Schaeffer's Daily Market Blog Features: Apple Computer, Ford Motor, Toyota Motor, Nabors Industries, and Halliburton.CINCINNATI -- Among the stocks featured in the December 27 edition of Schaeffer's Market Blog are Apple Computer (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 :AAPL AAPL Apple Computer, Inc. (stock symbol) AAPL American Association of Professional Landmen AAPL American Academy of Psychiatry and the Law AAPL Advance Audiovisual Presentation Limited AAPL Advocates for Arkansas Public Libraries ), Ford Motor (NYSE NYSE See: New York Stock Exchange :F), Toyota Motor (NYSE:TM), Nabors Industries Nabors Industries Ltd. (NYSE: NBR) founded in 1968 as Anglo Energy, Ltd. (formerly AMEX: AEL), and currently based in Hamilton, Bermuda, is an S&P 500 oil, natural gas and geothermal drilling contractor operating on land throughout the Americas, the Middle East, (NYSE:NBR NBR Number NBR Nightly Business Report (PBS show) NBR National Business Review (New Zealand weekly business newspaper) NBR National Bureau of Asian Research NBR National Board of Review ), and Halliburton (NYSE:HAL Hal: see Halle, Belgium. hal In Sufism, a state of mind reached from time to time by mystics during their journey toward God. The ahwal (plural of hal) are God-given graces that appear when a soul is purified of its attachments to the material world. ). Schaeffer's Market Blog 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. 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. To have this report delivered to you free via email every day click on the following link and you'll also get an opportunity 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=PROB PROB Probable/Probably PROB Problem PROB People's Republic of Bangladesh 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/. 1:15 PM Midday Rundown The middle hour of the middle day of the week is seeing a bit of a pick-up from yesterday's slow trading. The Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance is up 78 points, or 0.58 percent, to stand at 12,480.5. The S&P 500 has added 7.25 points to hit 1,424.16, while the Nasdaq Composite The Nasdaq Composite is a stock market index of all of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. is up 15.5 points, standing at 2,428.9. In equity news, shares of Apple Computer (NASDAQ:AAPL) have dropped this morning following a report that federal prosecutors are examining stock option administration documents apparently falsified by company officials. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article published in The Wall Street Journal, Nabors Industries (NBR) is initiating a further review of its options granting practices in light of issues that have been raised concerning stock option practices dating back to 1998. Finally, in a story raising both eyebrows and stock prices, according to an article in the Dow Jones Newswire, Ford Motor's (NYSE:F) Alan Mulally For the English cricketer, see . Alan Roger Mulally (born August 4, 1945 in Oakland, California) is an American engineer and businessman. He is currently the President and Chief Executive Officer of Ford Motor Company. has made a trip to Japan and may be looking to rival Toyota Motor (NYSE:TM) in his search for answers for the ailing auto maker. 1:01 PM Halliburton Seeing Heavy Call Volume Staying with the oil service theme, Halliburton (NYSE:HAL) is seeing heavy call option volume today despite the fact that the stock has struggled recently. It seems that traders are hoping for a bounce in the shares, and have been buying calls at four times the rate that they've been buying puts today. The Schaeffer put/call open interest ratio on the security is already below 82 percent of readings taken during the past year. Optimism amid weak price action usually isn't a good sign for the near term of a stock. 12:35 PM Won't You Be My Nabors? Oil services company Nabors Industries (NYSE:NBR) finds itself in a bit of a predicament both fundamentally and technically at the moment. On the fundamental side, NBR said this morning that it is initiating a further review of its option granting practices in light of "issues raised" in an article published by The Wall Street Journal. The company said this review follows a pre-cautionary internal review earlier in 2006 of its stock option practices going back to 1998. On the technical side, the shares are in the process of rebounding from round-number support at the 30 level. This region has helped buoy NBR on a monthly basis since July 2005. However, the stock has met with short-term resistance in the 30.50-31 region. This area has troubled NBR for much of the past two months and is capping the security in today's trading. Sentiment is quite bearish toward the shares, with a Schaeffer's put/call open interest ratio (SOIR SOIR Schaeffer's Put/Call Open Interest Ratio SOIR Simultaneous Operations on Intersecting Runways ) of 0.60 in the 81st percentile and a short-to-float ratio of more than six percent. However, with the stock down more than 25 percent since its mid-May peak, and analysts doling out nine "buys," four "holds," and just one "sell," NBR stands on pretty shaky ground. 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 today's Market Blog: http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13C&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=PROB13M&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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