PremierInvestor.net Newsletter Weekend Edition 07-13-2001 section 1 of 3 Copyright © 2001, All rights reserved. Redistribution in any form is strictly prohibited. The entire newsletter is best viewed in COURIER 10 for alignment ================================================================= To view this email newsletter in HTML format with imbedded charts and graphs, click here: http://www.PremierInvestor.net/htmlemail/8535_1.asp ================================================================= In section one: Market Wrap: Are These Indexes Saying Economic Recovery? Market Sentiment: Capre Diem, Quam Minimum Credula Postero Play-of-the-Day: Not Playing Games Here Watch List: Watch Out! Bulls Headed This Way. ------------------------------------------------------------------ U.S. Market Numbers ------------------------------------------------------------------ MARKET WRAP (view in courier font for table alignment) ------------------------------------------------------------------ WE 7-13 WE 7-06 WE 6-29 WE 6-22 DOW 10539.06 +286.38 10252.68 -249.72 10502.40 -102.19 - 19.05 Nasdaq 2084.79 + 80.63 2004.16 -156.38 2160.54 +125.72 + 6.39 S&P-100 626.85 + 13.90 612.95 - 19.07 632.02 - 4.13 + 9.52 S&P-500 1215.68 + 25.09 1190.59 - 33.79 1224.38 - .97 + 10.99 W5000 11271.92 +212.36 11059.56 -347.59 11407.15 + 94.70 + 74.45 RUT 490.71 + 7.45 483.26 - 29.38 512.64 + 23.99 - 6.48 TRAN 2940.35 +191.43 2748.92 - 81.04 2829.96 +153.47 - 17.13 VIX 23.87 - 1.10 24.97 + 3.34 21.63 - .87 - 3.83 Put/Call .65 .90 .58 ----------------------------------------------------------------- =========== Market Wrap =========== Are These Indexes Saying Economic Recovery? by Jeff Bailey No, they're not the most exciting stocks to watch, but if you believe that the MARKET is all knowing and predicts the future in the form of big bets on companies that will be showing strong bottom lines in the near future, perhaps the following indexes give hint that the economy will be fine in the months ahead. Morgan Stanley Cyclical Index (CYC.X) - weekly interval The deep cyclicals as a group had a bullish week as characterized by the Morgan Stanley Cyclical Index (CYC.X). For the week this group of stocks finished up 5% and looks ready to challenge its 52-week high of 585 set on May 21st. The perception among many traders is that this is a boring group of stocks to be invested in. This is a good group to monitor as it relates to an economic recovery in this part of the economic cycle. With little overhead supply in the way, I still think we might see a move similar to that found in early 1999 when this group of stock jumped from the 515 level to a high of 624 in a 5-week timeframe. Dow Jones Transportation Average (TRAN) - weekly interval Who hauls the product that many of the deep cyclicals produce? You got it! Many of the companies that make up the Dow Transports (TRAN). You would have thought this group of stocks would have blown a gasket with higher energy prices and a slowing economy. Yes, there's been a flat tire or two along the way, but the higher lows that have been forming on the weekly chart give hint that the MARKET believes in the group longer-term. Now that energy prices have abated in recent weeks, the group is starting to recover. With one variable (fuel costs) headed lower, the one question that remains is what the MARKET feels about the future of the economy. A break above the 3,017 level and the CYC.X at a new 52-week high might hint that the MARKET believes an economic recovery is just around the bend! If you only invest in technology stocks, I would think a trader could pull in some information from the above two groups of stocks if monitored over time. The deep cyclicals look to be in good shape and back above an old downward trend. A trader that believes in economics and understand the various cycles that an economy rolls through and also believes that the market is forward looking can then test economic theory against what he/she is seeing in the charts. Market historians love this kind of stuff as they can back-test what was taking place at different inflection points and breaks of trend on a chart, then correlate those points against other economically sensitive indexes. I'm also a believer that a relatively simple way to measure strength of a stock or index is to measure it against its 50-day and 200-day moving averages. Both of the above charts have their 10-week (50-day) and 40-week (200-day) moving averages overlaid. It's my belief that a technically stronger stock or index is trading above its 50-day and 200-day moving averages. A stock/index that is trading below its 50-day MA , but above its 200-day MA is showing "average" strength, while an index/stock that is trading below both is considered "weak." As I "click through" chart after chart of broader market indices and indexes, there are very few that are trading above their 200- day moving averages. For whatever reason the two indexes above are trading above both of these moving averages. Could it be that this is where "smart money" is placing its biggest bets? I think so and it makes so much sense. Place your biggest bets where an early economic upturn would be felt first, and sprinkle a few smaller bets in those stocks that will benefit down the road. ================ Market Sentiment ================ Carpe Diem, Quam Minimum Credula Postero The baby bull that was born yesterday managed to avoid the matador's sword today. It lost some of its verve, but left the door open for next week. The door is only open a crack as long as we have more resistance to overcome that support bolster it. Bullish percent data is also telling bullish traders to proceed with caution. Three of the four major indices remain in bear confirmed status, and the gains over the past two days have done little to repair the situation. PPI and consumer sentiment data are suggesting the economic situation is improving, but softening retails sales say otherwise. The Economic Cycle Research Institute's Weekly Leading Index also hints that an economic recovery isn't a sure bet. The index is a composite of seven leading business cycle indicators - money supply, industrial material prices, mortgage applications, stock prices, bond yields, bond quality spread, and initial claims for unemployment. The index provides insight into the state of the economy six months into the future, and was suggesting that a recovery should occur by the end of the year. But the index has declined for the past three weeks, raising some doubts about the certainty of a recovery. Sentiment indicators aren't giving any directional clues for the stock market. The VIX has halted its steep climb, but has only dropped to 23.87. Put/Call ratios are mixed. The OEX is approaching a bullish signal, but QQQ remains dangerously low. COT data has improved, but not enough to signal any meaningful reversals. So what will Monday bring? In 2001, the Nasdaq Composite has lost an average of 4.5 points on Mondays. There have been 11 positive Mondays with an average gain of 38 points, and 13 negative Mondays with an average loss of 41 points. The best Monday was on 5/21/00 when the Nasdaq gained 106 points. The worst Monday was four weeks earlier when the Nasdaq lost 104 points. My best guess is that resistance will be too much for the market on Monday, and we will revert back to the mean, gaining or losing only minimal points. ----------------------------------------------------------------- Market Volatility VIX 23.87 VXN 53.47 ----------------------------------------------------------------- Put/Call Ratio Call Volume Put Volume Total .65 633,553 412,720 Equity Only .59 537,910 315,119 OEX 1.56 15,318 23,860 QQQ .27 48,102 12,859 ----------------------------------------------------------------- Bullish Percent Data Current Change Status NYSE 36 - Bear Confirmed NASDAQ-100 26 - Bear Confirmed DOW 32 -2 Bear Confirmed S&P 500 50 - Bear Alert Readings above 70 are considered overbought, and readings below 30 are considered oversold. Bull Confirmed - Aggressively long Bull Alert - Cautiously long Bull Correction - pause or pullback in upward trend Bear Alert - Take defensive action if long Bear Confirmed - High risk if long, good conditions for shorting Bear Correction - Pause or rebound in downtrend ----------------------------------------------------------------- 10-Day Arms Index 1.18 Extreme readings above 1.5 are bullish, and readings below .85 are bearish. These signals don't occur often and tend be early, but when the do, they can signal significant market turning points. ----------------------------------------------------------------- Advancers Decliners NYSE 1755 1279 NASDAQ 1949 1689 New Highs New Lows NYSE 116 41 NASDAQ 112 65 ----------------------------------------------------------------- Advisory Sentiment Bullish Bearish Correction 50% 25.5% 24.5% ----------------------------------------------------------------- Commitments Of Traders Report: 07/03/01 Weekly COT report discloses positions held by small specs and commercial traders of index futures contracts at the Chicago Mercantile Exchange and Chicago Board of Trade. Small specs are the general trading public with commercials being financial institutions. Commercials are historically on the correct side of future trend changes while small specs tend to be wrong. S&P 500 Commercial