Date: Wed, 16 Sep 1998 21:49:02 -0400
To: BobSevTn42@worldnet.att.net (Market_Enthusiasts )
From: jennifer@gobonds.com (Jennifer)
Subject: GoInvest Weekly
X-Loop-Detect: 1
Hello Market_Enthusiasts ,
Welcome to GoInvest Weekly for the week of Sept. 16, 1998,
brought to you by:
goinvest.com
For BREAKING NEWS And Up To The Minute Financial And Economic
Information:
goinvest.com offers free Reuters news service, charting,
economic reports, International currency data, and more.
Feel free to forward this to friends, family, and colleagues.
If you were forwarded this edition and would like to subscribe to ensure you
receive GoInvest Weekly on a regular basis, send email to: jennifer@gobonds.com
with "subscribe" in the subject.
If you wish to unsubscribe to this service, reply to this email with
"unsubscribe" in the subject.
__________________
__________________
IN THIS ISSUE
------------------
1) Market News
2) Technology And Tech Stocks
3) Personal Finance And Mutual Funds
4) Y2K News and Analysis
5) Events That Could Move The Market In Coming Weeks
__________________________________________________________________
MARKET NEWS
------------------------------------------------------------------
Stocks In The News
bloomberg.com
quicken.com
Market Wrap Up. Which sectors were strong?
Which sectors were weak?
briefing.com
News That Could Affect Particular Stocks Tomorrow
bloomberg.com
Recent Commentary From Newsletter Writers
marketrap.com
What Have Insiders Been Up To?
cda.com
Links To The Star Report:
You might be tired of the mess in Washington, but its in the
news and Wall Street will be paying attention to any new
developments.
house.gov
thomas.loc.gov
access.gpo.gov
_________________________________________________________________
TECHNOLOGY AND TECH STOCKS
-----------------------------------------------------------------
For Hot Stocks That Are Moving The Markets:
goinvest.com
THE HERRING 100
The best private and public technology companies of 1998.
by Jason Pontin
herring.com
Waiting For Yahoo! To Get Cheaper
by Tiernan Ray
smartmoney.com
A Bearish Outlook For The Tech Sector In The Near Term
Report Warns Of Valley Recession
by Reuters
"Silicon Valley could fall into a recession by early 1999 because
of its high dependence on technology exports to Asia, according
to the study, conducted by the Milken Institute, a nonprofit think
tank chaired by former junk bond king Michael Milken."
news.com
Two Tech Heavyweights Give A More Bullish Outlook
Oracle's 1Q Profits Beat Estimates
by Sergio G. Non
internetwk.com
Intel Issues Bright Outlook
by CNNFN
Intel Corp. surprised Wall Street Thursday by telling investors
third quarter revenues will be better than expected, reflecting
stronger than anticipated demand in North America and Europe.
cnnfn.com
A Longer Term Bullish Outlook For E-Commerce
Market Spotlight: Grocery Shopping Online
"Experts forecast that online grocery sales will reach at least
$1 billionby the year 2000. Andersen Consulting estimates that
the online market for groceries and related expenditures - such
as stamps, dry cleaning and film developing - could reach
$85 billion by 2007."
thestandard.com
Some Exciting Developments In Digital Imaging
Kodak, Intel Team On Chips, Photo CDs
by Stephanie Miles
"Later this month at an industry event, Kodak and Intel will
detail a plan to offer consumers digitized photographs on CDs and
elaborate on a digital camera technology based on a lower-cost
design, the first fruit of their six-month-old digital imaging
alliance."
news.com
Screen Matches Printed Page
by Reuters
"Scientists at IBM Research said they have developed a new
flat-panel computer display that allows users to see text
and images with 200-pixel-per-inch clarity that is virtually
indistinguishable from the printed page."
news.com
In A Related Story:
IBM Readies ThinkPad With High-Resolution LCD Screen
by Ephraim Schwartz
infoworld.com
GE Brings Another Thing To Light
by Reuters
"General Electric says its new LightSpeed scanner produces
faster and more detailed images than competing products and
eventually will broaden applications of the technology."
news.com
Other Tech News
Pirated Windows 98 Found In China
by Reuters
news.com
Internet Swamped Looking for Report
by Chris Allbritton
wire.ap.org
_________________________________________________________________
PERSONAL FINANCE AND MUTUAL FUNDS
-----------------------------------------------------------------
Some Words Of Advise To Help You Cope With Market Downturns
"Be realistic about the downside of an investment.
Expect the worst to be much more severe than your initial
projection."
-David Dreman, financial adviser and value investor
Straight To The Source
by Stephen S. Johnson
Information on Dividend Reinvestment Plans - DRIPs
forbes.com
forbes.com
When To Take Profits
by David Goldman
abcnews.com
Some Information Regarding Diversified International And
Regional Funds
Fund vs. Fund: Two Foreign-Stock Up-and-Comers
Josh Charlson of Morningstar compares American Century-20th Century
International Growth and Fidelity Diversified International.
morningstar.net
Investing Overseas: A Look at Funds That Have a Regional Focus
by John Markese
aaii.org
__________________________________________________________________
Y2K SITES OF THE WEEK
------------------------------------------------------------------
Special Report On Y2K By ZDNET
zdnet.com
Y2K Spells One Big Traffic Jam
by Spencer E. Ante
"In the first Senate committee hearing to discuss the
millennium bug's impact on the nation's airports, railways,
waterways, and roadways, the consensus on Thursday was that
major disruption of US transportation was inevitable."
wired.com
Y2K: The Disclosure Dilemma
by Thomas Hoffman
"Next month represents the first time many companies are being
asked to meet tougher Y2K disclosure requirements the Securities
and Exchange Commission (SEC) imposed in late July. But do not
expect corporate America to suddenly begin disclosing much beyond
the boilerplate legalese they have been revealing for the past year.
