Schaeffer's Daily Market Blog Features Harley-Davidson, Fastenal, QUALCOMM, ICOS Corp., and Eli Lilly.CINCINNATI -- Among the stocks featured in the October 12 edition of Schaeffer's Market Blog are Harley-Davidson (NYSE NYSE See: New York Stock Exchange :HDI HDI Human Development Index (UNDP yardstick of human welfare) HDI Help Desk Institute HDI Humpty Dumpty Institute (New York, New York) HDI High Density Interconnect ), Fastenal (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 :FAST), QUALCOMM (NASDAQ:QCOM QCOM Qualcomm, Inc. (stock symbol) ) ICOS Corp. (NASDAQ:ICOS), and Eli Lilly Eli Lilly can refer to:
PROB Problem PROB People's Republic of Bangladesh 1M&PAGE=1 . Schaeffer's Market Blog for Wednesday, October 12, 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 . 11:03 AM Harley-Davidson Tops Earnings Expectations This morning before the market open, Harley-Davidson (NYSE:HDI) reported third-quarter earnings of 96 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. , six cents ahead of the consensus estimate. Company revenues rose 10 percent on a year-over-year basis to $1.43 billion, in line with expectations. HDI reaffirmed earnings guidance for fiscal year 2005 and also issued a "conservative" outlook for fiscal year 2006 earnings, due to uncertainty surrounding consumer confidence. Although the stock gapped nearly seven percent higher on the open, HDI has pulled back from its intraday Intraday Another way of saying "within the day." Notes: This term is often used for the new highs and lows of a security. For example, "a new intraday high" means a security reached a new all-time high throughout the trading day, but then fell by closing. high and was trading up 58 cents to $46.18 at last check. 11:14 AM Fastenal Tops Earnings, Announces Stock Split 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, Fastenal (NASDAQ:FAST) engages in the wholesale and retail distribution of industrial and construction supplies. The company's product offerings include fasteners fasteners In construction, connectors between structural members. Bolted connections are used when it is necessary to fasten two elements tightly together, especially to resist shear and bending, as in column and beam connections. , and other industrial and construction supplies. This morning before the market open, FAST reported third-quarter earnings of 61 cents per share, four cents ahead of the Street estimate. Company revenues increased 23.5 percent on a year-over-year basis to $402.2 million, versus the consensus estimate of $394 million. FAST also announced a two-for-one stock split this morning. This positive news has propelled the shares better than seven percent higher to $65.88. 2:01 PM QUALCOMM Moves Lower Amid Optimism QUALCOMM (NASDAQ:QCOM) continues to be under pressure today, yet options players are still piling into call options on the security. Today's call volume on QCOM is in excess of 20,000 contracts, which is about four times the stock's average call volume. The Schaeffer put/call open interest ratio on the security of 0.56 is already lower than 84 percent of readings taken during the past year. Given that QCOM shares have been showing weakness amid this display of optimism, I'd expect further weakness for the shares over the near term. 2:54 PM ICOS Up on Positive Drug Trial Pharmaceutical concern ICOS Corp. (NASDAQ:ICOS) is higher today on the news that Lilly ICOS (a joint venture with Eli Lilly (NYSE:LLY)) announced positive results from Phase II study of Tadalafil in treating symptoms of benign prostatic hyperplasia benign prostatic hyperplasia n. Abbr. BPH A nonmalignant enlargement of the prostate gland commonly occurring in men after the age of 50, and sometimes leading to compression of the urethra and obstruction of the flow of urine. . The stock opened more than 12 percent higher and then dipped during the first 40 minutes of trading. It has now recovered, and is up more than seven percent to $27.21. While the stock is still slightly below its level at the start of the year, it has enjoyed a nice rally during the past four months. ICOS is up 30.7 percent from its June 10 close of $20.82. Pessimism in the form of short interest is rather high. The more than 6.8 million shares sold short amount to almost 11 percent of the stock's float. Also, at an average daily stock volume of 654,000, ICOS's short-interest ratio short-interest ratio A ratio that is used for market analysis and is calculated by dividing short interest by average daily volume. Technicians use the short-interest ratio as a tool to determine market direction. is a hefty 10.4 days. Analysts are somewhat pessimistic, too. Seven of 11 analysts have a "hold" or worse rating on the stock. 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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