Message-ID: <16751084.1075857104020.JavaMail.evans@thyme> Date: Mon, 11 Dec 2000 09:04:00 -0800 (PST) From: wscfeedback@wallstreetcity.com To: alewis@ect.enron.com Subject: Big Chart Shows Signs of a Change in Leadership Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: WSC-Analysis X-To: "ALEWIS@ECT.ENRON.COM" X-cc: X-bcc: X-Folder: \Andrew_Lewis_Dec2000\Notes Folders\Discussion threads X-Origin: Lewis-A X-FileName: alewis.nsf Industry Group Analysis This Week: Big Chart Shows Signs of a Change in Leadership 1. Introduction 2. Groups that are Heating Up 3. Groups that are Cooling Off 4. On the Radar Screen this Week 5. Stock in Focus 6. Disclaimer ***********************Our Sponsor************************* Learn Proven Trading Techniques from a Wall Street Pro If you are interested in learning the specific trading techniques that generated consistent profits for the top trader for Fidelity Capital Markets, click here to take advantage of a unique and timely opportunity. http://subs.wallstreetcity.com/c/go/XTRO/WSCE-xtroTA1?s=3DS201&D=3DXWSC ********************************************************** 1. Introduction Rotation abounds on the Big Chart as some of the formerly weak groups are showing some signs of life, while some of the stronger groups are starting to see their high percentile rankings slip. Speculation about lower interest rates, a growing consensus that the Nasdaq has established a bottom, and seasonal factors are all spurring the reallocation of investment dollars. Industry Group Analysis is just another of the many great reasons to be a subscriber to the WallStreetCity website. Besides great industry group analysis and incredible stock analysis, you also get access to the world's most powerful stock screening tool on the planet, ProSearch, all in one subcription package. However, we give you a 30-day FREE trial to this service to make sure it suits you, so give us a try. Click below to take a 30-day FREE trial. http://clyde.investools.com/T/A24.133.315.1.42265 ____________________________________________________________ 2. Groups that are Heating Up This week's analysis starts right at the top of the Big Chart with the banking sector. All three industry groups within the sector - Banks {.BAN}, Banks/Savings & Loan {.BSL}, and Banks/Savings Banks {.BSB} - saw their respective rankings rise last week. The primary driver behind this move was an improved interest rate outlook, though Joe Morford at Dain Rauscher Wessels noted that merger activity is picking up. Among the best performers were Century South {CSBI} (announced merger with BB&T {BBT}), Charter One Financial {CF}, Imperial Bancorp {IMP} (testing resistance), and Comerica {CMA}. Selected groups within the electronics sector improved their rankings. Electronics/Motors rebounded back to the 85th percentile after briefly dropping from green to yellow, two weeks ago. The group is being powered by electronics conglomerate Emerson {EMR}, which set a new record high. The Electronics/Semiconductors {.ESE} group seems to have found a bottom, though it still remains among the worst performing industry groups. Nonetheless, it's worth noting that the group's ranking has fallen below the tenth percentile just twice since the beginning of October. Electronics/Specialty instruments began its recovery after posting a big drop on the Big Chart two weeks ago, with gains by Zygo {ZIGO}, Newport Corporation {NEWP}, and Trimble Navigation {TRMB}. Other industry groups that gained ground last week include Chemicals {.CHE}, Computer/Components {DCO}, Drugs/Biotechnology {.DBI}, Leisure/Race Tracks {.LRT}, Retail/Stores/Discount {.RDI}, and Retail/Stores/Specialty {.RSP}, which improved its ranking for the fourth consecutive week. To view the Big Chart click the link below. http://clyde.investools.com/T/A24.133.315.2.42265 ____________________________________________________________ 3. Groups that are Cooling Off Market sentiment finally coalesced with respect to the entire utilities sector, and that sentiment was toward profit taking. Utilities/Diversified {.UDI} fell out of the top quintile for the first time in five weeks and only the second time since the beginning of October. PG&E {PCG} fell by more than 10 percent after the president of the California Public Utilities Commission, Lorretta Lynch, said that requests for electric rate increases by PCG and Southern California Edison were premature. Utilities/Gas/Producer-Gatherer {.UPG} also dropped out of the top quintile, while Utilities/Electric/Holding {.UHO} is threatening to turn from green to yellow. The beverage sector - which includes Beverages {.BEV}, Beverages/Beer & Ale {.BBA}, Beverages/Bottlers {.BBO}, Beverages/Distillers {.BDI}, Beverages/Soft Drink Syrup {.BSD} - weakened as investors began funneling more money into the tech sector. Other groups that that fell on the Big Chart include Energy/Oil-Gas/Domestic {.ODO}, Leisure/Casinos-Gaming {.LCG}, Vehicles/Truck-Trailers {.ATT}, and Homes/Hotels-Motels-Inns {.HOT} - a group that we noted last week was likely to fall. To view the Big Chart click the link below. http://clyde.investools.com/T/A24.133.315.3.42265 ____________________________________________________________ 4. On the Radar Screen this Week The retail sector could be worth watching over the next few weeks as holiday shopping picks up. Though many stores are relying on discounts to draw in consumers, certain industry groups within the sector have been improving their rankings; these groups include Retail/Stores/Department {.RDE}, Retail/Stores/Discount {.RDI}, and the aforementioned Retail/Stores/Specialty {.RSP}. Stocks that are performing well in these groups include Footstar {FTS}, Bebe Stores {BEBE} and Target {TGT}. To view the Big Chart click the link below. http://clyde.investools.com/T/A24.133.315.4.42265 ____________________________________________________________ 5. Stock In Focus Foostar {FTS} has more than survived the volatility of the past several weeks with a six-week gain of 32.0 percent. The company saw same-store sales increase 13.5 percent in November and could be on its way to posting a strong December; particularly since FTS has a history of exceeding analyst expectations by notable margins. Footstar operates the Footaction and Just for Feet chains and, last month, agreed to acquire the footwear division of J. Baker {JBAK}. ***********************Our Sponsor************************* Fundamentals Always Prevail: These 14 Stocks Will Prove It Since 1994, Alvin Toral averaged a whopping +79.3% yearly. His secret? "Fundamentals always prevail": booming revenues and earnings, reasonable P/Es, strong cash flow. He just said "buy" to 14 fundamentally-solid stocks. Get this FREE Report: http://www.investools.com/c/go/PFUN/WSCE-pfunTB5?s=3DS600 ********************************************************** 6. Disclaimer WallStreetCity=01,s Industry Group Analysis is published solely for informational purposes and is not a solicitation or an offer to buy or sell any stock, mutual fund or other security. The information obtained from internal and external sources is considered reliable, but has not been independently verified for accuracy and completeness. 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