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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Williams who wrote (77707)	5/31/2001 11:43:44 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Chuck, with the consumer still increasing its debt load, and the injection of some $60 B through tax cuts later this year, i do not see us getting two consecutive quarters of negative growth in GDP until late in 2002. Zeev

To: Chuck Williams who wrote (77707)	6/1/2001 8:38:55 AM
From: ajtj99	Respond to of 99985

I have never seen so many new GM trucks & SUV's on the road, and so few new Explorers. GM seems to be taking market share in the truck category right now.

To: Chuck Williams who wrote (77707)	6/1/2001 4:56:11 PM
From: Saulamanca	Respond to of 99985

Chuck, Speaking of trucking, Roadway warned last night. Roadway Corp. (ROAD) 24.75 -2.43: Think what you want about the current state of the U.S. economy, but if you think the economy is strong, we'd suggest you refrain from sharing your opinion with Roadway Corp. After the close yesterday, this provider of less-than-truckload freight services warned that it would be falling short of the Q2 consensus EPS estimate of $0.43 by a significant margin. The company said as much by acknowledging that it expects Q2 earnings to be 60-70% below the yr-ago period when it posted a profit of $0.52 per share. In short, that translates into earnings of $0.16-$0.21 per share for 2Q01. According to Roadway, which transports general commodity freight that includes apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal and metal products, non-bulk petroleum products, rubber, textiles, wood, and miscellaneous manufactured products, continued weakness in the national economy is the reason why tonnage levels are running 13-14% below those of a year ago. As to be expected, Roadway's warning is weighing on other trucking companies such as Consolidated Freightways (CFWY -0.09), J.B. Hunt (JBHT -0.57), U.S. Freightways (USFC -0.20), Arkansas Best Corporation (ABFS -0.39) and Yellow Corp. (YELL -0.33). While Roadway's quarterly warning is troublesome for its own shareholders, the company's claim that it has seen no signs of a turnaround in underlying economic conditions should be even more bothersome for investors in general. Considering the scope of basic products that Roadway transports, that is a telling revelation for two reasons. First, it supports the notion that end demand still remains quite weak-- and not just for technology products-- and secondly, it supports the unsettling view that an economic recovery, and subsequent earnings rebound, won't materialize as soon as the market wants to believe (i.e.before the end of the year).-- Patrick J. O'Hare, Briefing.com briefing.com