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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: Dave Gore who wrote (119029)	12/14/2000 12:48:56 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Hold your WEBM NETE shorts folks marketgems.com. they just broke apart

To: Dave Gore who wrote (119029)	12/14/2000 12:58:19 PM
From: 2MAR$	Read Replies (1) \| Respond to of 120523

MARKET TALK: Stock Bets Pace Strong 3Q Hedge Funds Inflow 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 12:57 (Dow Jones) Investors around the world committed $4.2 billion of new money to hedge funds in the third quarter, nearly replacing the $4.9 billion outflow seen in the second quarter, according to TASS Research. The bulk of the new money, or $3.5 billion, went into long/short equity funds, which seek to profit by making bets against stocks expected to decline in value as well as buying those expected to increase in value. (AMB) 12:46 (Dow Jones) Scott & Stringfellow technical analyst Richard Dickson is still predicting a year-end Nasdaq rally, sloughing off Wednesday's sell-off as a reflection of "general confusion" about the near-term future of interest rates and the economy. "Yesterday represented a continued churning around that we expect will characterize market action through the balance of the year," he says, "though we still think this churning will have an upward bias." 12:32 (Dow Jones) Talk about good timing. On Wednesday, one or more investors bought more than 10,000 put options in United Parcel Service Inc. (UPS), which would allow the holder to sell UPS stock at $60. On that day, UPS shares closed at $62.63. Then Thursday morning, the company issues an earnings warning, which sent the stock to as low as $58 and greatly increased the value of the January 60 puts. A UPS spokesman wasn't immediately available for comment. (GFC) 12:26 (Dow Jones) March Nasdaq holds around unchanged at mid-morning, as technical buying underpins market. "They're not buying because of the fundamentals," one trader says. Rolling of positions from December to March also a big factor of trade, he adds. "What we're seeing is a lot of people trying to make a decision here, whether we're going to see a Santa Claus rally or keep going down," he says. (DMC) 12:19 (Dow Jones) American Enterprise Institute Resident Scholar John Makin says political and procedural realities mean any significant move toward stimulative fiscal policy in U.S. is not going to take place until October 2001, "if then." (JC) 12:07 (Dow Jones) Toysrus.com responds to Prudential note citing inventory shortfall on Amazon/Toysrus.com site. Spokeswoman for Toysrus.com says company's in-stock position "flys in the face of this report." Toysrus.com says in-stock position running at about 85% on top 1500 items. Spokeswoman also notes in-stock information is updated hourly. (TG) 11:52 (Dow Jones) Treasury debt chief Gary Gensler explains why the 30-year bond may not be going away any time soon. "The challenge of Treasury's debt management ... is the inherent variability of forecasts. The need for flexibility in the face of this uncertainty is the primary reason Treasury has continued to issue 30-year bonds," he told Bond Market Association Thursday morning. Could uncertainty be higher as economy slows and Republicans gain power? (JN) 11:46 (Dow Jones) ING Groep (ING), the Dutch insurance and banking giant, expects to cash in on its new scale in the U.S. with its newly completed acquisition of Aetna Financial Services, the life insurance and annuities arm of Aetna Inc. (AET). R. Glenn Hilliard, chief executive of the ING Americas unit, said the unit's goal is to contribute up to 25% of ING's pretax profits in 2001. The Americas unit accounted for 9% of the ING's overall profits in 1999 and should account for about the same amount this year, Hilliard said. (CUB) 11:38 (Dow Jones) March S&Ps are coming off of their lows as technical traders step in to buy. Support seen under the market at 1358-56. "It's not necessarily solid buying that's coming in because we're struggling to go much higher," one floor trader says. He adds a move above 1373 could help to spur more buying. (DMC) 11:26 (Dow Jones) Sen. Byron Dorgan, D-N.D., calls on the Federal Reserve to "reverse course" and lower interest rates at its Dec. 19 policy meeting. Dorgan, a leading Fed critic, said in a speech on the Senate floor that the Fed's series of six interest-rate increases threatens to tip the U.S. economy into a recession. (JCD) 11:17 (Dow Jones) Weak stocks generating flight-to-quality bid for Treasurys, sending Tsys prices higher across the curve. 10-year up 17/32 at 104 7/32, yield down 7 bp to 5.19%. (JNP) 11:11 (Dow Jones) Lehman economist Drew Matus says the as-expected PPI, coupled with the weak retail sales data from yesterday, "gives the Fed room to ease if growth slows further." (MSD) 11:00 (Dow Jones) Secondary offerings are still faring well for the institutions lucky enough to get in on them. SG Cowen sold 4.5 million shares of pharmaceutical company Icos (ICOS) at $37, and the shares recently traded at $39. Medical-products maker North American Scientific (NASI) recently traded at $18.50, above the $17.88 price set on the 2.5 million shares sold by CIBC World Markets. (RJH) (END) DOW JONES NEWS 12-14-00 12:57 PM * end of story *