Schaeffer's Daily Market Blog Features CarMax, Exxon Mobil, F5 Networks, Alcoa, and 3M Company.CINCINNATI -- Among the stocks featured in the June 19 edition of Schaeffer's Market Blog are CarMax (NYSE NYSE See: New York Stock Exchange :KMX KMX Kyocera Mexico KMX Knowledge Management Experts ), Exxon Mobil (NYSE:XOM XOM Exxon Mobil Corporation (stock symbol) XOM X/Open Object Management XOM OSI-Abstract-Data Manipulation API XOM Xml Object Model XOM X/Open Osi Abstract Data Manipulation ), F5 Networks (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 :FFIV FFIV Final Fantasy Four (video game) ), Alcoa (NYSE:AA), and 3M Company (NYSE:MMM MMM Myeloid metaplasia with myelofibrosis, see there ). 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 12M&PAGE=1 Schaeffer's Market Blog for Monday, June 19, 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 11:50 AM CarMax Thumps Street Estimate This morning, CarMax (NYSE:KMX) reported that first-quarter earnings climbed to 53 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. from 35 cents in the year-earlier period. Excluding items, earnings came in at 54 cents per share, crushing the Street estimate for earnings of 38 cents per share. Sales for the three-month period jumped 19 percent to $1.89 billion, while 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. grew 14 percent. Analysts had expected revenue of $1.82 billion. Looking ahead, the firm expects 2007 same-store used unit growth of two to eight percent, and earnings of $1.25 to $1.47 per share, encompassing the Street estimate of $1.36 per share. The shares gapped higher on the positive news, hitting an intraday high of $35.25. The equity is currently trading above both its 10-week and 20-week moving averages, but is facing former overhead resistance at the 36 level. At last check, the stock was up 8.8 percent. 12:51 PM Optimism Toward Exxon Option players seem to be jumping in Exxon Mobil (NYSE:XOM) call options, as the current put/call volume ratio of 0.35 equates to call volume of nearly three times that of respective put volume. The stock has been weak recently, and is down nearly two percent today. Such optimism for a bounce could be an indication of further weakness during the near term. 12:54 PM F5 Networks Upgraded F5 Networks (NASDAQ:FFIV) has soared nearly 4.5 percent this afternoon following an upgrade from Robert W. Baird Robert Wilson Baird (born April 1, 1883) helped found the financial services firm that bears his name and led it for more than 40 years. Baird’s father was a professor of Greek literature at Northwestern University in Evanston, Illinois, where Baird grew up. to "outperform" from "neutral." The group cited evidence that business spending trends have picked up for the lift. The stock has finally pushed through resistance at its declining 20-day moving average, which had capped the shares since early April. However, the equity is facing round-number resistance at the 50 level along with potential resistance in the form of its declining 10-week trendline. FFIV hasn't logged a weekly close above this moving average since the end of March. 3:17 PM Dow Component Breakdown Alcoa (NYSE:AA) and 3M Company (NYSE:MMM) are among the top losers in the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. by Dow points. AA has shed 3.6 percent, as it was once again rejected by resistance at its declining 10-day moving average. In fact, the equity has been guided lower by its 10-day and 20-day trendlines since mid-May. MMM's technical picture looks similar to AA's, as it was also halted by resistance at its short-term trendlines. What's more, MMM has breached support at its ascending 20-week moving average. 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=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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