Schaeffer's Trading Floor Blog

Yahoo Factoid

by 6/30/2005 12:14 PM
Stocks quoted in this article:

For what it is worth...I was doing a little digging into the analysts ratings on shares of Yahoo (YHOO). A check of data from Zacks shows that 19 of 24 analysts (79 percent) currently rank the stock with a "buy" rating. This is down from 82 percent as "buys" three months ago. I was scanning through some historical data and it looks like the percent as buys hasn't been above 80 since mid-to-late 2000...


permanent link

Selling

by 6/30/2005 11:07 AM
Stocks quoted in this article:

It appears that a round of selling has hit the market...


Chart Courtesy of Thomson/ILX

A quick scan of the news doesn't show much in the way of catalysts so either something is bubbling to surface or we are just seeing the typical choppy action ahead of a "big" event...

<

permanent link

Readers Respond - Growling

by 6/30/2005 10:48 AM
Stocks quoted in this article:

Sharlee says - "I'll bet you a dog biscuit:

  1. That they leave the rates where they are.
  2. That the DJIA spikes back up toward 10,563.
  3. That Tuesday will be the best short since March of 2000."

My response - For those aren't familiar with Sharlee, who is regular reader and frequent emailer, he has some ursine tendencies. And while I don't foresee today playing out exactly like this, I do have to share some of his concerns given what we have discussed.

In a post yesterday I summarized the lack of overall skepticism in the market, noted the potential for slowing earnings growth, and discussed the uptick in optimism from Investors Intelligence where my colleague Bob Becks noted:

    "'this is the first time since being polled on 12/24/2004 that the percent of bearish advisors has fallen below 20' and that historical testing shows this has been tended to warn of market weakness..."

<

permanent link

KLAC

by 6/30/2005 10:13 AM
Stocks quoted in this article:

Keep an eye on KLA Tencor (KLAC)...Yesterday we looked at how the stock was potentially breaking down after failing to breakout. This morning the stock is trying to bounce back from yesterday's sell-off so this gives us a chance to see how strong the bulls are...


permanent link

3M Update

by 6/30/2005 10:00 AM
Stocks quoted in this article:

Continuing on with 3M (MMM). Here is what the updated chart looks like with this morning's move lower...


Created with SuperCharts by Omega Research

With this potential breakdown in mind, check out the sentiment profile below which shows little to no skepticism...

  • Percent of analysts tracked by Zacks who rate the stock with a "buy": 64%
  • Number of analysts tracked by Zacks: 11
  • Short interest as a percent of float: 0.9%
  • Short interest ratio: 2.011
  • Put/call ratio percent rank: 12.7%


permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.