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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (12681)	7/12/2002 1:19:39 PM
From: Bill Harmond	Respond to of 57684

Equity Strategy : Prudential adjusts their sector weighting in wake of mkt weakness and raises their Infromation Technology weighting by 7% to 16%; lowers their weightings on Consumer Discretionary (by 1% to 17%), Consumer Staples (by1% to 12%), Energy (by 1% to 5%), Healthcare (by 2% to 11.5%), and Utilities (by 2% to 3%). Like Morgan Stanley's Barton Biggs (see In-Play for details), firm believes now is the time to get more aggressive in equity allocations; notes that stock prices fell yesterday to levels they first hit in June 1997 (when the economy was 28% smaller) and that earnings are improving (expects the vast majority of cos will beat their Q2 forecasts).