Schaeffer's Daily Market Blog Features Telefonos de Mexico, Georgia-Pacific, Bed Bath & Beyond, Red Hat, and Dana Corp.CINCINNATI -- Among the stocks featured in the December 22 edition of Schaeffer's Market Blog are Telefonos de Mexico (NYSE NYSE See: New York Stock Exchange :TMX TMX Translation Memory eXchange TMX Trimix (mixture of oxygen, helium and nitrogen used by divers) TMX Tandem Mirror Experiment TMx Time Management System TMX Transparent Matrix (switch; Hekimian) ), Georgia-Pacific (NYSE:GP), Bed Bath & Beyond (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 :BBBY), Red Hat (NASDAQ:RHAT RHAT Red Hat (stock symbol) RHAT Rainwater Harvesting Association of Tanzania RHAT Register Hba Attributes ), and Dana Corp. (NYSE:DCN DCN Document Control Number DCN DLA (Defense Logistics Agency) Corporate Network DCN Disconnect DCN Direction des Constructions Navales (France) DCN Declaration Control Number DCN Data Communication Network ). 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 12M&PAGE=1 . Schaeffer's Market Blog for Thursday, December 22, 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 . 10:00 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard The equity market was able to snap a four-day losing streak in Wednesday's trading, as 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. ) gained 0.25%. This enabled the SPX 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. its 20-day moving average for the time being. Due to the bullish session, the number of new annual highs outpaced the number of new annual lows 163 to 139, respectively. Below are the tables with those stocks that achieved new annual highs or lows while sporting an "extreme" Schaeffer's Equity Scorecard rating. Two of the stocks that made our list today are Telefonos de Mexico (NYSE:TMX) and Georgia-Pacific (NYSE:GP). 10:09 AM Bed Bath & Beyond Lower on In-Line Earnings Report Last night after the market close, Bed Bath & Beyond (NASDAQ:BBBY) reported third-quarter earnings of 45 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. , in line with analyst expectations. Company revenues increased 11 percent year-over-year to $1.45 billion, slightly lighter than the consensus estimate of $1.47 billion. This earnings report is only the second time in eight quarters that BBBY failed to muster a positive earnings surprise. BBBY has been hit sharply on the in-line earnings report. At last check, shares of BBBY were trading nearly 12 percent lower to $36.35. A check on its weekly price chart reveals that the stock is now trading near an area of support around the 36.50 level. Market players should keep a close watch on the security to see if it is able to hold support at this level. 11:55 AM Red Hat Tops Earnings Estimates Last night after the market close, Red Hat (NASDAQ:RHAT) reported third-quarter earnings of 12 cents per share, three cents ahead of analyst estimates. Company gross margins also came in slightly ahead of Wall Street's expectations, as RHAT reported gross margins of 84 percent versus the consensus estimate of 83.5 percent. Puts traded actively on RHAT ahead of its quarterly earnings report. Yesterday's put volume was 3.8 times heavier than average, as more than 6,900 contracts crossed the tape. The most actively traded put was the January 25.00 strike (RCV RCV Receive RCV Ranked Choice Voting RCV Replacement Cost Value RCV Refuse Collection Vehicle RCV Revolve RCV Roll Call Vote RCV Red Cell Volume RCV Reference Change Value RCV Remotely Controlled Vehicle RCV Robotic Combat Vehicle RCV Recent Change and Verify ME). Better than 3,700 RCV ME contracts changed hands yesterday. These bearish Bearish Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value. bearish market players, however, are not profiting today. At last check, RHAT was trading four percent higher to $27.62 on the positive earnings surprise. 12:21 PM Debt Problems for Auto Supplier If things couldn't get worse for the auto industry Thursday, Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. lowered the corporate family and senior unsecured ratings of automobile supplier Dana Corp. (NYSE:DCN) To B1 from Ba2 and took Dana Credit Corp.'s senior unsecured ratings to B1 from Ba2. Moody's attributed the downgrade to continued challenges for the auto industry going into 2006 and the real possibility of lowering future earnings guidance. Going into 2006, the auto industry and its suppliers will continue to see pressure from higher material and labor costs. 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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