SmartPortfolio.Com Announces Investment Opinion
Added: (Sat Nov 20 1999)
Pressbox (Press Release) -
The following is market news from the NEW SmartPortfolio.Com, Inc., located on the web at the newly redesigned site: http://www.smartportfolio.com
Stock prices are reflective of November 19, 1999 at 6:30 PM, EST.
The Dow Jones Industrial Average closed down 31.81 to 11003.89, the S&P 500 closed down 2.94 to 1422.00, and the Nasdaq closed up 22.14 to 3369.25.
The Dow and S&P 500 lost some ground Friday after the previous day's big gains, while the Nasdaq continued to climb into record territory.
Several leading tech stocks performed well on Friday, with IBM (NYSE:IBM - news) climbing 6.06% (up 5 15/16) to 103 15/16, Sun Microsystems (Nasdaq:SUNW - news) adding 3 13/16 (+3.03%) to 129 9/16, and Oracle (Nasdaq:ORCL - news) moving up 1 15/16 (+2.61%) to 76 1/8.
Internet stocks were also on the move, with Yahoo! (Nasdaq:YHOO - news) rising 4 7/8 (+2.28%) to 218 3/4 and ExciteAtHome (Nasdaq:ATHM - news) jumping 2 1/8 (+4.32%) to 51 5/16 on high trading volume. Investors who are interested in obtaining detailed analysis of Internet stocks are invited to visit: http://www.smartportfolio.com/freetrials
A very busy week in the IPO market came to an end with seven new issues raising just under $500 million in capital in their public debut on Friday. CacheFlow (Nasdaq:CFLO - news) was the strongest performer on the day, soaring 426.56% to 126 3/8 on Friday. CacheFlow was featured in this week's SmartIPO Report as a likely strong performer. To learn more about upcoming hot IPOs like CacheFlow, investors are invited to sign up for a free two week trial of the Smart!IPO Report at http://www.smartportfolio.com/freetrials
This is an abbreviated version of the free SmartPortfolio.Com Update. To receive the full free update, please visit http://www.smartportfolio.com. The company does not sell its subscriber lists and e-mail addresses are kept confidential. The company also offers premium services related to Internet stocks, IPOs, and stock splits.