In today's edition of the Daily Update, Charles Payne, principal analyst
at Wall Street Strategies, discusses bending the rules and asks investors
if they really want to know the dirty little secrets undergirding their
lifetime investments. He also discusses coming economic news that may
affect the market and his own current favorites, which ironically include
energy stocks.

Also, Dave Sterman examines the challenges facing EMC (EMC) and
the storage hardware market in general, and Morgan Stanley gives its
sanguine take on another kind of storage, Federated Department Stores
(FD), in a report that Multex Investor members like you can access for
free by signing up for the firm's free research trial.

One last thing: tomorrow, some of you will be receiving this email in
HTML format, as we test new ways of delivering you a better product. In
theory, those of you using email platforms that do not support HTML mail
will automatically receive text-based email as usual. We welcome your
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You can link directly to our research page, which features synopses
of broker and free reports, and you can also register for the Morgan
Stanley trial by clicking on the Morgan Stanley logo, here:
http://www.multexinvestor.com/article.asp?docid=6513&nd=0129

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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
Market on the cusp, investors on the edge
You can't stand the truth, so stay in the kitchen

By Charles Payne, principal analyst, Wall Street Strategies

There is no doubt that the topic of the week is trust. Each day saw a new
scandal and a new perpetrator. Even though Enron (ENE) continues to hog
the headlines, the Houston based energy trader (I guess that's what they
were) wasn't the only company called to the mat on ethics and
accounting (next month the country celebrates Lincoln's birthday, and
although he'd be beaming about how everyone has come together to
support the battle against evil, he wouldn't be too happy with the goings
on in the corporate world).

In the meantime, corporate earnings took a back seat to the daily
revelations of improprieties. Even the eagerly awaited testimony of Alan
Greenspan became a sideshow of sorts. After spending the last year or
so soul-searching for reasons as to why they took such an
unceremonious bath in the stock market, investors have come to find
that they were never fully aware of the goings-on behind closed doors.
There are a lot of questions to be answered, both legal and ethical, yet in
many ways we already know the answers and will never get the details.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6505&nd=0129


2. INVESTMENT IDEAS
Can EMC (EMC) stay atop the data storage mountain?
Still the market share king, margins and analyst confidence are waning
for this former stalwart

By Dave Sterman, equity research columnist

The boom in data storage has become a bust. Prices for data storage
gear have plunged as heavy competition has led to fierce price wars.
Few have taken a deeper hit from the storage sector's comedown than
industry leader EMC (EMC).

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6507&nd=0129



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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=0129


2. TODAY'S SPECIAL REPORT
Friedman, Billings, Ramsey offers a historical report on the evolution of
wireless communication.

The firm discusses potential growth catalysts for the industry, the
evolution of wireless, the global sector landscape, descriptions of
wireless technologies including CDMA, analysis of major wireless
providers, and much more. (52-page report for purchase - $100)
http://www.multexinvestor.com/download.asp?docid=26090706&nd=0129


3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
Legg Mason identifies its favorites for investors in the electric utility
space.

No stock or sector commentary, but the firm lists 4 high yield equity
ideas, 3 income and growth ideas, and 7 preferred stock ideas. Also, 94
other top yielding preferreds and a complete coverage list with
fundamental data. (7-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=26008756&nd=0129


4. THIRD-PARTY REVIEW
Kintisheff Research reports on yet another revenue warning from JDS
Uniphase.

Kintisheff discusses JDSU's earnings call last week and details what the
company said to investors. The firm relates its current investment opinion
on the stock. 4 pages of company commentary and 5 pages of financials.
(9-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=26085150&nd=0129


5. WHAT'S HOT?
Brown Brothers Harriman explains why it sees a sustainable
semiconductor recovery underway.

In the report, discussion of near-term sales activity, increase in DRAM
prices, and positive earnings revisions trends. Also, some general
chart-based info. on the broad market and BBH's strategic focus list of 37
stocks. (5-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25945421&nd=0129


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Online advice and chats
-----------------------------------------


1. ASK THE ANALYST
Schaeffer's Research's Bernie Schaeffer discusses recent price action in
major market averages--extended.

Calling latest trading activity "disturbing," Schaeffer explains why his
chart analysis reveals bearish indications. What are some key levels that
investors should watch in the Dow, Nasdaq, and S&P averages?
Bernie's spot was scheduled to end yesterday, but you can still ask him
questions through tonight, Tue., Jan. 29, 5 PM ET.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=0129

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newsletter for ONE MONTH FREE!  No credit card required. BERNIE
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2. ASK THE EXPERT
Ronald E. Newton with Insurance.com talks about how much auto
insurance you really need.

In reality, there is often a large gap between the insurance you're
required to carry and what you should carry.  Ask Ronald E. Newton of
Insurance.com your questions.  He will take investor questions until
Thurs., Feb. 7.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=0129



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


1. FREE RESEARCH REPORT
Deutsche Banc Alex Brown discusses shipment trends in the consumer
electronics industry.

DBAB looks at recent hot selling electronics equipment and same store
sales for the major retailers including BBY, RSH, CC, and TWTR. 2002
product highlights. 9 figures. This 8-page report, which usually sells for
$25, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=26001715&nd=0129


2. DAILY FREE SPONSOR REPORT
Morgan Stanley sets a $50 price target for "outperform"-rated Federated
Department Stores (FD).

The firm says that FD is "ready to ride an economic rebound," and
reports on key investment strengths and risks associated with the stock.
Multex Investor members like you can register for the firm's free-research
trial to access research on this and other stocks.
http://www.multexinvestor.com/download.asp?docid=4447062&sid=8&nd=0129


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