Schaeffer's Market Blog Highlights Key Market Developments and Insights

Strategic Insights -

Schaeffer's Market Blog provides timely analysis and commentary on notable market events, offering traders and investors valuable insights into the latest market trends and activity. The February 28 edition of the blog features discussion on AK Steel Holdings (NYSE:AKS), Staples (NASDAQ:SPLS), Intel (NASDAQ:INTC), Cisco Systems (NASDAQ:CSCO), and Newmont Mining (NYSE:NEM), highlighting key challenges and opportunities in these stocks.

Key Takeaways:

  • AK Steel Holdings (NYSE:AKS) faces a strike or lockout deadline, with the current contract for 2,700 hourly employees expiring at midnight, which may have a significant impact on the company's stock price.
  • Staples (NASDAQ:SPLS) reported fourth-quarter earnings of 39 cents per share, beating the consensus estimate, and the shares have hit a new all-time high, indicating a positive direction for the company.
  • Intel (NASDAQ:INTC), Cisco Systems (NASDAQ:CSCO), Oracle (ORCL), and Microsoft (MSFT) are all positive, with these large-cap tech stocks showing resilience in the face of market volatility.
  • Newmont Mining (NYSE:NEM) was downgraded, which has led to a surge in put options, but the price of gold rising over $6 today may provide support for the stock, potentially leading to a rebound.
  • Schaeffer's Market Blog is available through various channels, including email newsletters such as Opening View, Market Recap, and Monday Morning Outlook.

Statistics:

  • 2,700 hourly employees at AK Steel Holdings (NYSE:AKS) face a strike or lockout deadline.
  • Staples (NASDAQ:SPLS) fourth-quarter earnings beat the consensus estimate by 1 cent per share.
  • The price of gold has risen over $6 today, which may impact Newmont Mining (NEM).
  • The shares of Staples (NASDAQ:SPLS) are up over five percent today, hitting a new all-time high.
  • Newmont Mining (NEM) put options have seen nearly two-and-a-half times the average NEM put volume.

Sources:

  • Schaeffer's Market Blog: February 28 edition
  • Associated Press: February 28, 2006
  • Schaeffer's Investment Research: www.SchaeffersResearch.com
  • Forbes: 2005
  • Barron's: 2005