Investor's Business Daily articles from June 2002, page 3

Investor's Business Daily archives from June 2002

Humana Hoping To Mimic Surging HMOs.(B)(NYSE STOCKS IN THE NEWS)
June 24, 2002... Byline: Jonah Keri If you've followed HMO stocks in recent weeks, you've seen the value of a leading group. While stocks with top-notch charts and fundamentals like Anthem have taken flight, other stocks within the group have also gone...

THE REAL MOST ACTIVE Nasdaq Falls For 5th Week; School Stocks Rally.(B)
June 24, 2002... Byline: CRAIG SHAW The Nasdaq composite fell 1.6% in higher volume Friday, closing only 54 points from its Sept. 21 low. For the week it slid 4.2%, its fifth down week in a row. Intuit trimmed a 10% intraday loss, but still closed...

Medical Device Maker Restores EPS Growth.(B)(NASDAQ STOCKS IN THE NEWS)
June 24, 2002... Byline: Craig Shaw Advanced Neuromodulation has traded between 28 and 36 the last six months while straddling its 50-day moving average. It's outperformed the major indexes the last 12 months with a 34% rise. It's 18% off its high. ...

Tweaking Tactics To Fit Market's Conditions.(THE SMART INVESTOR)(IBD INVESTOR PROFILE)
June 24, 2002... Byline: CLAIRE MENCKE Daniel Sermersheim has had to adjust to a few things over the past few years. But this college student learns fast. "For one, I'm getting used to buying stocks and not expecting that they're necessarily going to...

Check Point Software: A Bubble-Era Darling.(THE SMART INVESTOR)(WINNING WAYS)
June 24, 2002... Byline: KEN HOOVER Check Point Software Technologies was a great story when it made its big move in 1999. A group of Israeli army buddies, who had worked to keep military computers safe from snoopers, formed a company that became the...

Look For New Leaders, Not Old.(A)(INVESTOR'S CORNER)
June 21, 2002... Byline: CRAIG SHAW Are you counting on Michael Jordan to lead the Washington Wizards to the NBA title next year? If not, don't expect superstars of past bull markets to lead the next rally to new heights. Cisco Systems, Dell...

Trade Deficit Expands To A Record $35.9 Bil; Some Trim GDP View Q2 May Be Cut By A Third Dollar heads lower again, stocks too, despite signs of trade recovery in data.(A)
June 21, 2002... Byline: CHRISTINA WISE The U.S. trade deficit surged $3.4 billion to a record $35.9 billion in April, suggesting this quarter's GDP growth may not be as robust as some had expected. The news sent stocks lower again. The Dow lost 1.4%...

Rate Cuts? Fed Debate Shifting As Markets Signal Iffy Recovery No one expects a boost, and one brokerage sees 25% chance of a Fed cut.(A)(ECONOMY IN PERSPECTIVE)
June 21, 2002... Byline: JED GRAHAM Big job cuts have turned to meager job gains. The housing market is on fire. Corporate profits are improving. And the manufacturing sector, hit hardest by the recession, has been growing for five straight months. ...

IBD'S TOP 10.(A)
June 21, 2002... Blue Chips Infect Rest Of Market 1Downgrades for GM and Disney and a raft of chip selling staggered the major indexes. The Nasdaq slipped 2.1%, the Dow 1.4%, the S&P 500 1.3%. NYSE and Nasdaq volume closed about even with Wednesday's...

AFTER THE CLOSE.(TO THE POINT)
June 21, 2002... INTUIT cut '02 guidance but raised '03 views to reflect the proposed sale of its home loans unit and better-than-expected results in its small-company and tax software units. UNITED AIR OK'd a deal with pilots for a 10% pay cut and other...

BUSINESS BRIEFS.(TO THE POINT)
June 21, 2002... CONSUMER Diageo near Burger King sale A management group backed by Texas Pacific Group is the likely buyer of the No. 2 hamburger chain, sources said. Blackstone Group is leading a rival bid. Burger King Chairman John Dasburg's team...

