Schaeffer's S&P 500 Index Hot Stocks Features Hewlett-Packard, Tenet Healthcare, Network Appliance, Goodyear Tire & Rubber, and Target.

CINCINNATI -- Among the stocks featured in the February 16 edition of Schaeffer's S&P 500 Index Hot Stocks are Hewlett-Packard (NYSE:HPQ), Tenet Healthcare (NYSE:THC), Network Appliance (NASDAQ:NTAP), Goodyear Tire & Rubber (NYSE:GT), and Target (NYSE:TGT). 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=PRSHS12M&PAGE=1.

Schaeffer's S&P 500 Index Hot Stocks for Thursday, February 16, 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 - 1,287.34) 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.

The SPX is slightly higher as we head into the final half hour of trading this afternoon. Earlier today, the Energy Department announced that U.S. natural gas inventories slipped by 102 billion cubic feet for the week of February 10. Despite the apparent short-fall, oil related stocks are still struggling, placing a bit of weight on the market as a whole. At last check, the SPX was up almost six points, with 64 percent of the index's 500 components in positive territory.

Providing some trading fodder for the tech sector, and adding lift to the Dow Jones Industrial Average, Hewlett-Packard (NYSE:HPQ) has surged more than seven percent so far today. The company reported last night that first-quarter earnings were $1.2 billion, or 42 cents per share, on revenue of $22.7 billion. During the same period a year ago, HPQ earned $943 million, or 32 cents per share, on $21.5 billion in revenue. Excluding items, the company posted a profit of $1.4 billion, or 48 cents per share, beating the consensus estimate for 44 cents per share on $22.5 billion in revenue.

Bright and early this morning, Credit Suisse First Boston upgraded its position Tenet Healthcare (NYSE:THC) to "outperform" from "neutral." The brokerage stated that THC could soon resolve its ongoing litigation over alleged illegal physician recruiting at the Alvarado Medical Center. Such a development, Credit Suisse First Boston noted, would pave the way for a settlement with the Department of Justice. On the news, THC jumped more than six percent and joins our outperforming list for the day.

Network Appliance (NASDAQ:NTAP) joined the earnings chorus last night, when the company reported third-quarter net income of $76.4 million, or 20 cents per share. Analysts were expecting a profit of 21 cents. Revenue for the quarter rose to $537 million, compared with $412.7 million last year. Analysts were looking for revenue of $525 million. Looking toward the fourth-quarter, NTAP expects revenue growth of 28 to 30 percent. The Street is looking for fourth-quarter revenue of $574 million. NTAP was last seen up by more than seven percent.

Another earnings participant attempted to burn rubber, but only managed a blowout. Goodyear Tire & Rubber (NYSE:GT) posted a fourth-quarter loss of $51 million, or 29 cents per share, down from last year's profit of $125 million, or 62 cents per share. Sales rose to $4.93 billion from $4.83 billion in the same period a year earlier. The consensus had set its sights on a profit of 18 cents per share for the fourth quarter. Shares of GT have dropped more than six percent on the news.

Finally, Target (NYSE:TGT) missed the mark with investors today after the company said that it expects same-store sales to rise in a range of four to six percent this year. In a call to analysts, TGT did not offer a forecast range on earnings, but said that profit would grow "somewhat faster" than revenue, which will climb at double-digit rates. Despite this seemingly positive report, TGT has shed more than two percent on the day.

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=15337 .

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=15337 .

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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 .