Schaeffer's Daily Market Blog Features United Therapeutics, Black Box, Evergreen Solar, Gap, and Tessera Technologies

Business Wire, Feb 2, 2006

CINCINNATI -- Among the stocks featured in the February 2 edition of Schaeffer's Market Blog are United Therapeutics (NASDAQ:UTHR), Black Box (NASDAQ:BBOX), Evergreen Solar (NASDAQ:ESLR), Gap (NYSE:GPS), and Tessera Technologies (NASDAQ:TSRA).

Schaeffer's Market Blog is just one of the many free market commentaries written everyday at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. For additional information about this report or to have it delivered to you free via email every day click on the following link. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB12M&PAGE=1 .

Schaeffer's Market Blog for Thursday, February 2, 2006:

Below are just a few of today's Market Blog entries. Click here to read all of today's Market Blog. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 .

3:38 PM (Yesterday) United Therapeutics Rallies

United Therapeutics (NASDAQ:UTHR) is more than three percent higher today to 66.80. Except for a quick bullish mention on RealMoney.com, there isn't any other news to account for the move. The stock has gained more than four percent in the last two days after falling steadily for most of the last three months. UTHR made a five-year high of 78.74 in early November. However, since that time the stock is down 15 percent. It fell through several key support levels in the 68-70 area a couple of weeks back but is getting some support here from its long-term 10-month moving average. Short interest is significant at almost 13 percent of the stock's float and earnings are coming up in the next three weeks. So any positive news could spur a rally higher. But a bad report could cause UTHR to break support.

9:30 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard

One feature of our Daily Market blog is a set of tables looking at stocks that have achieved new annual highs or lows while posting an "extreme" Schaeffer's Equity Scorecard rating. Among the stocks making the lists today are Black Box (NASDAQ:BBOX) and Evergreen Solar (NASDAQ: ESLR). To see both of the lists, please visit our website.

1:21 PM Gap Up on Good News

Gap (NYSE:GPS) offers casual apparel, accessories, and personal care products under the Gap, Banana Republic, and Old Navy brands. The stock is up about two percent in early afternoon trading after the company issued earnings guidance this morning. GPS said its fiscal year 2005 earnings would be above the consensus view on stronger than expected comps. It issued upside guidance for fiscal 2005, saying it sees earnings of between $1.22 and $1.25 per share. The consensus estimate is $1.15 per share. GPS also said its January same-store sales rose one percent. Analysts had expected the company to report a 3.4-percent decline. GPS was up more than five percent this morning but has had trouble with chart resistance at the 18.50 area. There's quite a bit of optimism on GPS. The Schaeffer's put/call open interest ratio (SOIR) is lower than 87 percent of all SOIR of the past year. Short interest is meager too. It's fallen almost 40 percent in the last four months and stands at a four-year low.

2:18 PM Tessera Tech Strong Despite Disappointing Earnings

I'm having a tough time figuring out why Tessera Technologies (NASDAQ:TSRA) is rallying today. The company missed the consensus estimate by a penny when it reported earnings last night, missed on revenue, and gave an earnings guidance for fiscal 2006 below previous estimates. Expectations for this company seemed high as well given the extremely low put/call ratio, the recent run up in the stock price, and the fact that every analyst covering the shares has a "buy" rating on the equity. The shares gapped lower by about two percent this morning, and have been on the rise ever since. The stock is currently up eight percent from yesterday's close. I'd like to know what's causing the push.

The above are just a few of today's Daily Market Blog entries. Click here to read all of today's Daily Market Blog. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 .

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About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://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. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method .