BUSINESS BRIEFS.(TO THE POINT)
June 21, 2002... FINANCE Goldman Sachs' Q2 earnings flat The investment bank netted $1.06 a share, 8 cents over analyst goals. Revenue slid 3% to $3.85 bil as investment banking revenue fell 4%. Merger advisory revenue rose 33%. Goldman, which went...

BUSINESS BRIEFS.(TO THE POINT)
June 21, 2002... INTERNET Microsoft, Verizon join on Net They'll launch a co-branded high-speed version of Microsoft's MSN online service. The DSL service will use local Bell giant Verizon's network. They expect to launch next spring. It'll feature...

BUSINESS BRIEFS.(TO THE POINT)
June 21, 2002... TELECOM GEAR Nokia cuts 2nd-half sales views The top cell phone maker sees 2nd-half sales to rise up to 10% vs. its April forecast for at least 15% growth. Nokia blamed weak demand for handsets and wireless networks. It cut Q2 sales...

THE ECONOMY.(TO THE POINT)
June 21, 2002... Jobless claims dipped last week First-time claims for state benefits fell 2,000 to 393,000 last week. Economists expected 385,000. But new claims stayed below 400,000 for a third straight week, after 10 weeks above the key level. The...

IN BRIEF.(TO THE POINT)
June 21, 2002... Drug distributor AmerisourceBergen will pay $120 mil cash for automated drug dispenser maker AutoMed Technologies. CACI Int'l won a five-year, $163 mil deal to provide IT support to the Space and Naval Warfare Systems Command Systems...

NATION.(TO THE POINT)
June 21, 2002... U.S. renews fight on library porn The Bush administration asked the Supreme Court to let Congress pressure public libraries to block sexually explicit Web sites. A court in Philadelphia last month struck down the Children's Internet...

WORLD.(TO THE POINT)
June 21, 2002... 7 al-Qaida arrests inside Pakistan Police working with the FBI took custody of seven Arabs suspected of links to al-Qaida in a series of raids over the past two days. Detainees included Saudis and Yemenis, but some have not been...

TRENDS & INNOVATIONS.(TO THE POINT)
June 21, 2002... New mobile phone fits in tooth London Royal College of Art students made a concept device that picks up signals with a radio receiver and uses a tiny vibrating plate to convey them as sound along the jawbone to a person's ear. They said...

TRENDS & INNOVATIONS.(TO THE POINT)
June 21, 2002... Smokers are more likely than non- or ex-smokers to have a certain type of DNA damage in their cells that's been linked to lung cancer, the journal Genes, Chromosomes & Cancer said. No common source has been found for the rashes reported...

BE HONEST AND DEPENDABLE Trust Inspires Excellence.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 21, 2002... Byline: Robin Grugal 10 Withholding trust in people until they've earned it might seem a wise policy. But if you're in a leadership role, that practice can harm both your company and career. Think of it this way. Trust extended is...

Renfro Tackled The Toughest Persistence Pays: Dallas Cowboy defender's hard work helped him reach goals.(LEADERS & SUCCESS)
June 21, 2002... Byline: MURRAY COLEMAN Growing up poor in the Pacific Northwest, Mel Renfro didn't have much. His family had little money, and opportunity wasn't exactly pounding at the door. But Renfro had drive and the belief that he controlled...

Getting Best Return On Firm's Investment Is Worth CFO's Time Chief financial officers at Avon and Chico's FAS balance growth, savings.(LEADERS & SUCCESS)(MANAGING A SUCCESSFUL COMPANY)
June 21, 2002... Byline: J. BONASIA Chief financial officers have long been expected to show a return on their firms' investments in new technology or other projects. In the current weak economy, that focus has become sharper. Add in growing concerns...

TECHBITS.(INTERNET & TECHNOLOGY)
June 21, 2002... Byline: Nick Turner and Michael Krey For Artists, Slump Helps, Hurts In cities tied to the tech economy, these are hard times. But the technology slump is yielding some benefits. Just ask artist groups in San Francisco and other...

Online Car Sellers See Stall Ahead Less Incentive To Buy Web firms are smarting from general slowdown and lack of rebate offers.(INTERNET & TECHNOLOGY)
June 21, 2002... Byline: PETE BARLAS Online car companies might face a rough road because of the economic spinout. Some online auto-related Web companies fear their sales will stall, and not just because of the slow economy. They say automakers are...

