Schaeffer's Today's Market Features: KB Home, Dell, Washington Mutual, Agilent Technologies, and EarthLink.CINCINNATI -- Among the stocks featured in the November 13 edition of Schaeffer's Today's Market are KB Home (NYSE NYSE See: New York Stock Exchange :KBH KBH København (Danish: Copenhagen) KBH Katonai Biztonsági Hivatal (Military Security Office, Hungary; since 1989) KBH Kicked By Horse KBH Ka'anpali Beach Hotel (Maui, HI) ), Dell (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 :DELL), Washington Mutual (NYSE:WM), Agilent Technologies (NYSE:A), and EarthLink (NASDAQ:ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ). Schaeffer's Today's Market 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. Today's Market is written throughout every trading day by Schaeffer's financial analysts and traders. The entries are quick updates on the day's most notable market activity and news. To have our weekly column Monday Morning Outlook delivered to you free via email, click on the following link and you'll also get an opportunity to win an iPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PRMS A full featured ERP system for the AS/400 from SSA Global Technologies, Inc., Chicago IL (www.ssaglobal.com). PRMS dates back to 1980 when the PCR company released its Resource Management System (RMS) software. In 1987, Pansophic Systems acquired PCR and added the "P" to the "RMS. 13M&PAGE=1 Don't forget that many of our observations are available as audio presentations that you can hear on your computer or download from Apple's iTunes Music Store to play on a portable device such as an iPod. To see the full menu of podcasts, please visit http://www.schaeffersresearch.com/commentary/podcasts/. 10:36 AM Big Change at KB Home With an hour's worth of trading in the rearview mirror, the market averages are moderately higher. 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- 12,152.3) has spread its wings beyond the 12,100 mark and is currently up about 50 points. Topping the news today is KB Home (NYSE:KBH), which announced the exodus of its Chief Executive Officer, Bruce Karatz. The embattled exec agreed to vacate To annul, set aside, or render void; to surrender possession or occupancy. The term vacate has two common usages in the law. With respect to real property, to vacate the premises means to give up possession of the property and leave the area totally devoid of contents. his post after an internal investigation implicated im·pli·cate tr.v. im·pli·cat·ed, im·pli·cat·ing, im·pli·cates 1. To involve or connect intimately or incriminatingly: evidence that implicates others in the plot. 2. him in an options backdating scandal. The firm's Chief Operating Office Jeffrey Mezger will rise to assume the role. KBH shares are trading nearly three percent higher today. Meanwhile, in domestic news, President Bush is meeting with a bipartisan commission led by former Secretary of State James Baker to formulate and examine potential new strategies for the war in Iraq. A National Security Council spokesperson said Sunday that: "The President looks forward to sharing his thoughts with the Iraq Study Group The Iraq Study group (ISG), also known as the Baker-Hamilton Commission,[1] was a ten-person bipartisan panel appointed on March 15, 2006, by the United States Congress, that was charged with assessing the situation in Iraq and the US-led Iraq War and making ...he is open to any ideas and suggestions on the way forward." 11:57 AM Dell, Hewlett-Packard Rally on Positive Analyst Comments In news around the Street this morning, Washington Mutual (NYSE:WM) announced that it will pay $47 million to Comerica as part of a settlement agreement to resolve a lawsuit pending against Commercial Capital Bancorp. WM bought Commercial Capital on October 1. The firm reported that none of the claims that were the subject of the settlement were alleged against WM or involved any WM employees or practices. Elsewhere, Agilent Technologies (NYSE:A) reported that it has agreed to acquire Acqiris, a privately held provider of high-speed digitizers and analyzers used in commercial, industrial and government electronics. Financial terms of the deal were not disclosed. Meanwhile, Dell (NASDAQ:DELL) and Hewlett-Packard (HPQ HPQ Hewlett-Packard Corporation (NYSE) HPQ High Priority Queue ) are seeing a little action today. Both companies are slated to report earnings on November 16. Furthermore, Deutsche Bank analyst Chris Whitmore boosted his price targets on the two firms. Whitmore lifted his target on DELL to $28 per share from $25, saying that there is better visibility on the company's near-term results. For HPQ, Whitmore increased his price target to $40 per share from $34 on the grounds that the company could exceed earnings estimates by two cents to three 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. . At last check, DELL was up more than two percent while HPQ has hit a new annual high and is currently up 0.35 percent 1:05 PM New Convertible Bonds Announced As we head deeper into midday trading, the major market indices are in positive territory. The Dow Jones Industrial Average (DJIA DJIA See Dow Jones Industrial Averager (DJIA). - 12,135) is up 27 points while 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. - 1,384.3) has increased three points. The Nasdaq Composite (COMP - 2,400) has jumped 11 points. Meanwhile, December gold continues to retreat. At last check, the yellow metal was down $3.60 to $626.50 an ounce. December silver has slipped 23.5 cents lower at $12.88 an ounce. The metals have tripped lower as oil prices move lower and the U.S. dollar strengthens. In news around the Street, CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Corp. (CHINA) announced that it has agreed to sell $168 million of 3.75-percent senior exchangeable convertible notes due 2011 to 12 institutional investors in a private placement. The firm stated that, upon a qualifying initial public offering of either CDC Software or CDC Games, the notes would become exchangeable into that company's common shares. In the event neither CDC Software nor CDC Games completes a qualifying initial public offering within two years from the issue date of the notes, the notes would become convertible into CDC shares at an initial conversion price of $10.37 per share. Meanwhile, EarthLink (NASDAQ:ELNK) announced that it plans to offer $225 million of convertible senior notes due 2026. The firm said it will grant underwriters an overallotment option overallotment option See greenshoe. to purchase up to an additional $33.8 million of notes. ELNK expects to use a portion of the proceeds to fund convertible note hedge transactions. For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Click here to read all of the Today's Market entries: http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB PROB Probable/Probably PROB Problem PROB People's Republic of Bangladesh 13C&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 and get entered to win an IPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PRMS13M&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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