traders have stopped their bearish trend, but no enough to signal any meaningful reversals. Commercials Long Short Net % Of OI 6/26/01 307,889 379,955 (72,066) (10.48%) 7/03/01 316,543 395,410 (78,867) (11.08%) 7/10/01 309,374 385,178 (75,804) (10.91%) Most bearish reading of the year: (111,956) - 3/6/01 Most bullish reading of the year: ( 41,144) - 5/1/01 Small Traders Long Short Net % of OI 6/26/01 130,914 56,269 74,645 39.88% 7/03/01 133,098 54,865 78,233 41.62% 7/10/01 135,587 59,889 75,698 38.72% Most bearish reading of the year: 36,513 - 5/01/01 Most bullish reading of the year: 91,122 - 3/06/01 NASDAQ-100 Institutions have decreased their net bearish position for seven straight weeks, and small traders are about to turn net bearish. The overall picture is still net bearish, but things are looking up. Commercials Long Short Net % of OI 6/26/01 26,263 35,690 ( 9,427) (15.22%) 7/03/01 26,544 34,880 ( 8,336) (13.57%) 7/10/01 26,688 34,640 ( 7,952) (12.97%) Most bearish reading of the year: (15,521) - 3/13/01 Most bullish reading of the year: (1,825) - 1/02/01 Small Traders Long Short Net % of OI 6/26/01 10,519 6,064 4,455 26.86% 7/03/01 10,443 7,063 3,380 19.31% 7/10/01 9,073 7,486 1,587 9.58% Most bearish reading of the year: (1,028) - 1/02/01 Most bullish reading of the year: 8,460 - 3/13/01 DOW JONES INDUSTRIAL Institutions have quickly reversed their position back to net bullish. I would like to see this trend persist for a few more weeks before I buy it. Commercials Long Short Net % of OI 6/26/01 11,371 12,759 (1,388) (5.8%) 7/03/01 12,761 14,623 (1,862) (6.8%) 7/10/01 13,743 12,999 744 2.8% Most bearish reading of the year: (8,322) - 1/16/01 Most bullish reading of the year: 8,925 - 5/22/01 Small Traders Long Short Net % of OI 6/26/01 4,756 6,341 (1,585) (14.28%) 7/03/01 4,708 5,715 (1,007) ( 9.66%) 7/10/01 5,048 7,835 (2,787) (21.63%) Most bearish reading of the year: (7,572) - 5/08/01 Most bullish reading of the year: 1,909 - 1/16/01 ----------------------------------------------------------------- ========================= Play-of-the-Day (Bullish) ========================= Electronic Arts - ERTS - Close: 58.95 Change: +0.85 Stop: 53.50 Original Comments When Selected On July 7th: Company Description: The Redwood City, California-based Electronic Arts is the worlds' largest publisher of video games. They have over 100 titles including the popular John Madden football games, Command & Conquer and SimCity. Over half of company revenue comes from games developed for console systems like the Sony Playstation (41-percent of sales), the Nintendo N64 and Microsoft's soon to be released xBox. Electronic Arts also acts as distributor for over 1,000 titles for 3rd party developers. The company is diversifying its business by operating a game channel for AOL and by creating its own EA.com subscription game site. However, it is the coming war between the deep pocket game console developers that ought to bring a smile to ERTS shareholders. Microsoft has said it will spend $500 million to promote its xBox console scheduled for release in early November. You can be certain the equally flush Sony will respond to protect their lucrative Playstation franchise and to launch their new Playstation 2. As a games developer for all the platforms, Electronic Arts is in a win-win situation. Fundamentals: In the fiscal year ended last March, the firm earned 4-cents per share on sales of $1.3 billion. The analysts' consensus forecast for the current year is for earnings of 61-cents per share on revenue of $1.6 billion. They predict the good times will continue the following year with earnings of $1.48 per share on revenue of $2.2 billion. Although the shares sport a high current P/E of 89 and a forward one of 37 for 2001, the firm's superior growth rate and recession resistant business model make the valuation reasonable. Why We Like It: For five consecutive years ERTS shares have increased an average of 25-percent from July 1st to September 30th. Taking out 1998's anemic rise of 2-percent and the average becomes 31-percent. This makes sense, as this quarter is when retailers stock up for the holidays. As a beneficiary of the massive amounts of holiday advertising in the hotly contested game console market, there is little reason to think that ERTS sales and shares will not have a similar rise this year. As far as an entry point is concerned, since last April $53 has proven to be a resilient support level and it held up well last week. On Friday, the shares went counter to the bear market and rebounded off of this level on high volume of 2.6 million shares traded. A good entry point would be following a confirmation of this bullish breakout with a close above $54.84 on a similar spike in volume. Our price objective is in the range of $63 to $67. To avoid getting whipsawed put we will set a stop at $50.00. Updated Comments: Nothing new to report for ERTS in the media. The stock has posted its 3rd positive day in a row and is quickly approaching potential resistance at $60. We finally have a positive MACD crossover but new trades should be entered into carefully. We could easily see the stock pull back to $56 or $57 before moving higher. Volume was less than average on Friday. Earnings are about two weeks away. Picked on July 7th @ $54.38 Gain since picked: + 4.57 Earnings Date: 7/26/01 (confirmed) ================================================================== WATCH LIST ================================================================== Oracle Corp. - ORCL - close: 19.50 change: -0.16 WHY WE LIKE IT: After going sideways for the last 4.5 months it finally looks like the bulls are trying to drive ORCL higher. The stock has been fighting with heavy resistance at $20 for the last couple of weeks. Buyers we able to drive the price higher back on April 19th but the bears took it right back down again. Now that the stock is slowly consolidating with higher lows the bulls are ready to try again. POTENTIAL TRIGGER EVENT: Once over the $20 barrier shares could easily appreciate 10% or more. Watch for the 200-dma to be resistance at $23.50. Our trigger point will be a close over $20. More conservative traders may want to wait for the second consecutive close over $20 before evaluating for a long play. --- PMC - Sierra - PMCS - close: 29.90 change: +1.11 WHY WE LIKE IT: If investors are returning to the semiconductor sector then PMCS might be a good stock to watch. Even though the SOX was down 12 points to 593.93, PMCS closed up almost 4 percent on Friday. The stock had been making lower highs but Friday's close pushed it above that bearish trend line. POTENTIAL TRIGGER EVENT: We need to see shares of PMCS confirm a breakout with a close over $32. Or if you're feeling more conservative a close over the 100 & 50-dma's near 33.90. Once over these obstacles the price could appreciate up to $40 - $44. Watch the volume as it appears to be climbing. Volume on Friday was 10 million compared to the normal 8.7 million. --- Usa Education Inc, - SLM - close: 77.24 change: +1.11 WHY WE LIKE IT: At $64.5 billion, USA Education is one of the biggest sources for college loans. You haven't heard of USA Education before? Then may you know them by the name Sallie Mae. The stock hit resistance at $76 back in early March. Since then shares have seen a slow and patient consolidation as it made a new base near the $65 area. That was mid-May. Shares have now appreciated and the bulls have managed to break through resistance at $76. POTENTIAL TRIGGER EVENT: Truthfully, we would have made this a play tonight. The strong steady climb, the timely pullbacks and new entry points seem to make it too easy. Seeing the stock close over $76 was the trigger. We would have preferred to see the move on higher volume but it still looks good. One could expect the stock to quickly appreciate to $80 but we might also see an entry point if shares pullback to $76. Be careful as earnings are expected on Thursday, July 19th. --- Americredit Corp. - ACF - close: 59.55 change: +0.84 WHY WE LIKE IT: More than doubling since the first of the year, investors should be pretty happy with ACF. Prone to significant two or three week retracements, buyers have taken these opportunities to pick up shares of ACF at easy to identify levels of support. We've been watching this one for several days and regret not publishing it on the watch list when it was at $54. POTENTIAL TRIGGER EVENT: The breakout came on July 10th as shares broke through resistance of $55 on almost double the normal volume. You can see that the bulls have continued to drive it higher. Instead of chasing the stock we are now looking for ACF to stall and consolidate again near $60 or more likely to dip back to $56 (or even $55) before bouncing higher again. --- NVR, Inc. - NVR - close: 163.75 change: +4.95 WHY WE LIKE IT: Like the price tag on many of the homes they build, shares of NVR look expensive at first glance. NVR's business model is involved in both building homes as well as mortgage banking. At $163 a share they do look expensive until you see that NVR has a P/E of 9.8. Back in April, NVR announced that net income rose 57% for Q1 2001. The stock has risen from a low near $80 in late November 2000 to over $200 in mid-May. The stock then fell, quite sharply, to find new support at $140. That was June 18th/19th. Since