British Invasion: U.K.'s Virgin Mobile Looks To Lure Young Americans Forges Deal With Sprint PCS Virgin Mobile plans to sell prepaid cell phone airtime to U.S. 15- to 30-year-olds.(INTERNET & TECHNOLOGY)
June 21, 2002... Byline: REINHARDT KRAUSE Richard Branson couldn't sell cola in the U.S., but the founder of Virgin Group thinks he stands a better chance with wireless phone service. Britain's Virgin Mobile, a unit of Virgin Group, is pushing into...

Online Auto-Part Firms Are Starting To Rev Up Their Specialty Market Working In Fragmented Field Business-to-business sales expected to grow, but it's harder to lure consumers.(INTERNET & TECHNOLOGY)
June 21, 2002... Byline: PETE BARLAS Online auto sales continue to soar. But sales of car parts over the Web aren't enjoying the same boom -- at least not yet. The Web-based parts business is a small niche market looking for ways to grow. Players...

Nokia Bets More Features Will Boost U.S. Sales Looks To Color, Messaging Americans starting to use short text message services already popular elsewhere.(INTERNET & TECHNOLOGY)(Q & A)
June 21, 2002... Byline: SARAH Z. SLEEPER How does a Finnish giant tackle the U.S.? By appealing to our colorful, flashy side, it would seem. That's what the world's No. 1 cell phone maker, Finland's Nokia Corp., says Americans want in wireless...

D&K HEALTHCARE RESOURCES St. Louis, Mo. A Comfortable Niche For Drug Distributor.(THE NEW AMERICA)
June 21, 2002... Byline: ALAN R. ELLIOTT There comes a point in any consolidating industry when all the big deals have been made. Many of the companies that remain are too small to worry about. And the hulking consolidators at the top end of the...

ROSS STORES INC. Newark, California Discount Retail Chain Finds Southern Comfort Expansion Plan Targets Dixie After earning its stripes in the West, retailer now sets sights on national presence.(THE NEW AMERICA)
June 21, 2002... Byline: AMY REEVES For two decades, shoppers in the western states have known Ross Stores Inc. as a place to go hunting for bargains in clothes, shoes, cosmetics and gifts. Now the rest of the country is getting to know the chain....

KEY FUND HOLDINGS.(MUTUAL FUNDS)
June 21, 2002... Key Fund Holdings / Ball Corp. and Rent-A-Center were top holdings of Delaware Small Cap Value Fund as of the latest reporting date. Ball's earnings rose 3% and 37% the past two quarters. They've risen an average 30% the past five years. The...

Investors Using Funds, More Advisers Two Surveys Of Affluent Investor confidence cut by rocky market, but funds still a key savings vehicle.(MUTUAL FUNDS)
June 21, 2002... Byline: PAUL KATZEFF Affluent investors are turning more to investment professionals, due to the ravages of the wobbly market in recent years. And they continue to rate mutual funds higher than individual stocks and bonds as important to...

Spending Matters.(ISSUES & INSIGHTS)(EDITORIALS)
June 21, 2002... Economy: President Bush had it right: "The biggest threat to our recovery is for the Congress to overspend." Only Wall Street seems to have heard him. If anyone in Washington heard Bush's warning last August, he's forgotten it. That...

Enumerated Powers.(ISSUES & INSIGHTS)(EDITORIALS)
June 21, 2002... Government: On this day in 1788, the U.S. Constitution was born. Since then, its clearly drawn limits on federal power have been stretched, mangled and broken. Though the Constitution did not take effect until March 4, 1789, it was...

LETTERS.(ISSUES & INSIGHTS)
June 21, 2002... Sharing The Way To Wealth I am surprised that you would let something as factually incorrect as "If Not For Unions" (Letters, Wednesday) be published without comment or editing. In paragraph two, the writer stated that he thought...

Soaring Productivity Shows New Economy Still With Us.(ISSUES & INSIGHTS)(NATIONAL ISSUE)
June 21, 2002... Byline: JOE GUINTO The textbooks say this doesn't happen. While everyone knows productivity is supposed to bounce back at the end of a recession, it doesn't rocket back. In the four quarters since the latest recession began in March...

