Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rainy_Day_Woman who wrote (1592)	2/28/2002 9:19:11 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 1691

8:55AM: Upward revision to Q4 GDP has been a supportive factor for the market as it is consistent with the understanding that the U.S. economy is on the rebound... Presently, the S&P futures are 3.80 points above fair value while the Nasdaq 100 PMI is up 7 points... The improvement in Q4 GDP came from consumer and govt. spending, a thinner trade deficit, and a less severe decline in residential spending. Business investment, though, was revised lower... In corporate news, retailers should be an active bunch today as a number of companies, including TIF, CLE, PLCE, IBI, LTD, MW, TGT, NMG.A and KCP are reporting their quarterly earnings results... For more detail, be sure to visit Briefing.com's In Play and Earnings Calendar pages... Story stocks of note include Gateway (GTW 4.60 -0.83; issued Q1 and FY02 warning), Genesis Microchip (GNSS 31.70 -9.30; downgrades from Prudential and CIBC after a business update call), and eBay (EBAY 51.02 +1.91; upgraded by Morgan Stanley to STRONG BUY from Outperform).