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Semiconductor industry

Market Insights from Schaeffer's Market Blog for May 18, 2006

Strategic Insights

— 1 min read

Stocks like Burger King Holdings, Apple Computer, and Amazon.com were among those discussed in the May 18 edition of Schaeffer's Market Blog. The blog, written by Schaeffer's financial analysts and traders, provides quick insights into the day's most notable market activity from an options perspective. The edition covered various stocks, including Foot Locker and Intel, with commentary on their recent market performance and potential future trends.

Key Takeaways:

  • Burger King Holdings (BKC) priced its Initial Public Offering (IPO) at $17 per share, raising $425 million, and the shares jumped to the 18 level but have since backed off, with potential for a run.
  • Apple Computer (AAPL) opened a new 24-hour Apple Store on Fifth Avenue in New York City, but its stock was down 0.6 percent to $64.86, with support at its 10-month moving average.
  • Amazon.com (AMZN) had a Schaeffer's Equity Scorecard score of 2.0 and was featured in a chart showing NYSE and NASDAQ equities setting new highs and new lows.
  • Foot Locker (FL) reported a first-quarter earnings of 38 cents per share, including a one-cent benefit from an accounting change, but its stock shed more than one percent, with technical concerns due to its 10-week moving average approaching a bearish cross of its 20-week moving average.
  • Intel (INTC) had a put/call ratio falling and put/call volume ratio of 0.26, which could push the ratio lower, despite continued weakness in the shares.
  • The Schaeffer's Market Blog emphasized the importance of Schaeffer's Equity Scorecard feature for providing insights into stocks and the market.

Statistics:

  • Burger King Holdings raised $425 million from its IPO at $17 per share.
  • Apple Computer had a stock price of $64.86, down 0.6 percent.
  • Amazon.com had a Schaeffer's Equity Scorecard score of 2.0.
  • Foot Locker's stock was down more than one percent after reporting earnings, with a 10-week moving average approaching a bearish cross of its 20-week moving average.
  • Intel's put/call ratio fell to 0.26, with a put/call volume ratio of 0.26 pushing it lower.

Sources:

  • [Source 1: Schaeffer's Market Blog, May 18, 2006]
  • [Source 2: Bernie Schaeffer's Option Advisor, Schaeffer's Investment Research website]
  • [Source 3: Forbes and Barron's, cited in Schaeffer's Investment Research website]

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