Schaeffer's S&P 500 Index Hot Stocks Features Delta Air Lines, Analog Devices, Electronic Arts, the Goodrich Corporation, and Noble Drilling.

CINCINNATI -- Among the stocks featured in the November 15 edition of Schaeffer's S&P 500 Index Hot Stocks are Delta Air Lines (NYSE:DAL), Analog Devices (NYSE:ADI), Electronic Arts (NASDAQ:ERTS), the Goodrich Corporation (NYSE:GR), and Noble Drilling (NYSE:NE). Schaeffer's S&P 500 Index Hot Stocks 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. 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=PRSHS1M&PAGE=1 .

Schaeffer's S&P 500 Index Hot Stocks for Monday, November 15, 2004:

A daily feature available on SchaeffersResearch.com is the "SPX Hot Stocks" column. Each afternoon immediately prior to the close, we will provide a list of the day's top-20 performing stocks in the S&P 500 Index (SPX - 1183.24) as well as the bottom-20 names. Featured along with this table will be news that is moving some of the shares.

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

Delta Air Lines (NYSE:DAL) has flown to the top of our list today on little more than a drop in crude prices. If you remember, on Friday, DAL sat at the number-two spot on the list after its pilots union accepted a $1-billion pay cut to help the airline stay out of bankruptcy. Momentum from that news combined with the lower crude prices has given DAL enough fuel to gain slightly more than nine percent in today's market action.

Analog Devices (NYSE:ADI) rolled out the "world's first complete chipset from a single supplier for developers of 3G mobile terminals," according to an article on CBS MarketWatch. It is believed that the Chinese government is going to grant licenses for 3G cellular service in the next few months, and cell phone companies have been scrambling to develop technology that will make the designs cost effective. This announcement marks a "milestone" for ADI, according to the article. ADI has gained nearly 4.5 percent in trading today.

Electronic Arts (NASDAQ:ERTS), producer of video games, announced that it has tendered an offer to Swedish game developer, Digital Illusions CE AB, for a yet-to-be-announced price. ERTS had purchased 19 percent of the company's stock and entered into a 15-year distribution agreement, producing Battlefield 1942, Battlefield: The Road to Rome, and Battlefield Vietnam. Shares of ERTS jumped slightly less than four percent after the announcement.

The Goodrich Corporation (NYSE:GR) announced that it expects sales for 2005 to surge ahead and hit $5.0 to $5.1 billion. This marks a number that will come in six-to-eight-percent higher than 2004's expected earnings. This would bring the company to earnings of $1.60 to $1.80 per share, a jump of 20 to 35 percent over 2004's estimates. The consensus estimate for next year's earnings currently stands at $1.80 per share. This news sent GR shares tumbling slightly less than five percent today.

As stated earlier, crude prices have dropped further, slipping beneath $47 per barrel (after falling as low as $45.50 per barrel). This was good news for transportation companies, but not so good for oil producers. One stock drowning in the red is Noble Drilling (NYSE:NE), slipping four percent in trading today. Little more than the drop in crude has fueled NE's fall of nearly four 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=11754

Click the following link to see a Chart of the SPX 500 Index's Top 20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=11754

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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.