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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (15916)	4/12/2001 8:51:28 AM
From: 2MAR$	Read Replies (1) \| Respond to of 37746

MERQ Beats Views, But Pru----> Downgrades (bye bye JNPR, hehe) Edited by Ray Hennessey Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 8:50 (Dow Jones) Mercury Interactive (MERQ) beat First Call 1Q earnings estimates by a penny, but Prudential has cut the company to hold from strong buy. Analyst John McPeake says year-over-year revenue growth was the slowest since June of 1998. McPeake didn't change his numbers on the stock, but he expects "less wiggle room." (RJH) 8:44 (Dow Jones) It's rare to fund such certainty about economic prospects as this: Jeff Immelt, CEO-designate of GE (GE), when asked on CNBC about the possibility of missing earnings, said plainly, "There ain't going to be a miss." (RJH) 8:39 (Dow Jones) Overall, Thursday data point to weaker spending, slackening labor market, and low wholesale inflation. Claims now up to almost 400K, and retail sales clearly trending lower. Fed seems to have justification for more easing and inflation isn't in the way (BB) 8:35 (Dow Jones) Consumer spending was weaker than expected. March retail sales down 0.2%, ex-auto down 0.1%. Probably not enough to spark intermeeting rate cut talk, but suggests more easing is needed to prop up consumption. (BB) 8:30 (Dow Jones) Stocks look to open higher, though this morning is likely to be dominated by economic data, notably the one-two punch of producer price and retail sales data, with jobless claims to come later. Anything that might suggest more fears of a recession could rock stocks. Among big-name earnings news, GE (GE) met 1Q operating estimates of 30 cents a share. (RJH) (END) DOW JONES NEWS 04-12-01 08:50 AM * end of story *