Schaeffer's S&P 500 Index Hot Stocks Features Micron Technology, Interpublic Group, National Semiconductor, AutoZone, and Huntington Bancshares.CINCINNATI -- Among the stocks featured in the September 30 edition of Schaeffer's S&P 500 Index Hot Stocks are Micron Technology (NYSE NYSE See: New York Stock Exchange :MU), Interpublic Group (NYSE:IPG IPG Implantable pulse generator, see there ), National Semiconductor (NYSE:NSM (Network and System Management) Running and controlling the networks and computer systems in an enterprise. See network management. ), AutoZone (NYSE:AZO), and Huntington Bancshares (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 :HBAN HBAN High Capacity Channel Billing Account Number ). 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, September 30, 2005: 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 - 1,229.19) 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 has edged 0.12 percent higher this afternoon. The index has spent most of the session sticking close to the break-even level, but has resumed its rally in late-day trading. At last check, roughly 60 percent of the 500 components were in positive territory. Micron Technology (NYSE:MU) comes in at the top of the heap, with a gain of almost 10 percent. Last night, the chip company reported fiscal fourth-quarter earnings of $43.1 million, or seven 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. , compared with $93.5 million, or 14 cents per share, a year ago. Sales for the three-month period rose to $1.23 billion from $1.19 billion last year. The Street has forecast a loss of eight cents per share on sales of $1.17 billion. Before the open this morning, The Interpublic Group (NYSE:IPG) released results for 2004 and the first two quarters of 2005 after a restatement. The firm posted a loss of $139.4 million, or 33 cents a share for the first half of the year, compared to a restated $182 million, or 44 cents per share, the previous year. In addition, the firm restated its results from 2000 through to the nine months ending September 30 2004 after a review disclosed material weakness in internal controls. The restatement reduced earnings at September 30, 2004 by $514 million and cut shareholder's equity by $550 million at the same point. What's more, both Moody's and Standard & Poor's cut their ratings on the company's debt. In other news, National Semiconductor (NYSE:NSM) announced this morning that its board approved a 50-percent quarterly dividend increase to three cents per share. The dividend will be payable on January 9 to shareholders as of December 19. On the downside On the Downside is an EP by the San Diego, California band Counterfit, released by Alphabet Records in 2000. It was the band's first EP, recorded shortly after the members had relocated to San Diego from Fairfield County, Connecticut. , AutoZone (NYSE:AZO) reported that CFO See Chief Financial Officer. Michael Archbold has left for Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New Enterprises. This announcement comes about six months after former 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. Steve Odland departed. Merrill Lynch (MER mer Among the Cheremi and Udmurt peoples of Russia, a sacred grove where people of several villages gathered periodically to hold religious festivals and sacrifice animals to nature gods. ) slapped a string of regional banks with downgrades today. Huntington Bancshares (NASDAQ:HBAN), AmSouth Bancorporation (ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ), and TD Banknorth (BNK) were cut from "neutral" to "sell." According to the brokerage firm, the banks' net interest margins will be under pressure due to the flattening yield curve, which "has persisted for longer than we anticipated." With ASO and HBAN, MER says their stock prices have been supported by acquisition chatter, but given the challenging rate environment, takeover chances probably don't justify current valuations. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=14264 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=14264 . 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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