Schaeffer's Daily Market Blog Features Quiksilver, Dreamworks Animation SKG, JetBlue Airways, Federated Department Stores, and Yahoo!

CINCINNATI -- Among the stocks featured in the March 10 edition of Schaeffer's Market Blog are Quiksilver (NYSE:ZQK), Dreamworks Animation SKG (NYSE:DWA), JetBlue Airways (NASDAQ:JBLU), Federated Department Stores (NYSE:FD), and Yahoo! (NASDAQ:YHOO). 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 10, 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 .

12:52 PM Quiksilver Slashes Earnings Estimate

Quiksilver (NYSE:ZQK) announced this afternoon it saw a 31-percent spike in earnings during the second quarter, but is still forced to cuts its forecast by nearly two-thirds. The firm is now prognosticating earnings of six cents per share on sales of $525 million, well below its original projection of 17 cents per share on sales of $530 million. The company noted that it has better clarity on estimated expenses and revenues since its acquisition of the Rossignol and Cleveland Golf athletic companies.

The news has caused the shares to gap lower. However, the equity has managed to rebound off former support at the 13 level and is now down less than five percent. The stock is currently between support at its 20-week moving average and below resistance at its 10-week trendline.

11:54 AM DreamWorks Drops on Earnings

After the close last night, DreamWorks Animation SKG (NYSE:DWA) announced that fourth-quarter earnings plummeted 67 percent compared with a prior-year quarter. Net income fell to $63.2 million, or 61 cents per share, versus year-ago results of $192 million, or $1.99 per share. Excluding items, earnings came in at 76 cents per share. Revenue dropped to $172.9 million from $495.7 million.

The shares are currently down more than four percent on the news at $25.69, but have rebounded nicely from an intraday low of $24.40. The equity appears to have bounced off former support at the 24.50 level, but is still facing staunch resistance at its 10-day and 20-day moving averages. Furthermore, DWA is poised to finish the week below both its 10-week and 20-week trendlines for the first time since the start of the year.

11:43 AM JetBlue Tumbles on Downgrade

JetBlue Airways (NASDAQ:JBLU) gapped sharply lower this morning after Prudential Equity Group downgraded the shares from "neutral weight" to "underweight." The brokerage firm citing that longer-term structural issues are a bigger problem than current losses. "We believe JetBlue needs to seek available gates elsewhere at JFK, reduce weak long haul flying, and slow aircraft deliveries if stock is to be more than a short-term news-driven trade," the broker said. The shares are currently down nearly six percent in trading at the moment and have tagged a fresh annual low of $10.25. Since the start of 2006, the equity has dropped nearly 32 percent and pulled its 10-week and 20-week moving averages into a bearish cross. Furthermore, JBLU has lagged behind its peers in the AMEX Airline Index (XAL) since early September.

11:37 AM Federated Announces Store Closures

Federated Department Stores (NYSE:FD) announced this morning that it will close five underperforming Lord & Taylor stores and convert another one to a Macy's. The closures will take place in late July or early August, and include two in St. Louis, one in Delaware, one in Michigan, and one in Massachusetts. Meanwhile, FD will close the Lord & Taylor store in downtown Philadelphia on June 1 and re-open it as a Macy's August 1. The retailer acquired the Lord & Taylor chain when it bought May Department Stores. In addition, the firm plans to divest its Robinsons-May store at the Scottsdale Fashion Square in Arizona. FD reported that it planned to offer positions at Macy's stores in the area to as many employees who work at the Robinsons-May store.

The shares of FD are currently up nearly one percent, but are hitting resistance in the 72 area. This region has capped the security on a number of occasions since the beginning of the year.

10:48 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard & March Madness Bubble Poll

Below are the tables with those stocks that achieved new annual highs or lows while sporting an "extreme" Schaeffer's Equity Scorecard rating. These ratings include Reynolds American (RAI), and Yahoo! (NASDAQ:YHOO).

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, check out 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 .

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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 .