Corporate lawyers will not let that happen."
intellectualcapital.com
Embedded Trouble-
by Srikumar S. Rao
"The year-2000 Scaremongers May Just Be Right About One Thing:
Special-Purpose Microprocessors."
global.forbes.com
They Plan For Disaster; They Expect Little Better
by Peter Lewis
"A recent report by Stamford, Conn.-based Gartner Group found that,
with a year and a half to go, many companies are still behind on
their projects to fix the problem -
Of the 15,000 companies and government agencies surveyed, 23
percent had not started a millennium project, and about 80 percent
of those were small businesses, the research firm said. Less than
a quarter of the companies have begun to research how their
computers depend on data from other companies they deal with, and
only 11 percent have started to look at embedded chips that may
contain the date bug."
seattletimes.com
_________________________________________________________________
EVENTS THAT COULD MOVE THE MARKET IN COMING WEEKS
-----------------------------------------------------------------
Federal Reserve Chairman Greenspan and U.S. Treasury Secretary
Robert Rubin appeared today before the House Banking Committee
to shed some light on the global economy. Let me tell you, it
was riveting television.
In his Sept. 4 speech at the University of California in Berkeley,
Greenspan seemed to suggest that the Fed's next interest move will
be an easing, but he did not give an indication to the timing of
any Fed activity. Wall Street was hoping to get a friendly
confirmation of that stance by Greenspan today, but it was not
forthcoming. He was also asked about the possibility
of a coordinated interest rate cut by the G-7 central banks.
Mr. Greenspan said that was not under consideration.
Wall Street was optimistic the Fed would cut rates at their
meeting later this month, but from his testimony to the House
Banking Committee, Greenspan seemed to indicate more of a neutral
stance by the Fed, at least for the upcoming meeting.
Wall Street will be on Fed watch for the rest of the month.
Wall Street will also pay more attention to the prospects of
a slowing economy and reduced corporate profit growth.
Can the U.S. Economy Hold Up?
by Justin Fox
There's still a good chance it could. In a chaotic world, the
U.S. remains a rock of stability. But the risk is rising that
America, weighed down by mounting troubles abroad, will finally
see its long boom end.
pathfinder.com
Stocks Dream Of Rate Cuts
by Malina Poshtova Zang
"Expectations that U.S. interest rates are headed lower helped
support the market, while disappointment that rates might not
fall in Europe, despite the global financial rout, soured some
of the bulls' optimism."
cnnfn.com
How To Pinpoint The Next Recession
by Gerri Willis
Smart Money Magazine analyzes several economic indicators that
give some insight to the health and direction of the U.S. economy.
smartmoney.com
President Clinton gave an important speech on Monday regarding
the Global economy and emphasized the role of the U.S. in world
economic growth. There were subtle hints in Clinton's speech
that the Fed should focus more on growth and lower interest rates.
After the speech, Treasury Secretary Rubin had to reiterate the
administration's policy with regard to the Federal Reserve.
"His (Clinton's) view -- and it has been his view since the
beginning of this administration - is to respect totally the
independence of the Fed," said Rubin.
Rubin's comments were somewhat hollow and Clinton's comments
were generally perceived as gentle Fed jaw-boning. In the near
term, that may have been detrimental, because any action by the
Fed this month might be seen as bending to political pressure.
The members of the Federal Reserve will try to avoid that perception
and might hold off an interest rate cut as a result.
Clinton Calls For Leadership
by Robert Liu
"Hoping to refocus on the work at hand, President Clinton
emphasized that U.S. leadership has an 'inescapable obligation'
to help stabilize global economies, urging the House of
Representatives to approve new financing for the International
Monetary Fund. In addition, the President has called central
bankers and finance ministers from the Group of Seven nations to
convene in Washington within the next 30 days with Greenspan and
Treasury Secretary Robert Rubin to study ways to strengthen global
economies, reform markets and help the IMF adapt to meet the
challenges of the new financial crisis."
cnnfn.com
IMF Lends Record Amounts Of Money
by Harry Dunphy
"The International Monetary Fund lent record amounts of money
in the past year to deal with financial crises that swept Asia
and Russia, underscoring the need for Congress to replenish its
coffers for future emergencies, a senior fund official said Sunday.
Presenting the IMF's annual report, Deputy Director Stanley Fischer
said the $26 billion in loans has shrunk reserves to historically
low levels, with only $5 billion to $9 billion left to lend from
its regular reserve fund."
wire.ap.org
Lower demand from struggling economies and higher levels of
imports from Asia are lowering prices across many industries.
Deflation, a fall in the general price level, is a potential
threat to corporate profits.
Assessing The Potential For Deflation
by Ron C. Hill
intellectualcapital.com
The "D" Word
by Robert Lenzner and Carrie Coolidge
Deflation Is Good for bond prices, but not necessarily for stock
prices.
global.forbes.com
In the face of the recent global economic turmoil, George
Soros proposed new international insurance institutions to
oversee international credit. He also suggested a strengthened
and fully funded IMF.
Let me suggest, if our economic prosperity depends upon a more
powerful IMF or an financial/economic version of the UN, then
we are all doomed.
Soros Urges Global Reform
by CNNFN
cnnfn.com
The Case For Global Finance
"The case for restricting international flows of capital commands
greater support now than it has for years. Will capital controls
help either to restore stability or to prevent such a thing
happening again? We don't think
so."
economist.com
Europe Is Heading For A Wild Ride
Justin Fox
"The dawn of a single currency will unleash a chain reaction of
unexpected consequences. It's going to be a bumpier trip than
leaders dare admit."
pathfinder.com |
