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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (36188)	2/16/2002 4:01:30 PM
From: j g cordes	Respond to of 67845

"Next week's earnings calendar will be marked by releases from the retailers. Among those reporting their quarterly results: Wal-Mart, Abercrombie & Fitch, J.C. Penney, Nordstrom and Liz Claiborne. Other releases dotting the calendar include: ADC Telecom, Agilent Technologies, Ciena, BEA Systems, Nextel Communications, Duane Reade, King Pharma, Aetna and DaimlerChrysler. Thomson Financial/First Call said the pace of positive pre-announcements continues to improve. The earnings tracker said there have been 469 pre-announcements for the first quarter so far, with 139 positive, 91 in line, and 239 negative. In absolute numbers, negatives are running well behind each of the quarters of 2001, First Call said. And positive pre-announcements are outpacing those experienced during the first quarter of 2001 by 98 percent and are 36 percent above those posted in the second quarter and 46 percent above the third-quarter's pace. Standout groups raising their outlooks include technology -- mainly the major players -- and a handful of retailers. On the negative side, drug companies, industrial outfits and smaller technology firms -- mostly in the semi equipment and contract manufacturing segments -- are lowering their outlook. First Call said the second quarter of 2002 will not only mark the upturn of the cycle, but will be better than had been anticipated at the start of the year. "The question remaining is not when the recovery will come, but rather what the slope of the recovery will be in the second half of 2002," the earnings compiler concluded in its weekly research note. " CBS commentay