Schaeffer's Daily Market Blog Features: General Motors, Atari, Palm, and Goldman Sachs.CINCINNATI -- Among the stocks featured in the June 30 edition of Schaeffer's Market Blog are General Motors (NYSE NYSE See: New York Stock Exchange :GM), Atari (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 :ATAR), Palm (NASDAQ:PALM), and Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. (NYSE:GS). Schaeffer's Market Blog is just one of the many free market commentaries written every day at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. For additional information about this report or to have it delivered to you free via email every day click on the following link. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB PROB Probable/Probably PROB Problem PROB People's Republic of Bangladesh 12M&PAGE=1 . Schaeffer's Market Blog for Friday, June 30, 2006: Below are just a few of today's Market Blog entries. Click here to read all of today's Market Blog. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 . 11:43 AM General Motors Higher General Motors (NYSE:GM) is more than five percent higher this morning, after Kirk Kerkorian Kerkor "Kirk" Kerkorian (Armenian: Քըրք Քըրքորյան) (born June 6, 1917) is an American billionaire, and president/CEO of Tracinda Corporation, his private holding sent the automaker's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Rick Wagoner George Richard "Rick" Wagoner, Jr. (b. February 9 1953, Wilmington, Delaware) is Chairman and Chief Executive Officer of General Motors. Wagoner grew up in Richmond, Virginia and graduated from John Randolph Tucker High School there. a letter. In the correspondence, Kerkorian suggested that the automaker join in a partnership with France's Renault and Japan's Nissan. Through his Tracinda investment company, Kerkorian stated that a deal could "realize substantial synergies and cost savings and thereby greatly benefit the company and enhance shareholder value." Kerkorian's Tracinda, represented by Jerry York This article is about the hockey coach. For the businessperson, see Jerry York (businessman). Jerry York (born July 25, 1945 in Watertown, Massachusetts) is the Men's Hockey Coach at Boston College. He graduated from Boston College High School in 1963 and BC in 1967. on the board, owns 9.9 percent of GM's shares. Renault threw its hands in the air, refusing to comment on the letter. 11:46 AM Free Financial Podcasts Don't forget that many of our observations are available as audio presentations that you can hear on your computer or download from Apple's iTunes Music Store to play on a portable device such as an iPod. To see the full menu of observations, please visit our media center. Yesterday, Jon Lewis
Jonathan "Jon" Lewis (born 26 August 1975 in Aylesbury, Buckinghamshire) is an English cricketer, was brought up in Swindon where he went to Chruchfields School and Swindon interviewed our Director of Quantitative Analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: , Chris Johnson Chris Johnson may refer to: In sports:
12:06 PM Atari Downfall Riot Atari (NASDAQ:ATAR) is more than 12 percent lower today, thanks to a statement made by auditors. The group expressed "substantial" doubt that ATAR will be able to continue as a "going concern." ATAR added that it has revised its fourth-quarter result to a loss of $6.2 million, or five 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. . ATAR also revised its full-year forecast to a loss of 54 cents per share. Originally, the firm expected a loss of three cents per share and 52 cents per share respectively. 12:48 PM PALM Drops Following Disappointing Forecast Late yesterday, Palm (NASDAQ:PALM) reported that quarterly profit increased 54 percent when compared to a year earlier. The reason for the jump is stronger sales of the company's handheld devices. In the quarter, PALM earned 25 cents per share. For the next quarter, PALM expects earnings to fall between $380 million and $385 million. Therein is the reason the equity has shed more than 11 percent today. The Street expects earnings of $413 million. 1:54 PM Goldman Sachs Looks Vulnerable Goldman Sachs (NYSE:GS) looks like it could be vulnerable as the stock was rejected at its 50-day moving average this morning and has been moving lower through the session. The shares also look to be near the top of their downtrending channel over the past couple of months. Amid the recent price weakness, investor optimism on the stock seems to be as high as ever. The current Schaeffer put/call open interest ratio of 0.67 is below 94 percent of readings over the past year, short interest fell eight percent over the past month to a measly measly said of beef, pork and mutton because infected meat has a speckled appearance thought to resemble measles (1) in humans. See also cysticercus. two percent of float, and analysts currently have 11 "buy" ratings, six "hold" ratings, and zero "sell" ratings on the equity. Not exactly the picture of worry. This could be a potential red flag for the security unless price action improves soon. For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Click here to read all of today's Market Blog: http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 . 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. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB12M&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