Downgrades Knock Dow, S&P Off Again.(MAKING MONEY)
June 21, 2002... Byline: JULIE HUYNH Several corporate earnings warnings sent the major indexes lower Thursday. The Dow fell 1.4%, the S&P 500 1.3%. Volume closed slightly higher. Apogent Technologies fell as much as 2.09, then rallied to close down...

Maytag, Defensive Stocks Holding On.(B)(NYSE STOCKS IN THE NEWS)
June 21, 2002... Byline: Jonah Keri As tech stocks work to get their earnings in order, investors have begun to notice improving defensive stocks. Household goods like food, soap and appliances often become safe havens for investors during bear markets....

THE REAL MOST ACTIVE Nasdaq Notches Lowest Close Since September.(B)
June 21, 2002... Byline: CRAIG SHAW The Nasdaq composite fell 2.1% Thursday on Middle East violence and a profit warning from Genzyme General for its lowest close in nearly nine months. Volume ticked down from Wednesday. Itron plunged 5.40, or 19.7%,...

Athletic Shoe Maker Hits New High Ground.(B)(NASDAQ STOCKS IN THE NEWS)
June 21, 2002... Byline: Craig Shaw K-Swiss hit a 52-week high Thursday after clearing a seven-week consolidation. The stock has advanced 48% so far this year. Its Relative Strength line is in new high ground, a bullish sign. The athletic shoe and...

Elusive PC Recovery Pushed Further Back By Apple, AMD Woes Hopes Fading For 2nd Half Latest models don't thrill and consumers don't see the need to upgrade now.(A)
June 20, 2002... Byline: PATRICK SEITZ AND JAMES DETAR Consumers don't have a compelling reason to buy new personal computers. That fact continues to weigh heavily on PC makers and their suppliers. Apple Computer and PC chipmaker Advanced Micro...

Fast-Growing Casual Restaurants Have The Burger Joints Drooling Buying, too, as Wendy's, McDonald's take over Mexican, Italian chains.(A)(INDUSTRY SNAPSHOT)
June 20, 2002... Byline: MARILYN MUCH Remember the days when you sat in your car, threw down a burger and fries and called it dinner? Well, the folks who cut their teeth on fast food want more choices and something a bit fancier these days, and...

IBD'S TOP 10.(A)
June 20, 2002... Terror, Techs Torpedo Markets 1Another suicide bombing in Israel and a spate of tech profit warnings stung stocks. The Nasdaq dropped 3%, the S&P 500 1.7%, the Dow 1.5%. Volume grew across the board. Warnings by Advanced Micro Devices...

AFTER THE CLOSE.(TO THE POINT)
June 20, 2002... IMCLONE got an SEC "Wells Notice," which means the agency will likely take enforcement action against the biotech. ImClone fell after hours. FOUR APARTHEID victims sued Citigroup, Credit Suisse and UBS, alleging the banks gave money to...

BUSINESS BRIEFS.(TO THE POINT)
June 20, 2002... LEISURE Gtech up on 63% rise in Q1 profit The lottery systems firm earned 49 cents a share, 6 cents over views. Gtech also expects to beat Q2 and full-year estimates. Its improved cost of service is driving results. Its Q1 sales...

BUSINESS BRIEFS.(TO THE POINT)
June 20, 2002... TECHNOLOGY DOJ probes memory chip makers The Justice Dept. is investigating Micron Technology and other global memory chip firms for alleged anti-competitive practices. Micron and Germany's Infineon got grand jury subpoenas. They...

BUSINESS BRIEFS.(TO THE POINT)
June 20, 2002... FINANCE Brokers' Q2 profit results mixed Morgan Stanley's profit fell 12% to 72 cents a share, its seventh straight drop. Revenue fell 17% to $4.97 bil. Trading and M&A activity stayed weak. But Bear Stearns' EPS rose 23% to $1.55,...

