Schaeffer's S&P 500 Index Hot Stocks Features Andarko Petroleum, St. Jude Medical, Sun Microsystems, Bank of New York, and Applied Materials.CINCINNATI -- Among the stocks featured in the April 10 edition of Schaeffer's S&P 500 Index Hot Stocks are Andarko Petroleum (NYSE NYSE See: New York Stock Exchange :APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ), St. Jude Medical St. Jude Medical, Inc. NYSE: STJ is a $2.9 billion global cardiovascular device company, with headquarters in St. Paul, Minnesota, United States. The company sells products in more than 100 countries and has over 20 operations and manufacturing facilities worldwide. (NYSE:STJ STJ Superior Tribunal de Justica (Brazil) STJ Supremo Tribunal de Justiça (Portugal) STJ Superconducting Tunnel Junction STJ San Giljan (postal locality, Malta) ), Sun Microsystems (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ), Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. (NYSE:BK), and Applied Materials (NASDAQ:AMAT AMAT Applied Materials (stock symbol) AMAT Average Memory Access Time AMAT Automatic Message Accounting Transmitter AMAT Anti-Materiel (bomb or mine) AMAT Ageing Management Assessment Team ). 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, April 10, 2006: Oil Stocks Surge Higher A daily feature available on SchaeffersResearch.com is the "SPX (Sequenced Packet EXchange) The transport layer protocol in the NetWare operating system. Similar to the TCP layer in TCP/IP, it ensures that the entire message arrives intact. SPX uses NetWare's IPX as its delivery mechanism. 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 - 1,296.09) 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. Despite some major mixed action on the Street today, the SPX has managed to eke out a place in positive territory. At last check, the broad-market indicator was up just shy of one point as it struggles to hold short-term support at the 1,295 level. Heading into the final half hour of today's session, just 45 percent of the SPX's 500 members were in positive territory. You may have noticed the plethora of oil-related stocks in today's list of outperforming equities. The reason for this is that crude has once again topped the $68 level due to concerns that the U.S. might attack Iran's nuclear-research facilities. Iran is the world's fourth-largest producer of crude oil. With this backdrop, securities like Baker Hughes (BHI BHI Baker Hughes Incorporated BHI Brain Heart Infusion (agar) BHI Better Hearing Institute BHI British Horological Institute (UK) BHI Boots Healthcare International BHI Branch If Higher ), Andarko Petroleum (NYSE:APC), and Rowan Companies (RDC) are all having a stellar session to start the week. Furthermore, the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. finally launched the first exchange-traded fund (ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). ) that allows U.S. investors to put money directly on the price of crude oil. The United States Oil United States Oil (Ticker USO) is an exchange-traded fund (ETF) that tracks various oil investments. Fund (USO) is structured as a commodity pool and managed by Victoria Bay Asset Management. Shares of USO are currently down 25 cents at $68.00 after more than 3.7 million shares changed hands. St. Jude Medical (NYSE:STJ) is the first non-oil stock to make the list with any kind of meaningful news. Earlier today, STJ announced that the Food and Drug Administration has granted approval for its Riata ST lead, a thin implantable defibrillator lead. The new lead will be launched in the U.S. on April 17. On the news, STJ has added nearly 2.5 percent. With no further news for the advancing stocks, mainly because they are all oil-related securities, we turn our attention to the decliners. Leading this list in the news department is Sun Microsystems (NASDAQ:SUNW). On Friday, SUNW announced that it cut 200 jobs from its scalable systems group (SSG), the division responsible for servers that run on its Sparc chip architecture. Despite the cuts, SUNW still intends on expanding its Sparc hardware and software development. Despite a bit of a rally on Friday, SUNW has pulled back approximately 2.5 percent so far today. Probably our most interesting member of the lists today is Bank of New York (NYSE:BK). Late last week, BK announced that it will sell its retail and middle market banking business to J.P. Morgan Chase (JPM), while buying JPM's trust business. There were some rather positive comments about the deal in favor of BK from USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. analysts today, but the shares are still off more than five percent on the news. Our final stock of the day has made the list due to a downgrade from aforementioned brokerage firm USB. Earlier today, USB downgraded several technology stocks, and lowered Applied Materials (NASDAQ:AMAT) to "neutral" from "buy." Naturally, AMAT has not responded nicely to the news, dropping more than two percent. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=15762 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=15762 . Take advantage of the timely Schaeffer commentaries by signing up for their free e-newsletters -- Opening View, Market Recap and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day. http://www.schaeffersresearch.com/redirect.aspx?CODE=PRSHS12M&PAGE=1 . 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 . |
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