Daily Wrap-up - The Dow Jones Industrial Average Dives 245 Points

Tags: DJIA
8 Jan 5:56am
Posted by SchaeffersResearch
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The trading year suffers its first significant drop as the Dow Jones Industrial Average (DJIA) is hit for 245 points amid downbeat news from Intel Corp (INTC) and Alcoa Inc (AA). At its lows, the Dow was down nearly 300 points but a look to the intraday chart shows a last-minute bout of buying gave the average a small boost. The S&P 500 (SPX), Nasdaq Composite (COMP), and Russell 2000 (RUT) all posted losses of at least 3%. The midday check of the action showed widespread selling and the...
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Exploring the Turnaround Potential for CIENA Corp and Brocade Communications Systems Inc

Tags: BRCD
8 Jan 1:49am
Posted by SchaeffersResearch
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A couple of stocks that caught my eye today are CIENA Corp. (CIEN) and Brocade Communications Systems Inc (BRCD). Both companies showed up on the scan for stocks showing unusually heavy volume and CIENA also appeared on the stocks advancing amid heavy short interest scan. What drew my interest is that both stocks are trying to bounce from downtrends. Charts Courtesy of Thomson Financial These weekly charts give us some quick perspective on what has happened. S...
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Midday Market Check - The Dow Jones Industrial Average Drops 170 Points

Tags: DJIA
8 Jan 12:39am
Posted by SchaeffersResearch
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We are just over two hours into the session but find the Dow Jones Industrial Average (DJIA) already down over 170 points. The S&P 500 (SPX), Nasdaq Composite (COMP), and Russell 2000 (RUT) are also under pressure as each shows a loss of 2%, or more. A look to the sector action shows the selling pressure is fairly widespread. The iShares Treasury Bond (TLT) and AMEX Pharmaceutical Index (DRG) are the only groups holding near breakeven. The rest of the pack is lower with losses beginning ...
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The! Biggest! News! of! the! Day! - Not Intel Corp, Monsanto Co, Family Dollar Stores Inc or AK Steel Holding Corp

Tags: INTC
7 Jan 10:45pm
Posted by SchaeffersResearch
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Here are some of the contenders for today's biggest...news...of...the...day... Job cuts and cost reductions at Alcoa Inc (AA)... An upbeat earnings report from Monsanto Co (MON)... An upbeat earnings report from Family Dollar Stores Inc (FDO)... An upgrade for AK Steel Holding Corp (AKS)... Word that US Airways Group (LCC) expects to post a loss... Downbeat comments about retail sales... A warning from Time Warner Inc (TWX)... A warning from Bank of America (BAC).....
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Option Skews - MBIA Inc, Potash Corp. of Saskatchewan, Las Vegas Sands Corp, Research in Motion Limited, Priceline.com Inc

Tags: MBI
7 Jan 9:43pm
Posted by SchaeffersResearch
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Companies seeing a skew towards puts in the previous session: SPDR Trust Series I (SPY), Wells Fargo & Co (WFC), PowerShares QQQ Trust (QQQQ), Intel Corp. (INTC), Dow Chemical (DOW), Priceline.com Inc (PCLN), Morgan Stanley (MS), Caterpillar (CAT), HSBC, plc. (HBC), Zions Bancorporation (ZION), Brunswick (BC), Altera Corp. (ALTR), Linear Technology (LLTC), V.F. Corp. (VFC), Wynn Resorts Limited (WYNN), NetApp Inc (NTAP), Nike (NKE), Nokia Corp. (NOK), Constellation Energy Group (CEG), Apollo G...
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SchaeffersResearch

Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.

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