Schaeffer's Daily Market Blog Features Nike, Abercrombie & Fitch, Microsoft, Shuffle Master, and Applied Materials.CINCINNATI -- Among the stocks featured in the May 17 edition of Schaeffer's Market Blog are Nike (NYSE NYSE See: New York Stock Exchange :NKE NKE Nike, Inc. (stock symbol) NKE National Knowledge Exam (Canada) NKE NK2 Homeobox Factor-Binding Element NKE Northwest Kodály Educators NKE Network Kernel Extension ), Abercrombie & Fitch (NYSE:ANF ANF antinuclear factor; see antinuclear antibodies (ANA), under antibody. ANF abbr. antinuclear factor ANF atrial natriuretic factor. ), Microsoft (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 :MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), Shuffle Master (NASDAQ:SHFL SHFL Schuylkill Haven Free Library (Schuylkill Haven, PA) ), and Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar (NASDAQ:AMAT AMAT Applied Materials (stock symbol) AMAT Average Memory Access Time AMAT Automatic Message Accounting Transmitter AMAT Anti-Materiel (bomb or mine) AMAT Ageing Management Assessment Team ). 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 Wednesday, May 17, 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 8:30 AM Free Stock Picks in our Podcast Interviews Yesterday, I published a new edition of Trader's View, our series of podcast interviews with traders. This one looks at some bearish picks in the homebuilding sector. You can find it at our Audio and Video Center at http://www.schaeffersresearch.com/commentary/podcasts/ 10:02 AM Nike Takes a Charge It appears that athletic apparel and footwear manufacturer, Nike (NYSE:NKE) will have to take a charge to its fourth-quarter earnings. The charge stems from an arbitrator's order to pay $52.5 million in damages, plus legal fees to Alon International. Alon is a former licensee for NKE's Converse subsidiary in South America, and the payment results from a contract dispute. This morning, NKE has inched higher after hitting an early morning low of 80. This level is the site of peak put open interest in the front three months of options, so the support should not come as a surprise. Moreover, this site helped the shares rebound in May. Previously, NKE depended on the support of the 75 level, it appears that this support has moved five points higher. 10:17 AM Abercrombie & Fitch Beats Expectations Well, 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). - 11,317.0) has already logged a triple-digit loss before the first hour has passed. Thanks to this development, any stock ticking green on my desktop catches my attention. That is what happened with fashion firm Abercrombie & Fitch (NYSE:ANF) after reporting sizeable gains in income and sales during the first quarter. ANF posted first-quarter earnings of 62 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. , topping the Street's expectations for 54 cents per share. The fashionista then forecast earnings between $1.28 and $1.33 per share, including an eight-cent charge for new accounting rules, for the first half of fiscal 2006. The consensus estimate stands at $1.23 to $1.28 per share. 11:55 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard There are two charts in the blog today featuring NYSE and NASDAQ equities setting new highs and new lows, accompanied by their Schaeffer's Equity Scorecard score. Two of the companies making the list are Microsoft (NASDAQ:MSFT) and its score of one, and Shuffle Master (NASDAQ:SHFL) and its score of eight. 1:26 PM Applied Materials Takes a Hit Investors seem to be jumping into call options on Applied Materials (NASDAQ:AMAT) even as the stock is selling off. The company's earnings report seemed like good news, given they beat the consensus earnings estimate by three cents. Additionally, a brokerage firm upgraded AMAT to "neutral" from "underperform." The stock looks to still be underperforming to me, and the increase in optimism doesn't bode well for the shares either. 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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