Vollständige Version anzeigen : Nachbörsliche Zusammenfassung und Preview
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Market Preview For Friday - 09/02/01
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Network Appliance [NTAP] after Thursday's close reported third-quarter operating income of $0.11 a share, beating the First Call consensus estimate by a penny. Network Appliance shares rose 9% in after-hours trading.
ONI Systems [ONIS] late Thursday reported a fourth-quarter operating loss of $0.09 a share, beating Wall Street forecasts by $0.02. The company also said it sees no slowdown in customer demand. Its shares gained 3% in
after-hours trading.
After Thursday's close, Screaming Media [SCRM] posted fourth-quarter results that beat analyst expectations. Revenue soared 442% from the year-ago quarter.
Pixar Animation Studios [PIXR] late Thursday reported fourth-quarter earnings of $0.71 a share, compared with $0.19 during the same period last year. Analysts expected $0.63 a share. The company also raised its guidance
for Q1 and 2001.
After Thursday's close, Snowball.com [SNOW] reported a fourth-quarter operating loss of $0.28 a share. Analysts expected a loss of $0.34. The company said it expects overall revenue for fiscal year 2001 will grow 20% to 25% compared with fiscal year 2000. It also anticipates reaching
cash-flow breakeven sometime in the fourth quarter of 2001and believes it has sufficient cash to reach that point.
<u>Word On The Street</u>
"The bad news hasn't been as dramatic or traumatic in recent weeks, and Cisco [CSCO] was bad news, but a lot of the market shrugged it off," says John Peluso of Lehman Brothers [LEH].
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Expected Initial Public Offerings
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Oil States International [OIS] $11-$13
OMP [OMPI] $14-$16
Third Wave Technologies [TWTI] $11-$13
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
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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CIGNA [CI] Q4 $1.76 vs. $1.66
Wendy's [WEN] Q4 $0.38 vs. $0.33
Ralph
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Market Preview For Next Week - 10/02/01
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Fed Chairman Alan Greenspan is often a market mover and could do just that when he testifies at the Senate Banking Committee on Tuesday. Investors could receive some more insight on his sudden change of heart concerning tax cuts. Analysts, though, don't expect the Fed Chairman to give any clues as to the timing and amount of any future interest-rate reductions.
Rainbow Technologies [RNBO] after Friday's close said it expects to report fourth-quarter earnings below previous forecasts, due to a sudden slowdown in its North American business in the last month of the quarter.
Investors have media earnings to focus on next week with companies such as Viacom [VIA] and Blockbuster [BBI] expected to report financial results. Dell Computer [DELL] and Hewlett-Packard [HWP] both report earnings on
Thursday. Optical networking companies such as Sycamore Networks [SCMR] and Ciena [CIEN] will also report next week.
Critical Path [CPTH] late Friday said Doug Hickey will step aside as chief executive officer, following a probe into the Web messaging software provider's accounting practices.
After Friday's close, H.J. Heinz Co. [HNZ] said it has sold the All American Gourmet Co. and its Budget Gourmet and Budget Gourmet Value Classics brands of frozen entrees to privately-held Luigino's and expects the deal to trim future earnings.
C&D Technologies [CHP] late Friday said it expects its fourth-quarter earnings to beat Wall Street estimates and sees first-quarter results in line with forecasts.
United Technologies [UTX] holds an analyst meeting on Monday.
Shares of Check Point Software [CHKP] are expected to split 3-for-2 based on Monday's closing price.
<u>Word On The Street</u>
"It feels like there's one more debacle on the horizon to test the market's lows," says Kenneth M. Sheinberg of SG Cowen.
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Expected Initial Public Offerings for Next Week
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February 13
OMP [OMPI] $14-$16
Xenogen [XGEN] $10-$12
OMP [OMPI] develops and markets a unique line of skin health products under
the Nu-Derm and Blue Peel labels.
Xenogen [XGEN] is involved in the field of real-time in vivo imaging, providing the pharmaceutical industry with proprietary technologies, products and services to enable real-time in vivo monitoring to identify drug leads for clinical development.
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Selected Expected Earnings Releases for Monday
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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Advanced Power Technology [APTI] Q4 $0.15 vs. $0.00
American Financial Group [AFG] Q4 $0.24 vs. $0.41
AXA Financial [AXF] Q4 $0.53 vs. $0.44
MarchFirst [MRCH] Q4 -$0.30 vs. $0.16
Monsanto [MON] Q4 -$0.01 vs. $0.00
Omnicare [OCR] Q4 $0.20 vs. $0.17
Pharmacia [PHA] Q4 $0.32 vs. $0.24
UnumProvident [UNM] Q4 $0.61 vs. $0.57
Valspar [VAL] Q1 $0.10 vs. $0.26
Ralph
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Market Preview For Tuesday 12-02.01]
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Fed Chairman Alan Greenspan has the power to move the markets and could do just that when he testifies at the Senate Banking Committee on Tuesday. Investors could receive some more insight on his sudden change of heart concerning tax cuts. The Fed Chairman might also give clues as to how fast any future interest-rate reductions could happen. Look for movement from interest-sensitive issues, such as retail and financial stocks, during Mr. Greenspan's speech.
Photronics [PLAB] after Monday's close reported a first-quarter profit of $0.28 a share, compared with $0.13 during the same period last year.
Analysts polled by First Call expected $0.25 a share. The company credited its performance on strong demand for its products and an expansion into Europe and Asia. Shares of Photronics moved higher in after-hours trading.
Steelcase [SCS] late Monday said it was cutting 10% of its hourly workforce in North America and lowering estimates for fiscal year 2001 earnings.
After Monday's close, Standard & Poor's announced Brooks Automation [BRKS] would replace Bindley Western Industries [BDY] in the S&P SmallCap 600 Index after the close of trading on February 14.
Shares of MarchFirst [MRCH] were trampled in Monday's after-hours session, plunging 35% after the company reported a fourth-quarter loss of $0.40 a share, $0.10 more than the First Call consensus estimate.
After Monday's close, InfoSpace [INSP] said it would post a pro forma loss of $0.05 a share for all of 2001, significantly better than guidance it gave last month of a loss of $0.14 a share.
Western Wireless [WWCA] late Monday reported fourth-quarter earnings,
excluding one-time and non-cash items, of $0.14 a share. Analysts expected $0.01 a share. Western Wireless shares surged 11% in after-hours trading.