then shares of NVR have been forming a bullish technical pattern with buyers pushing up higher lows as sellers formed resistance at $162. POTENTIAL TRIGGER EVENT: This is another opportunity to see if a recent breakout can follow through and confirm a new trend. On Friday, shares closed above resistance of $162. The next test is the 100 & 50-dma both hanging just overhead at 165 and 167 respectively. Aggressive traders could jump in now, more patient investors might want to see it clear those two moving averages. Next resistance should be $180. Because of the price, this would be a great stock to trade options on but unfortunately there are no options on this security. ------------------------- -- Continuing to Watch -- ------------------------- Some stocks on the Watch List will be carried over from one day to the next if they continue to show potential but have not yet breached the trigger point. ------------------------- Best Buy Co. Inc - BBY - close: 68.17 change: +0.22 Thursday, July 12th Write Up: WHY WE LIKE IT: Did you know that the Best Buy Company is the same people who run MediaPlay.com, OnCue.com, SamGoody.com, Suncoast.com, MagnoliaHiFi.com in addition to BestBuy.com? Neither did we. We are most familiar with its retail stores upon which 68% carry the Best Buy name. Surprisingly, there seems to be a correlation between good news for the technology sector and consumer electronic stores. We like BBY for its positive (yet rocky) up trend since its break out above the 200-dma on April 18th, 2001. POTENTIAL TRIGGER EVENT: Shares of BBY have significant resistance between $69.50 and $70.00. Our signal to re-evaluate BBY as a long play would be a close over $70 on decent volume. If the tech stocks can continue climbing then BBY (which trades on the NYSE) might be on the play list soon. We don't have an earnings date for BBY yet but we'd expect one in late July. --- Nisource Inc Holding Company - NI - close: 26.00 change: -0.16 Thursday, July 12th Write Up; WHY WE LIKE IT: Completing its fourth down day in a row, we thought bearish investors might be looking for new victims if the tech sector can hold on to a rally. NI is an energy and utility-based holding company with operations in Indiana and New England. The company was formerly known as NIPSCO. Currently, the company is being investigated by a local utility regulatory commission for its base electric rates. Adding more injury to investors was a recent downgrade by Goldman Sachs who lowered estimates for 2001. POTENTIAL TRIGGER EVENT: The trigger point is pretty defined for NI. There is very important support at the $26 level. The stock has bounced here more than once and today is the third time since February that it has approached this support. Actually, on Feb. 2nd, 2001, shares of NI closed at 25.87 probably faking out several bearish traders when it quickly rebounded the next day. Considering the recent negative news, we're going to keep the evaluation point simple. If shares close under $26 we'll look into a short play on NI. More conservative traders may want to see it take out the old low of 25.87. --- Reebok Intl. - RBK - close: 32.43 change: -0.20 Thursday, July 12th Write Up: WHY WE LIKE IT: In this market it's hard not to like something hitting 52 week highs. RBK did so in late June and is looking to do it again. The stock has made a significant run since hitting a triple bottom against support at $22 in late April. We have seen the bulls tackle resistance at $32 and now that shares have seen a little profit taking buyers are stepping back in. POTENTIAL TRIGGER EVENT: From the recent high at $33, RBK has almost completely recovered a 10% pullback and today shares took off. Volume is lighter than we would want so we're waiting for shares to close over $33 as our signal that the bulls are ready for the next leg up. Earnings are expected on July 24th. --- THQ Inc - THQI - close: 58.55 change: -1.17 Wednesday, July 11th Write Up: WHY WE LIKE IT: Several analyst believe that the electronic game industry, while having a great run so far, still has plenty of room to go. If you believe that then pay attention to THQ Inc. The Company publishes titles for Sony's PlayStation and PlayStation 2, Nintendo 64, Nintendo Game Boy Color and personal computers. Indeed, if the gaming sector has seen the same move that shares of THQI have seen then it has been a good year. Mid-December of 2000 you could have bought shares of THQI for only $18.00. We can expect earnings for THQI on Thursday, July 19th next week. POTENTIAL TRIGGER EVENT: The stock has been consolidating under resistance at $60 for about four weeks now. We're starting to see higher lows and if shares can close above $60 and stay there then we might actually see an earnings run. ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to Contact Support ================================================================= DISCLAIMER ================================================================= This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of PremierInvestor.net may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. PremierInvestor.net staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control. Please read our disclaimer at: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter Weekend Edition 07-13-2001 section 2 of 3 Copyright © 2001, All rights reserved. Redistribution in any form is strictly prohibited. The entire newsletter is best viewed in COURIER 10 for alignment ================================================================= To view this email newsletter in HTML format with imbedded charts and graphs, click here: http://www.PremierInvestor.net/htmlemail/8535_2.asp ================================================================= In section two: Split Trader New Plays: Cerus Corporation - CERS Play Updates: CS, ATK, JCI, Closed Plays: Fiserv Inc. - FISV Net Bulls New Plays: Borland Software Corp - BORL (Bullish) Long Play Priceline.com - PCLN Bullish Play Updates: ERTS, IBM, NOK Short Play Updates: No active short NB plays Closed Plays: No closed NB lays Stock Bottom / Active Trader New Plays: RAIL (Bullish), LH (Bullish) Long Play Updates: PLAY, QQQ, THC, SGU Short Play Updates: CSG Systems CSG Closed Long Plays: No closed plays for SB ================================================================= Split Trader (ST) section ================================================================== ============ ST New Plays ============ ------------------------- New Split Candidate Plays ------------------------- Cerus Corporation - CERS - Close:$69.25 Change:+1.25 Stop:$65.00 Company Description: Cerus develops blood-pathogen inactivation systems intended to purify donated blood and improve the safety of blood transfusions. The company has just completed Phase III clinical trails for its Intercept Platelet blood system, which uses proprietary small- molecule compounds to prevent pathogens, including HIV, hepatitis B and C viruses, and other bacteria and viruses, from replicating in blood products. The firm is also researching technology for use in bone-marrow transplants. It has collaboration agreements with Baxter Healthcare Corporation (Baxter), the Pharmaceutical Division of Kirin Brewery Co., Ltd. (Kirin) and the Consortium for Plasma Science (the Consortium). Cerus has not received any revenue from product sales, and all revenue recognized by the Company to date has resulted from the agreements with Baxter and the Consortium and federal research grants. Fundamentals: Last year the firm lost $2.73 per share. In the current fiscal year, analysts expect the firm to lose $3.04 per share and $2.15 in 2002. Strategy: Cerus is the typical research development story. It has deep losses and a deep pipeline with several key products working towards final approvals in the US and Europe. Its stock performance also tells a promising story. The recent weakness in drug and biotech shares has not had a big effect on CERS. After driving from a low of $32.25 on April 4th to $76 on June 6th, the shares began trading in a range bounded by approximately $65.75 and $76. After twice attempting to best $76 the shares dropped to the lower range. The third time may be the charm as the shares are yet once more bouncing off the lower trading range. If history is being repeated the shares are gearing up for another run at $76. Each time an important level of resistance is tested it weakens, perhaps this is the time for a breakthrough. In any event, even a failed test of $76 would put a 10-percent gain on the table with prospects for more. Support exists at the before mentioned $65.75. We will institute a $65.00 stop. Picked on July 13th $23.90 Earnings Date 7/24(Not Confirmed) =============== ST Play Updates =============== ----------------------- SPLIT RUN Updates ----------------------- Cabletron Systems - CS - Close:$24.44 Gain:+0.54 Stop:$21.25 Cabletron had a nice day on Friday, gaining 2.25%. That helps to confirm the break away gap that formed on Thursday. If that stays open one more day, it should act as solid support if needed. With major resistance points cleared, CS looks free to run higher. Picked on June 29th at $23.90 Gain since picked: +0.54 Earnings Date 9/26/01 (unconfirmed) ----------------------- SPLIT CANDIDATE Updates ----------------------- Alliant Techsystems - ATK - Close:$90.99 