SchaeffersResearch.com Daily Market Blog

Lockheed Martin Lands Air Force Contract

Fri, 16 May 2008 19:24:00 GMT

IBM isn't the only company announcing new deals. Late Thursday, Lockheed Martin (LMT: sentiment, chart, options) reported that it landed a contract with the U.S. Air Force to build its next-generation Global Positioning Systems, or GPS III, for %241.4 billion...(Read More)

IBM Lands 2 New Deals in Brazil

Fri, 16 May 2008 19:13:00 GMT

Earlier today, IBM Corp. (IBM: sentiment, chart, options) announced that it signed 2 new large services deals in Brazil as part of its effort to expand in South America...(Read More)

Encore Wire Pulls Back on Sterne Agee Downgrade

Fri, 16 May 2008 17:44:00 GMT

Shares of Encore Wire Corporation (WIRE: sentiment, chart, options) are slipping this afternoon after Sterne Agee cut the stock from "hold" to "sell." I did some digging through the Intrawebs, but was unable to find a rationale for the downgrade (I have a personal interest in the matter, since WIRE is the latest addition to my Undiscovered Gems portfolio)...(Read More)

RadioShack Edges Higher on Goldman Sachs Upgrade

Fri, 16 May 2008 16:53:00 GMT

RadioShack (RSH: sentiment, chart, options) shares are up more than 1% at midday after Goldman Sachs gave the shares an upgrade and added RSH to its "conviction list." Goldman raised its rating on the electronics retailer from "neutral" to "buy," and maintained its %2420 price target...(Read More)

Yahoo CEO Jerry Yang Rails Against Carl Icahn (and the Shift Key)

Fri, 16 May 2008 16:20:00 GMT

You may or may not have heard that Yahoo! (YHOO: sentiment, chart, options), which balked at a recent takeover attempt by Microsoft (MSFT), is now steeling itself for a proxy battle led by renegade investor Carl Icahn...(Read More)

U.S. Consumer Sentiment in May Shrinks to 28-Year Low

Fri, 16 May 2008 14:53:00 GMT

Right on the heels of stronger-than-expected housing data, the Street gets whammied with this: According to a report from the University of Michigan/Reuters, the U.S. consumer sentiment index in May fell to 59.5 from 62.6 in April...(Read More)

SanDisk (SNDK) Ends the Week With a Double-Dose of Analyst Attention

Fri, 16 May 2008 14:37:00 GMT

SanDisk (SNDK: sentiment, chart, options) was bombarded with a double-shot of notes from the brokerage bunch this morning...(Read More)

Fannie Mae (FNM) Scraps Higher Down-Payment Policy

Fri, 16 May 2008 14:21:00 GMT

Government-sponsored mortgage lender Fannie Mae (FNM: sentiment, chart, options) this morning announced that it's doing away with higher minimum down-payment requirements for borrowers in distressed real estate markets, The Associated Press reported...(Read More)

Single-Family Housing Starts Drop to Lowest Rate Since 1991

Fri, 16 May 2008 13:17:00 GMT

The Commerce Department this morning reported that housing starts rose to a seasonally adjusted annual rate of 1.032 million in April, an 8.2% increase from March...(Read More)

Icahn Could Have Big-Time Allies in Yahoo! (YHOO) Proxy Fight

Thu, 15 May 2008 20:29:00 GMT

Yahoo! (YHOO: sentiment, chart, options) CEO Jerry Yang has to be squirming in his executive chair this afternoon...(Read More)

RIM's (RIMM) Blackberry Thunder Could be a Real iPhone Killer

Thu, 15 May 2008 19:24:00 GMT

If you were like me, you weren't as impressed as the rest of the market with Research In Motion's (RIMM: sentiment, chart, options) new Blackberry Bold...(Read More)

Steak ?n Shake: Shares Shakin' on Weak Earnings

Thu, 15 May 2008 18:32:00 GMT

Steak N Shake's (SNS: sentiment, chart, options) shares plunged today after news of its disappointing second-quarter results...(Read More)

Toyota Motor Rides High on Prius Sales Landmark

Thu, 15 May 2008 17:35:00 GMT

Toyota Motor (TM: sentiment, chart, options) shares are 2% higher today, with the company reporting a milestone for its hybrid Prius vehicles...(Read More)

Tiffany & Co. Gains After Raising Its Dividend, First-Quarter Guidance

Thu, 15 May 2008 16:46:00 GMT

Tiffany & Co. (TIF: sentiment, chart, options) is nearly 5% higher at midday after the luxury retailer bumped up its quarterly dividend and its fiscal first-quarter earnings guidance...(Read More)

Salary.com Freefalls on Fourth-Quarter Loss, Multiple Downgrades

Thu, 15 May 2008 16:28:00 GMT

Salary.com (SLRY: sentiment, chart, options) this morning reported fourth-quarter earnings that could fairly be dubbed as "ill-received." The company swallowed a loss of %241.2 million, or 9 cents per share, while revenue totaled %249.3 million...(Read More)

A Starbucks Boycott? Over a Logo?

Thu, 15 May 2008 15:22:00 GMT

Really, I swear, I am not addicted to covering Starbucks (SBUX: sentiment, chart, options) ... the company just keeps making news that I like to share...(Read More)

Blockbuster (BBI) Reports Block-Busting Earnings

Thu, 15 May 2008 14:56:00 GMT

SchaeffersResearch.com PollHow do you rent movies? Blockbuster Hollywood Video Netflix On Demand Other I don't Movie mogul Blockbuster (BBI: sentiment, chart, options) took its turn in the earnings spotlight today...(Read More)

Bernanke Suggests Financials Remain Pro-Active in Capital-Raising Efforts

Thu, 15 May 2008 14:37:00 GMT

Two days after Federal Reserve Chairman Ben Bernanke opined that "conditions in financial markets are still far from normal," the Fed Chief got chatty once again...(Read More)

Icahn Confirms Plans to Duke It Out with Yahoo! (YHOO) Board

Thu, 15 May 2008 14:08:00 GMT

After speculation that Carl Icahn may launch a proxy fight to replace Yahoo!'s (YHOO: sentiment, chart, options) current board of directors, the Street finally has an answer...(Read More)

New York Manufacturing Activity Declines, Initial Jobless Claims and Price of Gasoline on the Rise

Thu, 15 May 2008 13:19:00 GMT

A wave of economic data hit the Street this morning, beginning with the New York Federal Reserve Bank's Empire State Manufacturing Index for May...(Read More)

Solar Stocks Get a TAN; Claymore/MAC Global Solar Energy Index ETF Soars

Wed, 14 May 2008 20:30:00 GMT

It was an excellent day for solar stocks. With Evergreen Solar (ESLR) receiving an upgrade from Jefferies, and ReneSola (SOL) reporting solid quarterly earnings, the sector was on a tear...(Read More)

Yingli Green Energy (YGE) Surges Ahead of First-Quarter Earnings

Wed, 14 May 2008 20:13:00 GMT

Reminiscent of ReneSola's (SOL: sentiment, chart, options) sharp rally ahead of this morning's earnings report, Yingli Green Energy (YGE: sentiment, chart, options) also surged ahead of its own quarterly report...(Read More)

eDiets.com (DIET) Reports Lower-Than-Expected Earnings

Wed, 14 May 2008 18:20:00 GMT

Last night, Internet diet leader eDiets.com (DIET: sentiment, chart, options) reported disappointing first-quarter earnings...(Read More)

Jack in the Box Plummets on Slashed Sales Forecast

Wed, 14 May 2008 16:43:00 GMT

The shares of fast-food chain Jack in the Box (JBX: sentiment, chart, options) are down more than 10% at midday after the company slashed its same-store sales forecast for fiscal 2008...(Read More)

JetBlue Airways Hit with a Fitch Downgrade on Soft Revenue Outlook, High Fuel Costs

Wed, 14 May 2008 16:01:00 GMT

JetBlue Airways (JBLU: sentiment, chart, options) most recently jumped onto my radar with its new "Jetting" ad campaign, which features all kinds of distracting images and bright colors that appeal to my squirrel-like attention span...(Read More)

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Fri, 16 May 2008 22:43:00 GMT

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