Scientific Atlanta [SFA] and Symantec [SYMC] hold analyst meetings on Tuesday.
<u>Word On The Street</u>
"I think everybody knows that there is more negative earnings news to come and how they react to it depends on how outsized the negative news is," says Henry Herrmann of Waddell & Reed.
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Expected Initial Public Offerings
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OMP [OMPI] $14-$16
Xenogen [XGEN] $10-$12
OMP [OMPI] develops and markets a unique line of skin health products under the Nu-Derm and Blue Peel labels.
Xenogen [XGEN] is involved in the field of real-time in vivo imaging, providing the pharmaceutical industry with proprietary technologies, products and services to enable real-time in vivo monitoring to identify drug leads for clinical development.
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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Allegiance Telecom [ALGX] Q4 -$0.70 vs.-$0.62
Applied Materials [AMAT] Q1 -$0.64 vs. $0.39
Dana [DCN] Q4 $0.01 vs. $0.84
Deere [DE] Q1 $0.27 vs. $0.16
Outback Steakhouse [OSI] Q4 $0.41 vs. $0.43
S1 [SONE] Q4 -$3.54 vs.-$3.05
Sycamore Networks [SCMR] Q2 $0.05 vs.-$0.01
Wellpoint Health [WLP] Q4 $1.35 vs. $1.20
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Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
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Retail Trade Jan 0.5% vs. 0.1%
Retail Trade, Jan 0.4% vs. 0.0% excluding autos
Ralph
<font size=1>[Dieser Beitrag wurde von Ralph am 13.02.2001 editiert.]</font>
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Market Preview For Wednesday - 14.02.01
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Applied Materials [AMAT] after Tuesday's close reported first-quarter earnings of $0.66 a share, compared with $0.39 during the same period last year. Analysts polled by First Call expected $0.62 a share. The company, though, lowered its earnings guidance for the second quarter.
Sycamore Networks [SCMR] late Tuesday posted pro forma operating earnings of $0.06 a share in its second quarter, beating Wall Street forecasts by a penny. Sycamore shares surged 6% in after-hours trading.
After Tuesday's close, JDS Uniphase [JDSU] warned that earnings for its third quarter would fall short of Wall Street expectations by about 19%.
Wednesday could be a sweet day for shareholders of Krispy Kreme Doughnuts [KREM] after the company late Tuesday said its board had declared a 2-for-1 stock split.
Protein Design Labs [PDLI] after Tuesday's close said it broke even on a per-share basis for the fourth quarter. Analysts expected a loss of $0.07 a share.
After Tuesday's close, GoTo.com [GOTO] posted a narrower-than-expected loss
in its fourth quarter.
<u>Word On The Street</u>
"In order to get a sustained rally, Greenspan must say he will continue to cut rates, be aggressive and not worry about inflation," says Brian Finnerty of C.E. Unterberg, Towbin. "That's what the market wants to hear."
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Expected Initial Public Offerings
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OMP [OMPI] $14-$16
OMP [OMPI] develops and markets a unique line of skin health products under the Nu-Derm and Blue Peel labels.
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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Applebees [APPB] Q4 $0.63 vs. $0.52
Campbell Soup [CPB] Q2 $0.64 vs. $0.65
Eaton Vance [EV] Q1 $0.42 vs. $0.39
Global Crossing [GX] Q4 -$0.89 vs.-$0.20
Newell Rubbermaid [NWL] Q4 $0.44 vs. $0.54
Oakley [OO] Q4 $0.12 vs. $0.08
Tricon Global [YUM] Q4 $0.79 vs. $0.78
Zale [ZLC] Q2 $2.46 vs. $2.33
Ralph
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Market Preview For Thursday - 22-02-01
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After the bell, Brocade Communications [BRCD] reported earnings of $32.5 million, or $0.13 a share, beating analysts' forecasts by $0.01 a share. Revenues rose more than 286% to $165 million.
Laser-equipment manufacturer GSI Lumonics [GSLI] warned it expects fourth quarter sales of $95 million, about 5% below expectations.
ADC Telecommunications [ADCT], which sells fiber-optic networking equipment to carriers, reported net income of $57 million, or $0.07 a share, on revenues of $805 million. Analysts polled by First Call had expected earnings of $0.06 a share on revenues of $844.3 million.
Krispy Kreme Doughnuts [KREM] said it acquired Chicago-based coffee company Digital Java. Terms of the deal were not disclosed.
Telecommunications billing software company Portal Software [PRSF] posted earnings of $6.9 million, or $0.04 a share, topping estimates by a penny. Revenues rose 108% to $81.1 million.
XETA Technologies [XETA], a telecommunications systems provider, said its first-quarter earnings fell 17% to $1.25 million, or $0.13 cents a share, meeting analyst's expectations. Sales rose 22% to $25.1 million.
New York-based StarMedia Networks [STRM] reported a pro forma loss of $33 million, or $0.49 a share. Wall Street analysts had expected the company to post a loss of $0.48 a
share.
e-MedSoft.com [MED], an application service provider, announced it has entered into a binding agreement with an institutional investor to provide the company with up to $50 million in equity funding.
<u>Word On The Street</u>
"This is not so much a breakout of inflation as a drain on consumer purchasing power,'' says Neal Soss of Credit Suisse First Boston. "It's more symptomatic of an overcooling than overheating."
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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Autodesk [ADSK] Q4 $0.52 vs. $0.48
JCPenney [JCP] Q4 -$0.04 vs. $0.45
Priority Healthcare [PHCC] Q4 $0.19 vs. $0.16
Nordstrom [JWN] Q4 $0.19 vs. $0.50
RadioShack [RSH] Q4 $0.76 vs. $0.63
State Auto Financial [STFC] Q4 $0.32 vs. $0.29
Quanta Services [PWR] Q4 $0.46 vs. $0.39
Ralph
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Market Preview For Friday - 23/02/01
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With no economic data on tap and a wreck of a week already piled up behind, Friday looks like it may be a time to regroup and assess the damage. There were some signs of this on Thursday if one delved deep enough. Networking
stocks were quietly on the rise. Cisco [CSCO] and Nortel [NT] struggled solidly higher by the close Thursday. And Efficient Networks [EFNT] positively exploded Thursday, gaining more than 86%, after announcing that it would be acquired by Siemens [SMAWY] for $1.5 billion in cash. There is the albatross of Lucent's [LU] debt load hanging off the group's neck, but there is a chance that Lucent's credit issue may be resolved Friday and if it is that could help the networking group at least establish a new trading
range. And one can only hope that after the Brocade [BRCD] and EMC [EMC] debacle of Thursday, that data networking stocks are able to do the same and establish some new support levels. Still the downside risk has many investors scared and, even though the Nasdaq hit a 25-month intraday low Thursday, few people are rushing in to snap up bargains. Everyone wants to know where the bottom is.
