Schaeffer's Daily Market Blog Features Research In Motion, IBM, Genentech, California Pizza Kitchen, and NETGEAR.CINCINNATI -- Among the stocks featured in the July 13 edition of Schaeffer's Market Blog are Research In Motion (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 :RIMM (Rambus Inline Memory Module) See RDRAM. See also RIM. ), IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE NYSE See: New York Stock Exchange :IBM), Genentech (NYSE:DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. ), California Pizza Kitchen California Pizza Kitchen (NASDAQ: CPKI, known within the food industry as CPK) is a casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, (NASDAQ:CPKI CPKI California Pizza Kitchen, Inc ), and NETGEAR (NASDAQ:NTGR). 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 Wednesday, July 13, 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 Vacation in Motion Here's one for the folks who like to keep a Nextel in their isolation tank. Digicel Group and Research In Motion (NASDAQ:RIMM) announced plans yesterday to expand coverage of the BlackBerry handheld messaging unit to Aruba, Barbados, Cayman Islands Cayman Islands (kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three islands in the West Indies. , Curacao, Grenada, Jamaica, St Vincent and the Grenadines Grenadines: see Grenada; Saint Vincent and the Grenadines; Windward Islands. and St Lucia on Digicel's GSM/GPRS network. 10:45 AM IBM Higher on Brokerage Upgrade IBM (NYSE:IBM) is trading nearly two percent higher in early trading after brokerage Sanford Bernstein upped its rating to "outperform" from "market perform." Sanford's analyst said the stock is compellingly valued and that IBM's services unit should show signs of improvement. This unit was the primary reason for IBM's first-quarter earnings disappointment. The analyst also raised his price target to $95 from $92. IBM fell sharply in mid-April on the poor earnings news. In 2005 the stock has underperformed the major market indices, losing 17.3 percent. However, IBM has tacked on more than seven points in the last six market sessions. 10:53 AM Genentech Keeps Rumbling Higher Despite a lackluster market opening, biotechnology issue Genentech (NYSE:DNA) continues its winning ways. The shares were trading 1.63 percent higher at last check, with the stock hitting a new all-time high. The stock is having a second consecutive day of buying following a solid earnings announcements and outlook yesterday morning. On the options front, the July 85 call and the August 85 call have seen 10,000 and 6,000 contracts transact, respectively. 11:40 AM California Pizza Kitchen Forecasts Better-Than-Expected Results Last night after the market close, California Pizza Kitchen (NASDAQ:CPKI) announced it now sees second-quarter earnings of 32 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. , ahead of its previous guidance of 26-28 cents per share. The Reuters consensus estimate for second-quarter earnings was 28 cents per share. CPKI also stated its comparable same-store sales were up 8.6 percent year-over-year. In addition to the stock's fundamental strength, its technical performance has been impressive. With today's gains, CPKI shares are up nearly 40 percent year-to-date. The stock is currently trading above all major moving averages, a positive sign from a technical perspective. A check on sentiment indicators Sentiment indicators The general feeling of investors about the state of the market, such as whether they are bullish or bearish. reveals signs of modest skepticism despite strong price action. Financial analysts shun the shares and short sellers have made big bets against the stock. In light of these factors, CPKI looks poised to continue its out-performance. At last check, the stock was trading $4.35 higher to $32.08. 12:43 PM NETGEAR Roars to an All-Time High Networking equipment maker NETGEAR (NASDAQ:NTGR) is moving higher one day after reaching a new all-time high. The stock nudged to 21.00 yesterday, two cents above its prior high made in September 2003. Today it's up nearly four percent to 21.47. In fact, the stock is up more than 15 percent this month alone. One catalyst may be the company's second-quarter earnings announcement due on July 28 after the markets close. Short covering may also be boosting the stock. Short interest remains sky high at more than 21 percent of the stock's float. Its short-interest ratio short-interest ratio A ratio that is used for market analysis and is calculated by dividing short interest by average daily volume. Technicians use the short-interest ratio as a tool to determine market direction. is a hefty 6.7 days to cover. 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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