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MacroWorld Portfolio Review: 12/13/2000
Courtesy of Macro*World 06:38 pm est --------------------------------------------------------------------------- This Email portfolio is available on either a weekly or daily basis. To change your option or to stop receiving this portfolio, select the option marked "EMail" in the Options section of the website. --------------------------------------------------------------------------- Profit warnings took their toll on the tech sector, sending Nasdaq down triple digits in late trading. Blue Chips pared their gains and finished little changed in the wake of the Supreme Court decision that''ll put an end to the 5-wk long presidential deadlock. Economic reports:Retail Sales in Nov dipped 0.4% after a 0.1% rise in Oct - weaker than expected. Excluding auto, sales were down 0.2%;Import Prices in Nov increased by 0.2% after a 0.5% dip in Oct. Compaq warns that it expects to miss analysts'' expectations for the 4th qtr due to lower home PC sales . Whirlpool warns its earnings will fall short of expectations and says it will cut 6,300 jobs. General Mills reports qtly earnings of $0.70/shr, topping Street expectations by 2 cents. Amgen plans to buy back up to $2 bil of its outstanding shares. Microsoft selects Electronic Arts to develop games for the Xbox video game system . Merck boldly predicts its experimental AIDS vaccine will prove effective . Markets overseas are mixed. The London FTSE is up 0.20%, the Frankfurt DAX is down 1.76%, and the Paris CAC40 is down 1.41%. Tokyo''s Nikkei closed up 0.36%, Hong Kong''s Hang Seng closed up 1.91%, and Sydney''s All Ordinaries closed down 0.45%. Economic calendar: Thu: Jobless Claims, Business Inventories; Fri: CPI, Industrial Production. Market Segments ---------------------------------------- DJ Industrials 10,794.4 26.2 S&P 500 1,360.0 -11.2 NY Composite 653.3 -1.7 ASE Composite 880.0 -0.8 NASDAQ Compsite 2,822.8 -109.0 Capital Sectors %Change ---------------------------------------- Large Cap -1.0% Mid Cap -1.4% Small Cap -0.7% Market Volumes (millions of shares) ---------------------------------------- NYSE: 1,181.4 NASDAQ: 2,022.7 ---------------------------------------------------------------------- Market Timing: M*W Action Index For Short-term traders/market timers Only! (Enter market when Index <67, Exit when Index <33) Latest Reading: 12/12/2000 4PM of 47.7, staying in the market (S&P=1371.2, +43.8%) Previous Signal: Entered market 12/29/1997 on index of 74.7 (S&P=953.4) --------------------------------------------------------------------------- If you would like to receive a news and price changes on stocks or funds, you can set up a personal portfolio in the portfolio section. ---------------------------------------------------------------------- Footnote to Tables: (1) To view the individual analyst ratings for any security, first access the security in the Research section of the MacroWorld site. Then click on the ratings icon in the RESEARCH sub-menu. (2) The Day's Volume as a percentage of the 90 day average. ---------------------------------------------------------------------- Notice: The investment strategies and information featured on the MacroWorld(sm) web site may not be suitable for all investors and are not intended to be investment advice. Some of the data displayed on the MacroWorld(sm) web site is based on historical performance of various types of investments. Since past performance does not guarantee future results, please do not rely on the information presented on the MacroWorld(sm) web site to make investment decisions. It is recommended that you not rely on any single source for investment advice and that you consult with your personal financial advisor and your tax advisor before making investment decisions. The information provided on the MacroWorld(sm) web site is provided for informational purposes only. All information, data and news is protected by copyright and other applicable laws. All reproduction, other than for an individual User's personal reference, is prohibited without Wachovia's prior written permission. Investment decisions are the sole responsibility of the User and should be based on criteria selected by the User and such other information as the User deems appropriate. Neither Wachovia, nor its licensors, contractors or affiliates, nor Macro*World, make any representations or warranties with respect to the accuracy of the information provided or the suitability or fitness of the information for investment or other purposes nor do they assume any liability for decisions made upon this information or any other forms of reliance upon such information. Copyright, 2000 Wachovia Corporation. All Rights Reserved. MacroWorld and MacroWorld Research are service marks of the Wachovia Corporation This E-mail portfolio is available on either a weekly or daily basis, if you wish change your option or to stop receiving this portfolio you may do so by selecting the button marked "E-Mail" in the Options section.
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