<u>Word On The Street</u>
"This is the most difficult time the market has faced probably in six or eight years," says Bill Schneider of UBS Warburg.
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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McDermott International [MDR] Q4 $0.00 vs. $0.25
Ralph
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Market Preview For Next Week
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The markets will be looking early next week to see if Bear Sterns chief economist Wayne Angell was blessed with true foresight when he predicted on Friday that there is a 60% chance of a surprise interest rate cut in the coming week. Angell is a former Federal Reserve governor and his words
carried enough weight on Friday to spark a late rally that dragged the Nasdaq back from deep underwater to close higher for the first time in five sessions. Angell's prediction comes even though the Fed does not have a
scheduled meeting until March 20. The Fed rarely cuts rates between FOMC meetings, but it has already done so once this year on January 3 -- Angell thinks the chances is the Fed will do it again. On Monday morning, Fed chairman Alan Greenspan will get the first look at the closely-watched
University of Michigan index of consumer confidence and he will have a full day to mull those figures over before they are released to the public on Tuesday morning at 10:00 EST. To this point, the consumer confidence figures have already fallen to seven year lows and if they continue to fall
Greenspan may find the excuse he needs to cut rates yet again. With the major American markets sitting at 2 year lows, Angell thinks there is a better than even chance that Greenspan will act. With earnings season for the most part over, economic data and anything at all from the Fed are
likely to determine the direction of the markets. Or at least they should provided there are no more great earnings scares and warnings in the cards somewhere.
<u>Word On The Street</u>
"The basic problem we have in the marketplace is that we have a confidence crisis and the mood is just extremely gloomy," says Alfred Goldman of A.G. Edwards. "Yet the reality is, the economy is holding together."
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Expected Initial Public Offerings for Next Week
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March 2
AFC Enterprises [AFCE] $15-$17
AFC Enterprises [AFCE] is the parent company of Church's Chicken, Popeyes Chicken & Biscuits, Cinnabon World Famous Cinnamon Rolls, Seattle's Best Coffee and Torrefazione Italia brands.
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Selected Expected Earnings Releases for Monday
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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Alpharma [ALO] Q4 $0.48 vs. $0.41
Biovail [BVF] Q4 $0.26 vs. $0.43
DaimlerChrysler [DCX] Q4 -$0.28 vs. $1.60
Dollar General [DG] Q4 $0.22 vs. $0.27
Men's Wearhouse [MW Q4 $0.90 vs. $0.72
Revlon [REV] Q4 -$0.27 vs.-$2.51
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Projected Economic Releases for Next Week
(Consensus Forecasts vs. Previous Report)
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February 27
Durable Goods Orders Jan -2.5% vs. 2.2%
New Home Sales Jan 925,000 vs. 975,000
Consumer Confidence Feb 110.8 vs. 114.4
February 28
Real GDP (preliminary) Q4 1.1% vs. 1.4%
GDP Deflator Q4 2.1% vs. 2.1%
March 1
Personal Income Jan 0.5% vs. 0.4%
Personal Spending Jan 0.6% vs. 0.3%
NAPM Feb 42.1 vs. 41.2
Volles Programm für nächste Woche !
Ralph
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Market Preview For Tuesday - 27.02.01
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The words "rate cut" are everywhere in the air again. Late Monday Bear Stearns chief economist and former Federal Reserve governor Wayne Angell revised his opinion of the chance that the Fed will actually cut rates this week. On Friday, Angell forecast a 60% chance that the Fed would make a surprise interim rate cut this week. On Monday, he stepped up to say it looked a lot more like an 80% chance. Angell revised his forecast after it was announced that Fed Chairman Alan Greenspan would be speaking on fiscal
and monetary issues before the House Financial Services Committee on Wednesday and would be updating the testimony he gave on February 12. Angell was not alone Monday in forecasting a rate cut and there are more than a few voices speculating that another 50 basis point move may even be
in the cards in the next couple of days. With the 10:00 EST release of the closely watched University of Michigan index of consumer confidence, the Street should be able to get a good sense of what Greenspan is seeing in the economy. If the numbers come in lower than expected, the Street is sure
to take that as evidence that a rate cut is close at hand and the markets should move higher. If the markets begin to move on rate cut hopes, it is likely that the bluest of the blue chips will be the first to benefit -- the Dow tore into the close Monday on just the strength of Angell's
speculation and the buzz it created.
<u>Word On The Street</u>
"A Fed rate cut would be a powerful buying influence," says Mary Burns of Edward Jones.
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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Allied Waste [AW] Q4 $0.21 vs. $0.18
AutoZone [AZO] Q2 $0.28 vs. $0.28
Federated Department Stores [FD] Q4 $2.10 vs. $2.04
H&R Block [HRB] Q3 -$0.20 vs.-$0.07
Interpublic Group [IPG] Q4 $0.46 vs. $0.35
Intimate Brands [IBI] Q4 $0.46 vs. $0.55
Veritas DGC [VTS] Q2 $0.20 vs. $0.05
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Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
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Durable Goods Orders Jan -2.5% vs. 2.2%
New Home Sales Jan 925,000 vs. 975,000
Consumer Confidence Feb 110.8 vs. 114.4
Ralph
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Market Preview For Thursday - 01.03.01
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Gateway [GTW] after Wednesday's close said it expects to break even in the first quarter of 2001, well short of the $0.17 a share expected by analysts. Gateway shares fell 7% in after-hours trading.
Shares of 3Com [COMS] fell 15% in Wednesday's after-hours session following the company's warning that it will lose twice as much money in its third quarter as it previously forecast, blaming a slowdown in the telecommunications market and the U.S. economy.
Lam Research [LRCX] late Wednesday warned it might miss its third-quarter sales target because of the continuing slowdown in the chip industry. Lam was slaughtered in after-hours trading, dropping 12%.
