In today's edition of the Daily Update, we feature the most popular
reports downloaded by our readers during the past week, most of
which are focused on network issues like security and
infrastructure.

Also today, equity research columnist Dave Sterman writes about
a latter-day Lazarus of the Internet--we're speaking, of course, of
Covad (COVD), which has reemerged from the ashes of DSL.

Wall Street also has its favorites, and Tom Ryan explains which
stocks seem most in favor--and why.

You can also see the most popular tickers and sectors searched by your
peers by clicking here:
http://www.multexinvestor.com/cs_hot.asp?target=/stocks/companyinformation/analystresearch/whatshot&nd=0125

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Below
--------

- Investment ideas
- Broker and third-party research
- Online advice and chats
- Free and sponsored reports


Investment ideas
-----------------------------------------

1. INVESTMENT IDEAS
The most recommended stocks on Wall Street
Several micro-to-small cap stocks land on Wall Street's
most-recommended list

By Thomas J. Ryan, equity research columnist

With prospects for many of Wall Street's bellwethers still questionable,
analysts are looking for more sure-fire bets among the market's micro-
and-small cap stocks.
Indeed, small-cap stocks dominate a recent MultexNet screening of the
top ten most recommended stocks--with capitalization ranging from as
low as $150 million for LendingTree (TREE) to $900 million for 1-800-
Flowers (FLWS). The only clear large-cap stock to make the grade is
Gemstar TV Guide International (GMST), which has an $8.3 billion
valuation.
Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6341&nd=0125


2. INVESTMENT IDEAS
Covad is back from the dead
The company's rebirth is miraculous. But there's a problem:
No one knows if it can still make money.

By Dave Sterman, equity research analyst

The demise of NorthPoint Communications, Rhythms NetConnections,
and Covad Communications (COVD) in 2001 seemed to spell the end
of the data local exchange carrier (DLEC) sector. Investors were left to
conclude that the DSL industry would now reside squarely in the hands
of the regional Bell operating companies (RBOCs), such as Verizon
(VZ), SBC (SBC), Qwest (Q), and BellSouth (BLS).

But to the surprise of many, one DLEC, Covad, has emerged from the
ashes to fight another day. At least one analyst thinks the company is
poised to get it right this time.
Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6320&nd=0125


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yet to come! Get a jump on 2002 with a FREE 30-day trial:

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Broker and third-party reports
-----------------------------------------


1. INVESTORS' CHOICE: 3-DAY FAVORITE
Bear Stearns publishes a 'top ten list' of Internet security predictions for
2002.

After a page of general sector commentary, the firm discusses its list; #3
prediction calls for more sophisticated virus attacks, #6 prediction is that
the biometric hype fizzles, #10 predicts security vendor stocks that will
outperform. (4-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25966746&nd=0125


2. TODAY'S SPECIAL REPORT
Lehman Brothers presents its case for investing in the biotech sector.

In the report, a sector overview, discussion of drug launches, potential
drug approvals, investment recommendations, risks, potential acquisition
targets, PEG valuation analysis, top picks (3 large cap, 4 mid-/small-
cap), 12 figures. (21-page report for purchase - $75)
http://www.multexinvestor.com/download.asp?docid=25976283&nd=0125


3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
Lehman Brothers explains its Price Earnings Excess Return model and
sector outperformers in 2002.

