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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: Lane Hall-Witt who wrote (118418)	12/7/2000 12:13:01 PM
From: Connor26	Respond to of 120523

Lane - agreed on NTRS split - i was coming with the point of view that i work there and haven't heard any internal rumblilngs (thats not insider info is it? - it would be all speculation around the water cooler!) - a Gore decision will knock this market on its butt? C26

To: Lane Hall-Witt who wrote (118418)	12/7/2000 12:15:17 PM
From: 2MAR$	Respond to of 120523

MARKET TALK: Manugistics Says Nov. Qtr In Line Or Better Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 12:11 (Dow Jones) Manugistics (MANU) - seeking to allay any concerns that might have been sparked by news that one of its clients, VirtualFund.com (VFND), had demanded the return of $2.5 million it had paid - filed a lawsuit seeking $4.5 million from its customer and reaffirmed that the ongoing skirmish will not hurt its financial results. Manugistics said it will report November quarter revenue and earnings "consistent with or exceeding consensus estimates." Stock up 5%. (MLP) 12:05 (Dow Jones) March S&Ps are rangebound, traders say, with solid support seen around the low of 1365. A move under 1362.50 could take the market through the upside gap put in on Weds. The bottom of the gap starts at 1355.50. However, traders say most of the orders going through the market are small lots and are unlikely to jar the market much. (DMC) 11:53 (Dow Jones) Schaeffer's Investment says AMEX Biotech index has reached critical juncture. The barometer closed near its day low on Wednesday, and beneath its 20-day moving average. Longer-term, the index is having trouble holding above its 10-month moving average, and November marked the first monthly close below that trendline since Sept. 1998. (TG) 11:44 (Dow Jones) Treasurys are extending their slide after a slightly weak buyback. The 10-year note is at 5.36%, about 6 bp off its low yield for the day. After several days of rallying, traders seem inclined to book some profits, especially given the risk that an on-consensus or stronger employment report could knock some stuffing out of Treasurys following the strong rally seen in recent days. (SV) 11:30 (Dow Jones) Nymex natural gas trading to resume at 11:30 a.m. ET.. Market stopped trading at 10:30 after Jan. contract fell 75 cents. Trade to resume with 75-cent down limits in effect. (JEE) 11:27 (Dow Jones) Freddie Mac's Robert Van Order says the markets' perception that the Fed may soon lower interest rates caused 30-year fixed rate mortgage to drop to the current 7.54% (for the week ending Dec. 8), the lowest point since July 1999. (JS) 11:20 (Dow Jones) IPO analysts continue to warn investors away from the deals in the pipeline now. Despite Tuesday's gain, "one day on the upside does not an IPO bull market make," says David Menlow, president of IPOfinancial.com. His advice: "Don't spend all your money from that wonderful snowjob rally the market threw at you this past Tuesday." (RJH) 11:15 (Dow Jones) March S&Ps weaker in choppy trade, with rolling of positions the main feature for the session. "I thought we had a chance to go higher when Nasdaq rallied, but the way it has come back, I think we're going to sit here," he says. "Plus, the way we closed yesterday says we haven't turned the corner." (DMC) 11:11 (Dow Jones) Check out the chart on United Technologies (UTX). Note the multi-year base, which has the shares set up for a nice run higher. "A terrific chart in an Old Economy world," says Lehman's Jeff deGraaf. Target is $95. The DJIA component recently changed hands at $75. (TG) 11:06 (Dow Jones) Nov. payrolls seen up 150K, while the jobless rate is expected to edge up to 4% and average hourly earnings are forecast to increase by 0.3%, according to a DJ/CNBC survey. If accurate, these figures would offer added weight to signs of a sharp slowing of the economy. (FL) 10:54 (Dow Jones) Optima Investment Research analysts say today could be a big day for the presidential election because there is a possibility that decisions could come down from today's three court cases: the Florida Supreme Court hearing on the Gore election contest appeal and the trials in Florida circuit county court regarding absentee ballot handling in Martin and Seminole counties. (CMN) 10:52 (Dow Jones) A little more on Best Buy (BBY). Company says it will add wireless technology, computer software and Internet connectivity products to its new Musicland (MLG) stores. BBY has been looking for new ways to grow its business to make up for the expected slower growth from its traditional retail stores in upcoming years. (WEA) 10:42 (Dow Jones) Nymex crude, heating oil prices ease after opening higher on follow-through buying from ACCESS gains. Upward pressure from natural gas fuel switching "didn't appear" analyst says. Heating oil off highs as natural gas fails to match ACCESS gains. Complex expected to trade sideways Thursday, consolidating until market gets news of fundamentals ( resolution to Iraqi crude pricing issue, for example). Jan. crude down 25 cents to $29.60/bbl. (MSX) 10:39 (Dow Jones) Chase H&Q analyst Alex Zisson ups his opinion of Medicis Pharmaceuticals (MRX) to strong buy from buy, citing investors' "overblown" reaction to generic competition to its severe acne treatment. After regulatory approval of a generic Dynacin, investors dumped their shares over three days, leading to a 26% drop. Not only did the Street expect the approval, but baked it into their models. Shares of Medicis recently traded 10% higher. (BMM) 10:35 (Dow Jones) Stocks showing nice resiliency in face of some pretty daunting news. A huge shortfall for Motorola (MOT)? Not a problem. Lower numbers on Microsoft (MSFT)? No big deal. Granted, stocks have been battered enough already, but this would be an encouraging sign, if it only held. DJIA flat at 10668, Nasdaq eases just 3 to 2791. (TG) 10:32 (Dow Jones) Problems for Corvis (CORV)? Credit Suisse First Boston says no. The telecom switch maker is weaker after Broadwing Communications (BRW), a big Corvis customer, inked deal to have Ciena (CIEN) supply gear. Result: Corvis shares down 6%. But CSFB argues that Ciena deal no reflection on Corvis; company doesn't even make the category of product Broadwing getting from Ciena. In fact, deal is complementary to Corvis, not competitive. (ROB) 10:23 (Dow Jones) Best Buy (BBY) navigated through Circuit City's (CC) earnings preannouncement Wednesday in relatively good shape, but it's having a tougher time with its planned buy of Musicland (MLG). The shares are off fully 25% on word of the $685 million deal. MLG up 20%. (TG) 10:16 (Dow Jones) Support to watch on big averages: 10548 on DJIA, 2700 On Nasdaq Composite, and 1333 on S&P 500. If the indexes close below these levels they will have retraced over two-thirds of the rally off Monday's lows. "After that, the next step is usually a test of the low where the rally started," says Scott & Stringfellow's Dick Dickson. "Caution would seem to be the best quality for investors to exhibit today." (TG) (END) DOW JONES NEWS 12-07-00 12:11 PM * end of story *