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Strategies & Market Trends : the Women of SI -- Ignore unavailable to you. Want to Upgrade?

To: Rainy_Day_Woman who wrote (1590)	2/26/2002 8:52:36 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 1691

8:40AM: The futures are pointing to a slightly higher open on positive earnings...Home Depot (HD 52.07) beats consensus estimates and reaffirms Q1. However, competitor Lowe's (LOW 47.49) is downgraded to Hold from Buy at Prudential on valuation....All eyes will be on Consumer Confidence report at 10 ET. Modest gain should continue as Conference Board's index retraces a far larger recession plunge than U Mich index. January should be highest level since the 9/11 attack, Aug at 114.0...European stocks were strong thanks to better than expected German business confidence report.... Current indications: S&P 500 futures are +0.40, or 0.4 pts above fair value. Nasdaq 100 is +10, or 8 pts above fair value, Nas 100 PMI +5.