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Message subject : Market Preview For Next Week(USA)
This message was posted by Arnie on July 15, 2000 :
========================================================= Market Preview For Next Week ========================================================= Corporate earnings are expected to dominate the markets next week as about 200 S&P companies report. Analysts anticipate second-quarter tech earnings to increase by an average of 25% from the year-ago period. The busiest day will be on 'Super Tuesday'. Some notable tech names reporting include Microsoft [MSFT] and Intel [INTC] on Tuesday, EMC Corp. [EMC] on Wednesday and Lucent [LU] on Thursday. Apple Computer [AAPL], IBM [IBM] and Sun Microsystems [SUNW] are also expected to report next week. These stocks could move higher leading up to the announcements.Fed Chairman Alan Greenspan's Humphrey-Hawkins Testimony before Congress begins on Thursday and continues into Friday. This is the venue for Greenspan to indicate his policy intentions. The markets could move on what the Fed Chairman says, or doesn't say. Anadarko Petroleum [APC] after Friday's close said it expects second and third-quarter earnings will come in well above analysts' estimates.
Word On The Street "Earnings have been pretty good. The economic reports that came out were pretty benign. They raise questions as to whether the Fed will need to raise rates again in August," says Arnie Owen, managing director of capital markets at Roth Capital Partners.
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