To: ~digs who wrote (17644 ) 1/27/2004 6:18:38 PM From: ~digs Respond to of 48461 sector info from bloomberg.com... Financials: Consumer confidence came in lower than expected, resulting in a declining market. Financials were down with the exception of Real Estate and Specialized Financials up 1%. Tech declined but the story was Agilent (A $36.19), up 6.72% after co. reported one of its strongest quarters ever and forecasted better things to come with even higher Q1 sales and profits. NVLS reported disappointing revenue estimates, causing its fall. Xerox's (XRX $15.15 +8.6%) total revenue rose 1% but it would have declined 5% if not for weaker dollar. Earthlink (ELNK $9.99 -10%) reported net income of $0.07 per share vs. $0.24 a year ago. Despite adding subscribers and cutting costs (mainly through job cuts), shares declined after it forecasted lower than expected sales. After the close... Electronic Arts (ERTS) beat by $0.06 but guided below consensus. Amazon (AMZN) inline and guided rev. higher Health Care: Quest Diagnostics (DGX $83.24 +6.54%) results were better on higher volume growth of 12% for Q4 with smaller gains in pricing up 3.5%. Consumer Staples: McDonald's (MCD $25.47 +0.75%) bounced back with a 40% jump in earnings from a year ago with net income of $0.35 per share (inline) and 16.8% growth in revenues. Same store sales in Dec. (previously reported) were up a resounding 12.5%, the biggest gain in a long time. IMC Global (IGL $11.98 +15.75%), the world's largest producer of phosphate fertilizer, will merge its business with Cargill. The two companies will create a new publicly traded company. Pepsi Bottling (PBG $26.23 +1.51%) said Q4 earnings rose 30% y/y to $0.26 per share on higher prices of new Pepsi and Mountain Dew products. After the close..Kraft (KFT) halted after reporting 6000 job cuts next quarter. Earnings were inline. Industrials: Caterpillar (CAT $82.30 -3.19%) reported strong Q4 results and provided strong outlook for FY04. Sales rose 20% and earnings were better than expected due to cost cutting, higher metals prices, and a weaker dollar. Metals prices will continue to lead demand in FY04. As such, Asia and Latin America will remain strong. Utilization is very high reflecting the tight supply in mining equipment. CAT forecasts a 6% increase in sales in FY04. One benefactor of Bush's spending was the Defense stocks, which reported strong earnings. Lockheed Martin (LMT $51.15 -2.81%) beat on earnings with sales increasing 15% y/y on fighter-jet contracts. LMT raised guidance for FY04 sales in the range of $33.5-34.5 bln and EPS to $2.40-$2.50. Raytheon Co (RTN $31.63 -1.83%) reported strong number on gov't and defense bookings of $7 bln for the quarter, backlogs rose 20% to $25 bln. Forecasts a 10% rise in backlog in FY04. Ingersoll-Rand (IR $68.15 -4.65%) Q4 earnings rose 8%, revenue rose 10% led by strong Bobcat machinery sales. Energy: Valero Energy (VLO $53.92 +0.88%) reported Q3 profit rose 48%. This oil refiner processed 15% more oil y/y, helped by a purchase of Norco plant in Louisiana. EPS of $1.05 beat by over 8%. Refining margins averaged $4.78 this quarter, up from $4.73 in Q4 FY02. Materials: Higher raw materials costs put a damper on DuPont's (DD $42.62 -1.07%) results. Natural gas and oil hit new highs during the quarter, which makes up a substantial portion of its costs. A NZ newspaper reported that Newmont Mining (NEM $42.52 +1.82%) is assessing bids for its Martha Hill gold mine worth $50 mln. Gold rose for the first time in 5 sessions, up 0.84% to $410.10 on USD$ declines.