Peering Into Qualcomm's Darkening Crystal Ball
RealMoney.com's DAILY BULLETIN
July 19, 2000
Market Data as of Close, 7/18/00:
o Dow Jones Industrial Average: 10,739.92 down 64.35, -0.60%
o Nasdaq Composite Index: 4,177.17 down 97.50, -2.28%
o S&P 500: 1,493.74 down 16.75, -1.11%
o TSC Internet: 867.78 down 28.62, -3.19%
o Russell 2000: 536.28 down 8.90, -1.63%
o 30-Year Treasury: 104 23/32 up 4/32, yield 5.909%
Companies in Today's Bulletin: Charles Schwab (SCH:NYSE)
De Beers Consolidated Mines (DBRSY:Nasdaq ADR)
In Today's Bulletin:
o The Chartist: Get Out the Hammock, It's Time for a Summer Slowdown
Telecom: Peering Into Qualcomm's Darkening Crystal Ball The stock's go-go days appear to be over, as analysts predict a sinking outlook for its chip sales.
Wrong! Tactics and Strategies: What Can Go Wrong? Everything, Part 1 The post-April market has brought about new soberness and investors need to change their approach.
View From the North: Diamond Producer De Beers Hopes to Shine in Canada Plagued by questions about jewels from 'blood' countries, the South African giant aims to acquire Winspear.
Stocks to Watch Wednesday: Microsoft, Intel, Apple, Commerce One, Veritas, Ameren, More
Bond Focus: Treasury Market Shrugs Off Oil Price Rise Core consumer prices were once again well behaved in the CPI. Also, the bond market gears up for Greenspan. TO VIEW TSC'S ECONOMIC DATABANK, SEE:
Online Brokers: Trading Is Down but Assets Keep Flowing to Schwab Chuckie's revenge is taking in more fresh cash than Merrill Lynch.
Jim Seymour: Apple's Stumble: Much More Than Investment-Income Worries The firm's not-so-great numbers and business struggles are oh-so-painful in a market with tough competitors.
The Chartist: Get Out the Hammock, It's Time for a Summer Slowdown By
Special to TheStreet.com
7/18/00 9:09 AM ET
July 18, 2000After a few days off, I expected to come back and see something different in the charts and statistics. After not checking the market for three trading days, it doesn't look much different than it did when I left it last Thursday morning. It needed a rest then; now it looks like it needs a good night's sleep. Sure the S&P is now almost 20 points higher, but the indicator that contributed to its improvement and recent rally, the breadth of the market, managed to gain a measly 47 issues during that same period. That's not what makes the foundation for further rallying on the NYSE.
Join Tech Savvy Columnist Jim Seymour for a chat on RealMoney.com. He'll discuss the latest on DSL, Microsoft and all that is tech, Thursday, July 20 at 5 p.m. EDT.
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