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by 1/12/2001 9:07 AM
Stocks quoted in this article:
AmeriCredit (ACF – 32-1/2) reported second-quarter earnings on Wednesday after the closing bell. ACF posted profits of 57 cents per share, beating the Street estimate, which called for a figure of 53 cents per share. The stock vaulted nearly 17 percent yesterday in response and also logged a new 52-week high.

Options players took interest on the out-of-the-money February 35 call. The option witnessed volume of nearly 1,700 contracts, resulting in an increase to open interest of roughly 1,400 contracts.
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by 1/12/2001 9:07 AM
Stocks quoted in this article:
It is interesting to note that while the Nasdaq Composite (COMP - 2640.5) was getting beaten to a pulp in the fourth quarter, shares of Texas Instruments (TXN – 49-5/8) were merely consolidating in a range between the 35 and 55 levels. Although the stock has been a relative outperformer versus the COMP during this period, TXN still faces potential resistance at its overhead 20-month moving average. This trendline currently stands at 55, a level that has acted as the upper end of the range for the shares.

In yesterday's trading, the April 50 put was active on TXN. Just over 9,900 contracts changed hands on the option, resulting in an increase to open interest of approximately 8,600 contracts.
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by 1/12/2001 8:52 AM
Stocks quoted in this article:
This morning, the Commerce Department released December retail sales results. Overall, sales at U.S. retailers increased by 0.1 percent versus the consensus estimate for a 0.3-percent decline. The surprising rise in December retail sales numbers can be attributed to strong auto sales, which increased at a 0.3-percent clip. Excluding the auto sector, retail sales for December came in unchanged, which matches Wall Street estimates.<
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by 1/12/2001 8:47 AM
Stocks quoted in this article:
This morning, the Labor Department released December Producer Price Index (PPI) results. Overall, the December PPI came in flat, after rising by 0.1 percent in November. Excluding the volatile food and energy sector, however, the core index notched its biggest gain since May with a 0.3-percent advance. Today's figures surprised many analysts, as they anticipated a 0.1-percent increase in both the overall and core prices. In response to the news, the March S&P 500 futures contract (SP/H1 – 1340.90) has been all over the place and is currently up 6.40 points, which indicates a higher open.
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by 1/12/2001 8:39 AM
Stocks quoted in this article:
The February gold futures contract (GC/G - $264.90/oz.) is trading at levels last seen in August, 1999, when the contract bottomed at $263.30/oz. Short-term, there is a potential for a bounce, as technicians see a "double-bottom" opportunity.
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