After Wednesday's close, Kana Communications [KANA] said it cut 220 employees, or about 20% of its workforce, as part of its effort to cut expenses by $30 million to $40 million annually.
Shares of American General [AGC] are expected to split 2-for-1 based on Thursday's closing price.
<u>Word On The Street</u>
"I think that he [Greenspan] sees no urgency to lower rates right now, but he is prepared to do it -- and I am sure he will," says Stanley Nabi, of Credit Suisse Asset Management. "The possibility of the Fed doing it before
the next meeting has now been reduced."
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
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Gap [GPS] Q4 $0.30 vs. $0.47
The Limited [LTD] Q4 $0.55 vs. $0.66
Tiffany [TIF] Q4 $0.56 vs. $0.56
WebMD [HLTH] Q4 -$0.16 vs.-$0.50
Wind River Systems [WIND] Q4 $0.18 vs. $0.16
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Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
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Personal Income Jan 0.5% vs. 0.4%
Personal Spending Jan 0.6% vs. 0.3%
NAPM Feb 42.1 vs. 41.2
Ralph
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Market Preview For Tuesday - 06.03.01
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Xilinx [XLNX] after Monday's close said February was weaker than expected and that sequential revenue will decline by as much as 15% in the March quarter. Xilinx shares, though, edged higher in after-hours trading.
Shares of New Focus [NUFO] plunged as much as 23% in Monday's after-hours session following the company's warning that revenue expectations for the year ending 2001would be lower than expected.
After Monday's close, Remec [REMC] reported fourth-quarter earnings of $0.03 a share, missing the First Call consensus estimate by $0.09. Shares of Remec fell 17% in after-hours trading.
J.D. Edwards [JDEC] late Monday said it broke even in the first quarter, beating analysts' expectations of a loss of $0.01.
H.J. Heinz [HNZ] after Monday's close warned that its third quarter, fourth quarter, fiscal 2001 and fiscal 2002 earnings would fall below Wall Street expectations.
Word On The Street
"Once the market has fallen far and fast, there tends to be a pause," says Brett Gallagher of Julius Baer. "I wouldn't be surprised to see a little bit of a bounce-back. It doesn't change the trend in general of the overall market."
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Expected Initial Public Offerings
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Seattle Genetics [SGEN] $11-13
Stelmar Shipping [SJH] $12-14
Seattle Genetics [SGEN] is focused on enhancing the survival of cancer patients through monoclonal antibody-based therapeutics.
Stelmar Shipping [SJH] is an oil tanker management company.
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
=========================================================
Healthsouth [HRC] Q4 $0.19 vs. $0.16
OfficeMax [OMX] Q4 -$0.13 vs. $0.17
Pacific Sunwear [PSUN] Q4 $0.42 vs. $0.36
Staples [SPLS] Q4 $0.20 vs. $0.26
Target [TGT] Q4 $0.59 vs. $0.56
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Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
=========================================================
Factory Orders Jan -3.1% vs. 1.1%
Non-Farm Productivity Q4 2% vs. 2.4%
Ralph
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Market Preview For Wednesday - 07.03.01
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JDS Uniphase [JDSU] after Tuesday's close said it expects third-quarter pro forma earnings of $0.14 a share and revenues of $925 million. Analysts anticipated earnings of $0.17 a share. The company also lowered its guidance for the fourth quarter. JDS shares fell 5% in after-hours trading.
Bear Stearns [BSC] late Tuesday said it would have a tough time meeting first-quarter earnings estimates because of difficult market conditions.
Late Tuesday, The Wall Street Journal reported that a deal between Amazon.com [AMZN] and Wal-Mart Stores [WMT] was unlikely.
After Tuesday's close, Pacific Sunwear [PSUN] reported fourth-quarter earnings of $0.43 a share, beating Wall Street forecasts by a penny.
Fed Chairman Alan Greenspan addresses a banking group on banking supervision on Wednesday.
Scientific Atlanta [SFA] and i2 Technologies [ITWO] hold analyst meetings on Wednesday.
Shares of ChoicePoint [CPS] are expected to split 3-for-2 based on Wednesday's closing price.
Word On The Street
"It is almost impossible to call a bottom," says Richard Nash of Key Asset
Management. "But we think we are close to the worst we are going to see for
the S&P 500 and the Dow industrials, although the Nasdaq probably has a
little bit further to fall."
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
=========================================================
Genesco [GCO] Q4 $0.54 vs. $0.45
Gymboree [GYMB] Q4 $0.10 vs.-$0.18
Lands' End [LE] Q4 $1.06 vs. $0.92
Michaels [MIKE] Q4 $1.42 vs. $1.41
Quiksilver [ZQK] Q1 $0.14 vs. $0.18
Toys R Us [TOY] Q4 $1.22 vs. $0.98
Venator [Z] Q4 $0.24 vs. $0.02
Zale [ZLC] Q4 $2.46 vs. $2.33
Ralph
...na dann ist mir auch klar, warum Newport, Zubehörlieferer von Meßintrumenten für die Fibres, bereits während des Handelsverlauf und dann auch nachbörsl. unter Druck kam!
Die Fibres haben sich ja gerade erst versucht ein bisserl zu erholen :( !
cu
MM
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Market Preview For Thursday - 08.03.01
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Yahoo [YHOO] after Wednesday's close said it would miss forecasts for the first quarter and also announced it was looking for a new chief executive. In addition, the company approved a $500-million stock buyback for the next two years. Yahoo shares slid 17% in after-hours trading.
Krispy Kreme Doughnuts [KREM] late Wednesday said its common stock would begin trading on the New York Stock Exchange under the ticker symbol ``KK'' on May 17. Its shares edged higher in after-hours trading.
After Wednesday's close, Tellabs [TLABS] reduced its first-quarter expectations due to below-trend growth in Tellabs' CableSpan business. Its shares fell 7% in after-hours trading.
Cree [CREE] late Wednesday warned investors that fourth-quarter earnings will come in lower than expected, citing a slower and more competitive market for LED chips. Cree shares fell 22% in after-hours trading.
WaveRider Communications [WAVC] after Wednesday's close reported revenue of $4.1 million for fiscal 2000, an increase of 130% from 1999. Its net loss, though, was $0.59 a share, compared with a loss of $0.25 a share in 1999.
Mentor Graphics [MENT] meets with analysts on Thursday.
