Schaeffer's Daily Market Blog Features Newmont Mining, Anteon International, Anadarko Petroleum, CIT Group, and BE Aerospace.CINCINNATI -- Among the stocks featured in the January 18 edition of Schaeffer's Market Blog are Newmont Mining (NYSE NYSE See: New York Stock Exchange :NEM), Anteon International (NYSE:ANT), Anadarko Petroleum (NYSE:APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ), CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group (NYSE:CIT), and BE Aerospace (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 :BEAV BEAV Binary Editor and Viewer ). 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=PROB PROB Probable/Probably PROB Problem PROB People's Republic of Bangladesh 12M&PAGE=1 . Schaeffer's Market Blog for Wednesday, January 18, 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 . 10:03 AM NYSE & NASDAQ New Highs/New Lows With Schaeffer's Equity Scorecard After starting the New Year off by rolling out five consecutive winning sessions, the bulls are handing the reigns over to the bears. The S&P 500 Index (SPX (Sequenced Packet EXchange) The transport layer protocol in the NetWare operating system. Similar to the TCP layer in TCP/IP, it ensures that the entire message arrives intact. SPX uses NetWare's IPX as its delivery mechanism. ) is descending toward its 20-day moving average, which has been supportive for the last several weeks with only one failure in late December. Newmont Mining (NYSE:NEM) scores 9.0 out of 10 on the Schaeffer's Equity Scorecard, making it a strong opportunity for bulls. Anteon International (NYSE:ANT) and Anadarko Petroleum (NYSE:APC) both score 8.0 out of 10. More than 30 other trading suggestions are available on our Daily Market Blog at SchaeffersResearch.com. 12:16 PM CIT Beats Earnings Estimates Commercial and consumer finance company CIT Group (NYSE:CIT) reported fourth-quarter earnings that easily topped Wall Street's estimates, and the firm offered an optimistic profit forecast for 2006. For the latest quarter, the company earned $248 million, or $1.21 per share, for the latest quarter, up from $204 million or 95 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 earnings of $1.04. Going forward, CIT is expecting a profit of $4.75 to $4.85 per share, whereas analysts are calling for earnings of $4.70. Company executives attribute its blowout quarter to continued strength in consumer and financial lending. 2:27 PM Market Bounces Back The Fed released its Beige Book Beige Book A commonly used name for the Fed report entitled "Summary of Commentary on Current Economic Conditions by Federal Reserve District." It is published just before the FOMC meeting on interest rates and is used to inform the members on changes in the economy since the last at 2:00 p.m. Eastern time, and the equity markets have caught a bit of a bid as 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. (DJIA DJIA See Dow Jones Industrial Averager (DJIA). ) has rebounded off 10,820 to retake re·take tr.v. re·took , re·tak·en , re·tak·ing, re·takes 1. To take back or again. 2. To recapture. 3. To photograph, film, or record again. n. 1. 10,850. In addition, the 10,820 level was also the site of the 50-day moving average for the Dow. We'll have to keep an eye out for follow-through buying. Breaks of the 50-day moving average for the Dow and the 20-day moving average for the S&P 500 Index (SPX) could cause increased selling pressure. 2:30 PM BE Aerospace Shows its Strength BE Aerospace (NASDAQ:BEAV) is rising today, despite the softness in the market. For those of you who haven't read my posts here regarding one of my favorite stocks, BEAV is a leading maker of cabin components for commercial passenger aircraft and business jets. The stock has had high short interest for some time. In fact, BEAV's short interest has almost doubled in the past year. The more than 3.2 million shares shorted amount to nearly six percent of the stock's float. BEAV has gained more than 112 percent in the past year. 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=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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