BUSINESS BRIEFS.(TO THE POINT)
June 20, 2002... DEFENSE Lockheed to win Deepwater pact The huge Coast Guard modernization contract, worth $12 bil-$15 bil in '98 dollars, will be awarded June 25. Lockheed Martin will take the lead in replacing virtually all of the agency's planes...

THE ECONOMY.(TO THE POINT)
June 20, 2002... Mortgage loan applications rise The Mortgage Bankers Association index of mortgage loan application rose 1.9% last week. Its refinancing index climbed 4.2% to its highest level since March 8. New home loan requests edged up 0.1%. The...

IN BRIEF.(TO THE POINT)
June 20, 2002... Oak Technology crashed 54% to 4.52 after the chipmaker said it expects a Q4 loss. Analysts had seen a 4-cent profit. Europe's Airbus signed a deal to build 41 planes for South African Airways over 10 years. The deal confirms a March pact....

NATION.(TO THE POINT)
June 20, 2002... Congress advances drug benefit The House Ways and Means panel OK'd an outpatient prescription benefit to the Medicare program after overruling Democrats' objections to the $350 bil, 10-year GOP plan. The vote was 22-16. Democrats want...

West At A Glance.(LEADERS & SUCCESS)
June 20, 2002... West At A Glance Born: 1938 in Cheylan, W.Va. Education: Attended the University of West Virginia from 1956 to 1960. Achievements: Played for the Los Angeles Lakers from 1960 to 1974. Elected to the Naismith Hall of...

WORLD.(TO THE POINT)
June 20, 2002... Saudis' prisoners off-limits to U.S. Saudi Arabia won't let outside investigators query al-Qaida suspects who tried to shoot down a U.S. military plane. Access to the 11 Saudis, an Iraqi and a Sudanese will be limited to Saudis, a policy...

TRENDS & INNOVATIONS.(TO THE POINT)
June 20, 2002... Stock watchers have screw loose Close daily monitoring of volatile financial affairs might hurt mental health, Hong Kong researchers said in the Journal of Social and Clinical Psychology. Those who felt hardest hit by an economic downturn...

TRENDS & INNOVATIONS.(TO THE POINT)
June 20, 2002... One in six children, or 2.5 mil total, in rural America are trapped in deep poverty, suffering from poor education and poor health care, Save the Children found. The American Medical Association called for studies of whether paying for...

DEAL AND COMMUNICATE EFFECTIVELY Map Your Strategy First.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
June 20, 2002... Byline: Cord Cooper 9 A key to negotiation is knowing the other side's primary and secondary needs -- and using the latter as bargaining chips. One way to nail down those needs? Create an "interest map" -- a list of the opposing...

Shooting For Championships Be The Best: Jerry West's aim for perfection makes him one of basketball's greats.(LEADERS & SUCCESS)
June 20, 2002... Byline: MICHAEL MINK Jerry West's legacy is almost mythical in professional basketball circles. To everyone but him, that is. During his playing days with the Los Angeles Lakers, West, a 6-foot-3 guard, established himself as one of...

TECHBITS.(INTERNET & TECHNOLOGY)
June 20, 2002... Byline: Sarah Z. Sleeper Wireless Good News, Bad News The good news? You can send e-mail and look at Web sites via a growing number of wireless carriers. The other good news? A study just released by The Williams Capital Group...

Itanium Chip Could Put Sun On The Run Intel Rivalry Intensifies Sun faces big challenge from Intel's new version of mighty Itanium chip.(INTERNET & TECHNOLOGY)
June 20, 2002... Byline: JAMES DETAR Computer maker Sun Microsystems Inc. may be facing its biggest challenge ever. Intel Corp., the world's largest chipmaker, has Sun squarely in its sights. Sun is one of the top workstation and network server...

Oracle's Political Scandal May Not Do Much To Harm Its Reputation Company Seen As Aggressive Some investors like Oracle for its hard-sell approach, blaming California for flap.(INTERNET & TECHNOLOGY)
June 20, 2002... Byline: J. BONASIA Oracle Corp. surprised Wall Street with its fourth-quarter earnings this week. It was the first good news from the database maker since it was drawn into political intrigue in April. Oracle reported earnings of 14...