Word On The Street
"Market sentiment isn't despondent enough for this to be the ultimate bottom," says Byron Wein of Morgan Stanley Dean Witter. "But that doesn't mean that the current rally can't go on for a while."
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Expected Initial Public Offerings
=========================================================
IASIS Healthcare [IAS] $14-$16
IASIS Healthcare [IAS] owns and operates 15 general, acute-care hospitals
and four ambulatory surgery centers in Arizona, Florida, Texas and Utah.
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Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
=========================================================
Ann Taylor [ANN] Q4 $0.18 vs. $0.50
Costco [COST] Q2 $0.38 vs. $0.39
Genzyme [GENZ] Q4 $0.57 vs. $0.42
Krispy Kreme [KREM] Q4 $0.26 vs. $0.11
National Semiconductor [NSM] Q3 $0.20 vs. $0.51
NaviSite [NAVI] Q2 -$0.49 vs. -$0.21
Waste Management [WMI] Q4 $0.31 vs. $0.32
Ralph
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Market Preview For Friday - 09.03.01
=========================================================
Intel [INTC] after Thursday's close lowered its revenue forecasts for its first quarter and said it intends to cut 5,000 jobs during the next nine months. Intel shares fell 8% in after-hours trading.
TranSwitch [TXCC] late Thursday warned of lower-than-expected earnings for its first quarter and said revenue will be essentially flat. Its shares, though, gained 5% in after-hours trading.
Shares of RF Micro Devices [RFMD] fell 12% in Thursday's after-hours session following the company's warning that its fourth-quarter revenue will fall short of forecasts, due to weakness in certain wireless markets, handset inventory overhang and delays of new handset models.
After Thursday's close, On Semiconductor [ONNN] warned that its first-quarter revenue would be 30% lower than the fourth quarter, with a loss of between $0.13 and $0.15 a share. Analysts polled by First Call expected the company to break even. Shares of On fell 20% in after-hours trading.
Inforte [INFT] late Thursday said it's comfortable with the previous revenue and earnings-per-share targets it gave at the end of January. Its shares edged higher in after-hour trading.
Word On The Street
"People have a little more faith that the economy down the road might do better," says Larry Lawler of Dreyfus Corp.
=========================================================
Expected Initial Public Offerings
=========================================================
Encore Acquisition [EAC] $13-$15
IASIS Healthcare [IAS] $14-$16
Loudcloud [LDCL] $8-$10
UTI [UTIC] $15-$17
Encore Acquisition [EAC] is an independent energy company engaged in the acquisition, development and exploitation of North American oil and natural gas reserves.
IASIS Healthcare [IAS] owns and operates 15 general, acute-care hospitals and four ambulatory surgery centers in Arizona, Florida, Texas and Utah.
Loudcloud [LDCL] offers businesses a new solution for outsourcing global Internet operations.
UTI [UTIC] designs and manufactures miniature tubular and machined parts.
=========================================================
Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
Budget Group [BD] Q4 -$0.40 vs. -$0.37
=========================================================
Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
=========================================================
Non-Farm Payrolls Feb 75,000 vs. 268,000
Unemployment Rate Feb 4.2% vs. 4.2%
Average Hourly Earnings Feb 0.3% vs. 0%
Average Work Week Feb 34.2 vs. 34.3
Ralph
=========================================================
Market Preview for Thursday - 15.03.01
=========================================================
Verity [VRTY] after Wednesday's close reported a third-quarter profit of $0.25 a share, beating the First Call consensus estimate by $0.02. Verity shares gained 8% in after-hours trading.
CoSine Communications [COSN] late Wednesday lowered pro forma revenue
expectations for the current quarter. The company also lowered its earnings
estimate. Its shares plunged as much as 31% in after-hours trading.
After Wednesday's close, Texas Instruments [TXN] said it would close its Santa Cruz, California, factory and cut the 600 jobs there.
Baxter International [BAX] and LSI Logic [LSI] hold analyst meetings on Thursday.
Word On The Street
"It doesn't feel like we are going back to 4,000 on the Nasdaq," says Andy
Brooks of T. Rowe Price. "Cautious investors are taking little bites and nibbling. It is very tough to be putting all your chips on black in this environment."
=========================================================
Expected Initial Public Offerings
=========================================================
QK Healthcare [KRX] $14-$16
QK Healthcare [KRX] sells branded and generic pharmaceutical and other medical products to retailers, pharmacy benefit programs and other distributors.
=========================================================
Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
Adobe [ADBE] Q1 $0.24 vs. $0.28
Oracle [ORCL] Q3 $0.10 vs. $0.09
Ralph
=========================================================
Market Preview for Friday - 16.03.2001
=========================================================
Compaq Computer [CPQ] after Thursday's close said it would cut 5,000 jobs as part of a restructuring designed to streamline the company's PC operations. The company also lowered its sales projections.
Oracle [ORCL] late Thursday reported third-quarter earnings of $0.10 a share, matching the First Call consensus estimate. The company, though, said its outlook remained difficult. Oracle shares edged lower in after-hours trading.
After Thursday's close, Adobe Systems [ADBE] reported first-quarter earnings of $0.33 a share, beating Wall Street forecasts by $0.05. Adobe shares climbed as much as 10% in after-hours trading.
Fed Chairman Alan Greenspan testifies before the Senate Finance Committee
on trade policy on Friday.
Shares of Dynacq International [DYII] and AFLAC [AFL] are expected to split 2-for-1 based on Friday's closing prices.
Word on the Street
"We have a rally going here in the Dow and the Composite -- somewhat tepid,
considering yesterday's [Wednesday] fall in the Dow, but it's somewhat consoling," says Peter Cardillo of Westfalia Investments.
=========================================================
Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
=========================================================
Housing Starts Feb 1,600,000 vs. 1,651,000
Producer Price Index Feb 0.1% vs. 1.1%
PPI, excluding food and energy Feb 0.1% vs. 0.7%
Industrial Production Feb -0.2% vs.-0.3%
Capacity Utilization Feb 79.9% vs. 80.2%
Ralph
=========================================================
Market Preview for Next Week - 19.03. - 23.03.2001
=========================================================
The Federal Open Market Committee meets next week with a decision on
interest rates expected on Tuesday at 2:15 PM EST. Anything less than a 75 basis point reduction would disappoint the markets. Investors, though, will be looking for hints of further rate cuts in May given Wall Street's recent
plunge.
Micron Technology [MU] is expected to report second-quarter results on
Wednesday. Analysts are forecasting a profit of $0.01 a share. Micron
missed estimates for its previous quarter. Other companies reporting next
week include Goldman Sachs [GS], Net2Phone [NTOP] and Red Hat [RHAT].
Boeing [BA] holds an analyst meeting on Thursday and Friday, while Applied
Materials [AMAT] holds an analyst meeting on Thursday.
Guidant [GDT] after Friday's close said it's voluntarily halting production
and sales of its Ancure System. As a result, the company will take a $12
million to $15 million charge to first-quarter earnings.
Exabyte [EXBT] late Friday said it would cut about 250 jobs in attempt to
reduce some $20 million in annual expenses. Exabyte also said three of its
vice presidents are leaving the company.
Shares of Krispy Kreme Doughnuts [KREM] are expected to split 2-for-1 based on Monday's closing price.
Word On The Street
"Some bargain hunters are stepping in now, but you can see that there isn'ta lot of conviction," says James Weiss of State Street Research.
=========================================================
Expected Initial Public Offerings for Next Week
=========================================================
March 20
QK Healthcare [KRX] $14-$16
March 21
Verisity [VRST] $8-$10
March 22
Agere Systems [AGR] $12-$14
QK Healthcare [KRX] sells branded and generic pharmaceutical and other
medical products to retailers, pharmacy benefit programs and other
distributors.
Verisity [VRST] is a provider of proprietary technologies and software
products used to verify the design of electronic systems and complex
integrated circuits to the communications and other electronics industries.
Agere Systems [AGR], formerly known as the Microelectronics Group of Lucent [LU], is a leader in semiconductors for communications applications.
=========================================================
Selected Expected Earnings Releases for Monday
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
Electro Scientific Industries [ESIO] Q3 $0.82 vs. $0.43
Entegris [ENTG] Q2 $0.22 vs. $0.17
FSI International [FSII] Q2 $0.22 vs.-$0.12
Hibbett Sporting Goods [HIBB] Q4 $0.50 vs. $0.41
McCormick & Co. [MKC] Q1 $0.35 vs. $0.35
Net2Phone [NTOP] Q2 -$0.29 vs.-$0.17
Paychex [PAYX] Q3 $0.17 vs. $0.13
=========================================================
Projected Economic Releases for Next Week
(Consensus Forecasts vs. Previous Report)
=========================================================
March 20
International Jan -$33 billion vs. -$33 billion
Trade Balance
March 21
Consumer Price Index Feb 0.2% vs. 0.6%
Consumer Price Index, Feb 0.2% vs. 0.3%
excluding food and energy
Wieder volles Programm !
Ralph
=========================================================
Market Preview for Wednesday - 21.03.2001
=========================================================
Jabil Circuit [JBL] after Tuesday's close reported second-quarter earnings of $0.21 a share, beating the First Call consensus estimate by a penny. The
company also reduced its third- and fourth-quarter outlook. Jabil shares,
though, edged higher in after-hours trading.
Powerwave Technologies [PWAV] late Tuesday said its first-quarter financial
results would miss forecasts due to the economic slowdown, order push-outs and a relocation of production. Powerwave shares fell 21% in after-hours trading.
After Tuesday's close, Nike [NKE] reported third-quarter earnings of $0.35 a share, in line with lowered projections.
Commerce One [CMRC] late Tuesday said it would buy privately-held
Exterprise in a stock deal valued at $78 million.
Shares of Aspect Communications [ASPT] fell as much as 23% in Tuesday's
after-hours session following the company's announcement that it is
lowering first-quarter financial targets.
Nokia [NOK] holds its annual meeting in Helsinki on Wednesday.
Photronics [PLAB] holds an analyst meeting on Wednesday.
Shares of GenesisIntermedia.com [GENI] are expected to split 3-for-1 based on Wednesday's closing price.
Word On The Street
"The Fed is concentrating on the economy, not on bailing out Nasdaq
investors," said Gary Shilling, who oversees $100 million at A. Gary
Shilling & Co. in Springfield, New Jersey.
=========================================================
Expected Initial Public Offerings
=========================================================
QK Healthcare [KRX] $14-$16
Verisity [VRST] $8-$10
QK Healthcare [KRX] sells branded and generic pharmaceutical and other
medical products to retailers, pharmacy benefit programs and other
distributors.
Verisity [VRST] is a provider of proprietary technologies and software
products used to verify the design of electronic systems and complex
integrated circuits to the communications and other electronics industries.
=========================================================
Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
3Com [COMS] Q3 -$0.35 vs. $0.21
Bear Stearns [BSC] Q1 $1.28 vs. $1.89
Carnival [CCL] Q1 $0.20 vs. $0.28
Darden Restaurants [DRI] Q3 $0.39 vs. $0.36
FedEx [FDX] Q3 $0.36 vs. $0.37
Lehman Brothers [LEH] Q1 $1.37 vs. $1.85
Lennar [LEN] Q1 $0.64 vs. $0.40
Micron Electronics [MUEI] Q2 $0.02 vs. $0.06
Micron Technology [MU] Q2 $0.01 vs. $0.29
Morgan Stanley [MWD] Q1 $0.93 vs. $1.34
=========================================================
Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
=========================================================
Consumer Price Index Feb 0.2% vs. 0.6%
Consumer Price Index, Feb 0.2% vs. 0.3%
excluding food and energy
Ralph
=========================================================
Market Preview for Thursday - 22.03.01
=========================================================
Dallas Semiconductor [DS] after Wednesday's close said it expects first-quarter revenue to be 30% lower than the previous quarter. Its shares fell 7% in after-hours trading.
Micron Technology [MU] was expected to release its second-quarter results after Wednesday's close but, at the last minute, announced it has shifted that date until the week of March 26. Shares of Micron gained 4% on the news.
After Wednesday's close, Standard & Poor's announced IndyMac Bancorp [NDE]
will replace Flowers Industries [FLO] in the S&P MidCap 400 Index after the
close of trading on March 26. Also, O'Charley's [CHUX] and Power Integrations [POWI] will replace Damark International 'A' [DMRK) and Adaptive Broadband [ADAP] in the S&P SmallCap 600 Index.
Haemonetics [HAE] will replace Great Plains Software [GPSI] in the S&P SmallCap 600 Index after the close of trading on March 28. And, INAMED [IMDC] will replace Morgan Keegan [MOR] in the S&P SmallCap 600 Index.
