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Semiconductor industry

Market Insights from Schaeffer's Market Blog on March 9, 2005

Strategic Insights

— 1 min read

Cincinnati -based investment research firm Schaeffer's Market Blog featured Intel, Xilinx, Eastman Chemical, Crompton, and Great Lakes Chemical as notable stocks in their March 9, 2005, edition. Schaeffer's Market Blog, written by the firm's financial analysts and traders, provides quick insights into the day's most notable market activity from an options perspective.

Key Takeaways:

  • JP Morgan predicts that Intel (NASDAQ:INTC) will raise its revenue guidance in its mid-quarter update, citing a longer-than-normal 14-week quarter and healthy demand for INTC's laptop chips.
  • Xilinx (NASDAQ:XLNX) raised its fourth-quarter guidance last evening, expecting sales to rise by five to eight percent.
  • Eastman Chemical (NYSE:EMN) increased its first-quarter outlook, citing fundamental and technical strength, despite skepticism in the equity's sentiment backdrop.
  • Crompton (NYSE:CK) announced plans to acquire Great Lakes Chemical (NYSE:GLK) for $1.8 billion in stock, with both stocks trading higher today.
  • Chemical sector's relative strength has surged higher since mid-2004, with stocks such as Eastman Chemical and Crompton showing significant gains.

Statistics:

  • JP Morgan predicts Intel's revenue guidance to move to $9.0-$9.4 billion.
  • Xilinx (NASDAQ:XLNX) expects fourth-quarter sales to rise by five to eight percent.
  • Eastman Chemical (NYSE:EMN) shows an impressive score of 8.0 on the Equity Scorecard, with 1.0 being the worst possible score and 10 being the best possible score.
  • Crompton (NYSE:CK) is rated a 7.0 on the Schaeffer's Equity Scorecard.
  • Great Lakes Chemical (NYSE:GLK) is rated a 6.0 on the Schaeffer's Equity Scorecard.
  • The CBOE S&P Chemicals Index (CEX) has surged higher again today, tacking on more than 1.1 percent.

Sources:

  • Schaeffer's Market Blog, March 9, 2005
  • Reuters consensus estimate for Intel's revenue guidance
  • JP Morgan's prediction on Intel's revenue guidance
  • Xilinx's fourth-quarter guidance update
  • Eastman Chemical's first-quarter outlook
  • Crompton's plan to acquire Great Lakes Chemical
  • Schaeffer's Equity Scorecard ratings
  • CBOE S&P Chemicals Index (CEX)
  • Forbes and Barron's recognition of Schaeffer's website as a leading information source for stock and options traders

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