Schaeffer's Daily Market Blog Features Google, Starbucks, Wendy's International, United States Steel, and AK Steel.

CINCINNATI -- Among the stocks featured in the March 3 edition of Schaeffer's Market Blog are Google (NASDAQ:GOOG), Starbucks (NASDAQ:SBUX), Wendy's International (NYSE:WEN), United States Steel (NYSE:X), and AK Steel (NYSE:AKS). 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 Friday, March 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 .

9:51 AM Schaeffer's Radio

Good morning. Just a reminder that some of our material is available in audio form at http://www.schaeffersresearch.com/commentary/podcasts/. This morning's Opening View podcast included Google (NASDAQ:GOOG) and Starbucks (NASDAQ:SBUX), plus news on Treasurys, bonds, currencies, gold and other metals, crude oil and other energy-related commodities, economic news, and CBOE statistics.

12:15 PM Wendy's International Up on More Good News

Superstar hamburger chain Wendy's International (NYSE:WEN) is having another great day. Today the stock is over three percent higher on news of the company's exploration of options for its Baja Fresh Mexican Grill unit and the addition of three members to its board. It also said it would complete the initial public offering of its Tim Horton's doughnut chain and spin off its remaining shares before the end of the year. Previously, WEN had said it wouldn't entirely split off the brand this year to avoid tax costs. The stock has been a strong performer, gaining more than 26 percent in the last four months. This advance has been supported well by its 50-day moving average. WEN is trading at an all-time high above 60 as shareholder activists press the company to unlock the value in its non-hamburger businesses.

3:44 PM Intel Doesn't Ruin the Day

Looks like we're seeing some profit taking going into the close, as the Nasdaq Composite (COMP) and the S&P 500 Index (SPX) are both negative - while the Dow Jones Industrial Average (DJAI) is up 19 points. Regardless, given how much futures were down this morning after Intel (INTC) lowered guidance, I think most observers would have to be very happy with today's action. Speaking of INTC, the shares are down a little more than one percent. Honestly, that isn't too bad. I think everyone got all "bear-ed up" on the news, then reality hit that INTC isn't the leader it was once, and with that came some buyers. All in all, this was a wild week. It was very tough trading, as we simply couldn't get even a two-day trend going. Here's to easier trading next week and hopefully some profitable trades as well.

2:59 PM More Gains for Steel Stocks

As I've mentioned in this blog a few times over the past month, steel is one sector that I think is going to be strong over the coming months. Fortunately I've been right, as the SIG Steel Producers Index (STQ) is up more than three percent to another new all-time high. Sparking the rally in steel stocks today is a rumor that United States Steel (NYSE:X) might be looking to buy AK Steel (NYSE:AKS). The news has AKS up more than 20 percent. Some other names to look at regarding steel are Oregon Steel Mills (OS), Nucor (NUE), and Steel Dynamics (STLD). Also if you're looking for a way to trade the bull market in steel and other metals, I'd invite you to check out Schaeffer's new Gold and Metals Prospector service. All I'll say is we had some calls on AKS in that service and today has been a very nice day for our subscribers. If you're interested, please check it out at http://www.schaeffersresearch.com .

1:53 PM Markets Looking Strong

Equity markets have staged an impressive comeback throughout the session. Futures spiked lower before the open, following lowered revenue guidance out of Intel (INTC). The upward move has been persistent, as traders seem unwilling to give up the 11,000 mark on the Dow. Nevertheless, the market internals seem rather weak given the Dow is up over 70 points and the Nasdaq is up more than 12. The advance/decline line is running around 1.30 on both the NYSE and the Nasdaq. Given such a strong move higher, we'd expect something closer to 2.00. Just something to keep in mind.

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 .