Shares of NetIQ [NTIQ] slid 13% in Wednesday's after-hours session following the company's announcement it expects third-quarter earnings of $0.13 to $0.17 a share. Analysts polled by First Call expected $0.21 a share.
After Wednesday's close, Liberate Technologies [LBRT] reported a third-quarter loss of $0.09 a share, beating Wall Street forecasts by $0.03. The company also guided higher for the fourth quarter. Liberate shares rose 3% in after-hours trading.
Applied Materials [AMAT] and Boeing [BA] hold analyst meetings on Thursday.
Shares of First Republic Bank [FRC] are expected to split 3-for-2 based on
Thursday's closing price.
Word On The Street
"The economy is slowing down and the bottom line is every piece of news is negative," says Kenneth Sheinberg of SG Cowen. "selling begot selling; it snowballed."
=========================================================
Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson Financial)
=========================================================
Barnes & Noble [BKS] Q4 $1.21 vs. $1.27
ConAgra [CAG] Q3 $0.18 vs. $0.41
Gucci [GUC] Q4 $0.86 vs. $0.97
Intermagnetics [IMG] Q3 $0.15 vs. N/A
Texas Instruments [TXN] Q3 $0.18 vs. $0.47
TIBCO Software [TIBX] Q4 $0.03 vs. $0.01
WebMD [HLTH] Q4 -$0.16 vs.-$0.50
Ralph
=========================================================
Market Preview for Friday - 23.01.2001
=========================================================
Red Hat [RHAT] after Thursday's close said it broke even on a per-share
basis for its fourth quarter, compared with a loss of $0.04 during the same
period last year. Analysts polled by First Call expected a loss of a penny
a share. Red Hat shares rose 10% in after-hours trading.
Shares of Immunex [IMNX] plunged as much as 44% in Thursday's after-hours session following the company's announcement it was terminating studies of its drug Enbrel because of disappointing results.
WebMD [HLTH] late Thursday reported a fourth-quarter loss of $0.14 a share, beating Wall Street forecasts by $0.02. Revenue rose 32% from the previous quarter.
After Thursday's close, Tibco Software [TIBX] reported pro-forma operating
income of $0.06 a share for its first quarter, compared with $0.01 during
the same quarter last year. Analysts expected $0.03 a share. Tibco shares
rose 10% in after-hours trading.
Shares of Innodata [INOD] are expected to split 2-for-1 based on Friday's
closing price.
Word On The Street
"There continue to be more fears about corporate earnings, and it's
overshadowing the Fed, and the fears about Europe and Asia are growing
too," says Walt Czaicki of Banc of America Capital Management.
Ralph
=========================================================
Market Preview for Next Week
=========================================================
Fed Chairman Alan Greenspan could move Wall Street next week when he gives a speech to the National Association of Business Economists on Tuesday. Any hints of an interest-rate cut before May's FOMC meeting might give the markets a boost.
Shares of Calpine [CPN] could move higher next week after the company meets with analysts on Thursday and Friday.
Micron Technology [MU], which postponed the release of its financial results, reports its second-quarter earnings next week. The First Call consensus estimate is for a loss of a penny a share, although company
executives said it would turn a slight profit in the quarter on sales of $1.05 billion. Palm [PALM] also reports earnings next week, with Wall Street expecting a profit of a penny a share. Palm beat estimates the last time it reported. Other companies expected to report financial results next week include Manugistics [MANU] and Tech Data [TECD].
Shares of AVAX Technologies [AVXT] could move lower Monday after the company was informed by the Food & Drug Administration that clinical activities for M-Vax and O-Vax autologous cancer vaccines have been laced
on clinical hold pending further review by the FDA.
Bowater after Friday's close warned its first-quarter earnings would
be much lower than Wall Street forecasts.
[b]Word On The Street
"We were spoiled in the 1990s, no question," says Al Goldman of A.G.
Edwards [AGE]. "We've managed to remove the irrational exuberance, but what we've got now is irrational gloom."
=========================================================
Expected Initial Public Offerings for Next Week
=========================================================
March 29
Agere Systems [AGR] $6-$7
March 30
Select Medical [SLMC] $11-$13
Agere Systems [AGR], formerly known as the Microelectronics Group of Lucent
[LU], is a leader in semiconductors for communications applications.
Select Medical [SLMC] is developing a national network of specialized,
acute healthcare facilities and services including long-term acute care
hospitals, inpatient and outpatient rehabilitation and contract therapy
services.
=========================================================
Selected Expected Earnings Releases for Monday
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
Manugistics [MANU] Q4 $0.05 vs.-$0.02
Miravant [MRVT] Q4 -$0.35 vs.-$0.33
Walgreen [WAG] Q2 $0.28 vs. $0.23
=========================================================
Projected Economic Releases for Next Week
(Consensus Forecasts vs. Previous Report)
=========================================================
March 26
New Home Sales Feb 918,000 vs. 921,000
March 27
Durable Goods Orders Feb 0.5% vs.-6.5%
Consumer Confidence Mar 105 vs.106.8
March 29
Real GDP (final) Q4 1.1% vs. 1.1%
GDP Deflator Q4 1.9% vs. 1.9%
March 30
Personal Income Feb 0.4% vs. 0.6%
Personal Spending Feb 0.3% vs. 0.7%
Ralph
=========================================================
Market Preview for Tuesday - 27.03.2001
=========================================================
Fed Chairman Alan Greenspan could move Wall Street Tuesday when he gives a speech to the National Association of Business Economists. Any hints of an interest rate cut before May's FOMC meeting might give the markets a boost.
Manugistics [MANU] after Monday's close reported fourth-quarter earnings of $0.05 a share, matching the First Call consensus estimate. The company also said it continues to see robust demand for its products. Manugistics shares rose 3% in after-hours trading.
Shares of TranSwitch [TXCC] fell 13% in Monday's after-hours session
following the company's announcement it would miss first-quarter estimates.
After Monday's close, HotJobs.com [HOTJ] said it cut 15% of its staff, but
expects to become profitable no later than the fourth quarter.
Agrium [AGU] late Monday said it expects to meet analysts' earnings
expectations this year based on the improving market for nitrogen-based
fertilizer.
Word On The Street
"We're way, way, way, way oversold and we're due for a nice bounce," says Scott Bleier of Prime Charter. "I don't know how long it will last."
