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Schaeffer's Daily Market Blog Features FactSet Research Systems, Juniper Networks, Flextronics International, General Electric, and Oil Services HOLDRS Trust.


CINCINNATI -- Among the stocks featured in the June 20 edition of Schaeffer's Market Blog are FactSet Research Systems FactSet Research Systems (NYSE: FDS), or simply "FactSet", is a financial information company. Some of its competitors include Bloomberg L.P., Reuters, Thomson Financial, and Capital IQ.  (NYSE NYSE

See: New York Stock Exchange
:FDS FDS Fim-De-Semana (Portugese: weekend)
FDS Federated Department Stores, Inc.
FDS Fiche de Données de Sécurité (Material Safety Data Sheets)
FDS Famicom Disk System
FDS Faculty of Dental Surgery
), Juniper Networks (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
:JNPR JNPR Juniper Networks, Inc. (stock symbol) ), Flextronics International (NASDAQ:FLEX), General Electric (NYSE:GE), and Oil Services HOLDRS Trust (AMEX AMEX

See: American Stock Exchange
:OIH OIH Office of International Health
OIH Ohio Industries for the Handicapped, Inc.
). 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 Tuesday, June 20, 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 .

10:31 AM FactSet All Set

Top dog on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 this morning is FactSet Research Systems (NYSE:FDS), thanks to third-quarter results announced before the bell. As if to demonstrate that knowledge is power, the vendor of financial data revealed that earnings rose 7.6 percent, boosted by growth in subscriptions. Earnings came in at $21 million, or 41 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.
, up from $19.6 million, or 39 cents per share, in the year-earlier period. The Thomson First Call consensus estimate was 39 cents per share. FDS gapped higher this morning on strong volume to hit an all-time high. At last check, the stock was more than nine percent higher at $46.95.

11:52 AM Dow Could Make a 100-Point Gain Today

At last check, the Dow Jones Industrial Average Dow Jones Industrial Average

The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange.
 (DJIA DJIA

See Dow Jones Industrial Averager (DJIA).
) was up more than 77 points, or 0.71 percent, at 11,019.6, although it is now bumping its head against potential resistance from its declining 20-day moving average. Only five of the 30 components of the DJIA are failing to log gains so far today.

Prudent investors might like to keep volatility in mind, though. Remember that options plays such as a straddle In the stock and commodity markets, a strategy in options contracts consisting of an equal number of put options and call options on the same underlying share, index, or commodity future.  or strangle are particularly useful in a volatile market, because they bank on a strong move without regard to direction.

12:50 PM Juniper Networks Calls

Options in Juniper Networks (NASDAQ:JNPR) are trading briskly today. At last check, 13,008 of the July 14 calls (JUX GP) had changed hands. Since open interest was just 787 contracts before the day's trading began, there's likely to be a significant jump in open interest for this in-the-money contract. I noticed four blocks larger than 1,000 contacts. The first crossed the tape just before 9:55 a.m. Eastern time, but it's unclear whether the contracts were bought or sold. The remaining three blocks crossed at prices closer to the bid price than the ask price, suggesting they were most likely sold.

JNPR has declined for more than a year, and has not closed a week above its 20-week moving average since late November 2005. It is currently under pressure from its 10-week moving average, which has capped attempts at a recovery during the past month.

1:08 PM Flexibility at Lego

Three hundred workers in Connecticut and a further 900 in Denmark are to lose their jobs as privately held Lego moves production to Mexico and the Czech Republic. Yahoo! reports that Lego's headquarters in Billund, 160 miles west of Copenhagen, presently has a staff of 3,000.

If Lego is a private firm, why is this news of interest? Because production of the basic Lego bricks will be handled by Flextronics International (NASDAQ:FLEX), a Singapore-based electronics manufacturer, which is listed on the Nasdaq. FLEX operates factories in Mexico and in eastern Europe, and will take over Lego's factory in the Czech Republic from August 1.

From a technical perspective, FLEX broke above its declining 10-day moving average today, but it still faces a potential struggle at its 20-day trendline. At last check, the stock was up 3.85 percent at $10.51.

1:47 PM Calls Trading Actively on General Electric

General Electric (NYSE:GE) has been getting a surprising amount of call option activity for a stock that does as little as this one. Calls traded actively yesterday, outnumbering puts by a ratio of four-to-one, and they're trading actively again today at a ratio of five calls to every one put. Assuming this is buyer-initiated activity, the increase in optimism could spell trouble for GE shares given their weak performance.

3:33 PM Oil Services Sector Lags Again

The bulls are trying to push things higher into the close, with the Dow Jones Industrial Average (DJIA) now up 60 points and the 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.  up three points. Still, volume was very light yesterday and it's going to be light once again today. Looking at the lagging sectors, oil services is all over it, as the Oil Services HOLDRS Trust (AMEX:OIH) is down 1.70 percent. Interestingly, the Select Sector SPDR SPDR

The Standard and Poor's depositary receipt. This is a tracking stock which trades like an index mutual fund which follows the S&P 500. It trades continuously.


SPDR

See Standard amp; Poor's Depositary Receipt (SPDR).
 Energy Fund (XLE XLE Xerox Linguistic Environment
XLE Extra Limited Edition
) is actually at breakeven, while crude finished down four cents to $68.94 a barrel.

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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Publication:Business Wire
Geographic Code:1USA
Date:Jun 20, 2006
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