Gain:-0.65 Stop:$88.00 Alliant gave back 65 cents of Thurday's gains, but remained above the top of little double bottom pattern that has formed. The short-term trend still looks higher, but ATK might run into some resistance at the 50-day moving average at $94. Picked on July 12th at $89.90 Gain since picked: +1.09 Earnings Date 8/9/01 === Johnson Controls - JCI - Close:$78.75 Gain:+0.50 Stop:$74.00 JCI tried to take control today, but only gained 50 cents. Not that a 50 cent gain isn't better than a 50 cent loss, but I would have liked to have seen the stock clear $78.95. This looks like a short-term area of resistance that needs to be broken. But the three-day trading range that has set up also gives us support around $76. Picked on July 10 at $76.20 Gain since picked: $2.55 Earnings Date 7/23/01 ----------------------- ST Closed Play ----------------------- Fiserv Inc. - FISV - Close:$61.05 Gain:-2.13 Stop:$61.00 Fiserv was due to pullback after gaining over $6 in 5 days, but unfortunately it pulled back too far and touched our stop. We were able to scrape a dollar out of this trade, but it looked to have so much more potential. Picked on July 10 at $59.94 Gain since picked: +1.06 Earnings Date 7/23 ================================================================== Net Bulls (NB) section ================================================================== ============ NB New Plays ============ -------------- New Bullish Play -------------- Borland Software Corp - BORL - Close:$15.98 Change:+0.73 Stop:$13.50 Company Description: The company, which began as Borland, changed its name to Inprise in 1998, and has now reclaimed its original name. After years of trying to sell desktop software, the company refocused on creating software development tools. The company is known for its programming language (Delphi), database software (InterBase) and Java application development software (JBuilder). Borland is currently emphasizing its Web-based application integration software, also known as middleware, which lets clients deploy online applications compatible with different hardware and software platforms. The company produces tools for a wide range of operating systems, including Windows, Linux, and Macintosh. Microsoft, once a rival, owns preferred stock that can be converted to a 10-percent stake. After being forgotten by many Wall Street analysts, in late June Bear Stearns became the first major brokerage to resume coverage of Borland, assigning a "Buy" rating. In a research note, analyst David Brener said, "Under new leadership, Borland appears well positioned to capitalize on trends moving in its favor." He added, "these trends involve a pickup in demand in Java tools market, its application server business and the market for rapid application development (RAD)--development tools that make programming easier. Borland addresses the latter market with its Linux and Web services business. The analyst also cited Borland's "improving fundamentals" and cheap stock price as the reason for initiating the coverage. The company has a $20 stock price target. The most significant advantage Borland has is its strong foothold in the Java development market. Java has become the most important language used for Internet development and is expected to be a $5.5 billion market by 2003 from $1.7 billion today. Its JBuilder tool has become the preferred tool, with a 78-percent jump in sales in the first quarter of 2001 as compared to the same quarter in 2000. Fundamentals: For the first three months of the year the company reported an 11- percent increase in revenue to $51.7 million from $46.5 million in the same period a year ago. Net income increased to $5.9 million (or 8-cents per share) against a loss of $1.1 million (or 2-cents per share) in the year ago quarter. Gross margins have improved from 81-percent to 85-percent. The company has a strong balance sheet with $264 million in cash and equivalents. First Cal estimates the firm will earn 41-cents per share this year and 53- cents in 2002. This gives the shares a forward P/E of 39 for 2001 and 30 for 2002. The industry average P/E is 42. Strategy: Along with its reappearance on investors' radar screens the shares have been climbing up the performance charts. The shares have jumped from the April 4th low of $6.25 to set a new 53-week high of $16.10 on Friday. This broke the $15.75 high from June 29th. With three consecutive days of rising volume, the shares seem likely to run into the July 24th earnings announcement. We concur with the Bear Sterns target price of $20. Picked on July 13th $15.98 Earnings Date 7/24(Not Confirmed) ================= NB Long Term Play ================= Priceline.com - PCLN - Close:$8.70 Change:+0.70 Stop:$7.00 Note: The solid prospects of this play are compelling us to make this play a short-term Bullish Selection and a Long-Term play. Company Description: At Priceline.com's Web site, buyers can "name their own price" for airline tickets, home financing, hotel rooms, new cars, rental cars, and telephone long distance. About 98-percent of revenue come from the travel related products. For airline tickets and hotel reservations, priceline.com generates revenue on the difference between the price paid by the individual and what priceline.com paid for the ticket or hotel room (the company also charges airline ticket buyers a handling fee). For cars and home financing, priceline.com earns a flat fee. Not everyone who bids through priceline.com gets as ticket. The company considers an individual's named price for a plane ticket "reasonable" if it's no more than 30-percent lower than the lowest fare for the route. During 2000 the company was able to fulfill about 47-percent of the "reasonable" bids it received for airline tickets and hotel rooms. Founder Jay Walker (who resigned as vice chairman at the end of 2000) owns 18-percent of the company with plans to reduce his stake further. Other investors include Cheung Kong (Holdings) Limited (15-percent), Hutchison Whampoa Limited (8-percent), and General Atlantic Partners (8-percent). Delta Air Lines holds warrants for 13-percent of Priceline.com. Fundamentals: Last year, the firm lost 22-cents per share (or $315.1 million) on a 156-percent increase in sales to $1.2 billion. Gross profit margins increased from 12-percent in 1999 to 15.6-percent in 2000. The company has no short or long-term debt and $98.7 million in cash. For the current 2001 fiscal year analysts expect the company to earn 3-cents per share on sales of $1.2 billion and 14-cents per share on $1.4 billion in 2002. This gives the company a forward P/E of 290 for 2001 and 62 for 2002. In its first-quarter report, the company raised guidance for the second and third quarter and estimated earnings of 1 to 2-cents per share for the second-quarter (they report on July 31st) on sales from $297 million to $310 million. Why We Like It: Now that the dust is settling from the dot-bomb, it is easier to take stock of the survivors absent the hype of the bubble and anguish of the burst. Despite its well-publicized withdrawal from its failed venture with name-your-own groceries and the entry of new competitors, Priceline.com has managed to grab a strong position in the online travel industry. The online travel industry is one of the few pure Internet areas flourishing. It is expected to grow 25-percent a year through 2005. The reason is a fundamental shift in the industry from traditional travel agents to online brokers like Priceline and rivals Expedia and Orbitz. Now that the restructured Priceline is focusing on its core travel market, it expects to reach profitability in its second-quarter. Margins are also expected to improve from 15.6-percent in 2000 to 20-percent in 2001. Considering the improved fundamentals, good prospects, and that the firms shares are selling at a discount to rivals Travelocity and Expedia, value investors are becoming increasingly attracted to Priceline stock. After plummeting from $99.75 during the height of the Internet craze to $1.06 in late December, the shares have slowly but steadily been gathering strength. The coming earnings announcement should provide some short-term impetus to the shares. A strong move last Friday suggests they are beginning another leg up to test $10. If the shares break over $10 they should be in good position to tackle the $15 to $18 range. Picked on July 13th $8.70 Earnings Date 7/31 (Not Confirmed) =============== NB Play Updates =============== ----------------------- NB Bullish Play Updates ----------------------- Electronic Arts - ERTS - close: 58.95 change: +0.85 stop: 53.50 Nothing new to report for ERTS in the media. The stock has posted its 3rd positive day in a row and is quickly approaching potential resistance at $60. We finally have a positive MACD crossover but new trades should be entered into carefully. We could easily see the stock pull back to $56 or $57 before moving higher. Volume was less than average on Friday. Earnings are about two weeks away. Picked on July 7th @ $54.38 Gain since picked: + 4.57 Earnings Date: 7/26/01 (confirmed) --- Intl. Business Mach. - IBM - close:$108.53 change:+1.28 stop:103.85 The Big Blue stock car is racing into earnings season and we quickly approach the final lap. IBM is due to report on Wednesday, July 11th, after the close. Estimates