Schaeffer's Daily Market Blog Features: Halliburton, American Eagle Outfitters, Wal-Mart Stores, Target, and The Children's Place.CINCINNATI -- Among the stocks featured in the October 5 edition of Schaeffer's Market Blog are Halliburton (NYSE NYSE See: New York Stock Exchange :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. ), American Eagle Outfitters (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 :AEOS AEOS American Eagle Outfitters Inc. (stock symbol) AEOS Advanced Electro-Optical System (3.67 meter adaptive optical telescope on Maui) AEOS Advanced Electro Optical Sensor ), Wal-Mart Stores (NYSE:WMT (Windows Media Technologies) See Windows Media. ), Target (NYSE:TGT TGT Target TGT Ticket Granting Ticket (Windows 2000 Kerberos security) TGT Target Corp (stock symbol) TGT Turbine Gas Temperature TGT TDRSS Ground Terminal TGT Tank Gunnery Trainer TGT Target Tracker ), and The Children's Place (NASDAQ:PLCE PLCE Personal Load Carrying Equipment (British Army) ). 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. 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/. 9:58 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard A daily feature of Schaeffer's Market Blog is a table of NYSE and NASDAQ concerns setting new highs or new lows and their Schaeffer's Equity Scorecard score. Two companies making the list today are Halliburton (NYSE:HAL) and American Eagle Outfitters (NASDAQ:AEOS). 10:18 WMT Releases Same-Store Sales Figures Wal-Mart Stores (NYSE:WMT) released its same-store sales results earlier this morning. The retailer blamed tough year-ago comparisons and weak apparel sales for its 1.3-percent increase in September same-store sales, which came in below the Street's estimates. The company noted that pharmacy sales were strong, as were sales for food and other consumables. While clothing sales came in below expectations in September, WMT is hopeful for a rebound during the holidays. The retailer's total September sales reached $31.21 billion, a rise of 11.8 percent. The same-store sales figure was not a great surprise, as the company lowered its forecast yesterday. For October, WMT sees same-store sales of two to four percent. 10:43 AM More Same-Store Sales Results There are more highlights to this morning's same-store sales reports. One of those is J.C. Penney (JCP See Java Community Process. JCP - Java Community Process ), which reported an increase of 8.7 percent. Analysts expected the retailer to post a same-store sales increase of 5.2 percent. The retailer attributed the better-than-expected results to gains in fine jewelry sales, children's, and men's. JCP also upped its third-quarter earnings forecast by four cents to $1.11 per share, which is two cents better than the consensus estimate. Target (NYSE:TGT) also posted better-than-expected same-store sales, as September sales increased 6.7 percent. The Street expected same-store sales of five percent. The company also upped its third-quarter earnings forecast, but did not tell by how much. The current estimate for TGT's earnings stands at 53 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. . The best performance came from companies focusing on teen and children's clothing. Children's Place (NASDAQ:PLCE) saw same-store sales soar 20 percent, topping the estimate for an increase of 14.6 percent. Guess (GES GES GTN (Global Transportation Network) Exercise System GES General Estimates System (NHTSA) GES Ghana Education Service GES Government Economic Service (UK) ) moved 11.3 percent higher, while the consensus looked for 4.3 percent. Finally, Abercrombie & Fitch (ANF ANF antinuclear factor; see antinuclear antibodies (ANA), under antibody. ANF abbr. antinuclear factor ANF atrial natriuretic factor. ) outpaced forecasts for a five percent increase by logging an increase of 10 percent. The teen retailer dropped its highest prices on denim and limited its inventory, which it gives as reasons for the stronger-than-expected sales. 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 . |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion