Ralph
03.02.2001, 08:57
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Market Preview For Next Week
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Cisco Systems [CSCO] should influence next week's trading when its reports second-quarter results after Tuesday's close. Analysts are forecasting a profit of $0.19 a share on sales of $7.22 billion. Although Cisco warned analysts to lower their sales estimates for the quarter, the company should at least meet the earnings forecast. Investors, though, should expect a cautious outlook from Cisco for at least the next two quarters. Last quarter, the company beat the earnings estimates. Shares of Cisco fell 7% on Friday and the bad news might already be priced into the stock.
Friday's mixed economic data could continue to create confusion on Wall Street as investors wonder if the economy will slip into recession and if the Fed will cut rates at the next FOMC meeting. Next week will be light in terms of economic releases, with only a small decline in non-farm
productivity expected when the numbers are releases on Wednesday. President Bush is expected to outline his tax cut plan on Wednesday, which could give the markets a boost.
Microsoft [MSFT] moved higher in after-hours trading on Friday after the software giant said it would stop giving a $400 rebate to new subscribers of its MSN Internet access business.
Shares of NBC Internet [NBCI] could move lower Monday after the company late Friday said it would delay the release of fourth-quarter earnings in order to collect more nformation needed to provide adequate guidance about
the current year's results.
Sun Microsystems [SUNW] will hold an analyst meeting next week.
Shares of Tripos [TRPS] are expected to split 2-for-1 before the market opens on Monday.
<u>Word On The Street</u>
"Investors are trying to digest the Fed's move, and there could be a serious lull as we figure out where the economy really is," says John Peluso of Lehman Brothers [LEH].
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Expected Initial Public Offerings for Next Week
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February 6
ATP Oil & Gas [ATPG] $15-$18
February 8
KPMG Consulting [KCIN] $16-$18
Oil States International [OIS] $11-$13
February 9
OMP [OMPI] $14-$16
Third Wave Technologies [TWTI] $11-$13
ATP Oil & Gas' [ATPG] goal is to develop already-discovered offshore petroleum reserves and to provide a high rate of return for ATP's investors from such low-risk projects.
KPMG Consulting [KCIN] is a provider of Internet integration services.
Oil States International [OIS] is a designer and manufacturer of diversified products for offshore platforms, subsea pipelines, well servicing, and general industrial applications.
OMP [OMPI] develops and markets a unique line of skin health products under the Nu-Derm and Blue Peel labels.
Third Wave Technologies [TWTI] develops and provides DNA and RNA analysis technologies for use in genome research, pharmacogenomics and clinical applications.
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Selected Expected Earnings Releases for Monday
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
=========================================================
Affymetrix [AFFX] Q2 -$0.11 vs.-$0.10
AmerUS Life Holdings [AMH] Q4 $0.71 vs. $0.64
Computer Sciences Corp. [CSC] Q3 $0.74 vs. $0.66
Jefferson-Pilot [JP] Q4 $1.10 vs. $1.02
Moody's [MCO] Q4 $0.24 vs. N/A
PepsiCo [PEP] Q4 $0.38 vs. $0.33
=========================================================
Projected Economic Releases for Next Week
(Consensus Forecasts vs. Previous Report)
=========================================================
February 7
Non-Farm Productivity Q4 2.5% vs. 3.3%
Ralph
Market Preview For Next Week
=========================================================
Cisco Systems [CSCO] should influence next week's trading when its reports second-quarter results after Tuesday's close. Analysts are forecasting a profit of $0.19 a share on sales of $7.22 billion. Although Cisco warned analysts to lower their sales estimates for the quarter, the company should at least meet the earnings forecast. Investors, though, should expect a cautious outlook from Cisco for at least the next two quarters. Last quarter, the company beat the earnings estimates. Shares of Cisco fell 7% on Friday and the bad news might already be priced into the stock.
Friday's mixed economic data could continue to create confusion on Wall Street as investors wonder if the economy will slip into recession and if the Fed will cut rates at the next FOMC meeting. Next week will be light in terms of economic releases, with only a small decline in non-farm
productivity expected when the numbers are releases on Wednesday. President Bush is expected to outline his tax cut plan on Wednesday, which could give the markets a boost.
Microsoft [MSFT] moved higher in after-hours trading on Friday after the software giant said it would stop giving a $400 rebate to new subscribers of its MSN Internet access business.
Shares of NBC Internet [NBCI] could move lower Monday after the company late Friday said it would delay the release of fourth-quarter earnings in order to collect more nformation needed to provide adequate guidance about
the current year's results.
Sun Microsystems [SUNW] will hold an analyst meeting next week.
Shares of Tripos [TRPS] are expected to split 2-for-1 before the market opens on Monday.
<u>Word On The Street</u>
"Investors are trying to digest the Fed's move, and there could be a serious lull as we figure out where the economy really is," says John Peluso of Lehman Brothers [LEH].
=========================================================
Expected Initial Public Offerings for Next Week
=========================================================
February 6
ATP Oil & Gas [ATPG] $15-$18
February 8
KPMG Consulting [KCIN] $16-$18
Oil States International [OIS] $11-$13
February 9
OMP [OMPI] $14-$16
Third Wave Technologies [TWTI] $11-$13
ATP Oil & Gas' [ATPG] goal is to develop already-discovered offshore petroleum reserves and to provide a high rate of return for ATP's investors from such low-risk projects.
KPMG Consulting [KCIN] is a provider of Internet integration services.
Oil States International [OIS] is a designer and manufacturer of diversified products for offshore platforms, subsea pipelines, well servicing, and general industrial applications.
OMP [OMPI] develops and markets a unique line of skin health products under the Nu-Derm and Blue Peel labels.
Third Wave Technologies [TWTI] develops and provides DNA and RNA analysis technologies for use in genome research, pharmacogenomics and clinical applications.
=========================================================
Selected Expected Earnings Releases for Monday
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
=========================================================
Affymetrix [AFFX] Q2 -$0.11 vs.-$0.10
AmerUS Life Holdings [AMH] Q4 $0.71 vs. $0.64
Computer Sciences Corp. [CSC] Q3 $0.74 vs. $0.66
Jefferson-Pilot [JP] Q4 $1.10 vs. $1.02
Moody's [MCO] Q4 $0.24 vs. N/A
PepsiCo [PEP] Q4 $0.38 vs. $0.33
=========================================================
Projected Economic Releases for Next Week
(Consensus Forecasts vs. Previous Report)
=========================================================
February 7
Non-Farm Productivity Q4 2.5% vs. 3.3%
Ralph