are for $1.15 a share. With a tech rally underway and fellow big-cap stock MSFT has pre-warned positive earnings. Will IBM meet or beat estimates or will they crash and burn littering debris that will seriously impede the rest of the market? As IBM's earnings announcement could be a market moving event (much less a stock moving event) we will NOT be holding this play over the announcement. To much excitement, too many whispers, too much expectation could turn a positive report into a "sell the news" as investors breathe a sigh of relief. Traders should take note that shares of IBM are approaching resistance. It would be natural to think that $110 would be resistance but in truth we should be watching the $111 level. Once over $111 then the stock could fast forward to $116 or even $120. Whatever the case, we will not be holding over earnings. Look for the drop on Tuesday or Wednesday of next week. Picked on July 11th @ $103.85 Gain since picked: + 4.68 Earnings Date: 7/18/01 (confirmed) --- Nokia Corp ADS - NOK - close:$18.30 change:-0.83 stop:17.50 Buying at the bottom is what Nokia investors are hoping for as the stock wallows near 22 month lows. Whether this is a buying opportunity or not depends on NOK's earnings report next Thursday. As many of us know the company has already warned that profits would be 15% to 25% less than previously projected. Analyst believe that NOK will come in on the low end of new estimates near 15 (European) cents. A full 70% of sales come from its phone unit. While there has been a serious slow down in world-wide demand the recent earnings report from rival Motorola, who reported a rise in sales for its own handset business, is giving some NOK investors hope the Finnish company might do the same and report a rise in phone sales. Whereas we often close plays prior to an earnings report, we are keeping the possibility of leaving this one open. Picked on July 12th @ $ 19.13 Gain since picked: -0.83 Earnings Date: 7/19/01 (confirmed) ================================================================== Stock Bottom / Active Trader (AT) section ================================================================== ============ AT New Plays ============ -------------- New Long Plays -------------- RailAmerica Inc. - RAIL - Close:$11.41 Change:+0.20 Stop:$10.25 Company Description: Number 103 in the Forbes 200 Best Small companies list this fast growing company operates short line railroads in six Canadian provinces and 22 states in the US, as well as in Australia and Chile. Overall, RailAmerica owns interests in 39 short line and regional railroads that cover about 11,000 route miles. It also manufactures a broad range of specialty truck trailers. The company has been unloading noncore operations to pay down debt incurred from its acquisition of US rival RailTex, but is looking to expand its international operations into Argentina and New Zealand. Fundamentals: Last year, the company earned 74-cents per share. Analysts predict the firm will earn $1.00 this year and $1.30 in 2002. This gives them a current P/E of 15 and a forward P/E of 11 for 2001 and 9 for 2002. The industry average P/E is 18. For the first quarter of 2001, revenue jumped 14-percent to $92 million from the year-ago quarter, net income moved from a loss of $1.1 million to a gain of $2.9 million. The company has total liabilities of $712 million and total assets of $815 million. Why We Like It: This company is well-managed with a low P/E and lots of debt. Thus far management has been able to manage the debt well and has been effective in trimming it down. However, the debt level makes this a play for more risk tolerant traders. The plus side is the debt was money well spent on strategic acquisitions. The $350 million purchase of RailTex alone gave RailAmerica 4,100 miles of rail lines in North America making it the world's largest operator of short line and regional railroads. Railroads are one of the first beneficiaries of an economic recovery and RailAmerica is well poised to take their share. Another wrinkle is the level of short interest in the shares. As of the latest figures available, on June 8th 35-percent of the company's small float of 2.6 million shares is in a short position. This means that as of that time, there were a lot of traders thinking this stock was going to drop. A short late-June spike in the shares may have shaken out some of the shorts, but it is also possible may a number are still lurking around. It also means that a positive move in this stock will force a number of nervous shorts to cover, driving the shares to new highs. This past week, the shares formed a base above support at $11.00. A spike in volume on Friday suggests the shares may be ready to break out of this area. The catalyst was a news release by the company, stating that it was revising its June and year-to-date carload figure up to account for sold railroads. For the year, they are reporting a 6-percent increase and a 2-percent increase in June. Another positive is the strong performance of the transports (check out Jeff Bailey's analysis in the Weekend Market Wrap); this indicates investors are rotating into the cyclicals to get positioned for an economic recovery. Add it up and we believe RAIL is ready to roll. We will enter this position with a $10.25 stop. Picked on July 13th $11.41 Earnings Date N/A(Not Confirmed) === Laboratory America - LH - Close: $83.98 Change:+2.67 Stop:$79.75 Company Profile: LH, an independent clinical laboratory company, offers a broad range of testing services used by the medical profession in the diagnosis, monitoring and treatment of diseases and other clinical states. For the 3 months ended 3/01, revenues rose 14% to $525.4M. Net income applicable to Common totaled $43.5M, up from $10.8M. Revenues reflect higher prices and volumes. Net income also reflects the absence of $14.9M in preferred dividends. Fundamentals: For the 2000 fiscal year the company's net income increased 50.6- percent. Analysts expect company earnings to rise from $2.50 in 2001 to $3.20 in 2002. This gives LH shares a low current P/E of 34 and a forward P/E of 26. Why We Like It: LH closed the week with a breakout above formidable resistance just under $82.00. For all intents and purposes this level had been tested on four separate occasions and the stock had not been able to get past it. This time was different, however, and it came on a day where volume exceeded the average number of shares traded. The Biotech sector has not had an easy time of things over the last 6 weeks. We believe that with earnings season on the horizon, LH has the potential to continue recent momentum. Technically, the recent crossover over of MACD suggests that the momentum could be in favor of LH. Stochastics indicate that the stock might require a breather before extending higher, perhaps slightly overbought. But, given the current trading range as well as the fundamental factors in LH's favor, we believe that if the requisite volume arrives on Monday, the rally could go as high as $89.00 in the short-term. Picked on July 13th $83.98 Earnings Date 7/23 (Confirmed) =============== AT Play Updates =============== ----------------- Long Play Updates ----------------- AmeriPath Path - PATH - Close:$32.94 Gain:+0.24 Stop:$29.50 Ameripath sold off in the morning, but kept clawing its way higher and finished up 24 cents. Not a great day, but it kept a string of 6 straight winning days intact. This stock will have to pause eventually, but hopefully not too soon. Picked on July 11th at $30.95 Gain since picked: +1.99 Earnings Date 7/31/01 === Nasdaq-100 Tracking Stock - QQQ - Close:$43.70 Gain:+0.25 Stop:$42.00 The triple Qs didn't have great day, but finished the week on a positive note. We should find out on Monday if this tracking stock has enough momentum to break through the May downtrend. Picked on July 6th at $41.65 Gain since picked: +2.05 Earnings Date N/A === Tenet Healthcare - THC - Close:$53.55 Gain:-0.75 Stop:$52.00 THC has been subject to some profit taking over the past two days, but the stock continues to look like a healthy patient, as long as the big gap that formed on Wednesday remains unfilled. An upgrade from Salomon Smith Barney should also help to bolster the stock. Picked on June 17th at $51.09 Gain since picked: +2.46 Earnings Date 7/25/01 === Star Gas Partners - SGU - Close:$21.10 Gain:+0.20 Stop:$19.50 Star Gas continues to amble around, while volume dries up. Sooner or later this stock is going to move. Picked on June 17th at $21.18 Gain since picked: -0.08 Earnings Date 7/26/01 ------------------ Short Play Updates ------------------ CSG Systems - CSG - Close:$54.01 Gain:-0.06 Stop:$57.75 GSG Systems finished down a whopping 6 cents. For most of the day it just hid in its tight little trading range. Those readers who were waiting for a break below $53.55 will need to wait another day. (see 1:30 intraday update) Picked on July 11th at $54.07 Gain since picked: +0.06 Earnings Date 7/31 ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to Contact Support ================================================================= DISCLAIMER ================================================================= This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of PremierInvestor.net may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. PremierInvestor.net staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control. Please read our disclaimer at: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter Weekend Edition 07-13-2001 Section 3 of 3 Copyright © 2001, All rights reserved. Redistribution in any form is strictly prohibited. The entire newsletter is best viewed in COURIER 10 for alignment ================================================================= To view this email newsletter in HTML format with imbedded charts and graphs, click here: http://www.PremierInvestor.net/htmlemail/8535_3.asp ================================================================= In section three: Split Announcement Expected/Likely Split Announcements For The Coming Week New Split Candidates: Johnson Controls, Inc. - JCI Market Watch for Week of July 14th - 21st - Major Earnings - Board of Directors Meetings - Stock Splits - Economic Reports ================================================================= ================== Split Announcement ================== Friday, July 13, 2001, 5:13 PM EDT Harleysville Rewards Shareholders During Friday's regular trading, Harleysville National Corp. (Nasdaq: HNBC) declared a 2-for-1 stock split on its common outstanding shares, payable in the form of a 100 percent stock dividend on August 10, 2001. While Harleysville has undergone numerous 21:20 dividends, this marks the first-ever 2:1 split in the Company's history. Effective on August 13, outstanding shares will number 18.28 million and the float will total approximately 16 million shares. The split announcement comes on the heels of second quarter earnings released on Thursday. Earnings of $7,121,000 increased over the prior year of $6,307,000, posting a 12.9 percent advance. Diluted EPS of $.76 were up 11.8 percent from $.68 for the year ago quarter. For June 30, 2001 the company's consolidated total assets rose 10.9% to $2,055,225,000. HNBC shares are thinly traded, with a 3-month volume under seven thousand shares. The stock closed up +0.38 on Friday to $44.15. Harleysville National Corporation operates 38 banking offices in 9 counties throughout Eastern Pennsylvania. Investment Management and Trust Services are provided throughout the company by its subsidiary, Harleysville National Bank and Trust Company. ======================================================= Expected/Likely Split Announcements For The Coming Week ======================================================= Date Expected Symbol Company To Announce* ================================================= DFXI Direct Focus 7/17 GDW Golden West Financial 7/18 STJ ST. Jude Medical 7/18 SLM USA Education 7/19 THQI THQ Incorporated 7/19 ================================================= DFXI - Direct Focus This fitness and health products marketing company completed its latest split just this past January, but low and behold, the stock has made its way back up to the twice-over historical split level of $45. There are enough authorized shares for a 3:2, which is the ratio the Board has favored in the past. We're going to be watching for Tuesday's earnings release as a catalyst for their next possible announcement. chart = === GDW - Golden West Financial Savings and loan company, Golden West, has announced three prior splits in the $40-50 range, giving us forewarning of an upcoming fourth split due to the stock's current levels. There are 159 million shares outstanding with only 200 million shares authorized, giving necessity to a shareholders meeting before final approval. The Company's earnings release on Wednesday could prove to be the Board's initial date of declaration. chart = === STJ - ST. Jude Medical St. Jude has held on to tremendous gains this year and even traded beyond the 52-week high on Friday at $66.75. This has us alerted to the fact that the last two stock splits (announced in 1990 and 1995) were at the $50 level and that the Company may be ready to bring prices down once again. There are 85.7 million shares outstanding and 250 authorized. Look to the earnings release on Wednesday as a trigger. chart = === SLM - USA Education Parent company of Sallie Mae, USA Education remains in range of March's 52-week high of $76.50, keeping prices at a good psychological level for a stock split. With 250 million shares authorized and 163 million shares outstanding, there is room for a 3:2 but we would expect the Company to increase authorized shares at some point. In 1998 SLM issued a 7-for-2 split which brought prices back down to a more manageable $40 per share. We're looking for another possible announcement in conjunction with the July 19 earnings release, however we admit that this one is a wildcard judging from how high the Board has let stock prices get in the past. chart = === THQI - THQ Incorporated The game software industry has been on a tremendous run this year with room for more gains, some analysts believe. THQI is right along with other stocks of this sector that have tripled over the last six months, making the company a good candidate for a split. As a matter of fact, shareholders are meeting on July 20 (the day after the earnings release) to vote on increasing the authorized shares to 75 million. Further convincing us of the Board's intention of at least a 3:2 announcement, the stock is currently trading well above previous split levels of $31 - $42. Look to either the earnings release on the 19th or the shareholders meeting on the 20th as the trigger event. chart = ======================================= New Split Candidates to add to the List ======================================= JCI - Johnson Controls, Inc. JCI was added to our candidates list on 7/10 and was immediately picked up for a Play recommendation in order to take advantage of, along with other issues, a breakout from resistance of $75. If momentum continues, the stock will soon be in close range of the last 2:1 stock split announced in 1997 at prices of $87.50. Earnings are due out on the 18th, providing a possible catalyst for another split if the Board feels that ambitious. Please see our Current Play List for detailed information. chart = ================================================== Market Watch for the week of June 25th - June 29th ================================================== ------------------------ Major Earnings This Week ------------------------ Symbol Company Date EPS Est Comment ADTN ADTRAN Mon, JUL 16 0.15 ----- n/a ----- AL Alcan Inc. Mon, JUL 16 0.57 Before the Bell BAC Bank of America Mon, JUL 16 1.18 07:30 am ET BK Bank of New York Mon, JUL 16 0.53 ----- n/a ----- CX Cemex, S.A. Mon, JUL 16 0.95 ----- n/a ----- C Citigroup Mon, JUL 16 0.73 Before the Bell CAL Continental Air Mon, JUL 16 0.58 ----- n/a ----- DOV Dover Mon, JUL 16 0.39 After the Close DSL Downey Financial Mon, JUL 16 1.03 Before the Bell ETN Eaton Mon, JUL 16 0.90 Before the Bell ESIO Electro Scientific Mon, JUL 16 0.51 After the Close ESV ENSCO Int'l Mon, JUL 16 0.42 Before the Bell FITB Fifth Third Bancorp Mon, JUL 16 0.58 Before the Bell GPT GreenPoint Fincl Mon, JUL 16 0.86 After the Close GMH Hughes Electronics Mon, JUL 16 -0.12 ----- n/a ----- RX IMS Health Mon, JUL 16 0.22 ----- n/a ----- LSS Lone Star Tech Mon, JUL 16 0.61 ----- n/a ----- MHK Mohawk Industries Mon, JUL 16 0.75 ----- n/a ----- NHP Nationwide Health Mon, JUL 16 0.52 4:00 pm ET NHY Norsk Hydro Mon, JUL 16 N/A ----- n/a ----- NTRS Northern Trust Mon, JUL 16 0.56 Before the Bell NVLS Novellus Systems Mon, JUL 16 0.39 After the Close PKG Packaging Corp Mon, JUL 16 0.25 Before the Bell PRK Park National Mon, JUL 16 1.37 ----- n/a ----- PNW Pinnacle West Mon, JUL 16 1.13 ----- n/a ----- RLRN Renaissance Lrning Mon, JUL 16 0.20 After the Close TIN Temple Inland Mon, JUL 16 0.45 ----- n/a ----- UIS Unisys Mon, JUL 16 0.09 After the Close WFT Weatherford Mon, JUL 16 0.40 Before the Bell ------------------------------------------------------------------ ADVS Advent Software Tue, JUL 17 0.23 After the Close ATI Allegheny Tech Tue, JUL 17 0.10 ----- n/a ----- ASO AmSouth Bancorpor Tue, JUL 17 0.35 ----- n/a ----- AAPL Apple Computer Tue, JUL 17 0.15 After the Close BWE BancWest Tue, JUL 17 0.47 After the Close ONE Bank One Tue, JUL 17 0.60 ----- n/a ----- BGEN Biogen Tue, JUL 17 0.46 Before the Bell BDK Black & Decker Tue, JUL 17 0.54 ----- n/a ----- CHRW C.H. Robinson Tue, JUL 17 0.25 After the Close BCR C.R. Bard Tue, JUL 17 0.67 ----- n/a ----- CDN Cadence Design Sys Tue, JUL 17 0.17 After the Close COF Capital One Tue, JUL 17 0.70 After the Close CSL Carlisle Companies Tue, JUL 17 0.65 Before the Bell CAT Caterpillar Tue, JUL 17 0.71 11:00 am ET CNT CenterPoint Prop Tue, JUL 17 0.92 After the Close CYN City National Tue, JUL 17 0.72 Before the Bell CCE Coca-Cola Tue, JUL 17 0.29 ----- n/a ----- CTSH Cognizant Tech Tue, JUL 17 0.29 Before the Bell CMA Comerica Tue, JUL 17 1.17 Before the Bell CBSH Commerce Bancshares Tue, JUL 17 0.70 ----- n/a ----- CORR COR Therapeutics Tue, JUL 17 0.05 Before the Bell CPO Corn Products Tue, JUL 17 0.43 Before the Bell CRY CryoLife Tue, JUL 17 0.13 Before the Bell DTL Dal-Tile Intl Tue, JUL 17 0.33 Before the Bell DCN Dana Tue, JUL 17 0.13 ----- n/a ----- DO Diamond Offshore Tue, JUL 17 0.33 Before the Bell DIGL Digital Lightwave Tue, JUL 17 0.25 4:00 pm ET DFXI Direct Focus Tue, JUL 17 0.50 After the Close DUK Duke Energy Tue, JUL 17 