Schaeffer's S&P 500 Index Hot Stocks Features Ford Motor, General Motors, Compuware, National Semiconductor, and KB Homes.CINCINNATI -- Among the stocks featured in the August 23 edition of Schaeffer's S&P 500 Index Hot Stocks are Ford Motor (NYSE NYSE See: New York Stock Exchange :F), General Motors (NYSE:GM), Compuware (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 :CPWR CPWR Center to Protect Workers' Rights (now Center for Construction Research and Training) CPWR Council for a Parliament of the World's Religions CPWR Coupled Plasma-Waveguide Resonance ), National Semiconductor (NYSE:NSM (Network and System Management) Running and controlling the networks and computer systems in an enterprise. See network management. ), and KB Homes (NYSE:KBH KBH København (Danish: Copenhagen) KBH Katonai Biztonsági Hivatal (Military Security Office, Hungary; since 1989) KBH Kicked By Horse KBH Ka'anpali Beach Hotel (Maui, HI) ). 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=PRSHS13M&PAGE=1 . Schaeffer's S&P 500 Index Hot Stocks for Wednesday, August 23, 2006: 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 - 1,290.71) as well as the bottom-20 names. Featured along with this table will be news that is moving some of the securities, including a look at Ford. NOTE: Stocks trading under $5 per share have been eliminated from this listing of the top-20 and bottom-20 performing stocks. Although the price of crude has lost more than a dollar per barrel, the major indexes are focusing on weaker-than-expected housing data. One analyst noted that the weak numbers "upset the goldilocks gold·i·locks pl.n. (used with a sing. or pl. verb) A European plant (Aster linosyris) having narrow sessile leaves and dense corymbs of small, bright yellow, discoid flower heads. theory." A goldilocks economy Goldilocks Economy A term referring to the U.S. economy of the mid- to late-1990s. It was "not too hot, not too cold, but just right." Notes: Everything in the goldilocks economy is fine until the three bears (or bear market) come home for their porridge! is one where there is enough growth to sustain corporate profits and keep unemployment levels low, but not so low that it sparks inflation. The housing report suggests that the Fed may have upped interest rates to a point that has cut off inflation and stopped growth, which hints at a recession. Another analyst suggested that the market may be a bit worried about reports that Iran may have made a nuclear breakthrough. Nonetheless, the SPX is lower as we head into the final hour of trading. Currently 98 of the SPX is in negative territory. After yesterday's closing bell, Compuware (NASDAQ:CPWR) announced that it authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the buyback Buyback The buying back of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may of an additional $300 million of its common shares. This news was applauded by the Street to a tune of a 5.3-percent gain, landing CPWR squarely square·ly adv. 1. Mathematics At right angles: sawed the beam squarely. 2. In a square shape. 3. on the top spot of the SPX this afternoon. In the second spot on the SPX this afternoon is Ford (NYSE:F). The head of the company, Bill Ford Jr., called Carlos Ghosn, the chief executive of Renault and Nissan. The reason for the call was to express interest in joining the Renault-Nissan alliance if the ongoing talks with General Motors (NYSE:GM) do not work out. The Wall Street Journal reported that Ghosn said talks must conclude with GM before exploring the issue. This news was enough to send F more than five percent higher today. Late yesterday, National Semiconductor (NYSE:NSM) lowered its quarterly sales target thanks to lower shipments. NSM stated that its fiscal first-quarter sales would come in six percent lower than the prior quarter, far more than the original two-to-three-percent decline. As a result of this news, several brokerages cut their target price for NSM. Despite all of this action, the equity has added more than two percent today and lands in the fourth spot on the upwardly mobile stocks. Considering that the major economic news of the day was a disappointing home sales report, it should be no surprise to see a homebuilder occupying the bottom spot on the SPX. KB Home (NYSE:KBH) added a bit of news to help supplement its fall. The Wall Street Journal reported that the company is reviewing the stock option grants given to its CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Bruce Karatz. Reportedly, outside counsel is helping KBH with the probe. Karatz has received nearly $100 million from cashing out may "unusually timed" options, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. regulatory filings that The Journal has reviewed. KBH is nearly five percent lower this afternoon. Fellow homebuilder, Pulte Homes Pulte Homes, Inc (NYSE: PHM) is a Bloomfield Hills, MI based company founded by Bill Pulte. Pulte is the third largest (by units) builder of homes and residential community developers in the United States according to Builder Magazine's"Builder 100", and is the nation's (PHM) is more than three percent lower thanks to the weaker-than-expected housing data, and occupies the third-lowest spot on the SPX. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=17198 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=17198 . 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=PRSHS13M&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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