Schaeffer's Street Chatter Highlights the Following Stocks: Bradley Pharmaceuticals, Limited Brands, and Walt Disney.Business Editors CINCINNATI--(BUSINESS WIRE)--Feb. 26, 2004 Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Bradley Pharmaceuticals Bradley Pharmaceuticals is a pharmaceutical company headquartered in Fairfield Township, Essex County, New Jersey. The company was founded in 1985 by Daniel Glassman who is at the current time its CEO. The company markets to niche physician specialties in the U.S. (NYSE NYSE See: New York Stock Exchange :BDY BDY Body BDY Boundary ), Limited Brands (NYSE:LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability ), and Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney (NYSE:DIS). "Street Chatter" is a report that analyzes three newsworthy stocks that are generating a lot of attention on Internet message boards. "Street Chatter" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. 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/addinfo. Street Chatter: 1. Bradley Pharmaceuticals (NYSE:BDY) said earlier this morning that it earned 40 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 the fourth quarter on quarterly sales of $23.4 million. Both of these figures were significantly higher than year-ago results and were also well above Wall Street's expectations. Looking toward future earnings, BDY officials projected 2004 net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of 94 million, and earnings per share of $1.21. Technically speaking, BDY shares have been moving slightly higher since the beginning of February, and may be assisted by a recent bullish cross of their 10-day and 20-day moving averages. In today's session, BDY has advanced slightly but has failed to overcome longer-term resistance in the form of its 10-week trendline. Additional strength could be in the stock's future, as suggested by findings on Schaeffer's Sentiment PowerTools (http://www.schaeffersresearch.com/powertoolsobs). Schaeffer's put/call open interest ratio (SOIR SOIR Schaeffer's Put/Call Open Interest Ratio SOIR Simultaneous Operations on Intersecting Runways ) for BDY has been declining for the past two months after achieving an annual high in late December. The sentiment indicator Sentiment Indicator A general term used to describe indicators that gauge investor attitudes towards the market. Notes: Sentiment indicators are employed in technical analysis to quantify the levels of optimism or pessimism present in various markets. currently weighs in at 0.52, in the 63rd annual percentile. PowerTools reveals that, following the limited selection of examples of SOIR percentile ranks between 61 and 66, BDY has significantly outperformed its typical price action over the ensuing 20-day period. SOIR is, however, poised to adjust following today's option activity. Nearly 9,000 contracts have changed hands on the near-the-money March 25 call, which had previously been home to just over 4,000 open contracts. The March 20 put and the July 30 call are also enjoying notable activity in today's session. Click the following link to see the Daily Chart of BDY Since December 2003 With 10-Day and 20-Day Moving Averages: http://www.schaeffersresearch.com/wire?ID=9553. 2. Limited Brands (NYSE:LTD) is the parent company of a wide variety of popular apparel and accessory retailers, including Express, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & Co., Lane Bryant Lena Himmelstein Bryant Malsin (1879? - September 26, 1951) was an American clothing designer and retailer who founded the plus-size clothing chain Lane Bryant. Early Life & Career , Victoria's Secret For the Sonata Arctica single, see Victoria's Secret (song) Victoria's Secret is an American retailer of high quality lingerie and beauty products.[2] , and Bath & Body Works. Earlier today, LTD announced fourth-quarter earnings of 74 cents per share, matching analysts' estimates and topping last year's results by 12 percent. Same-store sales were up eight percent during the period. In other fundamental news, the company boosted its annual dividend payout by 20 percent to 48 cents per share. The first quarterly sum will be distributed on March 16 to shareholders of record by March 5. LTD has enjoyed a nice uptrend over the past year, nearly doubling in value since late-February's bottom. Sentiment analysis indicates that the speculative community has taken note of this advance by turning more optimistic toward the equity. First, SOIR for the stock has plunged lower since mid-December to its present reading of 0.13, which is lower than 81 percent of the past year's worth of readings. In today's options news, hefty activity is transpiring tran·spire v. tran·spired, tran·spir·ing, tran·spires v.tr. To give off (vapor containing waste products) through the pores of the skin or the stomata of plant tissue. v.intr. 1. on the LTD March 20 call and put, as well as on the April 20 put and the May 20 call. Next, the number of LTD shares sold short dropped by 23 percent during the last reporting period to 3.6 million, the lowest reading since late 2001. The accompanying 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. stands at an unimpressive 1.62 times the stock's average daily volume. Click the following link to see the Weekly Chart of LTD Since February 2003 With 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=9553. 3. Walt Disney (NYSE:DIS) is in the news today after last night's report that the California public employees' retirement system will not support Michael Eisner's bid for reappointment reappointment Hospital practice The renewal of medical staff membership and privileges of a practitioner whose previous service on the medical staff has met the staff's standard of Pt care. See Appointment. as the entertainment giant's Chairman and Chief Executive Officer. Earlier today, the New York State Common Retirement Fund (at $118 billion, it is one of the country's biggest pension funds) said it will also not support Eisner's future at DIS. The company's stock price is taking this news in stride, however, and has even managed to rise slightly in today's trading. Prior to Comcast's unanticipated buyout offer, DIS shares had been in an uptrending mode for almost a year. For the past two weeks, the stock has been digesting the hefty gains enjoyed following this surprise offer. On the options front, SOIR for DIS reached an annual high in early January and quickly plunged to an annual low of 0.35 on February 10. The sentiment indicator now stands at 0.47, in the 11th annual percentile. Click the following link to see the Weekly Chart of DIS Since February 2003 With 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=9553. The best way to take advantage of the timely Schaeffer commentaries is to sign up to receive their free e-newsletters -- Opening View, Midday Report, 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/addinfo. 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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