Schaeffer's Daily Market Blog Features Shuffle Master, Vertex Pharmaceuticals, Celgene, Cephalon, and Dollar General.CINCINNATI -- Among the stocks featured in the February 27 edition of Schaeffer's Market Blog are Shuffle Master (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 :SHFL SHFL Schuylkill Haven Free Library (Schuylkill Haven, PA) ), Vertex Pharmaceuticals (NASDAQ:VRTX An earlier real time operating system for embedded systems from Mentor Graphics, Wilsonville, OR (www.mentor.com). VRTX was the progenitor of the VxWorks OS from Wind River and was superseded by Nucleus OS. VRTX - Virtual Real-Time Executive. ), Celgene (NASDAQ:CELG), Cephalon (NASDAQ:CEPH CEPH Council on Education for Public Health CEPH Centre d'Etude du Polymorphisme Humain ), and Dollar General (NYSE NYSE See: New York Stock Exchange :DG). 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=PROB PROB Probable/Probably PROB Problem PROB People's Republic of Bangladesh 12M&PAGE=1 . Schaeffer's Market Blog for Monday, February 27, 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/. 1:15 PM Shuffle Master Benefits From Brokerage Comments According to Hoovers, Shuffle Master (NASDAQ:SHFL) has sold or leased more than 15,000 of its single- and multi-deck automatic card shuffling devices, which help increase casino security and efficiency. The company also develops table games with names like Let It Ride, Three Card Poker Three card poker (trademark name) or tricard poker is a poker-based game that is played in casinos. It actually consists of two separate games, pairplus and ante-and-play. The players can choose to play either or both of the games. , Fortune Pai Gow Poker Pai Gow poker (or Double-hand poker) is an Americanized version of Pai Gow, in that it is played with playing cards using poker hand rankings, while Pai Gow is played with Chinese dominoes. , Royal Match 21, and Casino War. About 3,200 of its table games can be found with the company's card shufflers at more than 600 casinos worldwide. The stock is one of the Nasdaq's biggest gainers today. It's up more than seven percent on several positive comments from brokerage firms. Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. (BAC BAC abbr. blood alcohol concentration ) upgraded its rating on the stock to "buy" from "neutral" based on its belief that new, bigger-ticket products (electronic table game platforms, chip sorters) should provide growth as legacy businesses (shufflers, table game content) mature. BAC also said SHFL is the best way to play the rapid growth in table game capacity in Macau. Deutsche Bank (DB) reinstated its "buy" rating and said it likes SHFL's longer-term outlook (augmented by recent acquisitions) and remains comfortable with the company's business model and revenue mix. Finally, Prudential (PRU PRU Prudential Financial PRU Pupil Referral Unit PRU Photographic Reconnaissance Unit PRU Potomac Rugby Union (Washington, DC) PRU Provincial Reconnaissance Unit PRU Projets de Rénovation Urbaine PRU Pruhonice ) visited southeast Asia and it believes there should be dramatically more gaming supply in Macau than they anticipated. They think this should be a major opportunity for suppliers such as SHFL. 3:15 PM Biotech Makes More New Highs Biotech continues to do just great. We've been bullish biotech a while now here at Schaeffer's and fortunately we've been right. Turning to the stocks - surprise, surprise, the AMEX AMEX See: American Stock Exchange Biotechnology Index (BTK Bruton's agammaglobulinemia tyrosine kinase (Btk) An enzyme vital for the maturation of B cells. Mentioned in: X-Linked Agammaglobulinemia ) is up nearly two percent to another multi-year high. For some ideas in this red-hot area - check out Vertex Pharmaceuticals (NASDAQ:VRTX), Celgene (NASDAQ:CELG), and Cephalon (NASDAQ:CEPH). 4:07 PM Dollar General Sees Heavy Call Volume Retailer Dollar General (NYSE:DG) is making an attempt to rally after falling to its lowest level in 20 months early in January. From its intraday low of 16.47 on January 30 to today's close of 17.63, DG is up seven percent. This came as long-term support at 17 helped the stock bounce. On Friday, someone made a bet that the rally will continue. We saw 7,530 contracts of the stock's April 17.50 call (DG DW) cross the tape Friday. Two trades totaling 7,500 contracts went off in the early afternoon at 0.55 and 0.60, closer to the ask price at the time of those trades. This indicates the trades were purchases. Open interest at the option strike jumped exactly 7,530 contracts, meaning the trades were the initiation of new bullish long call positions. DG was up 1.3 percent today to 17.63. 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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