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

by 1/23/2001 11:22 AM
Stocks quoted in this article:
Eagle Global Logistics (EAGL – 27-1/16) is still flying high after warning that they would most likely miss Street estimates for fourth-quarter earnings. The global transportation and information services company expects earnings to glide in around 35 to 37 cents per share, short of analysts' estimates of 41 cents per share.

EAGL blames a softening economy and start-up costs related to leasing aircraft servicing for the earnings shortfall. The company slashed 300 jobs and reduced its number of short-term aircraft while they were renegotiating contracts entered by Circle International, who was recently merged with EAGL.

While the stock contentedly trades above its 10-day and 20-day moving averages, it is currently combating levels where it bearishly gapped on December 15.
permalink


by 1/23/2001 11:22 AM
Stocks quoted in this article:
Rising fuel prices have taken some of the steam out of Burlington Northern Santa Fe's (BNI – 28-9/16) earnings for the fourth quarter. The second-largest railroad in the United States, BNI posted earnings of 65 cents per share, chugging past estimates by a penny. Unfortunately, the company fell short of last year's fourth-quarter earnings of 69 cents per share. Reduced traffic brought on by a slowing economy and higher fuel prices helped to derail BNI's hopes of matching last year's earnings.

The shares began their second day of trading below their 10-day and 20-day moving averages for the first time since mid-December. The stock will find itself facing substantial resistance at the 30 level, where heavy call volume has been building.


permalink


by 1/23/2001 10:46 AM
Stocks quoted in this article:
DuPont Photomasks (DPMI - 68-3/4) is a company 55-percent owned by DuPont (DD - 43) that produces photomasks that are high-purity glass plates containing images of integrated circuits used in the production of semiconductors. As such, their business cycle runs several months behind semiconductor production.

The DPMI chart has been looking healthy the past several weeks, as the stock just climbed back to a price above its late-August high.

Today, DPMI released earnings of 64 cents per share, beating analysts' estimates by two cents per share. The 64-cent-per-share profit compared to 27 cents for the same quarter last year, while revenue climbed 45 percent.

So far today the stock has pulled back to the site of its 10-day moving average, although investors may be waiting for the company's conference call to be broadcast later this morning. Options are available for DPMI but are only lightly traded.
permalink


by 1/23/2001 9:44 AM
Stocks quoted in this article:
With a press release and a few slaps on the back, E*Trade Group (EGRP - 12-5/16) announced that its will transfer its listing from the Nasdaq to the New York Stock Exchange (NYSE). EGRP has set no definite trading date, but the move is expected to occur next month, and the company will debut a new two-character ticker, "ET." The security has been listed on the Nasdaq since its initial public offering in 1996.

The shares were forced to seek out the mid-six level for support, but have since rallied some 80 percent and are face-to-face with their downtrending 20-week moving average. This trendline has guided the shares lower since late September. The disappearance of the January options series has taken a lot of overhead call pressure off the stock as peak February call open interest lies in the February 12-1/2 and 15 call options. Current open interest on these options is just 2,074 and 2,191, respectively. The impact of January options expiration reduces Schaeffer's put/call open interest ratio (SOIR) by 39 percent. We will have to see where it goes from here.
permalink


by 1/23/2001 9:32 AM
Stocks quoted in this article:
Liz Claiborne (LIZ – 46-5/16) makes upscale business attire for women. The company sells its brands in department stores and in nearly 250 specialty shops. Last night after the close, the retailer said that its fourth-quarter and year 2000 sales and earnings numbers will likely meet estimates. Analysts are expecting the firm to earn 95 cents per share for the final quarter of the year. The company will report its figures in mid-February.

This news was clouded, however, by the company's prediction that earnings for the first half of 2001 will be more "modest" than the numbers for 2000. Total sales growth for this year will likely fall in the 5-7 percent range, as opposed to 2000, when earnings growth came in between 10 and 11 percent.

Technically speaking, LIZ shares have been rallying steadily since their December 15 bottom. In just over a month, the equity has appreciated more than 22 percent. This surge higher has been guided by the security's ascending 10-day moving average. The stock is currently two points away from its former annual high, which was achieved in late April.

Options are available for LIZ but are very thinly traded. The site of heaviest open interest is the July 50 call, home to 241 open contracts. <
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.