Schaeffer's Daily Market Blog Features Norfolk Southern, Itron, Research in Motion Limited, AutoNation, and H.J. Heinz.CINCINNATI -- Among the stocks featured in the January 23 edition of Schaeffer's Market Blog are Norfolk Southern (NYSE NYSE See: New York Stock Exchange :NSC NSC abbr. National Security Council Noun 1. NSC - a committee in the executive branch of government that advises the president on foreign and military and national security; supervises the Central Intelligence Agency ), Itron (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 :ITRI ITRI Industrial Technology Research Institute (Taiwan, ROC) ITRI Information Technology Research Institute ITRI Inhalation Toxicology Research Institute ITRI International Tin Research Institute Ltd ITRI Information Technology Reuse Initiative ), Research in Motion Limited (NASDAQ:RIMM (Rambus Inline Memory Module) See RDRAM. See also RIM. ), AutoNation (NYSE:AN), and H.J. Heinz (NYSE:HNZ HNZ HJ Heinz Co (stock symbol) ). 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 12M&PAGE=1 . Schaeffer's Market Blog for Monday, January 23, 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 . 2:16 PM Norfolk Southern May See Pullback Norfolk Southern (NYSE:NSC) could run into some options-related resistance near the 45 level, as call options at that strike are becoming quite popular. Before today's activity, there were already more than 3,500 call options outstanding at the February 35 contract. Call activity on the stock today is more than nine times the average call volume for the security. The shares are slightly above $45 currently, but unless they can hold above that level for the next couple of days, I wouldn't be surprised to see a pullback. 12:38 PM Itron Soars on Record New Orders 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. Hoover's, Itron (NASDAQ:ITRI) is a global supplier of wireless data acquisition and communication products for electric, gas, and water utilities. ITRI makes radio- and telephone-based automatic meter reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. (AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ) systems, handheld meter reading computers, and meter data acquisition and analysis software. The stock is one of the biggest gainers on the Nasdaq Composite today after it said it set a new record for total orders received in a single year. The 2005 total of $655 million in new-order bookings surpasses the previous record of $358 million set last year in 2004. ITRI is up almost 11 percent to 44.70. 10:49 AM Legal Ruling Goes Against Research in Motion Limited In the news this morning, the U.S. Supreme Court has declined to hear Research in Motion Limited's (NASDAQ:RIMM) Blackberry patent dispute with NTP (Network Time Protocol) A TCP/IP protocol used to synchronize the real time clock in computers, network devices and other electronic equipment that is time sensitive. It is also used to maintain the correct time in NTP-based wall and desk clocks. , Inc. The ruling leaves the outcome of the intense battle over technology to lower courts. RIMM's battle with NTP is based primarily over technology that allows users to transmit e-mail wirelessly to RIMM's handheld Blackberry devices. This is the last in a series of legal setbacks for RIMM. The stock dipped on the news, going from positive territory to being down almost three percent. RIMM is trading at 64.84. 10:03 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard Listed on our website are the tables with those stocks that achieved new annual highs or lows, while sporting an "extreme" Schaeffer's Equity Scorecard rating, including readings for AutoNation (NYSE:AN) and H.J. Heinz (NYSE:HNZ). For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard. Also, for more information on what makes up these scores, or if you want more filters and screens, take a 30-day trial to our Schaeffer's Gold. 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=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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