Schaeffer's Daily Market Blog Features Abaxis, salesforce.com, Radio One, School Specialty, and Amazon.com.CINCINNATI -- Among the stocks featured in the November 15 edition of Schaeffer's Market Blog are Abaxis (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 :ABAX ABAX Abaxial ), salesforce.com (NYSE NYSE See: New York Stock Exchange :CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), Radio One (NASDAQ:ROIA), School Specialty (NASDAQ:SCHS SCHS Santa Cruz High School (California) SCHS Supreme Court Historical Society SCHS San Clemente High School SCHS Sand Creek High School (Colorado Springs, CO) ), and Amazon.com (NASDAQ:AMZN AMZN Amazon.com (NASDAQ symbol) ). 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 11M&PAGE=1 . Schaeffer's Market Blog for Tuesday, November 15, 2005: 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 . 10:01 AM NYSE & NASDAQ New Highs/New Lows With Schaeffer's Equity Scorecard The number of stocks achieving new annual highs on Monday outpaced the number of stocks hitting new annual lows 195 to 103. The Nasdaq & NYSE Composite The NYSE Composite (NYSE: NYA) is a stock market index covering all common stock listed on the New York Stock Exchange, including American Depositary Receipts, Real Estate Investment Trusts, tracking stocks, and foreign listings. New Highs/New Lows ratio currently stands near 0.60. Glancing at the chart of this ratio over the past couple of years, the previous peaks suggest that this measure still has further upside before we get into real danger of a reversal. In the Daily Market Blog at SchaeffersResearch.com we list more than 40 stock picks today that are achieving new annual highs or new annual lows while sporting an "extreme" Schaeffer's Equity Scorecard reading. Abaxis (NASDAQ:ABAX) and salesforce.com (NYSE:CRM) both score 8.5 out of 10, indicating clear upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar . Meanwhile, Radio One (NASDAQ:ROIA) earns the ignominy IGNOMINY. Public disgrace, infamy, reproach, dishonor. Ignominy is the opposite of esteem. Wolff, Sec. 145. See Infamy. of 0.0 out of 10, the strongest possible indicator or a drop in price. For more information, please visit the Daily Market Blog at SchaeffersResearch.com. 10:46 AM School Specialty Lower on Earnings and Guidance According to Yahoo! Finance, School Specialty (NASDAQ:SCHS) provides products, programs, and services that improve student achievement and development in the United States and Canada. This morning before the market open, SCHS reported second-quarter earnings of $1.09 per share, seven cents lighter than analyst estimates. Company revenues decreased 4.7 percent year-over-year to $344.4 million, slightly light of the consensus estimate of $361 million. SCHS also issued downside guidance for Y06 earnings and now sees earnings per share of $1.70-1.80 versus the consensus estimate of $1.84. Technically speaking, SCHS has been a weak performer over the past year. The stock has shed nine percent and underperformed the broad market (as measured by the S&P 500 Index) by 13 percent over the past 52 weeks. 11:06 AM Amazon.com To Join S&P 500 Index Amazon.com (NASDAQ:AMZN) will join the S&P 500 Index after the close of trading Friday, November 18th. AMZN will be replacing AT&T (T), which is being acquired by SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications (SBC). A check on AMZN's sentiment backdrop shows that the option community is skeptical of the stock's prospects. There are 281,000 open puts compared with 234,900 open calls in the near-term. The resultant Schaeffer's put/call open interest ratio (SOIR SOIR Schaeffer's Put/Call Open Interest Ratio SOIR Simultaneous Operations on Intersecting Runways ) of 1.2 is higher than two-thirds of the readings taken over the past year. Financial analysts do not hold AMZN in high regard either. According to Zacks, there are three "buy" ratings, nine "hold" ratings, and three "sell" ratings on AMZN. At last check, AMZN was trading six percent higher to $44.99 today. The above are just a few of today's Daily Market Blog entries. Click here to read all of today's Daily 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=PROB11M&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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