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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (40241)	8/14/2001 10:07:27 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

Cybersaavy chart: saavycharts.com

To: Dealer who wrote (40241)	8/15/2001 8:46:10 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Shares poised for small upside By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:13 AM ET Aug 15, 2001 NEW YORK (CBS.MW) -- Stock prices are set for a modest lift at the open Wednesday ahead of a handful of economic reports and as investors ponder earnings news that hit after the close Tuesday. September S&P 500 futures rose 0.70 point, or 0.1 percent, and were trading about 3.10 points above fair value, according to HL Camp & Co. And Nasdaq futures added 5.50 points, or 0.3 percent. Among shares trading before the opening bell, BEA Systems (BEAS) gained 60 cents to $19.20 in Instinet dealings. The software outfit registered late Tuesday a second-quarter profit of 10 cents a share, topping the Wall Street estimate by a penny. But BEA said due to the weak economy, it expects flat revenue in the third quarter and warned that it sees low to mid-single digit percent sequential growth in the fourth quarter. And BEA now predicts it will make 39 to 41 cents a share for the full year vs. the 41 cents a share that had been projected by Thomson Financial/First Call. And Applied Materials rose $1.25 in the pre-market to $44.90. The company (AMAT) reported after the close Tuesday a fiscal third-quarter profit from operations of 5 cents a share, surpassing the Wall Street consensus estimate by 2 cents. The chip equipment maker said it expects revenue and orders in the fourth quarter to be flat with those just reported but said AMAT will remain profitable. The company also indicated it believes orders are bottoming and is looking for a modest improvement in early fiscal 2002. Treasury focus Treasury prices were a sliver higher in early action, with the 10-year note up 1/8 to yield ($TNX) 4.96 percent while the 30-year government bond added 3/32 to yield ($TYX) 5.50 percent. In economic news, Wednesday will see the release of June business inventories, seen slipping 0.3 percent, July industrial production, seen declining 0.2 percent, and capacity utilization, which is expected to come in at a 76.7 percent rate. and economic calendar and forecasts. In the meantime, the dollar continued its descent against the major currencies. Dollar/yen tumbled 1.3 percent to 120.17 while euro/dollar climbed 1.2 percent to 0.9129.