Week One (3/19-3/23)
Stock Picks:

1) Siebel Systems (SEBL): The stock has been dramatically beaten down over the past few months over concerns over its CRM software revenues, and over competitor Oracle's profit shortfall. Nonetheless, the stock is showing strong signs of a possible rebound, being dramatically oversold according to stochastic indicators and also showing churning moves. Recommendation Price (Weekly Open): $26 3/8

2) American Eagle Outfitters (AEOS): Unduly beaten down from a single downgrade, technical indicators show rebound likely. Recommendation Price: $28 13/16.

3) Pacific Sunware (PSUN): Technical indicators show rebound likely. Recommendation Price: $26 1/2

UPDATE on last week's picks:
No picks last week.

Reachy's Opinion Column: Week One (3/19-3/23):

To be released on 3/23.

Kofi Annan to Seek Re-election. U.N. Secretary-General Kofi Annan said on Thursday that he would seek a second term as the United Nations' chief diplomat when the first expires at the end of 2001. For the story, click here.

Britain Tries to Calm Fears of U.S. Tourists. Britain's top tourism official began a publicity campaign in the United States on Wednesday hoping to stem further losses to a British tourism industry damaged by foot-and-mouth disease, declaring the country "very much open for business" and tourists. For the story, click here.

Dow Falls Into Bear Territory. The Dow Jones industrial average plunged into bear market territory at midday Thursday -- skidding below the 9,200 point for the first time in more than two years -- as concerns about corporate profitability in a slowing economy spread into "old economy" issues that had previously been seen as safe havens.

P&G Slashing 9,600 Jobs. Procter & Gamble said Thursday it will slash 9,600 jobs, or 9 percent of its work force, as the maker of Crest toothpaste, Pampers diapers and other consumer products takes steps to spur its lagging growth rate.

European Financial Markets Routed. European stock markets were routed on Thursday, in a broad-based decline led by old economy stocks, after a series of profit warnings. For the story, click here.

Swiss Cut Interest Rates. The Swiss National Bank unexpectedly cut its key interest rate target by a quarter-point Thursday, citing growing uncertainty in the global economy as major equity markets remained in the grips of a broad sell off. For the story, click here.