Schaeffer's Daily Market Blog Features Amgen, Google, TiVo, Dillard's, and TASER International.

CINCINNATI -- Among the stocks featured in the May 24 edition of Schaeffer's Market Blog are Amgen (NASDAQ:AMGN), Google (NASDAQ:GOOG), TiVo (NASDAQ:TIVO), Dillard's (NYSE:DDS) and TASER International (NASDAQ:TASR). Schaeffer's Market Blog is just one of the many free market commentaries written everyday at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day 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=PROB1M&PAGE=1

Schaeffer's Market Blog for Tuesday, May 24, 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

9:46 AM Amgen Added to Merrill's Focus 1 List

Biotechnology firm Amgen (NASDAQ:AMGN) was added to Merrill Lynch's Focus 1 list this morning with the brokerage firm citing increased pipeline activity and resolution to several issues that have haunted the stock. Optimism toward AMGN has been on the rise with the Schaeffer's put/call open interest ratio sitting at 0.60, which is lower than 67 percent of the readings for the past year, and is declining. Short interest for AMGN has declined in three of the past four months and the short-interest ratio is now at 2.53. Analyst ratings show 15 "buy" ratings and 11 "hold" ratings. AMGN appears to have put in a double-bottom in April and May at the 57 level, but there is resistance in the not-so-distant future at the 65 level.

10:32 AM Rumors Google Will Be Included in SPX Fuel Another Rally

To follow up on John Stewart's statements on Google (NASDAQ:GOOG) yesterday, the shares finished 5.7 percent higher on the day. According to MarketWatch, the reason for the spike higher is a growing belief that the Internet search firm will be joining the S&P 500 Index (SPX) in the near future. As John pointed out, optimism has been on the rise over the past few months. Short interest has declined by 37 percent over the past two months, yet the short-interest ratio has increased as the average daily volume has slowed down. On the options front, the Schaeffer's put/call open interest ratio (SOIR) dropped sharply after the May options series expired on Friday. The SOIR dropped from 1.00 to 0.85. GOOG shares are up another 3.5 percent today.

11:22 AM TiVo Climbs on Positive Analyst Outlook

This morning before the open, First Albany initiated coverage of TiVo Inc. (NASDAQ:TIVO) with a "strong buy" rating. What's more, the firm assigned a $16 price target to the stock. Although the shares have trended lower since the beginning of March 2004, this morning's positive outlook has sent TIVO sharply higher. Interestingly, the last time TIVO was upgraded was on April 12 by Smith Barney. This led to a nine-percent rally in the shares. At last check, TIVO was trading more than 21 percent higher today to $6.78.

11:38 AM Dillard's Drops on Worse-Than-Expected Earnings

This morning before the market open, Dillard's (NYSE:DDS) reported quarterly earnings of 46 cents per share, missing analyst expectations by eight cents per share. Revenue also came in light, as DDS reported revenue declined 2.8 percent on a year-over-year basis to $1.8 billion, versus the consensus estimate for $1.87 billion. Most of the stock's price action had been contained in a sideways trading channel between the 24 and 27.50. This morning's negative earnings surprise, however, has sent the stock nearly 10 percent lower to $22.92.

1:30 PM TASER International Up on Earnings Restatement

Stun gun maker TASER International (NASDAQ:TASR) is in the news today after restating its 2004 earnings per share to 30 cents, 1 cent lower than previously reported. TASR said the errors that led to the restatement constituted a material weakness in its internal control over financial reporting. In its amended 2004 annual report filed with the Securities and Exchange Commission, the company said it took actions to enhance the operation and effectiveness of its internal controls and procedures to ensure that it properly classifies and accounts for stock options. TASR is up nearly six percent today. Although the stock is nearly 66 percent off its December all-time high of 33.45, it has rallied more than 55 percent from its April low of 7.33. Short interest remains high at 17.2 million shares. This amounts to a huge 31.7 percent of the stock's float.

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=PROB1M&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 .