Schaeffer's Daily Market Blog Features Bed Bath & Beyond, Alcoa, Harrah's Entertainment, Talbots, and Concord Communications.CINCINNATI -- Among the stocks featured in the April 7 edition of Schaeffer's Market Blog are Bed Bath & Beyond (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 :BBBY), Alcoa (NYSE NYSE See: New York Stock Exchange :AA), Harrah's Entertainment Harrah's Entertainment, Inc. (NYSE: HET) is a gaming corporation that owns and operates casinos, hotels, and six golf courses under several brands. The company, based in Las Vegas, Nevada, is the largest gaming company in the world, with yearly revenues around $7.11 billion. (NYSE:HET), Talbots (NYSE:TLB TLB - Translation Look-aside Buffer ), and Concord Communications (NASDAQ:CCRD CCRD Colorado Civil Rights Division CCRD Clear Certainty Rundown CCRD Center for Community Research and Development CCRD Climate Change Research Division (US DoE) CCRD Certified Chiropractic Rehabilitation Doctor ). 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 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 1M&PAGE=1 Schaeffer's Market Blog for Thursday, April 7, 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 9:43 AM Bed Bath & Beyond Beats Estimates Last evening domestic accessories and home furnishings retailer Bed Bath & Beyond (NASDAQ:BBBY) reported fourth-quarter earnings of 59 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. . Analysts were expecting the company to earn 55 cents per share. In addition to the earnings report, the 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. report shows a rise of 5.1 percent for the quarter. This report is one of the most impressive of the slew out this morning. BBBY shares are up over six percent at last check. 10:43 AM Alcoa's Earnings Report Outweighs Pfizer's Bad News Alcoa (NYSE:AA) reported first quarter earnings results last evening. The earnings from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the were 41 cents per share, better than the 39 cents per share estimated by analysts. AA stock is up almost five percent. Fellow Dow member Pfizer (PFE 1. (text, editor) PFE - Programmer's File Editor. 2. (language) PFE - Portable Forth Environment. ) got another piece of bad news as the Food and Drug Administration asked the company to remove Bextra from the market. PFE shares are down just over two percent. Looking at these two stocks, AA is contributing nine points to the Dow, while PFE is taking away 4.5 points from today's move. 11:43 AM Harrah's Entertainment Higher on Upside Earnings Guidance Last night after the market close, Harrah's Entertainment (NYSE:HET) said it now expects its adjusted first-quarter earning to come in between 95 to 99 cents per share. This forecast is ahead of analysts' consensus estimates of 83 cents per share. HET has been quite a performer over the past year, as its gains have outpaced the broad market by more than nine percent. Despite its strength, short sellers have made large wagers WAGERS. A wager is a bet a contract by which two parties or more agree that a certain sum of money, or other thing, shall be paid or delivered to one of them, on the happening or not happening of an uncertain event. 2. The law does not prohibit all wagers. against the security, as short interest accounts for nearly 10 percent of its float. Short-covering could be bolstering HET's gains today. At last check, HET was trading $5.45 higher to $69.01. 12:05 PM Talbots Reports Weak Same-Store Sales, Guides Lower This morning before the market open, Talbots (NYSE:TLB) reported that March same-store sales increased 0.9 percent. Furthermore, the company announced that it expects first-quarter earnings to come in at the low end of its prior guidance range. This news has sent TLB shares sharply lower. TLB has underperformed the broad market (as measured by the S&P 500 Index) by more than 12 percent over the past year. A look at sentiment indicators Sentiment indicators The general feeling of investors about the state of the market, such as whether they are bullish or bearish. on the stock reveals that it has not drawn much attention from put buyers. In fact, there are currently only 360 open puts compared with 6,400 calls. Financial analysts do not have a strong feeling toward TLB, as nine of the 15 analysts covering the equity rate it a "hold." At last check, TLB was trading $2.91 lower to $29.94. 12:36 PM Concord Flies Every day in our Market Recap feature we list stocks that have shown the largest percentage moves in price. Concord Communications (NASDAQ:CCRD) stands a very good chance of making the list today. On news that Computer Associates (CA) has agreed to buy CCRD in a $350 million deal, CCRD is up 67.8 percent on the day so far. 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 . |
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