Wireless Services Aim To Bring More Games To Cell Phone Screens The Next Big Game Platform? Verizon rolls out new spate of games based on Brew, a Qualcomm technology.(INTERNET & TECHNOLOGY)
June 20, 2002... Byline: SARAH Z. SLEEPER Golfer Tiger Woods played to win last weekend's U.S. Open, but the games have only just begun for customers of Verizon Wireless Communications Inc. On Monday, Verizon started offering a spate of games over...

Cingular CEO Talks About Turmoil In The Wireless Telecom Industry Important To Reduce Churn CEO's keeping an eye on customer acquisition costs as key profitability measure.(INTERNET & TECHNOLOGY)(Q & A)
June 20, 2002... Byline: REINHARDT KRAUSE The wireless phone industry is in turmoil as subscriber growth slows. For example, Sprint PCS last week said it will add far fewer net subscribers this year than it had expected. It's unclear which carriers...

NASSDA CORP. Santa Clara, California Software Maker Grows Despite Market Slump.(THE NEW AMERICA)
June 20, 2002... Byline: KIRK SHINKLE Trying to buck a trend is never easy, but Nassda Corp. is giving it a shot anyway. The company makes software designed to help chipmakers analyze their products. Many of those chipmakers are struggling to...

DIANON SYSTEMS INC. Stratford, Connecticut Medical Lab Company Aces Its Financial Test.(THE NEW AMERICA)
June 20, 2002... Byline: AMY REEVES Since there's still no cure for cancer, it's crucial to catch the disease before it spreads. That's where Dianon Systems Inc. comes in. The company has a chain of anatomic and molecular pathology labs that...

KEY FUND HOLDINGS.(MUTUAL FUNDS)
June 20, 2002... Key Fund Holdings / Quest Diagnostics was a top holding of Aim Mid Cap Equity Fund in its latest reporting period. Earnings rose 73% and 43% in the past two quarters. Analysts see net rising 59% this year and 27% next year. The stock is 4%...

Olstein Supports Promising Underdogs Stocks Cheap, But Good Financial Alert Fund paces broad market, discovers bargains in chip stocks.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
June 20, 2002... Byline: JULIE HUYNH Buying a good company isn't enough for Robert Olstein. He has to get it at a good price, too. "Buying a good company at the wrong price produces the same pain as buying a bad company," he said. Thus, Olstein,...

Back-Door Medicine.(ISSUES & INSIGHTS)(EDITORIALS)
June 20, 2002... Health Care: Evidently unaware we're fighting a costly war on terrorism, Ted Kennedy wants to unleash a flood of economy-choking, budget-busting legislation. Riding his tired, 30-year-old horse, the Massachusetts senator Tuesday unveiled...

Sounds Of Silence.(ISSUES & INSIGHTS)(EDITORIALS)
June 20, 2002... Economy: Maybe we're not listening close enough. But we haven't heard much lately from those who'd been talking up higher interest rates. Silence is golden. It seems to us that America has enough to worry about without the Fed going on...

FACT BOX.(ISSUES & INSIGHTS)
June 20, 2002... ON THIS DAY In 1988, oil prices slid to $16 a barrel as a pall remained over the market following extension of an OPEC output agreement that ensured overproduction would continue. In 1996, the nation's two largest radio broadcasting...

Trial Lawyers Mining Gold By Targeting Dental Fillings.(ISSUES & INSIGHTS)(BRAIN TRUST)
June 20, 2002... Byline: KERRI HOUSTON It's amazing any of us are still alive. Despite overwhelming empirical evidence to the contrary from the U.S. and the international scientific community, a few trial lawyers and junk scientists want us to think that...

THE REAL MOST ACTIVE Jerusalem Bombing, Techs Hit Dow, S&P.(MAKING MONEY)
June 20, 2002... Byline: JULIE HUYNH & JONAH KERI Terror and tech troubles torpedoed the major indexes Wednesday. The Dow shed 1.5%, the S&P 500 1.7% after a suicide bomb killed seven people in Jerusalem, and several techs issued sales and profit...