0.52 After the Close EK Eastman Kodak Tue, JUL 17 1.12 Before the Bell EXAR Exar Tue, JUL 17 0.02 Before the Bell FNM Fannie Mae Tue, JUL 17 1.27 ----- n/a ----- FE FirstEnergy Tue, JUL 17 0.68 ----- n/a ----- FRX Forest Laboratories Tue, JUL 17 0.36 Before the Bell FULT Fulton Financial Tue, JUL 17 0.37 ----- n/a ----- GCI Gannett Tue, JUL 17 0.88 Before the Bell GM General Motors Tue, JUL 17 1.14 08:00 am ET GNTX Gentex Tue, JUL 17 0.21 ----- n/a ----- GLM Global Marine Tue, JUL 17 0.34 Before the Bell GSB Golden State Banc Tue, JUL 17 0.68 Before the Bell GGG Graco Tue, JUL 17 0.58 ----- n/a ----- HSC Harsco Corporation Tue, JUL 17 0.59 Before the Bell HBAN Huntington Banc Tue, JUL 17 0.28 Before the Bell IEX Idex Tue, JUL 17 0.44 Before the Bell IDXX Idexx Laboratories Tue, JUL 17 0.29 07:00 am ET INTC Intel Tue, JUL 17 0.10 After the Close IP International Paper Tue, JUL 17 0.05 Before the Bell IWOV Interwoven Tue, JUL 17 0.00 5:00 pm ET IVC Invacare Tue, JUL 17 0.51 Before the Bell JNC John Nuveen Tue, JUL 17 0.83 Before the Bell JNJ Johnson & Johnson Tue, JUL 17 0.53 Before the Bell KEY KeyCorp Tue, JUL 17 0.06 Before the Bell KRI Knight-Ridder Tue, JUL 17 0.69 06:30 am ET MDC M.D.C Holdings Tue, JUL 17 1.32 Before the Bell MYG Maytag Tue, JUL 17 0.32 Before the Bell MEGa Media General Tue, JUL 17 0.30 Before the Bell MEL Mellon Bank Tue, JUL 17 0.55 ----- n/a ----- MER Merrill Lynch Tue, JUL 17 0.54 ----- n/a ----- MLNM Millennium Pharm Tue, JUL 17 -0.17 After the Close MLI Mueller Industries Tue, JUL 17 0.55 Before the Bell NCR NCR Tue, JUL 17 0.39 ----- n/a ----- NNS Newport News Tue, JUL 17 0.83 ----- n/a ----- PFE Pfizer Tue, JUL 17 0.29 ----- n/a ----- PPDI Pharma. Product Tue, JUL 17 0.19 After the Close PBI Pitney Bowes Tue, JUL 17 0.58 After the Close PLT Plantronics Tue, JUL 17 0.16 After the Close PPP Pogo Producing Tue, JUL 17 0.58 ----- n/a ----- PII Polaris Industries Tue, JUL 17 0.69 Before the Bell PMTC PTC Tue, JUL 17 0.03 Before the Bell RJF Raymond James Tue, JUL 17 0.44 ----- n/a ----- RNWK RealNetworks Tue, JUL 17 0.02 After the Close RFMD RF Micro Devices Tue, JUL 17 -0.05 After the Close RSLN Roslyn Bancorp Tue, JUL 17 0.45 ----- n/a ----- PHG Royal Philips Tue, JUL 17 N/A Before the Bell SDC Santa Fe Intl Tue, JUL 17 0.36 After the Close SKFR SKF AB ADR Tue, JUL 17 N/A Before the Bell SKYF Sky Financial Group Tue, JUL 17 0.35 ----- n/a ----- SWK Stanley Works Tue, JUL 17 0.58 Before the Bell STT State Street Tue, JUL 17 0.48 Before the Bell SYK Stryker Tue, JUL 17 0.32 4:00 pm ET SRDX SurModics Tue, JUL 17 0.10 After the Close TDS Telephone Data Tue, JUL 17 0.83 Before the Bell TER Teradyne Tue, JUL 17 -0.12 6:30 pm ET TSS TSYS Tue, JUL 17 0.13 ----- n/a ----- USM U.S. Cellular Tue, JUL 17 0.65 Before the Bell UHS Universal Health Tue, JUL 17 0.47 After the Close USB US Bancorp Tue, JUL 17 0.43 ----- n/a ----- VRTS Veritas Software Tue, JUL 17 0.19 After the Close VFC VF Tue, JUL 17 0.55 After the Close WM Washington Mutual Tue, JUL 17 0.81 After the Close WFC Wells Fargo Tue, JUL 17 0.01 Before the Bell WABC Westamerica Bancorp Tue, JUL 17 0.57 11:00 am ET WHR Whirlpool Tue, JUL 17 1.25 07:00 am ET ------------------------------------------------------------------ AKAM Akamai Technologies Wed, JUL 18 -0.50 ----- n/a ----- ALEX Alexander&Baldwin Wed, JUL 18 N/A After the Close AHAA Alpha Industries Wed, JUL 18 -0.09 5:15 pm ET ABK Ambac Financial Wed, JUL 18 0.98 Before the Bell ASD American Standard Wed, JUL 18 1.61 Before the Bell APH Amphenol Wed, JUL 18 0.53 ----- n/a ----- AMR AMR Wed, JUL 18 0.71 2:00 pm ET AOL AOL Time Warner Wed, JUL 18 0.28 Before the Bell AMCC Applied Micro Wed, JUL 18 -0.05 After the Close ASML ASM Lithography Wed, JUL 18 0.01 ----- n/a ----- BXS BancorpSouth Wed, JUL 18 0.28 After the Close BDX Becton Dickinson Wed, JUL 18 0.46 After the Close BA Boeing Wed, JUL 18 0.91 Before the Bell BOKF BOK Financial Wed, JUL 18 0.48 ----- n/a ----- BXP Boston Properties Wed, JUL 18 0.86 ----- n/a ----- BSX Boston Scientific Wed, JUL 18 0.20 ----- n/a ----- BRCM Broadcom Wed, JUL 18 -0.17 After the Close BR Burlington Wed, JUL 18 0.80 ----- n/a ----- CLS Celestica Wed, JUL 18 0.40 After the Close CD Cendant Wed, JUL 18 0.28 5:00 pm ET CTX Centex Corporation Wed, JUL 18 1.09 ----- n/a ----- CEN Ceridian Wed, JUL 18 0.13 Before the Bell CERN Cerner Wed, JUL 18 0.19 After the Close SRW Charles E. Smith Wed, JUL 18 0.98 After the Close CF Charter One Wed, JUL 18 0.57 After the Close CNF CNF Transportation Wed, JUL 18 0.16 Before the Bell CVTX CV Therapeutics Wed, JUL 18 -0.88 Before the Bell DPH Delphi Automotive Wed, JUL 18 0.29 ----- n/a ----- DNB Dun & Bradstreet Wed, JUL 18 0.32 After the Close ET E*Trade Wed, JUL 18 0.01 After the Close EMC EMC Wed, JUL 18 0.05 ----- n/a ----- EFX Equifax Wed, JUL 18 N/A Before the Bell ESRX Express Scripts A Wed, JUL 18 0.38 ----- n/a ----- EXTR Extreme Networks Wed, JUL 18 -0.01 After the Close FSS Federal Signal Wed, JUL 18 0.37 Before the Bell FBF FleetBoston Wed, JUL 18 0.79 Before the Bell F Ford Motor Company Wed, JUL 18 -0.34 07:00 am ET FRE Freddie Mac Wed, JUL 18 1.02 Before the Bell FCX Freeport-McMoRan Wed, JUL 18 0.24 10:00 am ET GD General Dynamics Wed, JUL 18 1.12 Before the Bell GPC Genuine Parts Wed, JUL 18 0.55 ----- n/a ----- GPN GLOBAL PMTS INC Wed, JUL 18 0.20 After the Close GDW Golden West Wed, JUL 18 1.19 ----- n/a ----- GBBK Greater Bay Bancorp Wed, JUL 18 0.48 After the Close HAND Handspring Inc Wed, JUL 18 -0.32 After the Close HET Harrah`s Ent Wed, JUL 18 0.48 ----- n/a ----- HNCS HNC Software Wed, JUL 18 0.13 After the Close HI Household Intl Wed, JUL 18 0.93 09:00 am ET HU Hudson United Wed, JUL 18 0.48 Before the Bell ITWO i2 Technologies Wed, JUL 18 -0.12 After the Close IBIS Ibis Technology Wed, JUL 18 -0.20 Before the Bell IMNX Immunex Wed, JUL 18 0.07 After the Close IBM IBM Wed, JUL 18 1.15 After the Close ISSX Internet Security Wed, JUL 18 -0.01 Before the Bell ITG Investment Tech Wed, JUL 18 0.59 Before the Bell JPM J.P. Morgan Chase Wed, JUL 18 0.65 Before the Bell JCI Johnson Controls Wed, JUL 18 1.44 Before the Bell KMI Kinder Morgan Wed, JUL 18 0.38 ----- n/a ----- NITE Knight Trading Wed, JUL 18 0.09 Before the Bell KFT Kraft Foods Inc. Wed, JUL 18 0.32 ----- n/a ----- LEG Leggett & Platt Wed, JUL 18 0.24 After the Close LVLT Level 3 Wed, JUL 18 -2.00 Before the Bell LECO Lincoln Electric Wed, JUL 18 0.51 Before the Bell LIN Linens `n Things Wed, JUL 18 0.12 Before the Bell MEA Mead Wed, JUL 18 0.14 Before the Bell MRBK Mercantile Bank Wed, JUL 18 0.62 Before the Bell MERQ Mercury Interactive Wed, JUL 18 0.18 2:00 pm ET MXT Metris Wed, JUL 18 0.60 ----- n/a ----- MUSE Micromuse Wed, JUL 18 0.12 After the Close MNMD Minimed Wed, JUL 18 0.13 Before the Bell NCBC National Commerce Wed, JUL 18 N/A ----- n/a ----- NAP National Processing Wed, JUL 18 0.26 Before the Bell NDN 99 CENTS Only Wed, JUL 18 0.20 Before the Bell NYT New York Times Wed, JUL 18 0.43 Before the Bell OO Oakley Wed, JUL 18 0.33 Before the Bell MO Philip Morris Wed, JUL 18 1.03 ----- n/a ----- POM Potomac Electric Wed, JUL 18 0.39 ----- n/a ----- PGR Progressive Wed, JUL 18 1.23 After the Close PFGI Provident Financial Wed, JUL 18 0.63 ----- n/a ----- PNM Public Svce Co NM Wed, JUL 18 0.85 After the Close RTN Raytheon Class B Wed, JUL 18 0.31 After the Close RHI Robert Half Intl Wed, JUL 18 0.20 After the Close JOE Saint Joe Company Wed, JUL 18 0.14 ----- n/a ----- SNDK SanDisk Wed, JUL 18 -0.06 After the Close SANM Sanmina Wed, JUL 18 0.13 After the Close SCHL Scholastic Wed, JUL 18 0.93 After the Close SEBL Siebel Systems Wed, JUL 18 0.13 After the Close SSTI Silicon Storage Wed, JUL 18 0.01 ----- n/a ----- SII Smith International Wed, JUL 18 0.72 Before the Bell SON Sonoco Products Wed, JUL 18 0.38 ----- n/a ----- SOTR SouthTrust Wed, JUL 18 0.39 Before the Bell STJ St. Jude Medical Wed, JUL 18 0.54 Before the Bell SDRC Structural Dynamics Wed, JUL 18 0.19 4:10 pm ET SUP Superior Industries Wed, JUL 18 0.51 ----- n/a ----- SYMC Symantec Wed, JUL 18 0.41 After the Close SNV Synovus Financial Wed, JUL 18 0.26 ----- n/a ----- TCB TCF Financial Wed, JUL 18 0.64 08:30 am ET TFX Teleflex Wed, JUL 18 0.82 ----- n/a ----- TLAB Tellabs Wed, JUL 18 0.00 Before the Bell KO The Coca-Cola Co Wed, JUL 18 0.43 08:00 am ET TVLY Travelocity.com Wed, JUL 18 0.04 After the Close UB UnionBanCal Wed, JUL 18 0.70 After the Close UTX United Technologies Wed, JUL 18 1.15 ----- n/a ----- U US Airways Wed, JUL 18 -0.57 Before the Bell ------------------------------------------------------------------ AOG Alberta Energy Thu, JUL 19 N/A Before the Bell ALE Allete Thu, JUL 19 0.53 Before the Bell ALL Allstate Thu, JUL 19 0.71 Before the Bell ANDW Andrew Corporation Thu, JUL 19 0.13 After the Close ATR AptarGroup Thu, JUL 19 0.54 After the Close ARB Arbitron Thu, JUL 19 0.14 Before the Bell ARBA Ariba Thu, JUL 19 -0.12 ----- n/a ----- ARTC ArthroCare Thu, JUL 19 0.11 After the Close ARM ArvinMeritor Inc. Thu, JUL 19 0.43 Before the Bell ASBC Associated Banc Thu, JUL 19 0.64 ----- n/a ----- ASFC Astoria Financial Thu, JUL 19 1.17 Before the Bell ATML Atmel Thu, JUL 19 0.06 4:00 pm ET AVP Avon Products Thu, JUL 19 0.57 Before the Bell BOL Bausch & Lomb Thu, JUL 19 0.22 Before the Bell BAX Baxter Intl Thu, JUL 19 0.41 Before the Bell BRW Broadwing Comm