Schaeffer's S&P 500 Index Hot Stocks Features Southwest Airlines, E*Trade Financial, Charles Schwab, Bank of New York, and Yahoo!CINCINNATI -- Among the stocks featured in the July 19 edition of Schaeffer's S&P 500 Index Hot Stocks are Southwest Airlines This article is about the American airline. For the former Japanese airline, see Japan Transocean Air. For the British airline, see Air Southwest. Southwest Airlines Co. (NYSE NYSE See: New York Stock Exchange :LUV LUV Light Utility Vehicle LUV Love LUV Southwest Airlines (NYSE stock symbol) LUV Linux Users of Victoria LUV Love Ur Voice (band) LUV Luxury Utility Vehicle ), E*Trade Financial (NYSE:ET), Charles Schwab Charles Schwab can refer to:
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 :SCHW SCHW Silver Chitin Handwraps (Everquest gaming) ), Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. (NYSE:BK), and Yahoo! (NASDAQ:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ). 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=PRSHS12M&PAGE=1 . Schaeffer's S&P 500 Index Hot Stocks for Wednesday, July 19, 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 - 1,260.35) 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 Southwest Airlines. NOTE: Stocks trading under $5 per share have been eliminated from this listing of the top-20 and bottom-20 performing stocks. It's a very good day on Wall Street as investors grab bargains. The SPX was up 1.90 percent at last check, chasing the 2.07-percent advance on the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. (DJIA DJIA See Dow Jones Industrial Averager (DJIA). ). An impressive 468 of the 500 components of the SPX were ahead. Southwest Airlines (NYSE:LUV) leads the way into the winner's circle win·ner's circle n. pl. winners' circles An enclosed area at a racetrack where the winning horse and jockey are brought for awards and publicity. Noun 1. today at the SPX. The company reported second-quarter 2006 net income of $333 million, or 40 cents per diluted share, compared to $144 million for second quarter 2005, or 18 cents per diluted share. The consensus analyst estimate was for earnings of 26 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. . LUV also said that it sees third-quarter fuel costs rising above $1.42 a gallon from 95 cents last year. The Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July reports that the company "is roughly 70% hedged for the rest of 2006 for oil at $36 a barrel." When we grabbed our figures, LUV was ahead more than eight percent. E*Trade Financial (NYSE:ET) announced that it will offer new automated trading strategies to customers. The market evidently likes the sound of such offerings as Contingent, One- Cancels-All, One-Triggers-All and One-Triggers-One-Cancels-Other orders, because the stock gapped higher on the open, and was ahead more than seven percent when we grabbed our figures. ET had spent five days trading below its 10-day and 20-day trendlines, but today it is back above them. Let's watch to see if they hold as support. Another broker, Charles Schwab (NASDAQ:SCHW) made strong gains this morning. When we grabbed our figures, the stock was up more than five percent. Yesterday morning, SCHW announced that its second-quarter net income was $251 million. In comparison, the company reported net income of $243 million for the first quarter of 2006 and net income of $186 million for the second quarter of 2005. There's no fresh news today that I've seen, but the broad-market advance, coupled with yesterday's earnings news, has been enough to carry the stock above its 10-day moving average. The next milestone would be a break back above its 10-month trendline, which is just below the 16 level. Merrill Lynch reiterated Bank of New York (NYSE:BK) at "buy" and says it's looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the price to hit $39 in 12 months. This morning, the company reported second-quarter net income of $448 million and diluted earnings of 59 cents per share, compared with net income of $398 million and diluted earnings of 52 cents per share in the second quarter of 2005. The stock's 10-day and 20-day moving averages were about to head into a bearish cross, but the stock's gap higher this morning abruptly gave the 10-day trendline a positive gradient once again. Interestingly, the stock managed to jump back above its 20-week moving average. It hasn't closed a week above that one since early May. 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. Yahoo! (NASDAQ:YHOO) reported that second-quarter profit fell sharply to $164.3 million, or 11 cents per share, from $754.7 million, or 51 cents per share, last year. Excluding stock option expenses and one-time charges, net income rose to $237 million, or 16 cents per share, missing expectations by a penny. Sales rose 26 percent to $1.58 billion from $1.25 billion last year. Excluding payments to other web sites, sales rose 28 percent to $1.12 billion, but still lagged the Street's estimate for sales of $1.14 billion. YHOO gapped lower this morning and, at last check, the stock was down almost 20 percent after dropping close to the 25 level. Despite the disappointing second-quarter results, Wall Street might regard YHOO as cheap at $25. However, I'm concerned that the 10-month moving average has rolled over and appears to be offering resistance in the 34 region. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=16448 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=16448 . 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=PRSHS12M&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 . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion