Schaeffer's Upon Further Review Highlights the Following Stocks: Adobe Systems, DaimlerChrysler, Micron Technology, and PepsiCo.CINCINNATI -- Today's "Upon Further Review" from Schaeffer's Investment Research focuses on Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. (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 :ADBE ADBE Adobe Systems, Inc. (stock symbol) ), DaimlerChrysler (NYSE NYSE See: New York Stock Exchange :DCX DCX DaimlerChrysler Ag (stock symbol) DCX Dixie Chicks (American country rock band) DCX Multipage PCX (file extension/format) DCX Double Convex DCX Double Charge Exchange ), Micron Technology Micron Technology ("Micron") NYSE: MU is a multinational company based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, and CMOS image sensing chips. (NYSE:MU), and PepsiCo (NYSE:PEP). "Upon Further Review" is a report that analyzes newsworthy news·wor·thy adj. news·wor·thi·er, news·wor·thi·est Of sufficient interest or importance to the public to warrant reporting in the media. news stocks that are generating a lot of attention on Wall Street. "Upon Further Review" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. 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 A flash-based digital music player from Apple, introduced in 2005. Like larger iPod models, the nano has a color screen. Although the nano name suggests ultra-small "nanotechnology," the iPod shuffle is actually smaller. See iPod. . http://www.schaeffersresearch.com/redirect.aspx?CODE=PROAW13M&PAGE=1. Upon Further Review: Adobe Systems: Thursday evening, Adobe Systems (NASDAQ:ADBE) reported third-quarter earnings that topped analysts' expectations. The company also said it will soon release new versions of its Creative Suite and Acrobat Document exchange software from Adobe that allows documents to be displayed and printed the same on every computer. The Acrobat system created the Portable Document Format (PDF), which is widely used in commercial printing and on the Web. See PDF. software. This morning, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. boosted its rating on the shares to a "buy." The stock has rallied more than 11 percent today on heavy volume, overtaking peak open interest in the October series at the 35 call strike. What the shares haven't yet surmounted sur·mount tr.v. sur·mount·ed, sur·mount·ing, sur·mounts 1. To overcome (an obstacle, for example); conquer. 2. To ascend to the top of; climb. 3. a. To place something above; top. is the 38 mark, which is significant from a technical perspective. This level marks defines the upper boundary of the stock's early-May bear gap, and has not been visited since its initial breach more than four months ago. Click the following link to see a Daily Chart of ADBE since April 2006: http://www.schaeffersresearch.com/wire?ID=17343 . DaimlerChrysler: DaimlerChrysler (NYSE:DCX) has retreated nearly seven percent today after lowering its profit forecast for 2006 to around $6.4 billion. Officials at the automaker are chalking up this disappointment to wider-than-expected losses at the Chrysler Group unit in the third-quarter period. Despite today's pullback, DCX shares are still holding above double-barreled, intermediate-term support. The equity is atop the 48 area, which previously served as resistance throughout 2004 and into early 2005, but has since reversed roles to act as support. What's more, the equity's 40-month moving average has advanced into this region, fortifying the bulwark of support. Click the following link to see a Monthly Chart of DCX Since February 2003 with 40-Month Moving Average: http://www.schaeffersresearch.com/wire?ID=17343 . Micron Technology: Micron Technology (NYSE:MU) shareholders got some good news today, as Toshiba said it will drop its lawsuit pending against the company. MU shares have been in rally mode since late July, gaining nearly 30 percent in less than six weeks. This month, MU has overcome technical resistance in the 17 area, which contained prior rally attempts in the shares in May and August. The 17 level is now also important from an options-related perspective. In the October series, which becomes our front month after tonight's close, the 17 put is the site of heaviest open interest, home to more than 22,000 open contracts. MU bulls could be banking on this structural support to keep the shares afloat during the short term. Click the following link to see the October Open-Interest Configuration for MU: http://www.schaeffersresearch.com/wire?ID=17343 . PepsiCo: The news at PepsiCo (NYSE:PEP) today is that the soft-drink giant has appointed a new Chief Executive Officer for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , a newly created position. John Compton
Sir John George Melvin Compton, KBE (April 29, 1925 – September 7, 2007) was the Prime Minister of Saint Lucia in 1979, from 1982 to 1996, and from 2006 until his will move over from PEP's Quaker/Tropicana/Gatorade unit to assume the post on October 1. PEP shares are modestly higher today and are trying to barrel through the 65 level. In the October options series, the 65 strike is the site of heaviest open interest, with about 12,000 out-of-the-money calls lying in wait. PEP has enjoyed a solid long-term uptrend since the first quarter of 2003, so the shares may have enough momentum at their back to carry them through this options-related challenge. Click the following link to see the October Open-Interest Configuration for PEP: http://www.schaeffersresearch.com/wire?ID=17343 . The best way to take advantage of the timely Schaeffer commentaries is to sign up to receive 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=PROAW13M&PAGE=1 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 . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion