PremierInvestor.net Newsletter Weekend Edition 06-29-2001 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/5534_1.asp ================================================================= In section one: Market Wrap: Very little changed over past week Market Sentiment: Perhaps Columbus Was Wrong Play-of-the-Day: Anadarko Petroleum - APC (Bullish) Watch List: Five New Stocks to Watch ------------------------------------------------------------------ U.S. Market Numbers ------------------------------------------------------------------ MARKET WRAP (view in courier font for table alignment) ------------------------------------------------------------------ WE 6-29 WE 6-22 WE 06-15 WE 6-08 DOW 10502.40 -102.19 10604.59 - 19.05 10623.64 -353.36 - 13.41 Nasdaq 2160.54 +125.72 2034.82 + 6.39 2028.43 -186.67 + 65.66 S&P-100 632.02 - 4.13 636.15 + 9.52 626.63 - 25.29 + 2.31 S&P-500 1224.38 - .97 1225.35 + 10.99 1214.36 - 50.60 + 4.28 W5000 11407.15 + 94.70 11312.45 + 74.45 11238.00 -498.70 + 65.13 RUT 512.64 + 23.99 488.65 - 6.48 495.13 - 16.51 + 9.92 TRAN 2829.96 +153.47 2676.49 - 17.13 2693.62 -188.47 - 4.96 VIX 21.63 - .87 22.50 - 3.83 26.33 + 4.92 - 2.55 Put/Call .58 .69 .73 .54 ------------------------------------------------------------------ =========== Market Wrap =========== Very little changed over past week by Jeff Bailey This weeks trading had its ups and down, but by weeks end, very little had actually change. The Dow Industrials ($INDU) lost 373 points or 1.5%, the S&P 500 gave back 5 points or 0.4%, the NASDAQ-100 Index ($NDX.X) gained 7 points or 0.4% and the broader NASDAQ Composite ($COMPX) finished right where it closed the week previous at 2,029 or unchanged. That gives us a look at the externals and sometimes that can be misleading. There are those occasions where one or two stocks can really be the big mover and skew and indexes outward appearance. This week however, an indicator I like to use (bullish percent) tells me the over all shape of the internals and some of the supply/demand characteristics that are occurring in the market are also little change. In essence, the outward appearance of the patient, in this case the market, looks to be accurately reflected by the internals. The bullish percent indicator often times gives us a heads up to internal strength or weakness occurring before the effect of strength/weakness actually shows up on the outside as represented by the broader indexes we all watch on a daily basis. What we look for is divergence. "Bullish divergence" occurs when the internals show signs of strengthening, but the index itself trades lower. The "outward appearance" of an index may be skewed by just one or two stocks trading lower as the indexes are weighted. The bullish percent is very similar to breadth of a market, but the bullish percent ignores the daily advance/decline and only measures the supply/demand characteristic by the "buy" and "sell" signals that are present on the supply/demand chart. Here's what I mean. As of Thursday's close (I don't get Friday's numbers until after publisher's deadline) the bullish percent reading for the NASDAQ-100 showed 30 percent of the stock charts for the components of the NASDAQ-100 showing "buy signals" on their charts. That means that 70 percent of the charts for that index are showing a "sell" signal currently. In essence, as of Thursday night, supply has been in control, but this indicator has been stuck in the 26-30 percent range for the entire week! Bullish Percent for NASDAQ-100 - 2% scale Today's action in the NASDAQ-100 might have been enough to get the NASDAQ-100 bullish percent chart in "bull alert" status. You can check out the status for Monday morning's trading by visiting www.stockcharts.com as they should have the data tabulated later tonight. While the NASDAQ-100 did come close to violating a relative low dating back to July 11th of 1,934.67, the low for this week was 1,939.28. That correlates nicely with the bullish percent chart above. Perhaps institutions were also monitoring this part of the market and understood the level of risk with any bearish positions and decided to lock in some gains on their shorts. A reading of 32% would have this indicator reading "bull alert" and we could see a powerful rally. The last time we went "bull alert" on this indicator was June 21st when the NASDAQ-100 closed at 2,058. I've marked the above chart with a pink arrow showing bull alert status on that 3-box reversal higher. The index stayed in bull alert status until July 3rd (red 7 on chart) before reversing lower. Do you see how that level of "bullishness" came right up to a previous reversal lower in the column of X at 50%? Maybe institutions were watching that level of bullishness and felt that some NASDAQ-100 stocks had gotten a little too far ahead of themselves. Did you see Cisco Systems (NASDAQ:CSCO) this week? In Tuesday's wrap we felt this was a key stock to be watching. Guess what? Today the stock did manage to trade the $19.50 level and that had the stock breaking bearish resistance. The short-term trend is now bullish and bullish support is in place. The length of the downward trend is much longer than the upward trend, so I don't think CSCO is going to $50 anytime soon. However, the buy signal created at $19 contributed to a 1% net gain for the NASDAQ-100 bullish percent and its kind of nice for bulls to see a stock like CSCO breaking above downward trend on the supply/demand chart. If CSCO can continue to show some strength than that can only help the chances for a NASDAQ rally. Cisco Systems Chart - $0.50 Look for this stock to now start getting some renewed interest from institutions. It's been a long time since CSCO has traded above bearish resistance and I'd suspect some institutions will start looking at the stock more seriously. What beautiful timing too! Cisco is scheduled to report earnings on August 7th and analysts can ask all the tough questions about the future. If they like what they hear from CSCO and some of their customers then the stock should be able to hold the $16-$16.50 level. Don't forget about Foundry Networks (NASDAQ:FDRY). I also mentioned in Tuesday's wrap that shares of fellow networking stock Foundry Networks and its point and figure chart were looking strong. I'd expect shares of CSCO and FDRY to trade somewhat in unison in the coming weeks. Both charts are giving hint that demand showing some progress against supply. These stocks are down considerably from their highs, so traders don't need to load the boat. Pick away with a small position to begin with. Then, if the stock begins giving buy signals you can always buy more. Start out small as it is very early in the trend for many of these stocks. I will point out that the bearish resistance trend on Foundry (FDRY) is up ahead at $32, so the stock is still in a long-term down trend. However, that's quite a bit of upside. Check out the point and figure chart of FDRY while you're checking the bullish percent. Look what happens with a trade at $21. Have a great weekend!...Jeff ================ Market Sentiment ================ Perhaps Columbus Was Wrong The Earth may be round, but the markets are flat. The Nasdaq started the week at 2029.37, and ended the week at 2029.73, a monstrous 0.36-point gain. The Dow and S&P 500 didn't fair any better. The markets continue to waver as good economic news and positive earnings offer hope that an economic recovery is coming, but those hopes are then dashed by a conflicting batch of news. Today we had good news from several companies, but a weaker GDP number. Earlier in the week we had a surprising drop in unemployment data, but that was mostly attributed to seasonal adjustments. Looking at the Conference Board's online help wanted index shows that demand for white collar workers continues to decline. The index dropped another 40 points to 101, and the steady decline doesn't offer any evidence of a bottom. The Misery Index, which is the combination of inflation and unemployment, rose to a four-year high, and hints that the trend will continue until the end of the year. Certain economic indicators may look miserable, but the stock market continues to look at the glass as half full, or at least no broken beyond repair. On Tuesday the major indices came close to losing support, but bulls were able to step in and recoup those losses. Bulls have three days of momentum going for them, and July 30th and 31st have typically been bullish days. If that holds true, Wednesday could be the day when the rubber hits the road, as downtrends, moving averages, and other forms of resistance converge to challenge any advances. The medium-term trend is still down, and weak stocks are still susceptible, but relatively stronger issues may be able to hold up under the strain. Nasdaq and NYSE Advance/Decline Charts (5-Day Moving Average) A 5-day moving average of advancing minus declining issues also paints a picture of indecision. Since April, up trends and downtrends have been squeezing the A/D line, which has basically caused the line to hover around zero. As we approach the apex of the symmetrical triangles, one of the trends is going to have to give. ----------------------------------------------------------------- Market Volatility VIX 24.73 VXN 51.77 ----------------------------------------------------------------- Put/Call Ratio Call Volume Put Volume Total .47 542,157 252,742 Equity Only .40 507,120 203,053 OEX 1.00 6,689 6,698 QQQ .47 45,407 21,432 ----------------------------------------------------------------- Bullish Percent Data The Nasdaq-100 has reversed into bull alert status. Current Change Status NYSE 34 - Bear Confirmed NASDAQ-100 38 - Bull Alert DOW 36 - Bull Alert S&P 500 48 - 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 1.11 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 1713 1349 NASDAQ 1952 1705 New Highs New Lows NYSE 103 27 NASDAQ 115 83 ----------------------------------------------------------------- Advisory Sentiment Bullish Bearish Correction Net Change 52.5% 23.2% 24.3% 29.3% +3.3% A bearish reading of 25% to 30%, combined with a bullish reading greater than 55% is typically considered bearish by contrairians. A net percentage greater than 30% is also viewed as bearish. ----------------------------------------------------------------- Commitments Of Traders Report: 07/24/01 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. COT data can be found at www.cftc.gov. 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 The three-week reduction in the net bearish position of commercials came to an end. This wasn't the result of new short positions being added, but rather more long positions being dropped than short positions. Commercials Long Short Net % Of OI 7/10/01 309,374 385,178 (75,804) (10.91%) 7/17/01 336,836 403,561 (66,725) ( 9.01%) 7/27/01 317,241 392,146 (74,905) (10.56%) 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 7/10/01 135,587 59,889 75,698 38.72% 7/17/01 122,525 50,211 72,314 41.86% 7/24/01 141,372 61,665 79,717 39.26% Most bearish reading of the year: 36,513 - 5/01/01 Most bullish reading of the year: 91,122 - 3/06/01 NASDAQ-100 The net bearish position of institutions has increased for the third week in a row. (11,802) is the third highest bearish reading of the year. Commercials Long Short Net % of OI 7/10/01 26,688 34,640 ( 7,952) (12.97%) 7/17/01 26,721 37,225 (10,504) (16.43%) 7/24/01 27,396 39,198 (11,802) (17.72%) 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 7/10/01 9,073 7,486 1,587 9.58% 7/17/01 11,680 8,183 3,497 17.61% 7/24/01 12,170 7,744 4,426 22.23% 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 added a few more long positions, increasing their net bullish stance on the Dow. Commercials Long Short Net % of OI 7/10/01 13,743 12,999 744 2.8% 7/17/01 14,145 12,963 1,182 4.4% 7/24/01 16,080 12,812 3,268 11.3% 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 7/10/01 5,048 7,835 (2,787) (21.63%) 7/17/01 5,255 9,144 (3,889) (27.01%) 7/24/01 5,599 9,526 (3,927) (25.96%) 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) ========================= Anadarko Petroleum - APC Close:$58.56 Change:+1.31 Stop:$57.50 Comments When Originally Selected on July 20th: Company Description: Anadarko is one of the world's largest independent oil and natural gas exploration and production companies. The firm has expanded significantly with the acquisition of fellow independent Union Pacific Resources that increased Anadarko's proved reserves to more than 2 billion barrels of oil equivalent, evenly divided between crude oil and natural gas. Although more than half of the company's reserves are in the US, the company also has major operations in Algeria, western Canada, Guatemala, and Venezuela. Fundamentals: On a relative or actual basis these shares are cheap. APC shares have a low current PC of 12 and a forward one of 9 for 2001. The industry average P/E is 13 and the average S&P 500 company sports a P/E of 24. The company also has a microscopic Price/Earnings Growth (PEG) ratio of 0.46 against the industry average of 1.15 and S&P 500 average of 1.80. For its earnings report on Thursday, July 26th analysts expect the company to report earnings of $1.30 per share, for the same period last year they earned 56-cents per share. On an annual basis, the firm earned $4.16 per share last year and is forecast by analysts to earn $5.82 in the 2001 fiscal year. Why We Like It: Declining prices for crude and natural gas have driven most oil company shares sharply lower. Since topping out near $69 in mid-May, the shares dropped until they bounced strongly off of the session low of $46.52 last Wednesday. Since then they have managed to tack on $4.99, or 11-percent into Friday's close. These were the most positive three days since just prior to the mid-May top. It is beginning to appear the market has said enough is enough and is recognizing the oversold nature of these shares. The next levels of upside resistance are at $55, $57.50, $60 and $62.50. The shares clearly have enough momentum to tackle $55, if they can maintain this momentum, as evidenced by solid levels of volume, $62.50 is a reasonable shorter-term target. Gut check time will occur next Thursday when a decision needs to made as whether to hold these shares over earnings. At least until then the bulls are likely to maintain control. Updated Comments: Higher natural gas prices and increased production enabled APC to top easily top consensus estimates when they released second-quarter earnings on July 26th. The company reported per share earnings of $1.50. The analysts consensus estimates were for $1.30 per share. Although the shares of some natural gas companies have been under pressure as natural gas prices have dropped to around $3 per thousand cubic feet, Anadarko is quite happy with the situation. Their CEO Bob Allison said, " That's a pretty darned good price for gas. It's better than it has been in 10 years for any consistent period of time. All of our prospects work at $2.50 or $3 gas." Investor's like what they are seeing. Even though APC shares have risen from $46.52 on July 18th, their momentum remains strong. On Friday, they broke through the 50-day moving average at $57.11 and made a solid move through and away from resistance at $57.50. Volume was good at 3.2 million shares traded, which provides further confirmation of bullish sentiment. The next resistance level of $62.50 is within range and $67.50 does not seem to be so far away. Just is case the shares surprise us and decide to give back some of the ample gains we've made, we are tightening up our stop to $57.50. Picked on July 20th at $51.51 Gain Since Picked: +7.05 Earnings Date 7/26 (Confirmed) ========== Watch List ========== Citrix Systems, Inc. - CTXS - close: 35.04 change: +0.01 WHAT TO WATCH: Taking a hint from the NASDAQ, Citrix traded in a very narrow range through most of Friday. The stock had been building on its higher lows but shares have been unable to truly break out into a new bullish trend. Buyers tried to hurdle the $35-$36 resistance back in late June and again on Thursday. Depending on your risk tolerance, traders could watch for possible long play entries with a close over $36 or $37 two key resistance levels set in June and January. --- Vitesse Semiconductor - VTSS - close: 19.32 change: +0.13 WHAT TO WATCH: With semiconductors in the news lately and the semi index making gains, traders are watching for stocks that have room to move. VTSS has been very beat up and the stock has been trying to pick its way higher after its recent low near $15 a couple of weeks ago. Our potential trigger to watch on VTSS is a strong close over $20. If this is accomplished, watch for resistance at $22 and $24. --- Micromuse - MUSE - close: 15.09 change: +1.59 WHAT TO WATCH: Talk about beat up, MUSE has been crushed along with several other has-been high flyers. This software solutions company received a string of downgrades after warning that revenues would drop in the current quarter and there was no relief until March 2002. It's possible investors feel there isn't any bad news left to damage this company's prospects and the stock gained over 11% in Friday's trading. After spending two days bouncing at $13 these hopeful investors might be right. The stock has resistance at $16 and again at the top of its gap at $17.50. Watch for a close over $16 and let the stock fill the gap if we're lucky it might be able to trade to $20 before pulling back. --- Rite Aid - RAD - close: 9.06 change: +0.25 WHAT TO WATCH: The retail drug store chain with 3800 stores has seen a very strong move from its late December 2000 low of 1.50. With a run like that it's no surprise to see the stock consolidating from its high of $10 last month. The stock appears to have finished retracing and has cleared resistance at $9. Conservative traders may want to wait another day to confirm the move but we are encouraged by the very high volume on Friday. 7.2 million shares traded versus the average 4.1 million. Depending on your time horizon, traders can play the short-term move as it makes a run for $10 or wait for the stock to clear $10 and see how far it can go. ------------------------- -- 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. Some stocks have met our conditions for a trigger point but other factors hold us back from making it a full-time stock pick. ------------------------- Cisco Systems Inc. - CSCO - close: 19.06 change: -0.32 UPDATE: No change from Thursday. Thursday, July 26th's write up: WHAT TO WATCH: It seems that everyone is watching Cisco these days. The stock has been unable to mount a serious comeback after its recently failed rally from $14 to $24 (April/May). Traders should be watching for CSCO to close over resistance at $20. Short-term players can probably play the 10% move to $22 wherein lies the next level of serious resistance. --- Oracle Corp. - ORCL - close: 19.23 change: -0.18 WHAT TO WATCH: No change from Wednesday. Wednesday, July 25th's write up: POTENTIAL TRIGGER EVENT: Oracle has been on and off the watch list for weeks as it continues to consolidate under heavy resistance at $20. The stock set a new higher low yesterday near $18 and today's 5.9% move is impressive. Our potential trigger to go long is still a close over $20. ------------------- POTENTIAL PLAYS NOW These Watch List candidates have met yesterday's potential triggers and many could be great plays for the active trader now. We are going to watch list them for another day to see if they confirm the move. Choose your stop wisely if you proceed to trade them. ------------------- Altera Corp - ALTR - close: 30.34 change: +0.38 WHAT TO WATCH: Yet another semiconductor stock on the list, ALTR has rebounded sharply from its Wednesday low. Once again traders are offered a prospect at going long now that the share price has closed over $30. Last time we Watch Listed ALTR it gapped up the next day and traded as high as $33.59. We don't expect a repeat performance but the stock could still trade its way to another 10% gain over the next few days. Keep your eyes on the SOX to help you anticipate direction for ALTR. If you really want to protect yourself consider a very tight stop (one trader suggested $29.50 but stops are always a very personal choice). --- AOL Time Warner - AOL - close: 45.14 change: +0.23 UPDATE: We got what we asked for - AOL over $45. The stock actually traded as high as 45.75 before selling off towards the close. There always a ton of news on AOL so if you're going to take the plunge, better put on your reading glasses. Don't forget a stop loss. Thursday, July 26th's write up: WHAT TO WATCH: We can't have a list of tech stock big caps without including AOL. The stock has been consolidating between $43 and $44 since the 19th of July. Bullish traders might consider a long play if shares close above resistance at $45. However, be forewarned that the 200 & the 100-dma's are directly overhead in the $47.50 area. --- Sun Microsystems - SUNW - close: 16.29 change: +0.20 UPDATE: Okay, we hear you. For days we've been talking about a potential long play on SUNW if it closed over $16. This is the second day shares have managed to hold that close over $16. Let us just say two things: 1) watch out for the 100-dma near $17. and 2) play with a stop. Maybe something tight like 15.75? Enter passively and exit aggressively as the stock is now up four days in a row and could need to pause or dip before continuing higher (which might make 15.75 way too tight for a stop. Gosh, no one said trading was easy). It would be nice if buyers could produce some volume on this stock. Where has everyone gone? Thursday, July 26th's update: WHAT TO WATCH: SUNW finally did it. It managed to close over resistance at $16 but just barely. A positive sign was the slightly better than average volume. We feel encouraged that the stock has trigger our signal for a potential long play. Nimble traders who can jump in and out quickly should consider doing so. The rest of us are going to watch this one for a little more confirmation first. FYI, the 50-dma = 16.36 and the 100-dma = 17.00. ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to remove@PremierInvestor.net ================================================================= 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. 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PremierInvestor.net Newsletter Weekend Edition 07-27-2001 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/5534_2.asp ================================================================= In section two: Split Trader New Plays: No new Split Trader plays Play Updates: BMET, ATK, AAS Closed Plays: No closed Split Trader Plays Net Bulls New Plays: EMC Corp. - EMC (Bullish), InterCept - ICPT (Bullish) Long Term Play: Openwave Systems Inc. - OPWV Bullish Play Updates: AHAA, RFMD Bearish Play Updates: No active Bearish plays Closed Plays: No closed plays for NetBulls Stock Bottom / Active Trader New Plays: GBC Bancorp - GBCB (Bullish) Bullish Play Updates:.APC, NKE, RAIL Bearish Play Updates: No active Bearish plays Closed Bullish Plays: No closed Bullish plays for SB Closed Bearish Plays: PCII, CSGS ================================================================= Split Trader (ST) section ================================================================== =============== ST Play Updates =============== ----------------------- SPLIT RUN Updates ----------------------- Biomet Inc. - BMET - close: 49.61 change: -0.88 stop: 45.50 We hope you were not surprised when shares of Biomet sold off on Friday. The good news is the stock was able to find some support near $49 intraday. Bulls were able to push the stock up off its lows and shares were gaining going into the close ahead of the weekend. We still have six trading days in front of us to let BMET deliver on a potential split run. We will likely drop it on August 7th when it is due to split 3:2. If the broader markets can hold their ground, today's action in BMET could be a nice entry point for those looking for a long position. Personally, our stop at 45.50 is still a bit wide for my taste but the consensus here in the office is that we don't want to get swung out prematurely. Picked on July 25th @ $48.83 Gain since picked: + 0.78 Earnings Date: N/A (not confirmed) ----------------------- SPLIT CANDIDATE Updates ----------------------- Alliant Tech - ATK - close: 98.81 change: +1.24 stop: 95.50 *new* Interesting news! Alliant Tech management may have heard our comments about a name change yesterday. For those of you who read Thursday's update, no, they did not rename themselves the energizer bunny. Instead, ATK Missile Products Company is to become ATK Tactical Systems Company. In April 2001, ATK completed their acquisition of Thiokol Propulsion and management felt that the name change for their missile products company would help, and I quote, "reflects expanded product offering and customer base" - PRNewswire press release. The stock is still making gains but volume remains extremely weak. I guess we have to be happy with what we can get. Don't forget that ATK is a big split candidate. Shareholders are to vote to increase authorized shares to 40M. The company currently has 14.2M outstanding. Plus, the stock previously split 3:2 back in Nov. 2000 near the $90 level. The odds seem to be in favor of a split announcement with their earnings the next day on August 8th, 2001. Traders should notice that the share price is getting closer to strong resistance between $100 - $101. This will be the real test. Since the stock keeps climbing we're going to pull our stop up to $95.50 which is just over our entry price. Picked on July 24th @ $ 95.44 Gain since picked: +3.37 Earnings Date: 8/08/01 (confirmed) --- AmeriSource Health - AAS - close: 58.61 change: +1.11 stop: 52.00 One more step completed. Both AmeriSource and Bergen Brunswig have announced that they have complied with the FTC's request for more information on their proposed merger. Friday started the 30-day review period by the FTC on the merger that would create one of the largest U.S. wholesalers of health-care products (Reuters news). While the major markets traded sideways, AAS added more than a point but failed to close over $59. Volume was above average which is encouraging on a summer Friday. Picked on July 26th @ $ 57.50 Gain since picked: + 1.11 Earnings Date: 7/25/01 ================================================================== Net Bulls (NB) section ================================================================== ============ NB New Plays ============ ---------------- New Bullish Play ---------------- EMC Corporation - EMC Close:$20.01 Change:+0.74 Stop:$18.50 Company Description: The Hopkinton, Massachusetts-based company is the dominate player in data storage. EMC garnishes 26 percent of the external RAID market, 30 percent of the SAN and NAS markets, and 50 percent of the mainframe market. The closest competitors in these market segments are 10 to 20 percentage points behind EMC in market share. Its refrigerator-sized Symmetrix redundant array of independent disks (RAID) storage systems combine small disk drives into groups to ensure data integrity. EMC's products manage and share data across different types of networked computers. The company targets data-intensive customers, Internet service providers and many leading airlines and banks. EMC is known for their customer service. They consistently rank at the top in independent customer satisfaction surveys. An Information Week survey of 400 IT decision-makers rated the company #1 in five specific categories: Product Reliability, Interoperability Standards, Service-Level Guarantees, Product Innovation, and After-Sale Service. Fundamentals: Analysts forecast the company will earn 34-cents per share on sales of $10.4 billion in 2001 and 45-cents on $13.1 billion in 2002. Last year, the firm earned 79-cents on sales of $8.9 billion. They have