Schaeffer's Daily Market Blog Features Apple Computer, Wal-Mart Stores, Home Depot, Jack in the Box, and Marvell Technology Group.CINCINNATI -- Among the stocks featured in the May 16 edition of Schaeffer's Market Blog are Apple Computer (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 :AAPL AAPL Apple Computer, Inc. (stock symbol) AAPL American Association of Professional Landmen AAPL American Academy of Psychiatry and the Law AAPL Advance Audiovisual Presentation Limited AAPL Advocates for Arkansas Public Libraries ), Wal-Mart Stores (NYSE NYSE See: New York Stock Exchange :WMT (Windows Media Technologies) See Windows Media. ), Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box (NYSE:HD), Jack in the Box (NYSE:JBX JBX Jack-In-The-Box (stock symbol) ), and Marvell Technology Group Marvell (NASDAQ: MRVL) is an American producer of storage, communications and consumer semiconductor products. Their products can be found in a range of applications:
PROB Problem PROB People's Republic of Bangladesh 12M&PAGE=1 . Schaeffer's Market Blog for Tuesday, May 16, 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 . 9:51 AM Apple in the News Creative Technology Ltd. (CREAF CREAF Creative Technology Ltd (stock symbol) CREAF Centre de Recerca Ecològica i Aplicacions Forestals ) announced that it filed a complaint with the U.S. International Trade Commission requesting an investigation into whether Apple Computer (NASDAQ:AAPL) has violated a tariff act. CREAF also announced that it sued AAPL, seeking an injunction and increased damages. The suit also charges AAPL with "willful infringement" of its Zen patent. AAPL is also making news with the release of the MacBook laptop PC. The 13-inch screen MacBook debuted at the consumer market with a price tag between $1,099 and $1,499. The new MacBooks run on Intel (INTC INTC Intel (NASDAQ symbol) INTC Intercept INTC Interrupt Controller ) Core Duo processors as do the iMac, Mac Mini, and MacBook Pro. The new computer marks AAPL's continued transition to utilization of INTC microprocessors. 11:03 AM Two Retailers Headed in Different Directions Two blue-chip retailers are having starkly different days after reporting earnings. First is Wal-Mart Stores (NYSE:WMT). The largest retailer in all known humanity has increased slightly more than one percent this morning, after posting better-than-expected first-quarter earnings. Citing a new hard-line approach to keeping inventory in check, as well as new-fashioned merchandise, WMT posted earnings of 63 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. on sales of $80.47 billion. Expectations were for earnings of 61 cents per share on sales of $80.43 billion. WMT did throw a bit of a damper on the party, forecasting earnings that would match expectations if they achieved the high end of their forecast range. The retailer believes that costs for gasoline, utilities, and interest rates will drag down their second-quarter earnings. Despite the good news, WMT continues to find resistance at its descending 20-month moving average. On the other side of the coin is Home Depot (NYSE:HD). The home-improvement giant posted first-quarter earnings of 70 cents per share, topping expectations for 67 cents per share. HD has slumped more than three percent today, but not solely because the company's sales missed expectations. The company also announced that it will no longer provide same-store sales data, a closely watched indicator of performance. While today's drop has pulled HD's 10- and 20-unit, daily and weekly moving averages to the verge of a bearish cross, it has found some support at the 39 level. 11:28 AM Jack in the Box Hits New All-Time High Fast-food concern Jack in the Box (NYSE:JBX) has rallied three percent to peg a new all-time high in trading this morning. The restaurateur res·tau·ra·teur also res·tau·ran·teur n. The manager or owner of a restaurant. [French, from restaurer, to restore; see restaurant. boosted its 2006 earnings outlook to a range of $2.60 to $2.63 per share from its prior range of $2.57 to $2.60. Third-quarter earnings are expected between 65 and 67 cents per share. In the second quarter, JBX banked $21.8 million, or 61 cents per share, as revenue rose nine percent to $626 million. Same-store sales rose four percent, at the high end of the company's prior forecasts. Analysts were targeting per-share results of 58 cents. Heading into this report, analysts weren't terribly optimistic on JBX, awarding six "hold" ratings and no "buys." This type of skepticism may be partially responsible for the equity's surge higher today. From an expectational perspective, no one saw this upside surprise coming. 12:56 PM Marvell Declines; Optimism Increases The Schaeffer's put/call open interest ratio (SOIR SOIR Schaeffer's Put/Call Open Interest Ratio SOIR Simultaneous Operations on Intersecting Runways ) on Marvell Technology Group (NASDAQ:MRVL) has fallen from 0.75 to 0.63 since May 5 despite the downtrend downtrend A series of price declines in a security or the general market. Many analysts feel that investors should avoid securities in a downtrend until the pattern is broken. Compare uptrend. in the shares. The stock is down more than 12 percent during the same period. Such optimism amid technical weakness could be a sign that there is more downside yet to come for the semiconductor concern. The company reports earnings on Thursday after the close. For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Also, for more information on what makes up these scores, or if you want more filters and screens, take a 30-day trial to our Schaeffer's Gold. 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 . |
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