Schaeffer's Daily Market Blog Features Pfizer, eBay, McDonald's, Freescale Semiconductor, and Google.CINCINNATI -- Among the stocks featured in the October 20 edition of Schaeffer's Market Blog are Pfizer (NYSE NYSE See: New York Stock Exchange :PFE 1. (text, editor) PFE - Programmer's File Editor. 2. (language) PFE - Portable Forth Environment. ), eBay (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 :EBAY), McDonald's (NYSE:MCD MCD Minor Civil Division MCD McDonalds (restaurant) Mcd Macedonian (linguistics) MCD Municipal Corporation of Delhi MCD Magnetic Circular Dichroism MCD Mad Cow Disease ), Freescale Semiconductor Freescale Semiconductor, Inc. is an American semiconductor manufacturer. It was created by the divestiture of the Semiconductor Products Sector of Motorola in 2004. Freescale focuses their integrated circuit products on the automotive, embedded and communications markets. (NYSE:FSL FSL - Formal Semantics Language. A language for compiler writing. ["A Formal Semantics for Computer Languages and its Application in a Compiler-Compiler", J.A. Feldman, CACM 9(1) (Jan 1966)]. [Sammet 1969, p. 641]. ), and Google (NASDAQ:GOOG GOOG Google, Inc. (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 1M&PAGE=1 . Schaeffer's Market Blog for Thursday, October 20, 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 . 10:01 AM Pfizer Trades Lower on Reduced Outlook, Withdrawn Guidance This morning before the market open, Pfizer (NYSE:PFE) reported third-quarter earnings of 51 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 analyst estimates. Company revenues declined five percent year-over-year to $12.19 billion versus the consensus estimate of $12.50 billion. PFE guided its earnings outlook for fiscal 2005 lower and now sees earnings per share of $1.92-1.94 versus the consensus estimate of $1.98. In other discouraging news, the company withdrew its earnings guidance for 2006 and 2007 considering the anticipated adverse business conditions. Technically speaking, PFE has been a dismal performer, shedding more than 15 percent during the past year. A check on its long-term chart reveals that the equity has been trending lower since 2002. PFE is now trading below all major moving averages, a negative sign from a technical perspective. 10:37 AM EBay Trades Lower on Earnings Report Last night after the market close, eBay (NASDAQ:EBAY) reported third-quarter earnings of 20 cents per share, in line with analyst estimates. Company revenues increased 37.2-percent year-over-year to $1.11 billion versus the consensus estimate of $1.08 billion. EBAY also guided its revenues for the fourth quarter and 2005 higher than previously expected. Company CFO See Chief Financial Officer. Rajiv Dutta will leave his post at EBAY to take over the president of EBAY's recent acquisition Skype Technologies as soon as his successor is named. Yesterday, EBAY options traded actively ahead of its earnings report. Put volume was 5.3 times heavier than average, as nearly 43,000 contracts crossed the tape. The most actively traded put contract was the October 40.00 strike (XBA XBA The ISO 4217 currency code for the European Composite Unit (EURCO). VH). Call volume was more than four times heavier than average and more than 98,800 contracts changed hands. The most actively traded call contract was the October 42.50 strike (XBA JV). Today, EBAY is trading five percent lower to $39.87. 4:36 PM McDonald's Slips Notice the day that McDonald's (NYSE:MCD) had? The firm couldn't get a break today, dropping below the support of its 10-day and 20-day moving averages after spending yesterday above these trendlines. The reason for the drop was that the burger beast saw third-quarter earnings of 58 cents per share, including a gain of two cents per share linked to an international franchise deal. MCD did take a one-time tax benefit that accounted for seven cents per share. The average analyst estimate for the firm's earnings stood at 54 cents per share. Revenue for the quarter climbed to $5.33 billion, beating the Street's estimate of $5.25 billion. In its filing with the Securities and Exchange Commission, MCD noted that profit margins were pressured in the U.S. and in Europe. While the fast-food firm has lost the support of its 10-day and 20-day trendlines, it should be noted that today's news has given the shares reason to rely on their 10-day moving average. Since April 2003, the shares have closed below this support a mere three times. Let's see Let's See was a Canadian television series broadcast on CBC Television between September 6, 1952 to July 4, 1953. The segment, which had a running time of 15 minutes, was a puppet show with a character named Uncle Chichimus (voice of John Conway), which presented each how the rest of the month shapes up for the seller of shakes. It will be interesting to see if this support holds. 4:41 PM Google and Freescale Semiconductor Report Time to take a look at companies that have reported earnings after the bell. First, let's look at internet search behemoth behemoth (bē`hĭmŏth, bĭhē`–) [Heb.,=plural of beast], large, fanciful primeval monster, like Leviathan, evoking the hippopotamus mentioned in the Book of Job. , Google (NASDAQ:GOOG). The firm posted third-quarter earnings of $1.32 per share, short of the Street's expectations for earnings of $1.36 per share. However, let's not Let's Not is a science fiction short story by Isaac Asimov. It was first published in Boston University Graduate Journal in December 1954. It was written for no payment as a favour to the journal, and later appeared in the collection Buy Jupiter. make the mistake that I did and assume that the stock plummeted; revenue came in at $1.58 billion, far better than the expected $944 million. Next to step into the earnings confessional is Freescale Semiconductor (NYSE:FSL), which posted a third-quarter gain of 38 cents per share, up from 15 cents per share last year. FSL beat the Street's estimate by 10 cents per share, and topped its estimate for sales of $1.43 billion (FSL brought in sales of $1.45 billion). The company noted that its results included a $26 million pre-tax gain along with a $10 million write-down of receivables stemming from the bankruptcy of Delphi (DPH DPH Diploma in Public Health. DPH abbr. 1. Diploma in Public Health 2. Doctor of Public Health 3. Doctor of Public Hygiene ). 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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