Schaeffer's Daily Market Blog Features Rambus, Carpenter Technology, Allegheny Technologies, BE Aerospace, Netflix.

CINCINNATI -- Among the stocks featured in the April 24th edition of Schaeffer's Market Blog are Rambus (NASDAQ:RMBS), Carpenter Technology (NYSE:CRS), Allegheny Technologies (NYSE:ATI), BE Aerospace (NASDAQ:BEAV), and Netflix (NASDAQ:NFLX). 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=PROB12M&PAGE=1

Schaeffer's Market Blog for Monday, April 24, 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

2:15 PM Rambus Wins

Last Thursday, Rambus (NASDAQ:RMBS) dropped more than 20 percent on rumors that it had lost a patent case against Hynix Semiconductor. Well, that turned out to be false and the verdict just came out and wouldn't you know it - RMBS won? In fact, the jury awarded RMBS infringement damages of $306.5 million. As a result, RMBS is up 14 percent, but it's still lower than before last Thursday's drop. It's been a wild few days for RMBS is all I can say.

2:59 PM More Gains for Steel

It's been a pretty slow day, as it looks like everyone's waiting until some large names report earnings later this week before making any big plays. The big loser today has been energy, as crude lost more than $2 to close just above $73 a barrel. As you'd expect, energy sold off, with the Oil HOLDRS Trust (OIH) down more than two percent and the Select Sector SPDR Energy Fund (XLE) down 1.96 percent.

But all isn't lost, as steel continues to do great. Sparking the gains today is a complete earnings smash from Carpenter Technology (NYSE:CRS) that has the shares up nearly 12 percent to a new all-time high. Fortunately, we've got calls on CRS in Schaeffer's Gold and Metals Prospector so today is a great day for that service. Joining in on the fun is fellow steel company Allegheny Technologies (NYSE:ATI), which is up over four percent to a new high as well.

3:10 PM BE Aerospace Up on Better-Than-Expected Earnings

I've written about BE Aerospace (NASDAQ:BEAV) here on numerous occasions. It's one of my favorite stocks and is getting a boost today along with other aerospace-related stocks. Today's catalyst is a good earnings report. BEAV reported first-quarter GAAP earnings of 18 cents per share, two cents better than the Wall Street consensus estimate. Revenue rose 25.8 percent on a year-over-year basis to $247.2 million. The company also raised its GAAP guidance for the 2006 fiscal year to $1.17 from $1.12. This forecast is above the consensus estimate of $1.15. The stock has risen more than eight percent in response. That puts the stock above $29, its highest level since mid-1998.

4:32 PM Netflix Tops Earnings Expectations

In after-hours trading, Netflix (NASDAQ:NFLX) reported that it swung to a first-quarter profit on a 47-percent increase in subscriber revenue. For the quarter, NFLX stated that net income arrived $4.4 million, or seven cents per share, compared to a loss of 17 cents per share last year. Excluding expenses, earnings would have arrived at 10 cents per share, blowing away the Street's expectations for a profit of six cents per share. Revenue rose to a record $224 million, also besting the consensus forecast for $221.3 million in revenue. Looking ahead, NFLX expects revenue in the range of $238 million to $242 million, and net income of $9.5 million to $13.5 million.

In electronic trading, it seems that investors are loving the news, as NFLX was last seen up nearly six percent at $33.10. This positive reaction isn't necessarily all that surprising, given the heavily bearish sentiment heading into the report. Furthermore, NFLX had recently taken out peak call open interest for the front three months at the 30 level. With heavy pessimism, an award winning earnings performance, and a Schaeffer's Equity Scorecard rating of 9.0 out of 10, NFLX could have quite a nice day when the market opens tomorrow.

Just to toot my own horn a little, you can read what I had to say about NFLX heading into this earnings report by clicking here. For those of you that read the piece, I hope you got in on those calls I suggested.

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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.