Thu, JUL 19 -0.18 ----- n/a ----- BOBJ Business Objects Thu, JUL 19 0.16 After the Close CDWC CDW Computer Thu, JUL 19 0.41 After the Close CHRT Chartered Semi Thu, JUL 19 -0.78 After the Close CTXS Citrix Systems Thu, JUL 19 0.17 After the Close CMRC Commerce One Thu, JUL 19 -0.14 After the Close CPWR Compuware Thu, JUL 19 0.11 After the Close CNXT Conexant Systems Thu, JUL 19 -0.44 After the Close ED Consolidated Edison Thu, JUL 19 0.41 ----- n/a ----- CTB Cooper Tire Thu, JUL 19 0.25 ----- n/a ----- CY Cypress Semi Thu, JUL 19 0.00 ----- n/a ----- CYT Cytec Industries Thu, JUL 19 0.61 After the Close DHI D.R. Horton Thu, JUL 19 0.84 Before the Bell DHR Danaher Thu, JUL 19 0.63 Before the Bell DAL Delta Air Lines Thu, JUL 19 -1.20 ----- n/a ----- DLX Deluxe Thu, JUL 19 0.59 Before the Bell DTC Domtar Thu, JUL 19 N/A ----- n/a ----- EPNY E.Piphany Thu, JUL 19 -0.29 ----- n/a ----- ELNK EarthLink, Inc. Thu, JUL 19 -0.27 Before the Bell EBAY eBay Thu, JUL 19 0.09 After the Close ECL Ecolab Thu, JUL 19 0.38 Before the Bell LLY Eli Lilly Thu, JUL 19 0.74 ----- n/a ----- EQT Equitable Resources Thu, JUL 19 0.46 Before the Bell FMER FirstMerit Thu, JUL 19 0.45 ----- n/a ----- FLEX Flextronics Thu, JUL 19 0.19 After the Close FO Fortune Brands Thu, JUL 19 0.64 Before the Bell GTW Gateway Thu, JUL 19 -0.01 After the Close GENZ Genzyme Thu, JUL 19 0.28 ----- n/a ----- GP Georgia-Pacific Thu, JUL 19 0.00 Before the Bell GDT Guidant Thu, JUL 19 0.37 After the Close HF Heller Financial Thu, JUL 19 0.73 After the Close HP Helmerich & Payne Thu, JUL 19 0.73 ----- n/a ----- HUBb Hubbell Thu, JUL 19 0.38 11:00 am ET IDPH Idec Pharm Thu, JUL 19 0.15 After the Close ITW Illinois Tool Works Thu, JUL 19 0.77 Before the Bell INCY Incyte Genomics Thu, JUL 19 -0.23 After the Close NDE IndyMac Bancorp Thu, JUL 19 0.45 Before the Bell INFA Informatica Thu, JUL 19 -0.01 After the Close IR Ingersoll-Rand Thu, JUL 19 0.55 Before the Bell INKT Inktomi Thu, JUL 19 -0.18 After the Close INSUA Insituform Tech Thu, JUL 19 0.42 After the Close IDTI Integrated Dev Tech Thu, JUL 19 -0.03 After the Close IGT Intl Gaming Tech Thu, JUL 19 0.70 Before the Bell ESI ITT Educational Thu, JUL 19 0.20 Before the Bell ITT ITT Industries Thu, JUL 19 0.83 Before the Bell LIZ Liz Claiborne Thu, JUL 19 0.62 Before the Bell MACR Macromedia Thu, JUL 19 -0.17 After the Close MAN Manpower Thu, JUL 19 0.45 Before the Bell MAT Mattel Thu, JUL 19 0.01 ----- n/a ----- MCHP Microchip Tech Thu, JUL 19 0.16 After the Close MSFT Microsoft Thu, JUL 19 0.42 ----- n/a ----- MIL Millipore Thu, JUL 19 0.31 After the Close NETA Network Associates Thu, JUL 19 -0.06 After the Close NOK Nokia Thu, JUL 19 0.14 ----- n/a ----- NT Nortel Networks Thu, JUL 19 -0.48 After the Close NWAC Northwest Airlines Thu, JUL 19 -0.74 Before the Bell NUE Nucor Thu, JUL 19 0.44 ----- n/a ----- OXY Occidental Petro Thu, JUL 19 1.03 Before the Bell ODP Office Depot Thu, JUL 19 0.12 ----- n/a ----- PEP Pepsico Thu, JUL 19 0.43 Before the Bell PKI PerkinElmer Thu, JUL 19 0.36 Before the Bell PMCS PMC-Sierra Thu, JUL 19 -0.08 After the Close PPG PPG Industries Thu, JUL 19 0.87 ----- n/a ----- PCP Precision Castparts Thu, JUL 19 0.71 Before the Bell PSD Puget Sound Energy Thu, JUL 19 0.30 Before the Bell OAT Quaker Oats Thu, JUL 19 1.22 Before the Bell RJR R.J. Reynolds Thu, JUL 19 1.25 ----- n/a ----- RGBK Regions Financial Thu, JUL 19 0.57 After the Close RETK Retek Thu, JUL 19 0.01 Before the Bell TSG Sabre Holdings Thu, JUL 19 0.66 Before the Bell SAP SAP A.G. ADS Thu, JUL 19 0.13 ----- n/a ----- SFA Scientific-Atlanta Thu, JUL 19 0.47 After the Close S Sears Roebuck Thu, JUL 19 0.92 Before the Bell SEIC SEI Investments Thu, JUL 19 0.27 ----- n/a ----- SNWL SonicWALL Thu, JUL 19 0.08 After the Close LUV Southwest Airlines Thu, JUL 19 0.22 Before the Bell FON Sprint (FON Group) Thu, JUL 19 0.28 07:30 am ET PCS Sprint (PCS Group) Thu, JUL 19 -0.33 Before the Bell SUNW Sun Microsystems Thu, JUL 19 0.03 ----- n/a ----- SDS SunGard Data Sys Thu, JUL 19 0.23 ----- n/a ----- TE TECO Energy Thu, JUL 19 0.51 ----- n/a ----- TGP The Timber Company Thu, JUL 19 0.41 Before the Bell THQI THQ Inc Thu, JUL 19 0.13 After the Close TBL Timberland Thu, JUL 19 0.28 Before the Bell TMK Torchmark Thu, JUL 19 0.77 Before the Bell TOS Tosco Thu, JUL 19 1.43 ----- n/a ----- TRB Tribune Thu, JUL 19 0.22 ----- n/a ----- TQNT TriQuint Semi Thu, JUL 19 0.03 After the Close TRW TRW Thu, JUL 19 0.64 Before the Bell UNP Union Pacific Thu, JUL 19 0.91 Before the Bell UPS United Parcel Serv Thu, JUL 19 0.54 ----- n/a ----- SLM USA Education Thu, JUL 19 0.88 ----- n/a ----- VTSS Vitesse Semi Thu, JUL 19 -0.06 After the Close WIT Wipro Limited Thu, JUL 19 0.14 After the Close XLNX Xilinx Thu, JUL 19 0.08 After the Close ZION Zions Bancorp Thu, JUL 19 0.79 After the Close ------------------------------------------------------------------ APD Air Products/Chem Fri, JUL 20 0.60 Before the Bell CEG Constellation Fri, JUL 20 0.45 ----- n/a ----- DCX DaimlerChrysler Fri, JUL 20 0.17 Before the Bell D Dominion Resource s Fri, JUL 20 0.68 Before the Bell ELUX Electrolux AB ADR Fri, JUL 20 0.70 Before the Bell ERICY Ericsson Tele Fri, JUL 20 -0.06 ----- n/a ----- FPL FPL Group Fri, JUL 20 1.27 Before the Bell G Gillette Fri, JUL 20 0.22 Before the Bell HSY Hershey Foods Fri, JUL 20 0.38 ----- n/a ----- MRK Merck Fri, JUL 20 0.78 Before the Bell NCC National City Fri, JUL 20 0.55 Before the Bell PTZ Pulitzer Publishing Fri, JUL 20 0.27 ----- n/a ----- SXT Sensient Tech Fri, JUL 20 0.36 ----- n/a ----- SSCC Smurfit-Stone Fri, JUL 20 0.03 Before the Bell TK Teekay Shipping Fri, JUL 20 2.00 After the Close TPP Teppco Fri, JUL 20 0.41 ----- n/a ----- UGS Unigraphics Fri, JUL 20 N/A ----- n/a ----- UST UST Inc Fri, JUL 20 0.72 ----- n/a ----- VC Visteon Fri, JUL 20 0.35 09:00 am ET WPO Washington Post Fri, JUL 20 2.47 ----- n/a ----- ZBRA Zebra Technologies Fri, JUL 20 0.60 ----- n/a ----- ------------------------------------ Board of Director Meetings This Week ------------------------------------ Symbol Company Date BCC Boise Cascade 7/16 CGC Cascade Natural Gas 7/16 CYBS CyberSource 7/16 EWBC EastWest Bancorp 7/16 IKOS IKOS Systems 7/16 RX IMS Health 7/16 JNJ Johnson & Johnson 7/16 ALTH Allos Therapeutics 7/17 COCA Conoco 7/17 ECSI Endocardial Solutions 7/17 FCF First Commonwealth 7/17 FFFL Fidelity Bankshares 7/17 FCBC First Community 7/17 FSLA First Source 7/17 ICUI ICU Medical 7/17 KEX Kirby Corp 7/17 WM Washington Mutual 7/17 ALE Allette 7/18 ASH Ashland 7/18 RLRN Renaissance Learning 7/18 BPL Buckeye Partners 7/18 CHZ Chittenden 7/18 CBU Community Bank Sys 7/18 EGGS Egghead.com 7/18 FLS Flowserve 7/18 NDE Indymac Bancorp 7/18 INSUA Insituform Tech 7/18 PHLY Philadelphia Consol. 7/18 PII Polaris Industries 7/18 STBA S&T Bancorp 7/18 SON Sonoco Products 7/18 TE TECO Energy 7/18 PIK Water Pik Tech 7/18 WLV Wolverine Tube 7/18 ATR Aptargroup 7/19 APD Air Products and Chem 7/19 CELG Celgene Corp 7/19 CFBC Community First Banking 7/19 CVAS Corvas Int'l 7/19 DELL Dell Computer 7/19 ECLP Eclipsys Corp 7/19 EASI Engineered Support 7/19 GNCB GBC Bancorp 7/19 KEY Keycorp 7/19 LIFC LifeCell 7/19 OSKY Mahaska Investment 7/19 STU Student Loan Corp 7/19 SVM Servicemaster 7/19 TII Thomas Industries 7/19 UMBF UMB Financial 7/19 MACR Macromedia 7/20 SHW Sherwin Williams 7/20 ------------------------------- Upcoming Stock Splits This Week ------------------------------- Symbol Company Name Payable Date Ratio RAVN - Raven Industries 07/13/2001 3:2 XOM - Exxon Mobil Corp 07/18/2001 2:1 KG - King Pharmaceuticals 07/19/2001 4:3 TRH - Transatlantic Holdings 07/20/2001 3:2 UOPX - University of Phoenix 07/20/2001 3:2 TARO - Taro Pharmaceutical 07/26/2001 2:1 MSCC - Microsemi Corp PENDING 2:1 -------------------------- Economic Reports This Week -------------------------- With 181 S&P earnings reports due out next week, that's obviously where the market's drive will be. Several economic reports due out will garner some attention though, possibly hinting at a definitive sign of economic direction. Among others, watch for the CPI report on Wednesday and the Philadelphia Fed Survey slated for Thursday. Date Forecast Previous Monday, 07/16/01 Business Inventories May -0.1% 0.0% Tuesday, 07/17/01 Industrial Production Jun -0.5% -0.8% Capacity Utilization Jun 76.9% 77.4% Wednesday, 07/18/01 CPI Jun 0.1% 0.4% Core CPI Jun 0.2% 0.1% Housing Starts Jun 1.6M 1.622M Building Permits Jun NA 1.621M Thursday, 07/19/01 Initial Claims 7/14 430K 445K Trade Balance May -32.0B -32.2B Leading Indicators Jun 0.3% 0.5% Philadelphia Fed Jul -1.0 -3.7 Friday, 07/20/01 Treasury Budget Jun 34.0B 55.9B ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to Contact Support ================================================================= DISCLAIMER ================================================================= This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of PremierInvestor.net may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. PremierInvestor.net staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control. Please read our disclaimer at: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.
Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.
To ensure you continue to receive email from Option Investor please add "firstname.lastname@example.org"
Option Investor Inc