Schaeffer's Daily Market Blog Features: HCA Inc., Altera, eBay, Advanced Micro Devices, and Intel.CINCINNATI -- Among the stocks featured in the July 24 edition of Schaeffer's Market Blog are HCA HCA, n.pr See acid, hydroxycitric. Inc. (NYSE NYSE See: New York Stock Exchange :HCA), Altera (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 :ALTR), eBay (NASDAQ:EBAY), Advanced Micro Devices (NYSE:AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ), and Intel (NASDAQ:INTC INTC Intel (NASDAQ symbol) INTC Intercept INTC Interrupt Controller ). 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. 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 Monday, July 24, 2006: 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 . 11:14 AM Free Financial Podcasts 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 observations, please visit http://www.schaeffersresearch.com/commentary/podcasts/. 10:00 AM HCA Inc. Confirms $33-Billion Acquisition Offer Kicking off the week with some acquisition excitement, hospital operator HCA Inc. (NYSE:HCA) said it will be acquired by a group of investors for $33 billion, which includes $11.7 billion of assumed debt. HCA shareholders will receive $51 in cash for every HCA share owned, representing a 6.5-percent premium over Friday's closing level. The acquiring group includes Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. Global Private Equity, Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. , Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. , and HCA founder Thomas Frist Jr. HCA's current Chairman and Chief Executive noted that the deal is "in the best interests of (HCA) shareholders," and said the company is "very pleased to have an experienced group of investors who are committed to maintaining (HCA's) culture..." In other news, HCA reported second-quarter earnings this morning of $295 million, or 72 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. , down from year-ago results of 90 cents per share. Revenue rose to $6.36 billion during the reporting period, while same-facility revenue rose six percent. Analysts were expecting per-share results of 77 cents on revenue of $6.36 billion. The shares are currently trading 3.6 percent higher in early activity. 10:34 AM NYSE & NASDAQ New Highs/New Lows with Schaeffer's Equity Scorecard Each day we look at stocks that have achieved new annual highs or lows while sporting an "extreme" Schaeffer's Equity Scorecard rating (close to zero or close to 10). Today we have 42 picks in our list. Three of the bearish picks are Altera (NASDAQ:ALTR), eBay (NASDAQ:EBAY), and Hovnanian Enterprises (HOV). All three stocks earn a rating of 2.0 on our scale, indicating that the path of least resistance Noun 1. path of least resistance - the easiest way; "In marrying him she simply took the path of least resistance" line of least resistance fashion - characteristic or habitual practice progresses to the south side. 10:40 AM Advanced Micro Devices (AMD) to Buy ATI Technologies (ATYT ATYT ATI Technologies, Inc (stock symbol) ) In other high-profile merger news, Advanced Micro Devices (NYSE:AMD) announced plans to acquire ATI Technologies (ATYT) for $5.4 billion. The financial breakdown of the deal includes $4.2 billion in cash and 57 million shares and values ATYT at a 24-percent premium over Friday's close, at $20.47 per share. ATYT manufactures graphics processors and chipsets that support microprocessors. The company's products are used in a variety of products including computers, digital televisions, video-game consoles, and cellular phones. The deal launches a new salvo in the competitive war between AMD and its chief rival, Pentium parent Intel (NASDAQ:INTC) . An analyst with RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
AMD officials said the acquisition will "slightly" lift 2007 earnings and will "meaningfully" boost earnings in the 2008 fiscal year. In midday trading, ATYT has rallied 17 percent to peg a new 52-week high. Conversely, AMD is down nearly six percent, achieving a new 52-week low in the process. INTC shares are modestly higher. 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=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 . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion