fell 0.03 to 5.77%. MARKET COMMENTARY Alan Ackerman, senior vice president at Fahnestock & Co., said stocks retreated as the market moved "cautiously ahead" of the Federal Open Market Committee meeting on Tuesday. "All eyes will be on the Fed, even though the FOMC is not likely to raise interest rates," he said. At the same time, he said, "there are lingering concerns that a slowdown in the economy will lead to a slowing of earnings growth in the third and fourth quarters." Ackerman also said that another factor that could offset the market is the rise in crude oil prices. "The direction of energy prices is something not to be ignored," he said, adding that some investors are beginning to worry whether "higher interest rates and higher energy prices will become a combustible combination." The issue of rising energy prices was highlighted Friday morning when the Commerce Department reported that record oil imports, at their most expensive in over a decade, drove the U.S. trade deficit to a record $30.6 billion in June, widening 1% from May. UPCOMING ECONOMIC & EARNINGS REPORTS There are no economic reports scheduled for Monday, the eve of the Federal Open Market Committee meeting to discuss the direction of short-term interest rates. The general consensus is for the FOMC to leave rates unchanged. Companies expected to release earnings results on Monday include Engineered Support Systems (EASI), H&R Block (HRB) and Medtronic (MDT). FRIDAY'S MARKET The Dow edged down 9.16, or 0.08%, to 11,046.48. Volume on the NYSE was light at 817 million shares. Decliners beat advancers 16 to 11. The tech-heavy Nasdaq 100 fell 23.25, or 0.61%, to 3807.34. Volume on the Nasdaq was moderate at 1.44 billion shares as losers topped winners 20 to 18. The Wilshire 5000 slid 34.07, or 0.24%, to 13,907.14. Leading the market higher were electronics, retail, automobiles and healthcare issues. Tobacco, trucking, biotechnology and oil/drillers issues slid. MONEY FLOW Non-block money flow into listed stocks, or the net dollar amount of up and down ticks for trades of fewer than 5,000 shares, was a solidly bearish $79.1 million. Among NYSE issues, funds sailed most into Compaq Computer (CPQ), Hewlett-Packard (HWP) and Nortel Networks (NT). Pfizer (PFE), General Electric (GE) and Verizon Communications (VZ) saw the biggest outflows. -----------------------Snip--------------------------

To: Night Writer who wrote (84315)	8/18/2000 9:52:27 PM
From: MikeyT	Respond to of 97611

Didn't SSB analyst said 25 was top<G>? Mikey