Lehman identifies 6 sectors that its quantitative model predicts will
outperform in 2002. It reviews the model's long-term and 2001
performance, identifies 25 stocks in its U.S. strategy portfolio and 25 in
its virtual economy portfolio. (7-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25991689&nd=0125


4. THIRD-PARTY REVIEW
Independent research firm The Motley Fool publishes its monthly report.

In its January issue, TMF reviews the surprising rebound in online
retailers, including discussion of AMZN and EBAY, profiles IMS Health
(RX), looks at the satellite radio space, and discusses its Foolish 8, with
a focus on Neogen (NEOG). (22-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=26025863&nd=0125


5. WHAT'S HOT?
C.E. Unterberg Towbin explains key points in its 2002 outlook for
networking gear manufacturers.

C.E. UT explains why it sees sector bellwether Cisco (CSCO) and
Riverstone (RSTN) as two well-positioned companies in the space. Also,
why it is cautious on companies with focus on next-gen solutions.
Valuation comparison chart. (4-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25935347&nd=0125


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Now you can get broker research, quotes,
charts and company information from
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Online advice and chats
-----------------------------------------


1. ASK THE ANALYST
The Technical Trader's Harry Boxer explains how to profit from 'snap-
back' market moves.

Likening market patterns to the elastic action of a rubber band, Boxer
discusses how he identifies the potential for strong 'snap-back'
movement. How can you take advantage of this phenomenon? Pose him
your questions through tonight Friday, Jan. 25, 5 PM ET.
Ask the analyst.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=0125

Sign up for a FREE TRIAL to Harry Boxer's "Real-Time Technical
Trading Diary." Also receive Harry's "Top 20 TechnicalPicks for 2002"
report. Click here
https://www.thetechtrader.com/sec-bin/ttuser?ref=multex2


2. ASK THE EXPERT
Multex.com's Alan Cohn explains some of the ways
Americans will benefit from new tax laws.

Citing aspects of new tax rules relating to individuals over 50,
education, and estate taxes, Cohn shows how a wide range of
citizens will benefit. How do the new laws affect you? He can take
your questions through tonight Friday, Jan. 25, 5 PM ET.
Ask the expert.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=0125


3. TRANSCRIPTS
On Tuesday, Barry Hyman, chief investment strategist with Ehrenkrantz,
King, Nussbaum, participated in a live Q&A session with investors on the
site. Here is some of what he had to say:

Question: Does "valuation" need to be redefined in this market?

Barry Hyman: If one considers September 11 as a turning point for the
world, then valuation must reflect the increased risk created by
terrorism.....Yet, I believe we have to look at the future earnings potential
rather than current earnings to be excited about the market's prospects
for this year and beyond. The rally we have seen from late September
only reflects the decreased risk of lowered earnings, and does not even
represent any growth story.

Click here to read Hyman's complete transcript from Tuesday:
http://www.multexinvestor.com/LiveEvents/Article.asp?target=/liveevents/article/home&ForumID=42&DocID=6214&nd=0125

Click here to access Multex Investor's free transcript database
http://www.multexinvestor.com/LiveEvents/Search.asp?target=%2Fliveevents%2Fsearch%2Fquery



Free and sponsored reports
-----------------------------------------

1. FREE RESEARCH REPORT
C.E. Unterberg Towbin provides its views on infrastructure software
stocks.

In the report, C.E. UT identifies its top pick for 2002 and reviews 8
stocks in its coverage universe including BEAS, CHKP, CTXS, ISSX,
NETE, NUAN, RSAS, and SPWX. This 14-page report, which usually
sells for $50, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25935024&nd=0125


2. DAILY FREE SPONSOR REPORT
Morgan Stanley sets a $43 price target for "outperform-volatile"-rated
Dow Chemical (DOW).

The firm says that Dow's "earnings outlook for the next several years is
favorable," but cautions investors about possible asbestos-related risk.
Register for the firm's free-research trial to access the firm's valuation
analysis and key investment strengths and risks for this and other stocks.
http://www.multexinvestor.com/download.asp?docid=5609872&sid=8&nd=0125


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Be sure to check out our other newsletters, The Internet Analyst
and The Telecomm Analyst by Multex.com. The newsletters will
inform, educate, and entertain you with usable investment data,
ideas, experts, and info about the Internet and telecommunications
sectors. To see this week's issue,
click here:
http://www.thetelecommanalyst.com/ or
http://www.theinternetanalyst.com/