Wednesday, February 18, 2004

Wednesday Watch

Earngings Announcements
Company/Estimate
AMT/-.16
ADCT/.00
AMAT/.08
ECLG/.03
INTU/.70
OVTI/.42

Splits
OVTI 2-for-1

Economic Data
Housing starts estimated at 2000K vs. 2088K last month.
Building Permits estimated at 1910K vs. 1924K last month.

Late-night News
Senator Kerry edged out Senator Edwards in Wisconsin's primary. Thailand reports 7th human death from bird flu. Scott Moritz of TheStreet.com says Cingular/AT&T Wireless deal could be huge opportunity for OPWV. Jury finds against Tyson Foods in Cattle price-fixing, Tyson plans appeal.

Late-Night Trading
Asian markets are mostly higher, ranging from +.5% to +1.0%.
S&P 500 indicated +.02%.
NASDAQ indicated +.07%.

BOTTOM LINE: Very little late-night news of any importance. I still expect a pretty good day for the longs tomorrow, led by tech.

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