Options Center | Market Centers | Schaeffer's Investment Research

Learn how to start trading options now!

Schaeffer's Options Center

Sponsored by:

Schaeffer's Daily Option Blog

by 1/13/2000 1:19 PM

Stocks quoted in this article:

A dove among hawks? Well, maybe that is going too far, but Federal Reserve Governor Edward Gramlich said that he was against using inflation targets as the sole focus of the Fed. As it stands now, low inflation as well as sustainable growth are the Fed’s objectives. This marks the third Fed Governor in recent days that has made public appearances ahead of tonight's highly anticipated speech by Fed Chairman Alan Greenspan. Mr. Gramlich would not comment on his near-term Fed policy outlook.<
permalink

by Beth Gaston 1/13/2000 12:29 PM

Stocks quoted in this article:

PNC Bancorp (PNC - 43-5/8) has been down in the proverbial dumps lately, shedding about 30 percent since its early November high of 62. Early last week, the stock even reached a new annual low at the 40 mark. Things could be looking up, however, as shortly before 11:00 a.m. today, PNC announced fourth-quarter earnings of $1.01 per share, matching analysts' expectations for the report. On a year-over-year basis, the company's earnings rose nearly 10 percent. This news apparently pleased the Street, as the stock is currently trading almost four percent higher. This boost was enough to carry the stock above its descending 20-day moving average for the first time since mid-November. <
permalink

by 1/13/2000 12:03 PM

Stocks quoted in this article:

An aggressive move by Telefonica of Spain (TEF – 73-1/8) to consolidate Latin holdings has sparked a rally in the Latin American telecommunications group. TEF announced that it plans to launch an aggressive all-stock tender offer for full ownership of four phone companies in the region. The 40 percent premium being offered has caught the eyes of investors and pushed shares of other stocks in the group higher including Telefonos de Mexico (TMX – 116-11/16) and Telebras (TBH – 133-5/8) up 2.6 percent and 9.5 percent, respectively.<
permalink

by 1/13/2000 11:42 AM

Stocks quoted in this article:

Warner-Lambert (WLA – 86-3/4) has announced that it is giving serious consideration to a Pfizer (PFE – 35-11/16) offer just a few short weeks after PFE announced that it would not make any additional offers. PFE and American Home Products (AHP - 43) have been in a tug-of-war for WLA for several months now. WLA is halted at the moment. Following the news, the AMEX Pharmaceutical Index (DRG – 366.8) reversed into positive territory on the day. <
permalink

by 1/13/2000 11:34 AM

Stocks quoted in this article:

INDEX

With the S&P 500 Index (SPX - 1437.13) up 2.2 percent and the Nasdaq Composite (COMP - 3877.6) up 3.5 percent in the last five days, the following are the top four indices during that time period: the Morgan Stanley Healthcare Providers Index (RXH - 198.74), up 11.1 percent; the PHLX Semiconductor Index (SOX - 736.4), up 9.3 percent; the AMEX Biotechnology Index (BTK - 405.49), up 7.4 percent; and the S&P Insurance Index (IUX - 284.26), up 5.7 percent.

The four indices showing the most weakness over the last five days are: the AMEX Internet Index (IIX - 538.43), down 4.3 percent; the AMEX North American Telecom Index (XTC - 1480.77), down 0.7 percent; the AMEX Computer Technology Index (XCI - 1349.1), up 0.4 percent; and the Morgan Stanley Commodity Related Equities Index (CRX - 215.38), up 0.6 percent. <
permalink