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by 3/7/2001 12:09 PM
Stocks quoted in this article:
CTS Corporation (CTS 26.87) warned investors this morning that first-quarter results would miss Street estimates of 67 cents per share. The manufacturer of electronic components for wireless applications is expecting earnings of four to eight cents per share. CTS cited a slowdown in demand and inventory corrections for the lowered earnings.

The shares have shed more than 28 percent so far in trading, breaking through support at the 35 level. Today's high for the stock was capped at 30, indicating that the stock may now find additional resistance at this level.
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by 3/7/2001 10:53 AM
Stocks quoted in this article:
Coca-Cola Bottling Consolidated (COKE 41-13/32) produces and distributes bottled beverages, primarily in the southeastern United States. The firm is the second-largest bottler of Coca-Cola (KO 50.12) products in the country. This morning, COKE announced 2000 earnings of 71 cents per share, compared to 37 cents over the course of 1999. On a year-over-year basis, net sales climbed around 1.5 percent.

COKE is trading fractionally higher in mid-morning activity. For the past six weeks, the shares have been consolidating sideways in a tight range between the 39 and 42 levels. This sideways action has caused the equity to collide with its ascending 10-week moving average, above which it continues to sit. COKE is not an optionable equity.
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by 3/7/2001 10:52 AM
Stocks quoted in this article:
Barrett Resources (BRR 60.27) has already reached a new high today, after receiving an offer from Shell oil, a unit of Royal Dutch/Shell Group (RD 60.17), to be acquired for $55 per share in cash. This also included the assumption of $400 million in debt. The board is currently reviewing the offer and is expected to respond on Friday.

Up by more than 32 percent, the security is currently trading above all short-term and long-term trendlines, reaching new all-time highs on extremely heavy volume. Additionally, BRR's April 60 call is seeing some activity, as 1,002 contracts have changed hands. Prior to today, there was no open interest on this option. <
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by 3/7/2001 10:41 AM
Stocks quoted in this article:
Albany Molecular Research (AMRI 45-3/4) reported fourth-quarter earnings this morning of 22 cents per share, beating Street estimates of 20 cents per share. AMRI also easily surpassed the 12 cents per share that was reported for the same period last year. The company expects to earnings for the full year to be between 90 92 cents per share, which is ahead of analysts' expectations of 87 91 cents per share. The research firms additionally stated that they are comfortable with first-quarter estimates of 20 cents per share.

Despite starting the day with strong gains, the stock has fallen back to lose more than three percent. The shares have been unable to overcome overhead resistance in the form of their 10-day and 20-day moving averages. <
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by 3/7/2001 10:34 AM
Stocks quoted in this article:
Yahoo! (YHOO - 21 and halted) offered its regrets to appear at a Merrill Lynch Internet Conference scheduled for tomorrow. The news has caused much speculation as to the company's reasoning for bowing out. The shares have traded sporadically this morning and are currently halted again. Already over two million shares have changed hands. It is difficult to tell if the halt was related to the cancellation or if news from the company is imminent.

Options investors have piled into open call positions on the March 25, 30, and 35 strikes (8,987, 10,184, and 8,031, respectively). Accordingly, the Schaeffer's put/call open interest ratio (SOIR) for YHOO stands at 0.52 (52 open put positions for every 100 call open positions).
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