Ralph
13.01.2001, 11:52
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Market Preview For Next Week
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U.S. markets will be closed on Monday for Martin Luther King Day, but earnings reports from some big-name tech companies should make for an interesting four-day trading week. While the winter earnings season could be chilly for investors, tech stocks could start to heat up in the coming
weeks.
Intel [INTC] will release results on Tuesday. The semiconductor giant warned it would miss analysts' sales estimates for this quarter. The First Call consensus is for a profit of $0.38 a share, compared with $0.34 during
the same period last year. Any guidance from Intel could impact other semiconductor stocks.
Citigroup [C] will also report on Tuesday. The company is expected to announce fourth-quarter earnings of $0.66 a share, compared with $0.56 during the same quarter last year.
Both Microsoft [MSFT] and Apple [AAPL] are expected to disappoint investors when they report financial results next week. Microsoft told analysts it expects sales of $6.4 billion to $6.5 billion in the quarter, about 5% less
than the previous forecast. Apple is expected to report a first-quarter loss of $0.65 a share, on sales of around $1 billion. Last quarter, Apple missed analysts' reduced estimates.
Sun Microsystems' [SUNW] financial results be might of interest to investors. Its share price has been almost cut in half since September, despite the absence of an earnings warning. The First Call consensus is for a second-quarter profit of $0.16 share, compared with $0.10 during the same
period last year. Analysts, though, are concerned its server sales will be weaker than expected.
After Friday's close, Breakaway Solutions [BWAY] said it received new financing from its largest shareholder, Internet Capital Group [ICGE]. Breakaway shares soared 55% in Friday's after-hours session.
LaserVision Centers [LVCI] after Friday's close said it will pay $1.5 million in fines to settle charges that they enabled their eye-surgery lasers to be altered to treat a wider range of patients.
Shares of Direct Focus [DFXI] are expected to split 3-for-2 based on Monday's closing price.
Word On The Street
"When you look at the chart of the NASDAQ, it appears to be in a testing process," says Tim Hays of Ned Davis Research. "The key is whether we can consistently beat the new closing low we hit on only the second day of the
year."
***********************************************************
Ralph
Market Preview For Next Week
=========================================================
U.S. markets will be closed on Monday for Martin Luther King Day, but earnings reports from some big-name tech companies should make for an interesting four-day trading week. While the winter earnings season could be chilly for investors, tech stocks could start to heat up in the coming
weeks.
Intel [INTC] will release results on Tuesday. The semiconductor giant warned it would miss analysts' sales estimates for this quarter. The First Call consensus is for a profit of $0.38 a share, compared with $0.34 during
the same period last year. Any guidance from Intel could impact other semiconductor stocks.
Citigroup [C] will also report on Tuesday. The company is expected to announce fourth-quarter earnings of $0.66 a share, compared with $0.56 during the same quarter last year.
Both Microsoft [MSFT] and Apple [AAPL] are expected to disappoint investors when they report financial results next week. Microsoft told analysts it expects sales of $6.4 billion to $6.5 billion in the quarter, about 5% less
than the previous forecast. Apple is expected to report a first-quarter loss of $0.65 a share, on sales of around $1 billion. Last quarter, Apple missed analysts' reduced estimates.
Sun Microsystems' [SUNW] financial results be might of interest to investors. Its share price has been almost cut in half since September, despite the absence of an earnings warning. The First Call consensus is for a second-quarter profit of $0.16 share, compared with $0.10 during the same
period last year. Analysts, though, are concerned its server sales will be weaker than expected.
After Friday's close, Breakaway Solutions [BWAY] said it received new financing from its largest shareholder, Internet Capital Group [ICGE]. Breakaway shares soared 55% in Friday's after-hours session.
LaserVision Centers [LVCI] after Friday's close said it will pay $1.5 million in fines to settle charges that they enabled their eye-surgery lasers to be altered to treat a wider range of patients.
Shares of Direct Focus [DFXI] are expected to split 3-for-2 based on Monday's closing price.
Word On The Street
"When you look at the chart of the NASDAQ, it appears to be in a testing process," says Tim Hays of Ned Davis Research. "The key is whether we can consistently beat the new closing low we hit on only the second day of the
year."
***********************************************************
Ralph