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Market Insights from Schaeffer's Market Blog, March 9, 2006

Strategic Insights

— 1 min read

In the latest edition of Schaeffer's Market Blog, featured stocks include Continental Airlines, XM Satellite Radio, First Marblehead, Microsoft, and General Motors. 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. This article highlights key takeaways and statistics from the blog's coverage of these stocks on March 9, 2006.

Key Takeaways:

  • Continental Airlines (NYSE:CAL) has a Schaeffer's Equity Scorecard rating of 7.0 out of 10, indicating an "extreme" stock.
  • XM Satellite Radio (NASDAQ:XMSR) has a rating of 2.0 out of 10, also indicating an "extreme" stock.
  • First Marblehead (NYSE:FMD) has seen a nearly 30 percent increase in stock price this month, breaking out of a consolidation pattern around its 10-day moving average.
  • Short interest on First Marblehead is extremely high, with nearly 50 percent of the stock's float sold short as of last month's short interest report.
  • Microsoft (NASDAQ:MSFT) has been the target of call activity, with options players loading up on calls, resulting in a call/put open interest ratio of 0.32.
  • General Motors (NYSE:GM) has seen a nearly 5 percent increase in stock price due to news of a potential cost-cutting deal with Delphi, and is on the verge of breaking through its 50-day and 80-day moving averages.

Statistics:

  • Continental Airlines (NYSE:CAL) Schaeffer's Equity Scorecard rating: 7.0 out of 10.
  • XM Satellite Radio (NASDAQ:XMSR) Schaeffer's Equity Scorecard rating: 2.0 out of 10.
  • First Marblehead (NYSE:FMD) stock price increase: nearly 30 percent this month.
  • First Marblehead short interest: nearly 50 percent of the stock's float sold short as of last month's short interest report.
  • Microsoft (NASDAQ:MSFT) call/put open interest ratio: 0.32.
  • General Motors (NYSE:GM) stock price increase: nearly 5 percent.
  • General Motors (NYSE:GM) moving averages: above the 20-day moving average, verge of breaking through the 50-day and 80-day moving averages.

Sources:

  • Schaeffer's Market Blog, March 9, 2006
  • www.SchaeffersResearch.com
  • Forbes
  • Barron's
  • The Wall Street Journal

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