Table: Leaders and Laggards

LEADERS

PHARMACEUTICALS

New blockbusters could rack up billions in sales, despite political pressure on drug prices

INSURANCE

Skyrocketing premiums will help insurers restore assets decimated by the 9-11 disaster

SEMICONDUCTORS

After the worst downturn ever, the bounceback in chip sales could surprise skeptics

DEFENSE

Commercial jetliner sales will be down, but the war on terrorism will buoy weapons spending

LAGGARDS

AUTOMOTIVE

Detroit's 0% financing lifted 2001 sales, but hurt profits-and dragged down prospects for this year

TRAVEL

Fear of terrorism will keep airplane seats empty, resulting in vacant hotel rooms and fewer car rentals

TELECOM

As businesses cut spending on communications equipment, expectations for a recovery grow faint

METALS

Even with a government bailout, import protection, and consolidation, steelmakers will be in dire straits

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