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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (16841)	1/22/2001 8:40:44 PM
From: Tunica Albuginea	Respond to of 24042

The StreetCom: "Feeding Frenzy: Bulls Encouraged by Hoped-For Fed Easings Gorge on Stocks ". "Feeding Frenzy: Bulls Encouraged by Hoped-For Fed Easings Gorge on Stocks ". Brian Belski, fundamental market strategist at U.S. Bancorp Piper Jaffray in Minneapolis: thestreet.com Along with Intel (INTC:Nasdaq - news) and JDS Uniphase (JDSU:Nasdaq - news), Belski recommends Dell as his favorite "mega-cap, varsity A-team players" in tech/telecom. The "premier names" in the sector are back in favor because their liquidity offers investors the ability to "reverse course if the market/sector turns sour again, yet participate on the upside while the current trend is in vogue," Belski said. (His firm has not done underwriting for Dell, Intel or JDS Uniphase.) In terms of Dell's actual business outlook, an admittedly simple (and optimistic) way to look at Fed easing is that it will allow companies to more readily raise money in the debt markets, and they can use those funds to buy more PCs and related equipment. On the retail front, Fed easing already has put funds in consumers' pockets through mortgage refinancings. At current rates, refinancing activity could save consumers around $10 billion in interest costs this year, according to Merrill Lynch chief economist Bruce Steinberg. "The additional 100 basis points of Fed ease that we expect should support more refinancing activity during the first half," wrote Merrill chief U.S. investment strategist Christine Callies in a separate report. Lower monthly mortgage payments and workers' continued optimism about the job market (despite the layoff announcements) "are reasons why the consumer side of the economy is probably resting, not dead." ======================================================== back tomorrow, TA