AutoZone Still Near Base After Breakout.(B)(NYSE STOCKS IN THE NEWS)
June 20, 2002... Byline: Jonah Keri AutoZone gapped out of its base on May 23, passing its pivot of 80.10, the top of its handle. The stock quickly settled into a flat consolidation on top of the base at about 82 as volume dried up. Whether a high handle...

THE REAL MOST ACTIVE Nasdaq Declines 3% On Gloomy Tech Forecasts.(B)
June 20, 2002... Byline: CRAIG SHAW The Nasdaq composite skidded 3% Wednesday on poor forecasts from Apple and Oracle and news of another Jerusalem suicide bombing. Volume expanded from Tuesday. United Stationers declined 2.39 to 31.59 after...

Sporting Goods Chain Boosts Sales With Buy.(B)(NASDAQ STOCKS IN THE NEWS)
June 20, 2002... Byline: Craig Shaw Gart Sports Co. is working on a 10-week base after running up 250% from September to April. Its base features one high-volume down week, during which Gart announced a 3.5-million share offering, but otherwise shows...

Look For RS Lines Setting New Highs.(THE SMART INVESTOR)(INVESTORS.COM CORNER)
June 20, 2002... Byline: KEN SHREVE For a stock to stage a successful advance, it needs to have a lot of things going for it, not the least of which are market-leading IBD SmartSelect Ratings and a healthy price formation in its chart. But there's...

Buying Stocks By Rules, Not Rumors.(THE SMART INVESTOR)(IBD INVESTOR PROFILE)
June 20, 2002... Byline: PAUL KATZEFF To Rich Ritholz, investing is nothing like gambling. "Prices are set by supply and demand, not random acts of chance," he said. That's why he bases stock picks on charts, fundamentals and technical analysis....

Few Cyclical Companies Become Market Leaders.(A)(INVESTOR'S CORNER)
June 19, 2002... Byline: JONAH KERI In Friday's Corner, we talked about how gold stocks don't offer the same long-term potential that fundamentally strong growth stocks do. Another group falls short of growth stocks -- cyclicals. These firms tend to...

Housing Still Humming As May's Starts Climb To Near All-Time High Inflation Is Nil In May CPI Northeast and South hot; sector continues to stun those who expect slowing.(A)
June 19, 2002... Byline: CHRISTINA WISE Building activity continued to hum last month, as housing starts scored their best monthly gain since July 1995. Meanwhile, consumer prices in May were unchanged as core prices, which exclude food and energy,...

Long Bear Market Hasn't Shrunk Huge Overhang Of Stock Supply Forget EPS, Recovery.(A)
June 19, 2002... Byline: DAVID SAITO-CHUNG Some pundits say that the market's recovery depends on the economy. Others argue it's all about earnings. Forget about both. Supply and demand tip the market's direction. And according to TrimTabs, a...

IBD'S TOP 10.(A)
June 19, 2002... May Housing Starts Leapt 11.6% 1The surprise jump was the largest gain since July '95 and shows that housing activity remains strong. At an annual rate of 1.73 mil units, housing starts are near record levels. Single-family starts rose...

AFTER THE CLOSE.(TO THE POINT)
June 19, 2002... THE CHIP-GEAR book-to-bill was 1.26 in May, SEMI said. The orders-to-shipments ratio was 1.22 in April and 1.05 in March. INTEL will exit its Web hosting business and take a Q2 charge of $100 mil. WILLIAMS COS. plans to sell...

BUSINESS BRIEFS.(TO THE POINT)
June 19, 2002... TRANSPORTATION Ford delays environment report Ford Motor has pushed back its release of the annual report from May to early July, Bloomberg reported. Chairman William Clay Ford Jr. has been building his management team, partly...

BUSINESS BRIEFS.(TO THE POINT)
June 19, 2002... MEDICAL UnitedHealth to buy HMO firm The No. 1 U.S. managed-care firm will pay $530 mil in stock for privately held AmeriChoice. The move expands UnitedHealth's Medicaid business into New York, New Jersey and Pennsylvania....

BUSINESS BRIEFS.(TO THE POINT)
June 19, 2002... REGULATION SEC plans accounting body The top market regulator laid out plans for a nine-member Public Accountability Board to be set up by year-end. The move aims to restore investor confidence in earnings reports after Enron's...