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To: UnBelievable who wrote (77071)	3/8/2001 9:30:03 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

8:58 (Dow Jones) Think Prudential doesn't like banks? Starts coverage of group with sell rating. Says earnings growth this decade should be only half the pace of last decade - 7% vs. 16% - with half the earnings drivers of the last period gone (loan-quality improvement) or decelerating (efficiency gains). Long-term growth expectations seem unrealistic, and margin of safety is narrow. If you have to own banks, Pru's bias is toward select money centers - Bank of America (BAC), Citigroup (C), and First Union (FTU) - with unique structural change. (TG) 8:49 (Dow Jones) Household International (HI) best financial name Lehman technician Jeff deGraaf sees in sector. The overall group is a concern in the short-term, though, and stops under $52 on Household are "imperative," he says. Separately, he says Comcast (CMCSK) is trying his patience, but $57 is still doable. (TG) 8:38 (Dow Jones) Lehman applauds Yahoo! (YHOO) for bringing in new blood, but reiterated market perform rating, saying shares still expensive and company has business model in transition and very little earnings visibility. 2001 EPS view goes to 16c from 33c. (TG) 8:35 (Dow Jones) Jobless claims fell by 4,000 to 370,000 in the week ended March 3. This was less of a decline than expected and the prior week's level was revised up (from 372K to 374K), so, the net effect is a looser labor market. (JM) 8:32 (Dow Jones) Treasurys had a solid session on Wednesday, but they were able to carve out gains on the France Telecom (FTE) deal and the Beige Book. Today, there's not much on the calendar to sway the market. Also, Friday brings the payrolls report, which also keeps bond trading quiet. The 10-year is up 3/32 to yield 4.90%. (MSD) 8:30 (Dow Jones) Stocks are lookingup again, though not dramatically. The retail sector is posting its February numbers, and Wal-Mart's (WMT) sales topped expectations. Initial jobless claims for the week will be reported this morning, but the Street is really waiting on Friday's data - the nation's unemployment rate and payroll figures. Yahoo! (YHOO) off sharply in pre-market after surprising news. Meanwhile, the performance of major stock indexes hasn't been enough just yet to get the green light from the technicians, many of whom feel the market is just staging a counter-trend move within a down market. Stock futures mixed, Tsys looking stronger. (TG)