Schaeffer's Daily Market Blog Features Advanced Micro Devices, Red Hat, ATI Technologies, Electronic Arts, and Polo Ralph Lauren.CINCINNATI -- Among the stocks featured in the December 21 edition of Schaeffer's Market Blog are Advanced Micro Devices (NYSE NYSE See: New York Stock Exchange :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. ), Red Hat (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 :RHAT RHAT Red Hat (stock symbol) RHAT Rainwater Harvesting Association of Tanzania RHAT Register Hba Attributes ), ATI Technologies “ATI” redirects here. For other uses, see Ati. ATI Technologies U.L.C. ATI is a major Canadian designer and supplier of graphics processing units, motherboard chipsets, and video display cards. (NASDAQ:ATYT ATYT ATI Technologies, Inc (stock symbol) ), Electronic Arts (NASDAQ:ERTS ERTS Electronic Arts, Inc. (stock symbol) ERTS Earth Resources Technology Satellite (US NASA) ERTS Embedded Real Time Systems ERTS Enhanced Remote Transit Shed ), and Polo Ralph Lauren Polo Ralph Lauren (NYSE: RL) is American fashion designer Ralph Lauren's luxury lifestyle company. Polo Ralph Lauren specializes in high-end casual/semi-formal wear for men and women, as well as accessories, fragrance, and housewares. (NYSE:RL). Schaeffer's Market Blog is just one of the many free market commentaries written everyday at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day 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 Wednesday, December 21, 2005: 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 . 10:11 AM NYSE & NASDAQ New High/New Low New high/new low A stock valued at its highest or lowest price in the last year. With Equity Scorecard For the fourth consecutive session, 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. ) lost ground. The recent lackluster performance has really impacted the number of new highs and lows. The number of new annual highs (100) were dwarfed by the number of new annual lows (216) by more than a 2-to-1 margin. This has been a rare ratio given the bull the run in the broader market since mid October. Below are the tables with those stocks that achieved new annual highs or lows while sporting an "extreme" Schaeffer's Equity Scorecard rating. Two of the stocks that made our list today are Advanced Micro Devices (NYSE:AMD) and Red Hat (NASDAQ:RHAT). 11:03 AM ATI Technologies Tops Earnings Estimates, Guides Revenues Higher This morning before the market open, ATI Technologies (NASDAQ:ATYT) reported first-quarter earnings of 10 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. , topping analyst estimates by six cents. Company revenues declined 3.7-percent year-over-year to $591 million, ahead of the consensus estimate of $548.7 million. ATYT also raised its revenue outlook for the second quarter and sees revenues of $638-662 million, versus the consensus estimate of $553.8 million. Although the stock initially gapped higher on this positive earnings result, it has since lost ground. At last check, ATYT was trading six cents lower to $16.43 today. 11:34 AM Electronic Arts Bounces Back After Lowering Guidance Last night after the market close, Electronic Arts (NASDAQ:ERTS) lowered its outlook for the third quarter, the fourth quarter, and 2006. The company said it sees both revenue and earnings per share coming in below the guidance it provided on November 1, as well as the current outlook from analysts. ERTS said this lowered outlook is the result of declining markets both domestically and abroad, as well as lower-than-expected holiday sales. Although the stock traded down as much as three percent in late trading Late trading Late trading of mutual fund shares occurs when investors placing trades after 4 PM receive the 4 PM price. These late traders can use the information revealed after 4 PM to guide their trades: buying funds when their current value is greater than their 4 PM value and yesterday evening, ERTS has made a comeback in today's trading session. At last check, the stock was trading six cents higher to $53.18. 2:50 PM Cramer Likes Polo Ralph Lauren You can say what you want about Jim Cramer, personally, I like his show Mad Money, as I find it entertaining and interesting - but not everyone shares my view. Bottom line is the guy can really move a stock when he talks about it on his show. Take for example retailer Polo Ralph Lauren (NYSE:RL), which he was bullish on last night. I currently have an open long position in our Hot Stocks program and today the shares gapped higher and are currently up over four-percent to just under an all-time high. With no news on the wires, I was wondering why in the world the shares where moving like that, well after a little more research I found out he mentioned RL on his show. Ah, the power of the media. The above are just a few of today's Daily Market Blog entries. Click here to read all of today's Daily 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 . |
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