a current P/E of 25 and a forward 2001 one of 59. Why We Like It: After being one of the absolute definitions of "high flyer", EMC shares have come back to earth. Despite the drop the shares are still not cheap. However, they seem to have found a hard bottom at $18.00 and recent momentum suggests the shares are ready to trade at a higher level. On Friday, the shares squeezed past resistance at $20.00 on a rise in volume. This indicates momentum is building sufficient to take the shares to resistance at $22 and possibly $25. This may not seem like much but it would represent a gain of 10 and 25-percent. On the downside there is good support $19 and rock solid support at the before mentioned $18.00. This sets up a relatively low-risk play on a very high quality company. We will split the difference and start with a stop at $18.50. Picked on July 27th at $20.01 Gain Since Picked: +7.05 Earnings Date 7/18 (Confirmed) === InterCept - ICPT Close:$35.00 Change:-0.26 Stop:$33.75 Company Description: InterCept provides e-commerce and technology services to over 1,800 community financial institutions. These includes electronic funds transfer (EFT) services such as ATM withdrawals and balance inquiries through a variety of networks such as CIRRUS, PLUS, and PULSE, also Internet banking, check imaging and data communications management. In addiiton they provide core data processing through its BancPac and BancLine systems. InterCept also owns nearly 30- percent of Netzee, which provides online banking software to community banks. Fundamentals: Analysts expect the company to earn 86-cents per share on revenue of $117 million in 2001 and $1.05 on $150 million in 2002. Last year, the company earned 67-cents per share on sales of $55 million. This gives the firm a current P/E of 52 and a forward 2001 P/E of 41. The industry average is 31. It has a 2001 earnings growth rate of 28-percent (industry average is 2.2-percent) and a revenue growth rate of 113-percent. Why We Like It: It is this company's hyper revenue and superb earnings growth rates that have caught the fancy of investors. This is not likely to slow anytime soon as smaller financial institutions are flocking to Intercept to provide the technology services that enables them to compete with larger banks. In addition, the company has signed a strategic agreement to provide check processing and imaging services to customers of BISYS Group, one the largest providers of financial technology services in the U.S. After a sharp run up from $21.63 in March to $39.91 on June 29th, the shares spent most of July consolidating those gains. That period seems to be at an end when the shares pulled away from support at $32 last Wednesday. Although Friday saw the stock dip slightly, it was on very low volume of 39k shares traded, well below the 127k daily average. This suggests this dip was just a respite before the shares resume their upward movement. The 52-week closing high is $38.00. If the shares can break resistance at $36, we believe they have the momentum to best $42, with an outside shot at $50 if the market can provide some assistance. Traders should wait for this break of $36 on solid volume before taking a position. We will initiate this Bullish play with a stop at $33.75. Picked on July 27th at $31.10 Earnings Date 7/25 (Confirmed) ================= NB Long Term Play ================= Openwave Systems Inc. - OPWV July 27th close:$24.99 change:+1.29 Company Description: The wireless industry may by better named the standardless industry. Digital versus analog, CDMA versus GSM, the list of competing standards goes on and on making it difficult to pick out clear winners in this high growth sector. There is one area where a standard does exist and it is dominated by Openwave. If you ever browsed the Internet over your phone you probably used Openwave software and equipment. Overseas, where wireless functionality is greater than in the US, people are not only browsing the Internet, they are online shopping, paying for vending machine purchases and sending each other instant messages using their mobile phone. Regardless of where it is occurring, Openwave products are making it happen. Openwave developed most of the technology supporting the wireless application protocol (WAP) standard. This is a language that generates webpages for wireless devices. The world's leading mobile phone manufacturers including Nokia, Ericsson and Motorola have licensed Openwave technology. Openwave's browser is loaded into the software that runs Qualcomm's CDMA chipset and more than 70 million web-surfing mobile phones. Over 35 service carriers such as AT&T and Sprint PCS use Openwave's servers and big contract wins are expected in Europe. The company also announced a partnership with Internet equipment maker Cisco to build a system that would enable users to check email, voicemail and fax with one phone call. The new system will allow carriers a complete messaging system that can be implemented by simply installing a software upgrade on existing Cisco equipment. The company also announced that China Mobile Communications Corporation (CMCC) would use OPWV software to give wireless Internet access to its 66 million subscribers. CMCC owns approximately 80-percent of China's fast growing wireless phone market. There is little doubt that the exploding global demand for wireless Internet access goes through the front door of this Redwood City, California-based company. Fundamentals: Openwave is one of the few tech companies that have consistently made aggressive growth estimates. On July 24th the company announced its fiscal fourth-quarter and year-end results. It reported a 150-percent increase in quarterly revenue to $144 million from the same period last year, and a jump in pro forma earnings from a loss of 3-cents per share to a profit of 11-cents. Through its service carriers, they increased the number of Internet users by 25-percent (+4.2 million). For the 2001 year the company earned 25-cents per share on a 577- percent increase in revenue to $465 million. Not bad for a company going through what they term a "transition year" in an economic downturn. Their chairman and CEO Don Listwin said, "Fundamentally, we see the market going through a number of transitions and evolutions from 2G to 2.5G, so clearly we're not seeing a lot of marketing effort by the carriers as they're getting ready for the next-generation." He added, "I do think we're going to see major growth opportunities in 2002 as these transitions move through." For the current fiscal year, analysts expect the firm to make 52- cents per share on sales of $814 million. In the following year, they are projected to earn 83-cents on $1.2 billion. Strategy: Openwave shares are not cheap; they have a current P/E of 100, a forward fiscal 2002 P/E of 48 and a 2003 P/E of 30. However, these valuations are reasonable given the company's 2002 earnings growth rate of 108-percent, revenue growth of 75-percent and dominant position in an emerging global market. Still, because of its high valuation, it is subject to overall market trends. This means when the market tanks, it does too. The patient investor will benefit by waiting for dip in the shares before taking a position. Presently, the shares are experiencing a nice bullish run, which has brought them close to their upper trend line at $26.00. Good entry points would be to wait for a strong move through this trend line, indicating the shares are moving into a higher trading range, or wait for a dip to under $22.00. =============== NB Play Updates =============== ----------------------- NB Bullish Play Updates ----------------------- Alpha Industries - AHAA - close: 38.00 change: -0.90 stop: 33.50 Profit taking ahead of the weekend is the most logical answer. Shares of AHAA should have been up today as the Semiconductor sector rose over 2% today. The SOX actually closed over resistance at 600 to 601.67 (okay, so it barely closed over it). As of yesterday's close AHAA was up over $4 on the week or almost a 12% gain. As there was no news, we can guess that some traders wanted to take some profits off the table before the weekend. Shares actually appeared to open higher this morning and traded above $40 before selling off and eventually closing near its lows for the day. Pullbacks are okay and expected but we would hope they don't occur on larger than average volume which is exactly what occurred today. If you're looking to enter this one wait to watch it on Monday and see the uptrend continue. Our gut is telling us it could pullback a little more before reversing. A bounce between $36 and $37 might be the answer. Picked on July 24th @ $36.00 Gain since picked: + 2.00 Earnings Date: 10/17 (not confirmed) --- RF Micro Devices - RFMD - close: 29.33 change: +1.54 stop: 25.00 In contrast to AHAA above, RFMD was more than happy to continue the semiconductor rally. As a matter of fact, shares of RFMD gapped up and edged their way higher to close up 5.54% on the day. The stock is now within striking distance of its first obstacle - resistance at $30. This will be the test for the bulls so don't get to excited yet. Even the SOX has some overhead resistance shadowing its gains today. We would suggest you be patient and not chase RFMD. Stocks tend to come back and fill any gaps they make and that means this stock could easily pullback first before moving higher and breaking through $30. Watch for your entry point and don't forget your stop. Picked on July 26th @ $27.79 Gain since picked: + 1.54 Earnings Date: 07/17 ================================================================== Stock Bottom / Active Trader (AT) section ================================================================== ============ AT New Plays ============ -------------- New Long Plays -------------- GBC Bancorp - GBCB Close:$31.10 Change:+1.60 Stop:$28.50 Company Description: GBC Bancorp is the holding company for General Bank, which operates some 20 branches in the Los Angeles, San Diego, and Silicon Valley areas; it also has a branch in the Seattle area and a loan production office in New York City. The bank offers such traditional banking services as checking and savings accounts, travelers checks, and safe-deposit boxes. Business loans make up about half of General Bank's loan portfolio; mortgages and construction loans are also about half of the portfolio. GBC Investment and Consulting provides international business services and develops the bank's Asian contacts through an office in Taiwan. Another subsidiary invests in venture capital funds. Fundamentals: Analysts forecast the company will earn $2.83 per share in 2001 and $3.38 per share in 2002. Last year, the company earned $2.99 per share. The company is trading at a discount to its peers. It has a current P/E of 10 and a forward 2001 one of 11. The industry average P/E is 16. The company has an annual 48-cent per share dividend. Why We Like It: According to US Banker, a leading trade publication, GBC Bancorp was ranked the most profitable bank with assets between $1.12 billion and $2 billion in the U.S. On Friday GBCB shares not only broke through the $29.50 resistance level that has held since early March, but for good measure took out the $30.53 200-day moving average as well. This is what is called bullish momentum. This momentum was further confirmed by trading volume, which at 223k shares traded was better than four times the 55k daily average. Other that an upgrade from broker Jefferies & Co from hold to accumulate last Monday, there was no news to account for the sudden bullish move. Still momentum is momentum and the shares look to have enough of it to take out the next level of resistance at $32.50 and test the $35 resistance level and possibly $38. Support is nearby at the former formidable resistance level of $29.50. We will start this play with a stop at $28.50. Picked on July 27th at $31.10 Earnings Date 7/19 (Confirmed) =============== AT Play Updates =============== ----------------- Long Play Updates ----------------- Anadarko Petroleum APC Close:$58.56 Gain:+1.31 Stop:$57.50 NEW I thought that Anadarko might run into some resistance at the 50- day moving average today, but the stock blew right through it. APC has gained over $12 in 8 days. Anadarko had a very similar move back on February 2, when the stock gained $14 over 11 days. After the eight day of the run, the stock got a little top heavy, and ended up giving back 50% of its profits. We don't want that to happen here, so we are moving up our stop again, this time to $57.50. Picked on July 20th at $51.51 Gain since picked: +7.05 Earnings Date N/A === Nike NKE Close:$46.80 Gain:-1.04 Stop:$44.00 Shares of Nike failed to add on to yesterday's gains. The $1.04 cent drop is more than I like to see on any bullish pick, but it did stay above yesterdays low, and the 10-day moving average. We are not overly concerned about the 10-day moving average since we like this stock for the longer term, but a close above that line does help to increase the odds of a breakout above resistance. Picked on July 14th at $47.84 Gain since picked: -1.04 Earnings Date N/A === RailAmerica RAIL Close:$13.13 Gain:+0.13 Stop:$11.50 Rail gained 13 cents today, but more importantly it once again closed above $12.90. Each close above that level makes it a better support level, and gives the 50-day moving average some time to keep rising to support prices. $13.75 remains the next resistance point. Picked on July 14th at $11.41 Gain since picked: +1.92 Earnings Date N/A =============== AT Closed Plays =============== ------------------ Closed Short Plays ------------------ Professional Detailing PDII Close:$64.70 Gain:-0.30 Stop:$67.25 PDII could still breakdown, but it looks like this stock is basing for a rally attempt. We'll take our small gain and run. Picked on July 18th at $70.00 Gain since picked: +2.75 Earnings Date N/A === CSG Systems CSGS Close:$51.51 Gain:-0.00 Stop:$49.00 We we're stopped out of CSGS when