Schaeffer's Daily Market Blog Features Boston Scientific, Medtronic, Elan, Goldman Sachs, and Applied Materials.CINCINNATI -- Among the stocks featured in the May 26 edition of Schaeffer's Market Blog are Boston Scientific The Boston Scientific Corporation (NYSE: BSX) (abbreviated BSC), is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional cardiology, peripheral interventions, (NYSE NYSE See: New York Stock Exchange :BSX BSX Bermuda Stock Exchange BSX Bandai Satellaview-X BSX Bicycle Super-X (Cross) ), Medtronic (NYSE:MDT MDT abbr. Mountain Daylight Time MDT (in the US and Canada) Mountain Daylight Time MDT n abbr (US) (= mountain daylight time) → ), Elan (NYSE:ELN Noun 1. ELN - a Marxist terrorist group formed in 1963 by Colombian intellectuals who were inspired by the Cuban Revolution; responsible for a campaign of mass kidnappings and resistance to the government's efforts to stop the drug trade; "ELN kidnappers target ), Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. (NYSE:GS), and Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar (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 :AMAT AMAT Applied Materials (stock symbol) AMAT Average Memory Access Time AMAT Automatic Message Accounting Transmitter AMAT Anti-Materiel (bomb or mine) AMAT Ageing Management Assessment Team ). 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 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, May 26, 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 . Posted 3:22 PM This Just In As the week winds to an end and all our minds turn toward the three-day weekend, I was watching my news alerts in hopes that the clock would seemingly skip ahead to 5:00. While that didn't happen, I did see that a federal court of appeals has decided to uphold decisions in two patent cases. The court ruled that Boston Scientific's (NYSE: BSX) Taxus Express, Express, and Nir stents do not infringe on four Medtronic (NYSE:MDT) patents. This decision affirms two 2005 rulings that MDT was appealing. BSX seems to be in a steady uptrend today, after finding support at the 20 level. What may be more important is that the shares have eclipsed their 10-day moving average thanks to a two-plus percent gain on the day. Posted 2:17 PM Options Trading on Elan Elan Corp. (NYSE:ELN) is seeing some excitement today, as it has rallied more than two percent to peg a fresh annual high. Around 1:00 p.m., the biotechnology firm announced the appointment of new board director William R. Rohn. Mr. Rohn is an experienced veteran in the industry who currently serves as Vice Chairman of Raven Biotechnologies Inc. He previously served as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Biogen Idec (BIIB BIIB Basic Imagery Interpretation Brief ) until January 2005. What's more, ELN has seen options players scoop up positions on its January 2007 22.50 (ELN AX) and 25.00 (ELN AE) calls. Nearly 13,000 contracts have changed hands on both of these out-of-the-money positions. Two large blocks traded on both of these options shortly before 2:00 p.m. Given the similarly in timing and block sizes, these were likely related as a spread. Posted 1:50 PM Is Goldman Golden? Call options volume on Goldman Sachs (NYSE:GS) is running at nearly three times its daily average with the stock up about 3.5 percent. Options players haven't been shy about betting on this stock recently, with the current Schaeffer put/call open interest ratio on the security of 0.64 below 92 percent of all readings taken during the past year. If the technical picture for GS continues to improve, then the shares might be OK. But for now, I'd view the high level of optimism as a sign of potential danger. Posted 1:01 PM Calls Active on Applied Materials Call option volume on Applied Materials (NASDAQ:AMAT) is 25 times that of respective put volume. Such a high level of optimism on the part of traders could be a warning sign. Look for the stock to find potential resistance near its 10-day moving average around the $17 level. 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 . |
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