Schaeffer's Options Center
Sponsored by:
Schaeffer's Daily Option Blog

by 2/12/2001 3:25 PM
Stocks quoted in this article:
The World Wrestling Federation (WWF – 15.35) gapped lower today after the ratings were released for the second weekend of the XFL. Falling to 5.1, the XFL fell to less than half the 10.3 rating the games received on the first weekend. Down more than nine percent in trading today, the stock has slipped more than 15 percent since the XFL debut.
permalink

by 2/12/2001 10:46 AM
Stocks quoted in this article:
Boston Fed President, Cathy Minehan, who at the annual International Treasury Management Conference at the World Trade Center in Boston this morning, feels that U.S. productivity growth will continue to support the economy and that inflation remains, "well behaved". Economic growth should average around two-percent for fiscal year 2001.

The U.S. economy should continue to feel the effects of a sharp adjustment in inventories throughout the first quarter, but there exists positive signs that suggest it will return to a healthy rate of growth later this year. The correction in inventories is the result of an unexpected rapid adjustment toward more sustainable growth in demand.

"Consumer attitudes pose challenges for the U.S. economy in the short run," Minehan said, but she feels that the economy is better positioned to weather these short-run adjustments than it was in previous periods of weakness. She credits limiting the inventory buildup to "just-in-time" inventory processes and rapid production adjustments. These processes should help reverse the inventory overhang more quickly than is usual.

Referencing the recent 100-basis points of Fed easing, she said, "This may help shore up confidence, creating some rebound in spending by both firms and consumers, [where] recent signs are at least somewhat encouraging here." She added that vigilance on the part of the Federal Reserve is necessary.

Her view of near-term risk includes the level of private savings and the softness in domestic demand in many foreign countries.
permalink


by 2/12/2001 10:36 AM
Stocks quoted in this article:
Schlumberger (SLB – 73.33) has agreed to buy Sema (SEM – 9.95), a struggling IT consultant for approximately $5.3 billion. The oilfield services company is expanding its computer services division to give its customers increased computer power in their search for new reserves. In addition, SLB is looking for added protection against cyclical swings in its energy business.

On the open, the stock gapped below both its 10-day and 20-day moving averages. These trendlines have supported SLB since the shares rose above the moving averages at the beginning of the month.
permalink


by 2/12/2001 10:09 AM
Stocks quoted in this article:
On Sunday, Eastman Kodak (EK – 44.90) announced that it would purchase Pakon, a digital film scanner maker. EK hopes to strengthen the company's imagine scanning services by realigning its scanner operations with the new acquisition.

The stock is again moving to test the 45 level, which is the site of peak open call interest. More than 3,300 open February 45 call contracts continue to rebuff the security's attempts to break through this level.
permalink


by 2/12/2001 9:07 AM
Stocks quoted in this article:
The S&P Insurance Index (.IUX - 756.85) held up well during last week's market decline. The group finished the week slightly in positive territory while the major market averages were deep in the red. From a technical perspective, the .IUX was able to find support from its now rising 20-day moving average. From a longer-term technical perspective last month's decline found near-perfect support at the round-number 700 level. The 700 level had formerly acted as resistance for the group in July 1998.<
permalink

Featured Brokers
ADVERTISEMENT
Unusual Option Volume
Option Flow
ADVERTISEMENT
ADVERTISEMENT
Most Active Stocks
Most Active Option Strikes
Largest Open Interest

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.