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SmartPortfolio.Com Announces Investment Opinion
Added: (Thu Nov 25 1999)
SmartPortfolio.Com Announces Investment Opinion: Nasdaq Closes At Record High Prior to Thanksgiving
WASHINGTON- The following is market news from SmartPortfolio.Com, Inc., located on the web at the newly redesigned site: http://www.smartportfolio.com
Stock prices are reflective of November 24, 1999 at 5:00 PM, EST.
The Dow Jones Industrial Average closed up 12.54 to 11008.17, the S&P 500 closed up 12.44 to 1417.08, and the Nasdaq soared to another record close, up 77.63 to 3420.50.
Markets ended higher on moderate trading volume, with the Nasdaq again reaching a record high, as U.S. investors looked to celebrate tomorrow's Thanksgiving holiday.
Cisco Systems (Nasdaq:CSCO - news) hit an impressive milestone today by passing more than $300 billion in market capitalization, a feat achieved by only General Electric (NYSE:GE - news) and Microsoft (Nasdaq:MSFT - news). Cisco Systems closed up 3 15/16 (+4.45%) to 92 7/16 today, establishing a market cap of over $304 billion. General Electric closed down 191/256 (-0.54%) to 136 7/8 and Microsoft closed up 2 1/16 (+2.30%) to 91 11/16.
Yahoo! (Nasdaq:YHOO - news) led Internet stocks higher today, bolting 9 13/16 (+4.44%) to 231, after Merrill Lynch analyst Henry Blodget made positive comments about the company following a meeting with management. CMGI (Nasdaq:CMGI - news), an incubator of Internet start-up companies, which just announced a new investment fund for business-to-business companies, rose 6 1/16 (+4.41%) to 143 5/8. Leading online auctioneer Ebay (Nasdaq:EBAY - news) jumped 11 15/16 (+7.12%) to 179 1/2. E-tailing stocks were also higher, with Amazon.com (Nasdaq:AMZN - news) moving up 5 1/2 (+6.73%) to 87 1/4, barnesandnoble.com (Nasdaq:BNBN - news) rising 1 5/16 (+7.09%) to 19 13/16, and Etoys (Nasdaq:ETYS - news) surging 9.11% (up 5 3/8) to 64 3/8. To learn about Internet companies such as Etoys, Amazon, and Ebay, investors are invited try a two week trial of the Smart!Internet Report at: http://www.smartportfolio.com/freetrials
Wireless stocks were on fire today, with Nextel Communications (Nasdaq:NXTL - news) soaring 17.71% (+17 5/16) to 115 1/16 on news of a potentially favorable court ruling and Qualcomm (Nasdaq:QCOM - news) rising 4.18% (up 15 1/16) to 375 5/16. Qualcomm was featured in a previous Smart!Splits Report. To obtain more information about Qualcomm's upcoming 4:1 split and other stock splits, investors are invited to try the Smart!Splits report by visiting:
http://www.smartportfolio.com/freetrials
Ariel Corp. (Nasdaq:ADSP - news) stock soared 201.75% to 10 3/4 on extraordinarily high volume after the company announced that its remote access card set won government approval for connection to international digital telephone networks.
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.