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

by 6/8/2000 2:08 PM
Stocks quoted in this article:
With the Nasdaq Composite (COMP - 3853.3) up 0.4 percent and the S&P 500 Index (SPX - 1464.36) down 0.5 percent today, the sector indices are seeing mixed activity with 15 of 35 in positive territory. The following are the top four performing indices today: the AMEX Tobacco Index (TOB - 209.19), up 4.7 percent; the PHLX Oil Service Sector Index (OSX - 118.41), up 2.0 percent; the AMEX Networking Index (NWX - 1138.7), up 2.0 percent; and the PHLX Semiconductor Index (SOX - 1147.4), up 1.6 percent. The four indices showing the most weakness are: the PHLX KBW Banking Index (BKX - 843.5), down 2.0 percent; the S&P Retail Index (RLX - 857.7), down 1.8 percent; the Morgan Stanley Healthcare Payors Index (HMO - 279.13), down 1.6 percent; and the AMEX Biotechnology Index (BTK - 578), down 1.5 percent.<
permalink

by 6/8/2000 2:07 PM
Stocks quoted in this article:
The markets are trading tentatively and without direction ahead of tomorrow's Producer Price Index report. The S&P 500 Index (SPX - 1463.63) is lower by 0.5 percent. Currently on the NYSE, 1,231 advancing issues are being eclipsed by 1,557 declining issues while 520 issues are unchanged. Up volume of 235 million shares is being crushed by down volume of 312 million shares on total volume of 567 million shares. The 35 new highs are about equal to the 36 new lows. The Nasdaq Composite (COMP - 3851.7) is up 0.33 percent. Advancing Nasdaq issues of 1,764 are falling behind 2,018 declining issues, while 672 issues are unchanged. Up volume of 490 million shares is ahead of down volume of 390 million. The 47 new highs are beating the 35 new lows. <
permalink

by 6/8/2000 12:55 PM
Stocks quoted in this article:
The nation’s number-one grocery store chain, Kroger (KR - 18), announced a venture with Priceline WebHouse, a division of Priceline.com (PCLN - 46-1/4) this morning. The service will allow consumers to do their grocery shopping over Priceline’s Internet site. KR was trading more than 4.5 percent in the red shortly before 1:00 p.m., while PCLN shares were trading over two percent higher. PCLN shares are presently sitting atop their 10-day and 20-day moving averages. These short-term trendlines had been providing nearly constant resistance for PCLN since mid-March. Option activity on both equities is relatively sparse in early afternoon activity.
permalink

by 6/8/2000 11:45 AM
Stocks quoted in this article:
Central Newspapers (ECP - 46-1/4), publisher of the Arizona Republic and Indianapolis Star, is one of the top names on the NYSE new highs list this morning. Currently, the stock has vaulted ahead by more than 14 points, or over 47 percent, on news that it is in preliminary talks about a possible sale of the company or combination with another firm. ECP also hired banker Donaldson Lufkin & Jenrette (DLJ - 42-7/8) for advice. With today’s advance on above-average volume, the shares have not only eclipsed all of their significant moving averages, but they are also above their previous all-time intraday high of 45-11/16 from October 13. According to Zacks Online, ECP remains relatively unknown on Wall Street. There are only five analysts presently covering the equity, two of which rate it as a “hold.” The security could receive an additional boost from any new positive coverage or future upgrades.<
permalink

by 6/8/2000 11:10 AM
Stocks quoted in this article:
Fluor Corp. (FLR - 35-15/16), which had 1999 revenue of $12.42 billion, provides services in engineering, procurement, construction, maintenance and operations, consulting, and coal production. This morning, a major financial newspaper reported that the company's board of directors approved a plan to split its construction and coal businesses into two publicly traded companies. Last year, FLR's construction business had revenue of $11.3 billion, while the coal operations had revenue of $1.1 billion. In response to the news, the stock gapped fractionally higher at the open and is currently up over 11 percent on the day. Today's surge puts the stock back above both its 10-day and 20-day moving averages for the first time in over two weeks.
permalink

Featured Brokers
ADVERTISEMENT
Unusual Option Volume
Option Flow
ADVERTISEMENT
Most Active Stocks
Most Active Option Strikes
Largest Open Interest

Partner Center

© 2014 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.