Schaeffer's "Behind the Headlines" Highlights the Following Stocks: Ford Motor, GameStop, Jack in the Box, and Medtronic.CINCINNATI -- Today's "Behind the Headlines" from Schaeffer's Investment Research focuses on Ford Motor (NYSE NYSE See: New York Stock Exchange :F), GameStop (NYSE:GME GME granulomatous meningoencephalitis. GME Graduate medical education, see there ), Jack in the Box (NYSE:JBX JBX Jack-In-The-Box (stock symbol) ), and Medtronic (NYSE:MDT MDT abbr. Mountain Daylight Time MDT (in the US and Canada) Mountain Daylight Time MDT n abbr (US) (= mountain daylight time) → ). "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: Ford Motor: Ford Motor (NYSE:F) reported today that it plans to revise the pricing of all U.S. models by 2008 as it works to stabilize its retail sales. F officials say the move will enable the automaker to "step away from the heavy incentives" that have had mixed repercussions repercussions npl → répercussions fpl repercussions npl → Auswirkungen pl for F and its competitors. This development has taken F shares about 1.6 percent lower but they are currently holding at price support at the 8.50 level. This region previously acted as resistance during the past few months but has temporarily reversed roles to serve as support. Looking at the security's front-month options series, F is currently wedged wedged - 1. To be stuck, incapable of proceeding without help. This is different from having crashed. If the system has crashed, it has become totally non-functioning. If the system is wedged, it is trying to do something but cannot make progress; it may be capable of doing a few between most-active put open interest (at the out-of-the-money December 7.5 strike) and most-active call open interest on the December 9.0 call option. With nearly 50,000 calls in residence, the nine strike represents robust options-related resistance immediately overhead. Continued rejection from this site could test the mettle met·tle n. 1. Courage and fortitude; spirit: troops who showed their mettle in combat. 2. Inherent quality of character and temperament. of the 8.50 mark. Click the following link to see a daily chart of F since July 2006 and the December open-interest configuration for F: http://www.schaeffersresearch.com/wire?ID=17768. GameStop: An 89-percent jump in third-quarter sales helped lift GameStop's (NYSE:GME) quarterly profit to 17 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. , falling short of Wall Street's consensus view by a nickel per share. Looking forward, however, GME lifted the lower end of its 2006 outlook, and says 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. in the current reporting period should rise 14 percent to 18 percent. While GME gapped lower out of the gate, it quickly turned on a dime and is now in positive territory by nearly 5.7 percent, sitting at a new annual high. Helping boost the stock was its 50-day moving average, which has not been violated since late July. GME's 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. low was defined by this trendline (and the 50 level). The 50 mark is also the site of hefty put open interest in the December series, home to about 10,000 contracts. With the stock now in new-high territory, the bears may begin to consider a mass exodus. After the last reporting period, the number of GME shares sold short represented 16 percent of the company's available float. What's more, the stock boasts a short-interest ratio short-interest ratio A ratio that is used for market analysis and is calculated by dividing short interest by average daily volume. Technicians use the short-interest ratio as a tool to determine market direction. of 7.3 days to cover, providing a solid jumping-off point Noun 1. jumping-off point - a beginning from which an enterprise is launched; "he uses other people's ideas as a springboard for his own"; "reality provides the jumping-off point for his illusions"; "the point of departure of international comparison cannot be an for s short-covering rally. Click the following link to see a daily chart of GME since July 2006 with 50-day moving average: http://www.schaeffersresearch.com/wire?ID=17768. Jack in the Box: Fast-food concern Jack in the Box (NYSE:JBX) enjoyed a 54-percent boost in fourth-quarter net income after unloading 25 of its locations in Hawaii. Sales rose 12 percent during the three-month reporting period to $671 million while same-store sales climbed 5.9 percent. Excluding items, JBX banked 70 cents per share, or above the 66 cents expected by analysts. The stock's gain of 3.5 percent today has put the shares in uncharted territory
Click the following link to see a weekly chart of JBX since June 2006 with 10-week moving average: http://www.schaeffersresearch.com/wire?ID=17768. Medtronic: Medtronic (NYSE:MDT) has gapped notably higher today after issuing second-quarter earnings numbers that topped Street expectations. Revenue climbed more than 11 percent during the quarter to $3.08 billion, also exceeding analysts' predictions. The stock's eight-percent rally today has shoved MDT over its 20-month moving average for the first time since February. The equity could now finish the month above this long-term trendline, reversing a recent trend. Additionally, this week MDT has hurdled through the 51.12 level, which marks a 50-percent correction between the stock's January 2006 peak and its August nadir. Click the following link to see a monthly chart of MDT since July 2005 with 20-month moving average: http://www.schaeffersresearch.com/wire?ID=17768. 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. |
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