Schaeffer's "Behind the Headlines" Highlights the Following Stocks: Barnes & Noble, Dell, Sears Holdings, and Stein Mart.CINCINNATI -- Today's "Behind the Headlines" from Schaeffer's Investment Research focuses on Barnes & Noble (NYSE NYSE See: New York Stock Exchange :BKS BKS Barracks BKS Best Kept Secret (gaming) BKS Bildung, Kultur Und Sport (German) BKS Brookside (city) BKS Bergen Kirurgiske Sykehus (Bergen, Norway) ), Dell (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DELL), Sears Holdings (NASDAQ:SHLD SHLD Should SHLD Store Hl Direct SHLD Shift Left Double ), and Stein Mart Stein Mart NASDAQ: SMRT is a chain of department stores that sells boutique, apparel, footwear, linens and home decor. Stein Mart, Inc. is based in Jacksonville, Florida, and describes itself as "a hybrid between a better department/specialty store and a traditional (NASDAQ:SMRT SMRT Smart SMRT Singapore Mass Rapid Transit SMRT Silencing Mediator for Retinoid and Thyroid Hormone Receptors SMRT Section for Magnetic Resonance Technologists SMRT Sampling Modeling and Research Technology SMRT Single Message-Unit Rate Timing SMRT Signal Message Rate Timing ). "Behind the Headlines" is a report that analyzes newsworthy news·wor·thy adj. news·wor·thi·er, news·wor·thi·est Of sufficient interest or importance to the public to warrant reporting in the media. news stocks that are generating a lot of attention on Wall Street. "Behind the Headlines" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. Take advantage of the timely Schaeffer commentaries by signing up for their free e-newsletters -- Opening View, Market Recap, and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day and get entered to win an iPod Nano A flash-based digital music player from Apple, introduced in 2005. Like larger iPod models, the nano has a color screen. Although the nano name suggests ultra-small "nanotechnology," the iPod shuffle is actually smaller. See iPod. . http://www.schaeffersresearch.com/redirect.aspx?CODE=PROAW13M&PAGE=1. Behind the Headlines: Barnes & Noble: This morning, Barnes & Noble (NYSE:BKS) reported a preliminary third-quarter loss of $2.8 million, or four cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , matching the consensus estimate. Sales rose three percent for the quarter to $1.11 billion, while same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. inched two percent higher for the latest quarter. The bookseller noted it won't be able to finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... its results until a special committee of its board completes an internal review of its historical stock option granting practices. Looking ahead, the firm expects fourth-quarter earnings between $1.86 and $1.96 per share, versus the consensus estimate of $1.95 per share. Apparently investors weren't impressed with the results, as the stock has pulled back, dropping below support at its ascending ascending /as·cend·ing/ (ah-send´ing) having an upward course. ascending progressing to higher levels, usually used in reference to the nervous system. 10-day and 20-day moving average. However, the security has found a layer of support the 40 level. BKS gapped above this region on October 23 and it has served as key support ever since. Furthermore, support in the form of the stock's ascending 10-week trendline (near 39.50) is rising into the region and could help give the shares a lift. Click the following link to see a Daily Chart of BKS since August 2006 with 10-Day and 20-Day Moving Averages: http://www.schaeffersresearch.com/wire?ID=17749. Dell: It's been a rough session for Dell (NASDAQ:DELL). Last night, the firm stated that it was postponing the release of its third-quarter earnings report (which was supposed to be released tonight) due to the "level of complexity the company is facing in the preparation of its preliminary results." Furthermore, the Securities and Exchange Commission (SEC) has launched a formal investigation into the firm. The shares gapped lower on the negative news, but have clawed claw n. 1. A sharp, curved, horny structure at the end of a toe of a mammal, reptile, or bird. 2. a. A chela or similar pincerlike structure on the end of a limb of a crustacean or other arthropod. b. their way back from their intraday Intraday Another way of saying "within the day." Notes: This term is often used for the new highs and lows of a security. For example, "a new intraday high" means a security reached a new all-time high throughout the trading day, but then fell by closing. lows. However, the stock's rebound has been stopped by the security's ascending 10-day moving average. What's more, the equity's recent rally attempt has been halted by its descending 50-week moving average, which DELL has not logged a weekly close above since August 2005. The 25 level could also prove to be problematic for the shares. This strike is the site of heavy call open interest. In the November series, open interest at the 25 call stands at 82,300 contracts, with volume hitting 31,200 contracts today. Meanwhile, the December 25 call is home to more than 24,000 contracts, with another 23,500 contracts changing hands today. This accumulation of bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish bets could serve as a layer of options-related resistance. Click the following link to see a Daily Chart of DELL since September 2006 with 10-Day Moving Average: http://www.schaeffersresearch.com/wire?ID=17749. Sears Holdings: Before the open, Sears Holdings (NASDAQ:SHLD) announced earnings of $196 million, or $1.27 per share. Excluding items, earnings came in at 83 cents per share on revenue of $11.94 billion. Analysts had predicted earnings of 98 cents per share on revenue of $11.81 billion. From a technical perspective, the stock is struggling to hold onto support in the 170 region, which has helped to buoy the shares since they jump above this round-number level in mid-October. This area is also home to the stock's ascending 50-day moving average, which SHLD has not notched a daily close below since late August. Traders should keep an eye on this region. A solid break below 170 could signal a pullback Pullback A falling back of a price from its peak. This type of price movement might be seen as a brief reversal of the prevailing upward trend, signaling a slight pause in upward momentum. to long-term support at the equity's 10-month moving average at the 150 level. Click the following link to see a Daily Chart of SHLD since July 2006 with 50-Day Moving Average: http://www.schaeffersresearch.com/wire?ID=17749. Stein Mart: Sticking with retailers, Stein Mart (NASDAQ:SMRT) announced also slipped into the earnings confessional to post third-quarter earnings of $237,000, or a penny per share, while sales inched 0.8 percent higher to $339.2 million. The consensus estimate was for break-even results. However, the firm warned that sales in the second week of November were lower than expected. The company believes, if this slower trend continues, fourth-quarter earnings would come in at 48 cents per share, compared to the Street estimate of 60 cents per share. The shares have pulled back on the lackluster outlook, but rebounded off key support at the 15 level. This region has served as both support and resistance in the past, and appears to resuming its role as support for the shares. However, the stock's rebound isn't without its potential roadblocks. Prior to the equity's gap lower, it had been capped by its descending 80-week moving average. This trendline could leave the shares squeezed between the 18 and 15 levels for the near term. Click the following link to see a Weekly Chart of SMRT since January 2005 with 80-Day Moving Average: http://www.schaeffersresearch.com/wire?ID=17749. The best way to take advantage of the timely Schaeffer commentaries is to sign up to receive their free e-newsletters -- Opening View, Market Recap and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day and get entered to win an iPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROAW13M&PAGE=1. About Schaeffer's Investment Research (www.SchaeffersResearch.com) Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion