Schaeffer's Daily Market Blog Features AnnTaylor Stores, Advanced Micro Devices, Rackable Systems, Honeywell International, and Merck.CINCINNATI -- Among the stocks featured in the February 3 edition of Schaeffer's Market Blog are AnnTaylor Stores (NYSE NYSE See: New York Stock Exchange :ANN), 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. ), Rackable Systems (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 :RACK), Honeywell International (NYSE:HON), and Merck (NYSE:MRK MRK Merck & Company (stock symbol) MRK Mayer-Rokitansky-Kuster (anomaly) MRK Manual Remote Keying ). 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 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 Friday, February 3, 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 . 10:10 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard One feature of our Daily Market blog is a set of tables looking at stocks that have achieved new annual highs or lows while posting an "extreme" Schaeffer's Equity Scorecard rating. Among the stocks making the lists today are AnnTaylor Stores (NYSE:ANN) and Advanced Micro Devices (NYSE:AMD). To see both of the lists, please visit our website. 11:19 AM RACK on a Roll Rackable Systems (NASDAQ:RACK) provides rack-mounted computer servers designed for large-scale data center deployments. The company announced fourth-quarter earnings yesterday after the market close of 33 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. , excluding non-recurring items, nine cents better than the consensus Wall Street estimate. Its revenue rose 261.8 percent year-over-year to $83.1 million versus the $70.6 million consensus. All that good news has the stock up more than 17 percent. It's currently trading at 36.49. It made a new all-time high of 38.46 earlier. The stock has been public since June 2005. Short interest has risen to 947,000 shares, six percent of the stock's float. 1:37 PM A Glance at Two Dow Components While the Dow is hovering hov·er intr.v. hov·ered, hov·er·ing, hov·ers 1. To remain floating, suspended, or fluttering in the air: gulls hovering over the waves. 2. near breakeven breakeven 1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations , two of its components have had themselves a good morning. Let's look first at Honeywell International (NYSE:HON). Citigroup upped the company to "buy" from "hold" this morning, thanks to improving trends for revenue, margins, cash flow, and return on invested capital. The brokerage also upped its stock price target to $46 from $40, while lifting its earnings estimates. Recently, this Dow component's 10-day moving average completed a bullish crossover Crossover The point on a stock chart when a security and an indicator intersect. Crossovers are used by technical analysts to aid in forecasting the future movements in the price of a stock. In most technical analysis models, a crossover is a signal to either buy or sell. of its 20-day counterpart, and the ensuing en·sue intr.v. en·sued, en·su·ing, en·sues 1. To follow as a consequence or result. See Synonyms at follow. 2. To take place subsequently. strength carried it through the 39 level. What should temper a bit of the bullish enthusiasm is the fact that the shares are continuing to fight against resistance at the 40 level. The shares have not finished a month above this level since May 2001. The other component on tap is Merck (NYSE:MRK). The pharmaceutical firm has jumped more than 1.5 percent this afternoon following an Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. report that the second and third federal trials related to its Vioxx drugs have been postponed roughly two months. Recently, the shares have made a couple of runs at breaking through the 35 level only to be turned away. Will it be different this time? Possibly, it appears that MRK's 10-month moving average is on an upswing Upswing An upward turn in a security's price after a period of falling prices. and is poised to make a run at a bullish cross of its 20-month counterpart. If this happens, the resistance at 35 may just fall. 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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