Schaeffer's Daily Market Blog Features CSX Corp., Johnson & Johnson, CBRL Group, Oracle, and QUALCOMM.

CINCINNATI -- Among the stocks featured in the January 25 edition of Schaeffer's Market Blog are CSX Corp. (NYSE:CSX), Johnson & Johnson (NYSE:JNJ), CBRL Group (NASDAQ:CBRL), Oracle (NASDAQ:ORCL), and QUALCOMM (NASDAQ:QCOM).

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=PROB12M&PAGE=1 .

Schaeffer's Market Blog for Wednesday, January 25, 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 .

9:58 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard

This blog includes tables with a list of those stocks achieving new annual highs or lows while sporting an "extreme" Schaeffer's Equity Scorecard rating. Finding their way onto the tables were CSX Corp. (NYSE:CSX) and Johnson & Johnson (NYSE:JNJ). If you would like a look at the entire tables, please visit our website.

12:54 PM CBRL Group Rises on Strategic Initiatives Announcement

Another notable announcement comes from CBRL Group (NASDAQ:CBRL). Most of you know the ubiquitous roadside Cracker Barrel Old Country Store restaurants. Well, CBRL is the operator of those restaurants. The stock is almost 18 percent higher after the company announced it was in the process of reviewing potential capital structure initiatives intended to enhance shareholder value. CBRL said it has been interviewing firms to serve as a financial advisor to assist management in the review process. It also noted that certain capital structure initiatives under consideration could affect its previously issued guidance. Accordingly, CBRL formally withdrew any existing financial guidance. No further guidance will be issued until after completion of the review of capital structure alternatives. In most cases the uncertainty created by the withdrawal of guidance causes a selloff in the stock. However, the idea that the company is looking for ways to boost the stock's price is enough to have buyers streaming in. A similar situation happened with Wendy's International back in July and the stock has been strong as a result.

1:37 PM Call Options Trading Actively on Oracle

Call option activity on Oracle (NASDAQ:ORCL) has been on the rise when compared with put option activity. In early October, there were only slightly more calls outstanding on ORCL than puts, which also coincided with a short-term low for the shares. Now, after watching the stock trade sideways for the past few months, there are nearly twice as many calls as there are puts outstanding. Today's option activity included call volume that was four times that of put volume, and today's activity includes call volume that is 10 times that of comparable put volume. The shares are up about 2.5 percent today to $12.51. Over-optimism, however, could lead to a pullback before long.

2:19 PM QUALCOMM Set to Report Earnings After the Close

QUALCOMM (NASDAQ:QCOM) is expected to report fiscal first-quarter earnings today after the closing bell. The consensus estimate is for earnings of 38 cents per share. Expectations are running high as options players are heavily tilted toward the call side. Near-the-money February call volume is running around 20,000 contracts while respective put volume is about half that. Also, the current Schaeffer put/call open interest ratio on QCOM of 0.51 is below 96 percent of readings over the past year. Rounding out the sentiment picture is low short interest and analyst opinion that includes 16 "buy" ratings, nine "hold" ratings, and not a single "sell" rating. If this company doesn't report strong numbers then I'd watch out for a serious sell off.

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 .

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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 .