Schaeffer's Daily Market Blog Features: Papa John's International, Deere & Company, Boeing, and Aeropostale.CINCINNATI -- Among the stocks featured in the November 29 edition of Schaeffer's Market Blog are Papa John's International (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 :PZZA), Deere & Company (NYSE NYSE See: New York Stock Exchange :DE), Boeing (NYSE:BA), and Aeropostale (NYSE:ARO). 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. To have this report delivered to you free via email every day click on the following link and you'll also get an opportunity 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=PROB PROB Probable/Probably PROB Problem PROB People's Republic of Bangladesh 13M&PAGE=1 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 podcasts, please visit http://www.schaeffersresearch.com/commentary/podcasts/ 4:16 PM Between a Pizza Stone A pizza stone is a flat stone or piece of ceramic or earthenware used to evenly distribute oven heat to pizzas or other baked goods, more or less mimicking the effects of cooking a pizza in a masonry oven. and a Hard Place Today, Papa John's International (NASDAQ:PZZA) reported that domestic 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. fell 0.3 percent during November. Despite the apparently bad news, PZZA jumped nearly three percent on the session, but continued to find resistance at the 31 level. Technically speaking, PZZA is between a pizza stone and a hard place. The shares have suffered significantly lately, dropping more than 18 percent since late October. Long-term support at the round-number 30 level halted the decline during yesterday's session, but former short-term support turned resistance has reared its ugly head at the 31 level. However, PZZA's 10-day and 20-day trendlines just completed a bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish cross, and nearly 19 percent of the stock's float is sold short. The former suggests that technical strength could surface during the near-term, while the latter indicates a wealth of sideline sideline See on the sidelines. money should PZZA find legs to run higher. 4:07 PM Shares that Run Like a Deere Deere & Company (NYSE:DE) advanced nearly two percent today, rebounding off new-found support in the 95 area. Sparking the stock's rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective was a company announcement that it was increasing its quarterly dividend by 13 percent to 44 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. . The equity recently tagged a new all-time high, and has consolidated into support in the 95 area for the past couple of sessions as it waits for its 10-day trendline to catch up. The arrival of this moving average as support in the area could help DE continue its trek higher. 3:49 PM Has Boeing Hit a Ceiling? Shares of Dow component Boeing (NYSE:BA) have jumped more than one percent on the session after Prudential lifted its price target to $99 from $94 per share. The brokerage cited higher forecasted deliveries of Boeing's 747 jet. Despite BA's rise on the day, the shares remain capped by their 10-day moving average. Furthermore, there appears to be some pretty staunch technical resistance at the 89 level. Sentiment is thin on the equity, with a Schaeffer's put/call open interest ratio (SOIR SOIR Schaeffer's Put/Call Open Interest Ratio SOIR Simultaneous Operations on Intersecting Runways ) of 0.83 in the 13th percentile percentile, n the number in a frequency distribution below which a certain percentage of fees will fall. E.g., the ninetieth percentile is the number that divides the distribution of fees into the lower 90% and the upper 10%, or that fee level of its annual range and very little short-covering support. However, there is room for analyst upgrades, as eight of the 17 brokerage firms offering up an opinion rate the shares a "hold" or worse. It could take an upgrade to help boost BA through its 10-day trendline and the 89 level should these technical regions continue to hold. 3:48 PM Shooting Higher Quite a day turned in by Aeropostale (NYSE:ARO), isn't it? The trendy-clothing retailer is poised to finish the session more than six percent higher after announcing third-quarter earnings of 61 cents per share, including a penny-per-share charge for stock-option expensing. Sales for the quarter came in at $385.5 million. Analysts had expected sales of $384.4 million and earnings of 61 cents per share. The company's Chairman and chief Executive, Julian Geiger stated, "we remain optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about our opportunities as we enter the key holiday selling season." The company also forecast fourth-quarter earnings between 89 and 91 cents per share, which surrounds the consensus estimate for 90 cents per share. 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=PROB13C&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 and get entered to win an IPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13M&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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