the stock failed to break support, and mounted a one-day rally. Picked on July 18th at $54.07 Gain since picked: +2.75 Earnings Date N/A ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to remove@PremierInvestor.net ================================================================= 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 advertising@PremierInvestor.net. ***************************************************************** 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/5534_3.asp ================================================================= In section three: Expected/Likely Split Announcements For The Coming Week Market Watch for Week of July 23rd - Major Earnings - Board of Directors Meetings - Stock Splits - Economic Reports ================================================================= ================================================= Expected/Likely Announcements For The Coming Week ================================================= Date Expected Symbol Company To Announce ================================================= BSYS BISYS Group Inc. 7/30** ACS Affliated Cmptr Srvcs 7/31 DPL D P L Inc 8/01** **Please see Write Up Below for Details ==================================================== BISYS Group Inc. - BSYS - close: 54.30 change: +0.54 PLEASE READ - We are listing BSYS as a potential candidate to announce but honestly we don't expect them to do so anytime soon. The stock last announced a 2:1 split when it was trading near $78 back on Sept. 21st, 2000. Shares are currently trading much lower and thus we doubt management would approve a split now. The company has 58 million shares outstanding with 160 million authorized to be issued. We only list them because they are expected to announce earnings on July 31st which is a common event that companies tend to announce things like a stock split. --- Affiliated Computer Services - ACS - close: 83.20 change: +1.38 ACS has the kind of chart you don't see everyday. Ever since July 12th, 2000 (at $33.25) the stock has been in a constant (long-term) uptrend. The company last split 2:1 near the $60 level back in late 1996. After such a run up it would not surprise us to see management declare a split as a stock dividend. Currently the company has about 50 million shares outstanding and is authorized for up to 500 million. Investors are expecting ACS to announce earnings on July 31st which would be a perfect time to announce a split. --- D P L Inc, - DPL - close: 23.73 change: -0.21 PLEASE READ - DPL is another stock we are listing as a potential announcement but we don't really have that much faith that an such an event will come to pass in the near future. The company last announced a 3:2 split on Dec. 2nd, 1997 near $26. Currently, with just over 126 million shares outstanding and authorization for 250 million, they do have enough available for another 3:2. The reason we don't believe company management will announce one this week with their earnings on August 1st is their falling stock price. Shares have seen a constant fall from the $29 level just two weeks ago. If management wanted to announce a stock split, why didn't they do so last quarter when their stock price was higher? Thus, we list it here to give you a heads up in the off chance they surprise everyone. ================================================== Market Watch for the week of July 23rd ================================================== ------------------------------------ Major Earnings This Week ------------------------------------ Symbol Company Date EPS Est Comment AGU AGRIUM Mon, JUL 30 0.40 After the Bell AFC ALLMERICA FIN. Mon, JUL 30 1.13 After the Bell ALO ALPHARMA Mon, JUL 30 0.28 After the Bell AWK AM. WATER WORKS Mon, JUL 30 0.50 After the Bell BSYS BISYS GROUP Mon, JUL 30 0.47 After the Bell CHTR CHARTER COMM. Mon, JUL 30 -1.14 Before the Bell COH COACH Mon, JUL 30 0.18 After the Bell CTC TELE CHILE Mon, JUL 30 -0.06 After the Bell CSGS CSG SYSTEMS Mon, JUL 30 0.50 After the Bell DCEL DOBSON COMM Mon, JUL 30 -0.55 After the Bell ELE ENDESA SA Mon, JUL 30 0.50 During the Day EPD ENTERPRISE PRO. Mon, JUL 30 0.58 ---- N/A ---- EXPE EXPEDIA Mon, JUL 30 0.20 After the Bell FHCC FIRST HEALTH Mon, JUL 30 0.25 Before the Bell GSPN GLOBESPAN Mon, JUL 30 0.01 ---- N/A ---- HIG HARTFORD FIN. Mon, JUL 30 1.08 After the Bell HTV HEARST-ARGYLE Mon, JUL 30 0.05 Before the Bell HUM HUMANA Mon, JUL 30 0.15 Before the Bell IDA IDACORP HOLDING Mon, JUL 30 0.66 After the Bell JP JEFFERSON_PILOT Mon, JUL 30 0.75 After the Bell MVSN MACROVISION Mon, JUL 30 0.18 After the Bell MRCY MERCURY COMP Mon, JUL 30 0.36 After the Bell MCY MERCURY GEN. Mon, JUL 30 0.44 ---- N/A ---- NFS NATIONWIDE FIN. Mon, JUL 30 0.89 After the Bell NRD NORANDA INC Mon, JUL 30 N/A ---- N/A ---- OGE OGE ENERGY Mon, JUL 30 0.39 Before the Bell PH PERKER HANNIFIN Mon, JUL 30 0.53 ---- N/A ---- PSO PEARSON PLC Mon, JUL 30 N/A Before the Bell STR QUESTAR Mon, JUL 30 0.33 ---- N/A ---- RCII RENT-A-CENTER Mon, JUL 30 0.74 After the Bell RSG REPUBLIC SRVCS Mon, JUL 30 0.34 After the Bell SCI SCI SYSTEMS Mon, JUL 30 0.27 After the Bell SKYW SKYWEST Mon, JUL 30 0.30 Before the Bell TLM TALISMAN ENERGY Mon, JUL 30 0.84 ---- N/A ---- TRLY TERRA LYCOS, Mon, JUL 30 –0.12 Before the Bell TOM TOMMY HILFIGER Mon, JUL 30 0.08 Before the Bell TRI TRIAD HOSPITALS Mon, JUL 30 0.05 After the Bell TSN TYSON FOODS Mon, JUL 30 0.07 ---- N/A ---- WMB WILLIAMS COMP Mon, JUL 30 0.54 After the Bell ------------------------------------------------------------- ACE ACE LIMITED Tue, JUL 31 0.47 Before the Bell ACS AFFILIATED COMP Tue, JUL 31 0.66 ---- N/A ---- AU ANGLOGOLD LTD Tue, JUL 31 0.34 Before the Bell BEV BEVERLY ENT. Tue, JUL 31 0.09 Before the Bell BVF BIOVAIL CORP Tue, JUL 31 0.28 Before the Bell BTI BRIT. AM. TOBAC Tue, JUL 31 0.45 ---- N/A ---- CAH CARDINAL HLTH Tue, JUL 31 0.58 ---- N/A ---- CECO CAREER EDUCATION Tue, JUL 31 0.19 After the Bell CMX CAREMARK RX Tue, JUL 31 0.16 ---- N/A ---- CZ CALANESE AG Tue, JUL 31 0.24 ---- N/A ---- GIB CGI GROUP Tue, JUL 31 N/A Before the Bell CAM COOPER CAMERON Tue, JUL 31 0.46 ---- N/A ---- CVH COVENTRY HEALTH Tue, JUL 31 0.28 ---- N/A ---- CRWN CROWN MEDIA HLDG Tue, JUL 31 -0.71 Before the Bell CVS CVS Tue, JUL 31 0.48 ---- N/A ---- EDMC EDUCATION MGMT Tue, JUL 31 0.12 Before the Bell EC ENGELHARD Tue, JUL 31 0.44 Before the Bell ETR ENTERGY Tue, JUL 31 0.95 ---- N/A ---- EOG EOG RESOURCES Tue, JUL 31 0.93 Before the Bell EOP EQUITY OFFICE Tue, JUL 31 0.78 Before the Bell FLA FLORIDA E. CST Tue, JUL 31 N/A Before the Bell FLR FLUOR Tue, JUL 31 0.43 After the Bell FMC FMC Tue, JUL 31 1.58 Before the Bell FMS FRESENIUS MEDCL Tue, JUL 31 0.21 ---- N/A ---- GGP GENERAL GROWTH Tue, JUL 31 1.08 During the Day HNT HEALTH NET Tue, JUL 31 0.38 Before the Bell HRC HEALTHSOUTH Tue, JUL 31 0.20 ---- N/A ---- HM HOMESTAKE MING Tue, JUL 31 0.00 After the Bell IM INGRAM MICRO Tue, JUL 31 -0.03 After the Bell IRM IRON MOUNTAIN Tue, JUL 31 -0.06 Before the Bell KIM KIMCO REALTY