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

by 2/21/2001 1:37 PM
Stocks quoted in this article:
The Boston Beer Company (SAM 9.60) produces nearly 20 seasonal and year-round microbrews at its plants in Boston and Cincinnati. These include Samuel Adams Boston Lager and Hard Core cider. Yesterday afternoon, the company announced fourth-quarter earnings of 11 cents per share, topping the previous year's numbers by nearly 60 percent. This morning, SAM announced the appointment of a new Chief Operating Officer. This fundamental news notwithstanding, the firm suffered a brokerage downgrade from Credit Suisse First Boston, which cut its rating on the shares from a "buy" to a "hold." The stock has dropped nearly six percent in response and is again trading in single-digit territory.

Over the past four months, SAM shares had been maintaining an upward momentum, rising from the 7.50 mark on October 30 to a peak of 10.45 yesterday, for an advance of nearly 40 percent. Despite today's pullback, the equity continues to trade above all significant moving-average trendlines.
permalink


by 2/21/2001 12:05 PM
Stocks quoted in this article:
Grupo Televisa (TV 40.49) is the number-one media firm in Mexico, with over 250 television stations, four networks, and 17 spots on the radio dial. The firm has been re-evaluating its current arrangement with Univision (UVN 34.98), a U.S. broadcaster that is geared toward a Hispanic audience. TV recently broached the topic of a partial merger between the two firms. UVN officials subsequently rebuffed the advance. TV says it hopes to convince UVN that such a deal would be profitable in the near term; if such a deal is not on the table by July, TV officials may begin looking at other ventures with UVN competitors.

The Street is not taking this unrequited love in stride; TV shares have dropped more than 11 percent today to register a new annual low. For the past four months, TV shares have been trading below their 10-month and 20-month moving averages, trendlines that are nearing a bearish crossover.

On the options front, 350 contracts have changed hands on the out-of-the-money April 42.50 strike. These are likely new positions, as there was no open interest on this option prior to today's trading. <
permalink


by 2/21/2001 11:48 AM
Stocks quoted in this article:
Blue Wave Systems (BWSI 7-31/32) announced today that it agreed to be acquired by Motorola (MOT 18.05) for as much as $165 million in stock. The telecommunications-equipment maker is up by more than seven percent in trading as it continues to battle overhead resistance in the form of its 20-day moving average.<
permalink

by 2/21/2001 11:31 AM
Stocks quoted in this article:
Youth-oriented apparel retailer, Abercrombie & Fitch (ANF 29.70), reported fourth-quarter earnings after the bell yesterday. The company beat Street estimates by two cents per share and came in three cents above last year's earnings. Per diluted share income amounted to 76 cents on a 21-percent rise in sales.

Stores open longer than one year saw a nine-percent falloff in sales, however. The company is being cautious about the near-term future due to the uncertain economic environment. Two analysts this morning have issued positive comments. The shares are trading up about six percent today, but that is after a huge decline yesterday before the earnings release.<
permalink


by 2/21/2001 10:47 AM
Stocks quoted in this article:
An article in today's Washington Post presented conflicting sentiment on online retailer Amazon.com (AMZN 11-11/16). One electronics distributor said it has ceased delivery to AMZN until the retailer pays its outstanding bill with the vendor. Other vendors expressed concern over the future of the firm, even though AMZN remains up-to-date with current payments. Defending his creation, AMZN chief executive (and Time's 1999 man of the year) Jeff Bezos asserted that the company had an "excellent" payment record and claimed that AMZN has never been in better shape.

Investors seem to be siding with the vendors, as the stock has dropped more than five percent today to register a new annual low at 11-5/16. The equity is sitting nearly 90 percent below its all-time high achieved in December 1999.

On the options front, AMZN might face some challenges overhead, as the site of heaviest open interest in the front-month series resides at the March 15 call strike. More than 6,300 contracts currently dwell at this out-of-the-money strike. By contrast, the most-active put in the March series is the March 10 option, home to 3,882 open puts. <
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.