=========================================================
Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
American Greetings [AM] Q4 $0.75 vs. $0.87
Apollo [APOL] Q2 $0.09 vs. $0.11
HB Fuller [FULL] Q1 $0.38 vs. $0.68
Palm [PALM] Q3 $0.01 vs. $0.03
Sonic [SONC] Q2 $0.20 vs. $0.19
=========================================================
Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
=========================================================
Durable Goods Orders Feb 0.5% vs. -6.5%
Consumer Confidence Mar 105 vs. 106.8
Ralph
=========================================================
Market Preview for Wednesday - 28.03.2001
=========================================================
Nortel Networks [NT] after Tuesday's close warned it expects a first-quarter loss in the range of $0.10 to $0.12 a share, compared with an
earlier forecast loss of $0.04 a share. The company also said it would cut
5,000 additional jobs. Nortel shares fell 12% in after-hours trading.
Shares of Palm [PALM] plunged 35% in Tuesday's after-hours session
following the company's announcement it beat expectations for the third
quarter, but said it's cutting jobs and predicting a fourth-quarter loss.
After Tuesday's close, Standard & Poor's announced FIserv [FISV] would
replace Old Kent Financial [OK] in the S&P 500 Index after the close of
trading on March 30. Also, Mirant [MIR] will replace Briggs & Stratton
[BGG] in the S&P 500 Index after the close of trading on April 2.
Biogen [BGEN] late Tuesday confirmed its earlier earnings targets, saying
it expects first-quarter earnings per share to fall between $0.45 and
$0.46. Its shares, though, edged lower in after-hours trading.
After Tuesday's close, Psi Technologies [PSIT] said its first-quarter
revenue would come in lower than previously expected.
Word On The Street
"People are doing some housecleaning," says Tim Heekin of Thomas Weisel
Partners. "They are selling out some securities that they don't want to
show owning. We are seeing some buying of quality names."
=========================================================
Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
ATI Technologies [ATYT] Q2 -$0.10 vs. $0.21
Cabletron [CS] Q4 $0.05 vs. $0.15
Finish Line [FINL] Q4 $0.29 vs. $0.26
National Service Industries [NSI] Q2 $0.38 vs. $0.49
Tech Data [TECD] Q4 $0.86 vs. $0.67
Ralph
=========================================================
Market Preview for Thursday - 29.03.2001
=========================================================
Tech Data [TECD] reported fourth-quarter earnings of $0.92 a share, exceeding analysts' expectations by $0.06. But the distributor of microcomputer products lowered its Q1 earnings guidance, blaming the slowdown in information technology spending. Shares of Tech Data fell slightly in after-hours trading.
Novatel Wireless [NVTL], a developer of wireless modems and associated software, warned of lower-than-expected revenue and earnings in the first quarter.
Cabletron Systems [CS] reported earnings of $10.7 million, or $0.06 a share, topping analysts' forecasts by a penny.
JNI Corp. [JNIC] said it expects Q1 earnings to miss analysts' forecasts by $0.09 to $0.10 a share. The company, which makes adapters for networks built around Sun Microsystems' [SUNW]] platform, cited weakness in the un
server market.
Belo Corp. [BLC], owner of the Dallas Morning News, announced after the bell of lower Q1 earnings due to a softer advertising market and higher newsprint costs.
Industrial and medical equipment maker Misonix [MSON] lowered its revenue growth targets for the full fiscal year to a range between 8 and 15 %, down from its previous goal of 15 to 18%.
Shaw Communications [SJR] announced it would purchase 250,000 cable modems from Terayon Communication Systems [TERN] in order to meet growing subscriber demand for broadband services in Western Canada.
Viasystems Group [VG] lowered its Q1 revenue by 15% and said its Q1
earnings would be $0.03 to $0.04 a share shy of analysts' expectations.
PC maker PC Connection [PCCC] also expects lower first-quarter results due to slowing sales and said it was cutting 125 jobs.
Harris Interactive [HPOL], an Internet-based market research company, said it expects to report a wider-than-expected loss for its latest quarter of
between $0.17 and $0.19 a share, just off of analysts' forecastsa of a
16-cent loss.
The board of directors at Spectrum Control [SPEC] authorized a $6 million
share buyback of stock in the manufacturer of electronic control products.
Word On The Street
"I'm not saying you should mortgage the farm, but if you have cash on the
sidelines, it may be time to start putting some of it to work," says Alfred
Kugel of Stein Roe & Farnham.
=========================================================
Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
Corel [CORL] Q1 -$0.01 vs.-$0.29
Countrywide Credit [CCR] Q4 $0.84 vs. $0.65
=========================================================
Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
=========================================================
Real GDP (final) Q4 1.1% vs. 1.1%
GDP Deflator Q4 1.9% vs. 1.9%
Ralph
=========================================================
Market Preview for Friday - 30.03.2001
=========================================================
Micron Technology [MU] after Thursday's close reported a second-quarter
loss of $0.01a share, beating Wall Street forecasts by $0.02. Micron's
shares edged higher in after-hours trading.
Corel [CORL] late Thursday reported a fourth-quarter profit of $0.01 a share, in line with the company's pre announcement last week. Its shares,
though, gained 12% in after-hours trading.
Shares of Wireless Facilities [WFII] plunged as much as 29% in Thursday's
after-hours session following the company's announcement it would miss
first-quarter revenue and earnings targets.
Tyson Foods [TSN] late Thursday announced it was discontinuing its planned merger with IBP [IBP]. Tyson's shares soared 26% in after-hours trading, while IBP fell 30%.
After Thursday's close, Ryder System [R] warned its first-quarter profit
would fall below expectations.
Genesis Microchip [GNSS] after Thursday's close warned investors that its
fourth-quarter earnings would fall short of previous estimates. Its shares
dropped 20% in after-hours trading.
Word On The Street
"It is not based on fundamentals at this point," says Richard Sichel of
Philadelphia Trust. "It is based on the short term and on fear."
=========================================================
Selected Expected Earnings Releases
(Consensus Estimates vs. Last Year, Provided By First Call/Thomson
Financial)
=========================================================
Adelphia Communications [ADLAC] Q4 -$1.02 vs.-$1.05
=========================================================
Projected Economic Releases
(Consensus Forecasts vs. Previous Report)
=========================================================
Personal Income Feb 0.4% vs. 0.6%
Personal Spending Feb 0.3% vs. 0.7%
Ralph
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