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CNNfn market movers
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November 10, 1998: 2:34 p.m. ET
Most Internet players soar, playtime at Premier Parks, Patriot American injured
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NEW YORK (CNNfn) - Internet stocks dialed up powerful gains for a second straight day and a theme-park operator had fun during its Wall Street ride on Tuesday's list of market movers.
No roller-coaster ride for Premier Parks(PKS), which rolled up 5 to 28 as the theme-park operator, parent of Six Flags, surpassed analyst third-quarter expectations for 99 cents a share by 25 cents.
Investors were inhospitable to Patriot American Hospitality (PAH), which slumped 1-1/2 to 7-7/8 after Goldman Sachs downgraded the stock to a "market underperform" from a "market perform" and cut its earnings targets for 1998 and 1999.
The real estate investment trust, which specializes in hotels, reported Monday third-quarter earnings 10 cents below the Goldman estimate.
One Wall Street stinker Tuesday was French Fragrances (FRAG), which fell 1-1/8 to 5-7/8 after the perfume maker said its third quarter and fiscal year earnings will fall short of analysts' expectations due to weak retail sales and an inventory buildup.
Headed skyward was Orbital Sciences (ORB), shooting up 3-5/16 to 37-15/16 after the small- and mid-sized satellite maker said on Monday it has set a 25 percent a year revenue growth target for the next several years and a $1 billion revenue goal by 2000.
Vysis (VYSI) rose 2-3/32 to 8-11/32 after a U.S. Food and Drug Administration advisory panel voted in favor of marketing approval for its new breast cancer diagnostic test.
Intensiva Healthcare (IHCC) soared up 2-31/32 to 9-7/32 after the acute long-term care provider said it agreed to be bought by private Select Medical for $9.625 per share, or about $110 million.
ICN Pharmaceuticals (ICN) slipped 1-1/8 to 22-51/16 after the drug maker reported a net loss of 89 cents a share in its third quarter due in part to troubles in its Russian and Eastern European markets.
Analysts polled by First Call expected a loss of 2 cents per share.
Internet sector takes off again
Not losing its pace from Monday's strong gains, Internet stocks enjoyed another blizzard of investor interest Tuesday.
Setting the tone was K-Tel International (KTEL), which soared 9-9/16 to 21-1/8 after announcing an alliance with Microsoft's (MSFT) network shopping channel.
Bullish comments also sent the Internet auctioneer E-Bay (EBAY) rocketing 32-13/16 to 135-15/16. after Goldman Sachs set a 12-month price target of $150 on the stock.
Rival Onsale (ONSL) shot up 3-15/16 to 21-15/16.
But perhaps the most-striking element to the sector's rally Tuesday was how widespread it was, with virtually every big name in the sector faring well.
Everen Securities upped its price target on Internet service providers EarthLink Network (ELNK), which gained 3/16 to 55-5/16, and rival MindSpring Enterprises (MSPG), up 5-3/16 to 58
Egghead.com (EGGS), the online vendor of computer-related goodies, shot up 3-1/8 to 14-9/16.
Search engines and portals were soaring: Yahoo! (YHOO) gained 11-3/4 to 176-1/2, Excite (XCIT) climbed 5-15/16 to 53-7/16, Lycos (LCOS) up 3-3/8 to 55.
A standout on the down side was Infoseek (SEEK) off 1-5/16 to 37-1/4.
Also gaining were sub-sector players such as Internet advertising firm DoubleClick (DCLK) up 3-7/8, online CD seller CDnow (CDNW) up 5-1/4 to 13-11/16, and CNET (CNWK) surged 6-5/16 to 50-5/8. 
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