Read This Part 1


عضو نشط
24 سبتمبر 2001
10-23-2001 High Low Volume Advance/Decline
DJIA 9340.08 - 36.95 9439.21 9300.37 1.31 bln 1522/1591
NASDAQ 1704.44 - 3.64 1739.47 1695.22 1.82 bln 1679/1913
S&P 100 559.05 - 3.47 566.89 557.02 Totals 3201/3504
S&P 500 1084.78 - 5.12 1098.99 1081.53
RUS 2000 427.37 - 3.13 431.99 427.35
DJ TRANS 2261.99 + 58.41 2289.20 2202.85
VIX 33.19 + 0.08 33.82 32.25
VXN 63.73 - 3.63 67.03 63.18
TRIN 1.19
Put/Call 0.50 (NASDAQ:AMZN) reported a 16 cent per share loss, which
was in-line with what analysts had been expecting. But the
company missed revenue estimates by about $10 million. It was
a small miss, but enough to drive the stock lower by about 75
cents in the after hours session at the time of this writing. The
company also reaffirmed that it would turn pro forma profitable in
the fourth-quarter, but the overwhelming theme in its guidance
was the fact that sales growth had slowed during the most recent
quarter, which was what was reflected in the sell-off in after
hours. The Internet Sector Index (INX.X) has been hanging tough
recently, but Amazon's light sales number could pressure the
index Wednesday morning. A breakdown in the INX.X below 110
could carry the index back down to the century mark.

AT&T (NYSE:T) reported third-quarter numbers that, for the most
part, met expectations. But the company guided to expect further
deterioration in revenues during the fourth-quarter due to
extended weakness in its long-distance business. If AT&T is
going to sell less during the fourth-quarter, then it's more
likely to spend less, which is something to consider before
jumping head first into any networking equipment shares. Along
that line of thinking, it might be worth while to monitor the
Networking Sector Index (NWX.X) Wednesday morning to see if the
market shares my opinion.

The NWX.X finished fractionally higher Tuesday, but would've
done better if it had not been for Lucent (NYSE:LU). The beat
down equipment maker, after its massive write-down, reported
a loss of 27 cents per share, wider than its 23 cent per share
loss estimate. The company is making strides to clean up its
balance sheet and getting back to profitability, but didn't
offer much in bullish guidance for the immediate future. Shares
finished almost four percent lower.

Haliburton (NYSE:HAL) reported bottom- and top-line numbers
that met expectations. But the company remained relatively
cautious going forward, which was similar to what ExxonMobil
(NYSE:XOM) said earlier in the day. Still, the Oil Service
Sector Index (OSX.X), of which Haliburton is a member, finished
1.36 percent higher Tuesday. The OSX.X has traded quite well
over the past three sessions and could see some more upside
Wednesday if the Haliburton numbers are received well.

Compaq (NYSE:CPQ) missed estimates by one penny by reporting
a seven cent loss. But the company did report in-line revenue
numbers. The stock headed a bit lower in the after hours on
light trading. Mild weakness was also seen in shares of other
box makers such as Dell (NASDAQ:DELL), but a lot of bad news
had been discounted in Compaq, so its miss may be a moot point
going forward. Anyway, DELL has already reaffirmed its quarter,
which is set for release in a few weeks.

In the software sector, Citrix Systems (NASDAQ:CTXS) reported
a pretty solid quarter, which came in ahead of estimates. The
company is a sort of mini Microsoft (NASDAQ:MSFT), so as goes
Softee so goes Citrix. The stock added about 40 cents in the
evening session, so readers might want to watch the Software
Sector Index (GSO.X) Wednesday morning as Citrix is a component
of that index. For its part, the GSO.X pulled back late last
week, but rebounded from the 140 level. A breakout above the
156 level could carry software shares, such as Citrix and
Microsoft, higher.

Pharmacia's (NYSE:pHA) lowering of guidance knocked down drug
shares. The company said that its profits would fall next year
due to a slowdown in sales growth of Celebrex, the company's
arthritis drug. Pharmacia lowered next year's profit estimates
by about seven cents, but that was enough to take more than ten
percent off the stock as shares slid by more than $4. A
component of the Drug Sector Index (DRG.X), Pharmacia's warning
pulled the index back from its breakout attempt Monday. The
DRG.X had been holding up well relative to the market recently,
so it remains to be seen if Pharmacia's warning was an isolated
event, which is this trader's opinion.