Tue, JUL 31 1.10 ---- N/A ---- KLAC KLA-TENCOR Tue, JUL 31 0.26 ---- N/A ---- MFC MANULIFE FIN. Tue, JUL 31 0.40 ---- N/A ---- MC MATSUSHITA ELC Tue, JUL 31 N/A ---- N/A ---- MIR MIRANT CORP Tue, JUL 31 0.46 After the Bell NI NISOURCE Tue, JUL 31 0.06 Before the Bell ORN ORION POWER Tue, JUL 31 0.19 After the Bell PER PEROT SYSTEMS Tue, JUL 31 0.14 Before the Bell PSC PHILAD SUB. Tue, JUL 31 0.27 Before the Bell PCLN PRICELINE.COM Tue, JUL 31 0.01 After the Bell PL PROTECTIVE LIFE Tue, JUL 31 0.57 Before the Bell RCGI RENAL CARE GRP Tue, JUL 31 0.37 After the Bell RSE ROUSE Tue, JUL 31 0.84 ---- N/A ---- IMI SANPAOLO IMI Tue, JUL 31 N/A ---- N/A ---- APP SAPPI LTD ADS Tue, JUL 31 0.20 ---- N/A ---- SVM SERVICEMASTER Tue, JUL 31 0.19 ---- N/A ---- RIG TRANSOCEAN SEDCO Tue, JUL 31 0.25 Before the Bell OIL TRITON ENERGY Tue, JUL 31 0.52 ---- N/A ---- UMC UTD MICROELEC Tue, JUL 31 -0.01 Before the Bell VZ VERIZON COMM Tue, JUL 31 0.77 ---- N/A ---- WRI WEINGARTEN RLTY Tue, JUL 31 1.14 After the Bell WSH WILLIS GRP Tue, JUL 31 0.11 Before the Bell --------------------------------------------------------------- ACTR ACTERNA Wed, AUG 01 0.07 After the Bell AIB ALLIED IRISH BNK Wed, AUG 01 N/A ---- N/A ----- AT ALLTEL CORP Wed, AUG 01 0.71 Before the Bell APU AMERIGAS PARTN Wed, AUG 01 -0.53 ---- N/A ----- APPB APPLEBEES INTRL Wed, AUG 01 0.47 After the Bell ARI ARDEN REALITY Wed, AUG 01 0.75 Before the Bell ASE ASE TEST LIMTD Wed, AUG 01 -0.10 After the Bell AX ASIA GLBL CROSS Wed, AUG 01 -0.16 After the Bell VNT CANTV Wed, AUG 01 0.19 After the Bell CI CIGNA Wed, AUG 01 1.77 Before the Bell CMS CMS ENERCY Wed, AUG 01 0.42 Before the Bell CMCSK COMCAST Wed, AUG 01 -0.31 After the Bell CTCO COMNWTH TEL ENT Wed, AUG 01 0.26 Before the Bell CSC COMP SCIENCE Wed, AUG 01 0.27 After the Bell EOC ENDESA CHILE Wed, AUG 01 0.11 ---- N/A ---- ENI ENERSIS SA ADS Wed, AUG 01 0.00 ---- N/A ---- FLM FLEMING COMP Wed, AUG 01 0.41 Before the Bell GX GLOBAL CROSSING Wed, AUG 01 -0.84 After the Bell GRP GRANT PRIDECO Wed, AUG 01 0.10 Before the Bell MCLD MCLEOD USA Wed, AUG 01 -0.32 After the Bell MTP MONTANA POWER Wed, AUG 01 N/A Before the Bell NWL NEWELL RBERMD Wed, AUG 01 0.29 Before the Bell OEI OCEAN ENERGY Wed, AUG 01 0.43 ---- N/A ---- OHP OXFORD HEALTH Wed, AUG 01 0.56 Before the Bell PCG PG&E Wed, AUG 01 0.71 ---- N/A ---- PIO PIONEER CORP Wed, AUG 01 N/A ---- N/A ---- SPW SPX Wed, AUG 01 1.50 ---- N/A ---- SYY SYSCO Wed, AUG 01 0.25 Before the Bell TZH TRIZEC HAHN Wed, AUG 01 0.52 ---- N/A ---- VSH VISHAY INTERTECH Wed, AUG 01 0.23 ---- N/A ---- WEN WENDY’S INT Wed, AUG 01 0.47 ---- N/A ---- WEA WESTFIELD AM Wed, AUG 01 0.47 ---- N/A ---- WGL WGL HLDGS Wed, AUG 01 -0.14 After the Bell WCG WILLIAMS COMM Wed, AUG 01 -0.57 Before the Bell --------------------------------------------------------------- AFG AM FINANCIAL Thu, AUG 02 0.37 Before the Bell AMT AM TOWER Thu, AUG 02 -0.54 Before the Bell AVZ AMVESCAP PLC Thu, AUG 02 0.33 Before the Bell AOC AON CORPORATION Thu, AUG 02 0.44 ---- N/A ---- AVE AVENTIS Thu, AUG 02 N/A ---- N/A ---- BCS BARCLAY PLC Thu, AUG 02 N/A ---- N/A ---- CCS CAMECO Thu, AUG 02 N/A ---- N/A ---- CRL CHARLES RVR LAB Thu, AUG 02 0.21 After the Bell CAN CAN FNCIAL CORP Thu, AUG 02 0.65 Before the Bell CXR COX RADIO Thu, AUG 02 0.04 Before the Bell DVA DAVITA Thu, AUG 02 0.24 ---- N/A ---- DVN DEVON ENERGY Thu, AUG 02 1.38 ---- N/A ---- FSH FISHER SCI. INT Thu, AUG 02 0.21 Before the Bell GOLD GOLD FIELDS LMTD Thu, AUG 02 0.08 ---- N/A ---- HAN HANSON PLC Thu, AUG 02 N/A ---- N/A ---- HSP HISPANIC BRDCTG Thu, AUG 02 0.08 After the Bell ICN ICN PHARMACEUT. Thu, AUG 02 0.24 Before the Bell JHF JOHN HANCOCK Thu, AUG 02 0.63 After the Bell LTR LOEWS Thu, AUG 02 1.73 Before the Bell MBI MBIA Thu, AUG 02 0.94 Before the Bell MDP MEREDITH Thu, AUG 02 0.38 Before the Bell NEM NEWMOUNT MINING Thu, AUG 02 -0.05 Before the Bell OCR OMNICARE Thu, AUG 02 0.23 Before the Bell PWG POWERGEN PLC Thu, AUG 02 N/A ---- N/A ---- PDLI PROTEIN DESIGN Thu, AUG 02 0.06 After the Bell ROIA RADIO ONE Thu, AUG 02 -0.16 Before the Bell RTP RIO TINTO PLC Thu, AUG 02 N/A ---- N/A ---- RD ROYAL DUTCH Thu, AUG 02 0.96 Before the Bell SLE SARA LEE Thu, AUG 02 0.36 Before the Bell SC SHELL TRANS Thu, AUG 02 0.84 ---- N/A ---- TLD TDC Thu, AUG 02 N/A Before the Bell TWSTY TELE WEST COMM Thu, AUG 02 N/A ---- N/A ---- UPM UPM-KYMMENE GRP Thu, AUG 02 N/A Before the Bell DIS WALT DISNEY Thu, AUG 02 0.21 After the Bell ----------------------------------------------------------------- BNN BLOUNT INT. Fri, AUG 03 N/A Before the Bell CRE CARRAMERICA Fri, AUG 03 0.08 Before the Bell FUN CEDAR FAIR LP Fri, AUG 03 0.39 ---- N/A ----- CGI COMMERCE GRP Fri, AUG 03 0.67 After the Bell E ENI SPA ADR Fri, AUG 03 N/A ---- N/A ----- ETH ETHAN ALLEN INT Fri, AUG 03 0.47 ---- N/A ----- MAS MASCO Fri, AUG 03 0.29 ---- N/A ----- IX ORIX Fri, AUG 03 N/A ---- N/A ----- UNEWY UNITED BUS CORP Fri, AUG 03 N/A ---- N/A ----- ------------------------------------ Board of Director Meetings This Week ------------------------------------ Symbol Company Date CCC Calgon Carbon 7/30 FFKT Farmers Capital Bank 7/30 --------------------------------------- BN Banta Corp. 7/31 HME Home Properties of NY 7/31 HRH Hilb, Rogal & Hamilton 7/31 IO Input/Output Inc. 7/31 WFSI WFS Financial 7/31 --------------------------------------- BGG Briggs & Stratton 8/01 --------------------------------------- NEB New England Business 8/03 ------------------------------- Upcoming Stock Splits This Week ------------------------------- Symbol Company Name Payable Date Ratio HRB - H&R Block 08/01/2001 2:1 -------------------------- Economic Reports This Week -------------------------- There are still a number of earnings announcements due to come out this week. Any disastrous numbers from the remaining big players in the market are likely to cast more of a shadow than some of these economic reports. Despite that, both market analysts and institutional investors will be looking at the economic data to confirm or delay the hope that a recovery may be on the way. Date Forecast Previous Monday, 07/30/01 None scheduled Tuesday, 07/31/01 PCE (Jun) 0.3% 0.3% Personal Income (Jun) 0.2% 0.2% Chicago PMI (Jul) 42.5% 44.4% Consumer Confidence (Jul) 118.5 117.9 Wednesday, 08/01/01 Auto Sales (Jul) 6.4M 6.4M Truck Sales (Jul) 7.4M 7.6M Construction Spending (Jun) 0.1% 0.3% NAPM Index (Jul) 44.5% 44.7% Thursday, 08/02/01 Initial Claims (July 28) N/A 366K Factory Orders (Jun) -1.0% 2.3% Friday, 08/03/01 Average Workweek (Jul) 34.3 34.3 Hourly Earnings (Jul) 0.3% 0.3% Nonfarm Payrolls (Jul) -50K -114K Unemployment Rate (Jul) 4.6% 4.5% NAPM Services (Jul) 51.0% 52.1% ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to remove@PremierInvestor.net ================================================================= 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 advertising@PremierInvestor.net. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
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