Schaeffer's S&P 500 Index Hot Stocks Features Adobe Systems, General Motors, Symantec, Comverse Technologies, and Tellabs.

CINCINNATI -- Among the stocks featured in the June 12 edition of Schaeffer's S&P 500 Index Hot Stocks are Adobe Systems (NASDAQ:ADBE), General Motors (NYSE:GM), Symantec (NASDAQ:SYMC), Comverse Technologies (NASDAQ:CMVT), and Tellabs (NASDAQ:TLAB). Schaeffer's S&P 500 Index Hot Stocks is just one of the many free market commentaries written every day at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. 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=PRSHS12M&PAGE=1

Schaeffer's S&P 500 Index Hot Stocks for Monday, June 12, 2006:

A daily feature available on SchaeffersResearch.com is the "SPX Hot Stocks" column. Each afternoon, we will provide a list of the day's top-20 performing stocks in the S&P 500 Index (SPX - 1,243.15) as well as the bottom-20 names. Featured along with this table will be news that is moving some of the securities.

NOTE: Stocks trading under $5 per share have been eliminated from this listing of the top-20 and bottom-20 performing stocks.

Inflation and interest-rate concerns sent the major market indices into a tailspin shortly after midday. While the SPX never solidly traded in positive territory on the day, this afternoon's losses have placed the broad-market indicator in danger of erasing all of its gains for 2006. What's more, with only 22 percent of the 500 SPX components in positive territory, a rebound before the close is looking rather unlikely.

With a gain of nearly five percent on the session, Adobe Systems (NASDAQ:ADBE) is the leading outperformer on the SPX so far today. The software firm was lifted today to "outperform" from "neutral" at Cowen & Co. Additionally, the equity seems to be staging a rally heading into the company's earnings report on Thursday.

The Detroit darling General Motors (NYSE:GM) arrives at a close second on today's movers list, advancing nearly three percent so far. Shares of the automotive giant entered rally mode after Delphi stated that is has reached an agreement with the United Auto Workers and GM that expands existing retirement incentives and establishes a buyout program.

PC antivirus guru Symantec (NASDAQ:SYMC) fills out our list of advancers. The stock is up nearly two percent after SYMC said it would offer $2 billion of convertible senior notes to institutions. However, the shares appear to be capped by their declining 20-day moving average, which has held the equity in check since May 2006.

Joining the rest of the market in decline mode today, Comverse Technologies (NASDAQ:CMVT) has plunged more than 12 percent on a poor first-quarter earnings performance. For the period, CMVT reported sales of $373.5 million, and said it won't be able to file its Form 10-Q for the April quarter before a deadline due to its ongoing review of past stock option grants.

Finally, Tellabs (NASDAQ:TLAB) has dropped more than 11 percent after Deutsche Bank lowed the stock to "hold" from "buy." The brokerage firm stated that TLAB's current business momentum sets the bar very high for the second half of 2006.

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=16209

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=16209

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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.