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

by 2/7/2001 12:25 PM
Stocks quoted in this article:
Fashion veteran Tommy Hilfiger (TOM 15.75) has enjoyed a boost today to the tune of nearly one point, or about 4.8 percent. The stock's rally was spurred by an upgrade from Robertson Stephens. The brokerage firm boosted its long-term rating from to a "buy" from an "attractive."

TOM shares are coming off of a well-needed burst of strength. Between December 27 and February 2, the shares more than doubled in value, though the equity remains more than 60 percent from its all-time high achieved in August 1999. This week, TOM has retreated to test support at its ascending 10-day moving average. Perched immediately overhead, however, is the stock's descending 20-month moving average, which dwells in the 16-17 region. TOM has not managed a monthly close above this trendline since August 1999. <
permalink


by 2/7/2001 12:18 PM
Stocks quoted in this article:
QRS Corp. (QRSI 11-3/16) missed earnings estimates late last night by 65 cents per share. The provide of business to business e-commerce reported a loss of 67 cents per share, compared to a profit of 26 cents per share for the same quarter last year. QRSI is planning to lay off approximately 100 employees and is making changes to key management. During trading today, the stock is off by more than a half a percent.
permalink

by 2/7/2001 12:10 PM
Stocks quoted in this article:
Metro One Telecommunications (MTON 30-5/16) reported fourth-quarter earnings after the closing bell yesterday of 38 cents per share. This is a significant rise from earnings of four cent per share announced for the same quarter last year. So far the shares have fallen more than three percent in trading today.

MTON fell below its 10-day moving average during trading yesterday and since has not been able to pull back above the trendline. The security had used this trendline as a support since the start of its upward climb at the beginning of November.
permalink


by 2/7/2001 11:17 AM
Stocks quoted in this article:
Brocade Communication Systems (BRCD 80-3/8) will be added to the Nasdaq-100 Index (NDX 2407.33) before trading begins on Tuesday February 13. BRCD will replace SDL Inc. (SDLI 187-9/16) because SDLI is being acquired by JDS Uniphase (JDSU 49-3/8) after a shareholder vote next Monday.

Usually such an announcement brings about a price increase in the stock from speculators bidding up the shares. But today, BRCD shares are suffering more from the negative earnings announcement last night from their competitor, Cisco Systems (CSCO 31-7/16). BRCD shares are down about three points today.
permalink


by 2/7/2001 11:14 AM
Stocks quoted in this article:
Allstate (ALL 40.73), the nation's number two property insurer, presented pleasing results for the fourth quarter. Profit was up 12 percent, despite lower premiums. Earnings excluding restructuring charges rose from 66 cents per share for the same quarter last year to 80 cents this year, handily beating Street estimates of 72 cents per share. The company is working on making itself more profitable and investors seem to be responding, as the stock price rose 81 percent during 2000.

The most active ALL option so far today is the February 40 call, which has traded 140 contracts on open interest of 2,106. This option is the site of peak front-month call open interest, although some April and July calls have accumulated much higher open interest.
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.