Ralph
27.01.2001, 09:54
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Market Preview For Next Week
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The Federal Open Market Committee's rate announcement on Wednesday could be the biggest factor moving the markets next week. Anything less than a 50-basis point cut will disappoint investors. Greenspan's comments this week supporting a quick tax cut, something he has opposed in the past, indicate he's worried about the slowing economy and this would support another bold Fed move. Historically, two rate cuts have marked the start of a bull run.
Investors will have another full plate of earnings to digest next week. Amazon.com [AMZN] is expected to report a fourth-quarter loss of $0.26 a share. Earlier this quarter, Amazon.com executives reiterated their commitment to trimming operating expenses and its net loss in fiscal 2001.
Amazon beat estimates when it last reported.
America Online [AOL] is expected to post a second-quarter profit of $0.15 a share. The company topped forecasts in its last quarter.
InfoSpace [INSP] should generate some interest next week when it reports its fourth-quarter results. Earlier this week, the company announced that
Chairman Naveen Jain would reclaim the position of CEO and that its CFO and COO would be leaving. This has prompted speculation that the company would either miss its penny-a-share estimate or guide lower for 2001.
Other companies expected to report include AT&T [T], Expedia [EXPE], RealNetworks [RNWK], F-5 Networks [FFIV], PeopleSoft [PSFT], MP3.com [MPPP], and Electronic Arts [ERTS].
After Friday's close, JDS Uniphase [JDSU] and SDL [SDLI] announced the respective special stockholder meetings to approve their pending merger has been rescheduled to February 12, 2001.
<u>Word On The Street</u>
"I do believe it's the weakening economy, where cyclical stocks can only gain strength on the anticipation of an economy solidifying, and any evidence of an economy slowing more than expected is not good news," says Barry Hyman of Weatherly Securities.
Ralph
Market Preview For Next Week
=========================================================
The Federal Open Market Committee's rate announcement on Wednesday could be the biggest factor moving the markets next week. Anything less than a 50-basis point cut will disappoint investors. Greenspan's comments this week supporting a quick tax cut, something he has opposed in the past, indicate he's worried about the slowing economy and this would support another bold Fed move. Historically, two rate cuts have marked the start of a bull run.
Investors will have another full plate of earnings to digest next week. Amazon.com [AMZN] is expected to report a fourth-quarter loss of $0.26 a share. Earlier this quarter, Amazon.com executives reiterated their commitment to trimming operating expenses and its net loss in fiscal 2001.
Amazon beat estimates when it last reported.
America Online [AOL] is expected to post a second-quarter profit of $0.15 a share. The company topped forecasts in its last quarter.
InfoSpace [INSP] should generate some interest next week when it reports its fourth-quarter results. Earlier this week, the company announced that
Chairman Naveen Jain would reclaim the position of CEO and that its CFO and COO would be leaving. This has prompted speculation that the company would either miss its penny-a-share estimate or guide lower for 2001.
Other companies expected to report include AT&T [T], Expedia [EXPE], RealNetworks [RNWK], F-5 Networks [FFIV], PeopleSoft [PSFT], MP3.com [MPPP], and Electronic Arts [ERTS].
After Friday's close, JDS Uniphase [JDSU] and SDL [SDLI] announced the respective special stockholder meetings to approve their pending merger has been rescheduled to February 12, 2001.
<u>Word On The Street</u>
"I do believe it's the weakening economy, where cyclical stocks can only gain strength on the anticipation of an economy solidifying, and any evidence of an economy slowing more than expected is not good news," says Barry Hyman of Weatherly Securities.
Ralph