Schaeffer's S&P 500 Index Hot Stocks Features Intel, NVIDIA, Advanced Micro Devices, Fifth Third Bancorp and Apple Computer.CINCINNATI -- Among the stocks featured in the December 3 edition of Schaeffer's S&P 500 Index Hot Stocks are Intel (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 :INTC INTC Intel (NASDAQ symbol) INTC Intercept INTC Interrupt Controller ), NVIDIA (NASDAQ:NVDA NVDA NVIDIA Corp (stock symbol) NVDA Non-Violent Direct Action (direct resistance lobbying) NVDA NonVisual Desktop Access (open-source screen reader) ), Advanced Micro Devices (NYSE NYSE See: New York Stock Exchange :AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ), Fifth Third Bancorp (NASDAQ:FITB FITB Fill In The Blank FITB Future Income Tax Benefit FITB Fédération Internationale de Tchoukball (International Tchoukball Federation) ), and Apple Computer (NASDAQ:AAPL AAPL Apple Computer, Inc. (stock symbol) AAPL American Association of Professional Landmen AAPL American Academy of Psychiatry and the Law AAPL Advance Audiovisual Presentation Limited AAPL Advocates for Arkansas Public Libraries ). 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 Friday, December 3, 2004: 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 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 - 1190.26) 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. Soaring to the top of the hot stocks list is semiconductor behemoth behemoth (bē`hĭmŏth, bĭhē`–) [Heb.,=plural of beast], large, fanciful primeval monster, like Leviathan, evoking the hippopotamus mentioned in the Book of Job. Intel (NASDAQ: INTC). The company has gained nearly six percent today after last night's announcement concerning its fourth-quarter earnings forecast. INTC boosted its revenue target for the quarter from a range of $8.6 billion to $9.2 billion to a range of $9.3 billion to $9.5 billion. Analysts were calling for revenue of $8.97 billion for the quarter, a 2.6-percent increase over last year's fourth-quarter revenue. The firm attributes this strong forecast to increased demand for its Intel Architecture line. NVIDIA (NASDAQ: NVDA) has jumped nearly four percent today, thanks to an analyst upgrade. Pacific Growth upped NVDA to "overweight" from "equal weight." The brokerage cited that indications of strength in the personal computer market will provide the company with a more positive "macro picture." Digging deeper down the list of upward movers, we have Advanced Micro Devices (NYSE: AMD). AMD is enjoying the backlash of INTC's favorable fourth-quarter earnings forecast. AMD has advanced nearly 2.5 percent by riding INTC's coattails coat·tail n. 1. The loose back part of a coat that hangs below the waist. 2. coattails The skirts of a formal or dress coat. Idiom: on the coattails of 1. . Dropping to the bottom of the hot stocks list is Fifth Third Bancorp (NASDAQ: FITB). Yesterday, FITB announced that it expects $80 million in pre-tax losses in the fourth quarter. These charges stem from selling nearly $6.5 billion in securities, representing 20 percent of its securities portfolio. Additionally, the company announced that it will lose another $260 million (pre-tax) from retiring $3 billion in long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. . FITB added that this will hurt its fourth-quarter earnings. The company now expects earnings for the quarter to fall between 28 and 30 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . Analysts had expected the company to see a profit of 82 cents per share for the quarter. How the mighty have fallen, after enjoying several days in the green section of our chart, Apple Computer (NASDAQ: AAPL) now finds itself one rung from the bottom of our list. Needham & Co. downgraded AAPL to "hold" from "buy" today, citing the stock's valuation. According to Needham, their valuation model on AAPL tags the company with a fair price of $70 per share. This model takes into account the "halo effect halo effect The beneficial effect of a physician or other health care provider on a Pt during a medical encounter, regardless of the therapy or procedure provided. See Hawthorne effect, Placebo effect, Physician invincibility syndrome. " of AAPL's iPod music player on the company's Macintosh sales. AAPL flirted with the $70 level at the end of November and has been retreating since. The company has now moved below its 10-day moving average which had acted as support for a majority of the past three months. Click the following link to see a Chart of the SPX 500 Index's Top 20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=11916 Click the following link to see a Chart of the SPX 500 Index's Top 20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=11916 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=PRSHS1M&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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