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by 10/12/2000 2:08 PM
Stocks quoted in this article:
WebMD (HLTH 8-13/16), formerly known as Healtheon/WebMD, provides medical and administrative information over the Internet. The stock debuted with much fanfare in February 1999, launching on the Nasdaq Exchange around the 220 mark and running to 395 by early April 1999. The equity settled considerably lower later that month, however, and has continued a slow burn lower since hitting a short-term peak of 70 in January.

Today, the security has taken an eight-percent battering, marking an all-time low in single-digit territory. This morning, the firm announced that one of its co-chief executive officers tendered his resignation, leaving a sole executive at the helm. Reasons for this departure were not given. <
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by 10/12/2000 12:14 PM
Stocks quoted in this article:
Last night after the close, motorcycle producer Harley-Davidson (HDI 43-1/4) announced third-quarter earnings per share of 27 cents, topping analysts' estimates by a penny per share. Additionally, HDI officials said that sales in the third quarter climbed by nearly 16 percent.

This news notwithstanding, the equity has declined sharply today, shedding seven percent and breaking through support at its 20-week moving average. HDI has not traded below this trendline since late June.

Yesterday, HDI saw above-average activity in its options pit, as nearly 900 contracts changed hands on the October 45 put. This boosted open interest at the front-month strike from 991 to 1,951 contracts. This is now the site of heaviest put open interest on HDI. <
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by 10/12/2000 12:12 PM
Stocks quoted in this article:
Telecommunications equipment maker Redback Networks (RBAK 100-3/4) announced on Wednesday that its second-quarter earnings came in at two cents per share, topping brokers' estimates calling for a two-cents-per-share setback. This morning, RBAK's "strong buy" and "buy" ratings were reiterated by two different brokerage houses.

The stock has reacted negatively to these developments, gapping 1-1/4 points lower at today's open. The equity is presently in the red by over 11 points, or just more than 10 percent, to reach its lowest intraday level since June 1. RBAK, which is trading back below its 10-month moving average, has declined by over 41 percent since its September 29 intraday high.

In the security's options pit this morning, the deep-out-of-the-money October 140 call is leading the way on volume of 745 contracts. This strike has open interest of 2,338 contracts, indicating that this activity could result in some liquidations.

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by 10/12/2000 11:20 AM
Stocks quoted in this article:
Amid yesterday's technology struggles, the PHLX Semiconductor Index (SOX 721.17) registered its worst intraday mark since early January. In late-morning action, the index has muscled ahead by greater than 14 points, or just over two percent. This has the SOX poised to notch its first up day in the past six sessions. The index, though, remains beneath its 20-month moving average, our line of demarcation between a bull and bear market.

Top SOX performers so far today include Xilinx (XLNX 68), up seven percent; Lattice Semiconductor (LSCC 23-7/8), up 6.7 percent; Intel (INTC 36-7/8), up 4.2 percent; and Advanced Micro Devices (AMD 22-9/16), up 3.7 percent. AMD surpassed third-quarter earnings estimates by two cents per share and raised 2000 forecasts of processor shipments by three million units. INTC is scheduled to report fourth-quarter earnings next week.

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by 10/12/2000 10:16 AM
Stocks quoted in this article:
This morning, First Data (FDC 43-3/8) revealed third-quarter earnings of 58 cents per share, which was five cents per share ahead of Street forecasts. It was this processor of credit card payment's sixth consecutive positive earnings surprise, according to I/B/E/S International. The company also raised its estimates for 2000 earnings to between $2.09 and $2.14 per share from an earlier prediction of $2.02 to $2.07 per share.

FDC gapped 2-5/16 points higher at this morning's opening bell in reaction to today's developments. Currently, the shares are in the black by greater than six percent to attain their top intraday mark since September 7. The equity is also approaching its descending 10-week moving average, which it has not finished a week above in nearly two months.

Information from Bloomberg shows that FDC is a favorite among analysts. All 14 brokers now covering the security rate it as a "buy" or better. If the stock is unable to carry over this morning's momentum, any downgrades could put downside pressure on the issue.


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