Schaeffer's Daily Market Blog Features Crescent Real Estate Equities, Nasdaq Stock Market, Infosys Technologies, Apple Computer, and Intel.CINCINNATI -- Among the stocks featured in the October 11 edition of Schaeffer's Market Blog are Crescent Real Estate Equities (NYSE NYSE See: New York Stock Exchange : CEI CEI Competitive Enterprise Institute CEI Conferenza Episcopale Italiana (Italian bishop conference) CEI Central European Initiative CEI Comitato Elettrotecnico Italiano (Italian Electrotechnical Committee) ), Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (NASDAQ: NDAQ NDAQ National Database of Accredited Qualifications ), Infosys Technologies (NASDAQ: INFY INFY Infosys Technologies Ltd (stock symbol) ), Apple Computer (NASDAQ: AAPL AAPL Apple Computer, Inc. (stock symbol) AAPL American Association of Professional Landmen AAPL American Academy of Psychiatry and the Law AAPL Advance Audiovisual Presentation Limited AAPL Advocates for Arkansas Public Libraries ), and Intel (NASDAQ: INTC INTC Intel (NASDAQ symbol) INTC Intercept INTC Interrupt Controller ). 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 1M&PAGE=1 . Schaeffer's Market Blog for Tuesday, October 11, 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 . 9:43 AM NYSE and NASDAQ New High & Schaeffer's Equity Scorecard In Monday's trading, there were 16 stocks on the NYSE and 35 stocks on the NASDAQ that achieved new annual highs. Below is a table of stocks from both exchanges that have Schaeffer's Equity Scorecard readings of seven or higher. Stocks to watch include Crescent Real Estate Equities (NYSE: CEI), which has a scorecard reading of 10 out of 10. MoneyGram International (MGI MGI Mouse Genome Informatics MGI Modular Gateway Interface MGI McKinsey Global Institute MGI Military Geographic Information MGI Marine Geological Institute MGI Policy on the Management of Government Information (Canada) ) could also make a good bullish play, with a scorecard reading of 8.5 out of 10. And Nasdaq Stock Market (NASDAQ: NDAQ) is still in the top three, with a reading of 8.0 out of 10. 10:22 AM Infosys Technologies Tops Earnings, Guides Higher According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Yahoo!Finance, Infosys Technologies (NASDAQ: INFY) provides consulting and information technology services primarily in North America, Europe, and the Asia-Pacific region. The company's solutions include custom application development, maintenance and production support, software re-engineering, package evaluation and implementation, and information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. . This morning before the market open, INFY reported second-quarter earnings of 49 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. , three cents ahead of the Reuters consensus. INFY also guided earnings for the fourth quarter higher and now sees earnings of 53 cents per share versus the 50 cents consensus estimate. For fiscal 2006, the company sees earnings per share of $2.04 to $2.05 versus the $1.96 consensus estimate. This positive earnings event has pushed the shares above their short- and intermediate-term moving averages, a positive sign from a technical perspective. At last check, INFY was trading three percent higher to $75.08 today. 10:47 AM Apple Computer Set to Report Quarterly Earnings Tonight after the market close, Apple Computer (NASDAQ: AAPL) will release its fourth-quarter earnings report, with analysts calling for earnings of 37 cents per share. AAPL has been a strong performer in the earnings confessional, topping estimates in each of the past four quarters. In addition to its fundamental strength, the stock has been a stellar technical performer. Over the past year, shares of AAPL have tacked on better than 160 percent. Despite these encouraging factors, signs of skepticism remain in the stocks sentiment backdrop. Option players in particular are pessimistic. The current Schaeffer's put/call open interest ratio (SOIR SOIR Schaeffer's Put/Call Open Interest Ratio SOIR Simultaneous Operations on Intersecting Runways ) of 0.97 is higher than 96 percent of all readings taken over the past year. Its current Schaeffer's Equity Scorecard rating of 7.0 likely indicates further gains are in order for AAPL. 1:33 PM Optimism Toward Intel Continues Shares of Intel (NASDAQ: INTC) continue to be viewed favorably by investors even though the stock has consistently failed to perform. The stock is up a whopping nickel today, yet options players are buying calls as if the stock is going to explode to the upside. Call volume today is more than double put volume, which was also the case yesterday. In fact, the number of call options outstanding on INTC is 2.5 times the number of put options. All this on a stock that has dropped nearly 20 percent since the middle of July. I wouldn't expect great things out of INTC anytime soon. 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=PROB1M&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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