Schaeffer's S&P 500 Index Hot Stocks Features Adobe Systems, CIGNA, Moody's, Ford Motor, Avon Products.CINCINNATI -- Among the stocks featured in the August 2 edition of Schaeffer's S&P 500 Index Hot Stocks are Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. (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 :ADBE ADBE Adobe Systems, Inc. (stock symbol) ), CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) (NYSE NYSE See: New York Stock Exchange :CI), Moody's (NYSE:MCO MCO Managed care organization, see there ), Ford Motor (NYSE:F), Avon Products Avon Products, Inc. NYSE: AVP is a US cosmetics, perfume and toy seller with markets in over 135 countries across the world and sales of $8.1 billion worldwide as of 2005. (NYSE:AVP AVP arginine vasopressin. ). 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, August 2, 2006: Adobe Systems Has the Right Format for earnings 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 - 1,281.65) 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 Adobe Systems and CIGNA. 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 having a good day. At last check, it was up 0.85 percent, with 395 of the 500 components in positive territory. Adobe Systems (NASDAQ:ADBE) leads the way into the SPX winner's circle with a gain of more than 15 percent. Last night, the company reaffirmed its earnings outlook of 25-27 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. (excluding items) on revenue of $580-$610 million. Analysts are currently calling for the firm to post a profit of 26 cents per share on sales of $593 million. The shares have ramped nearly 15 percent higher on the positive news. Jocelynn Drake wrote on the stock in today's edition of Upon Further Review. Insurance giant CIGNA (NYSE:CI) is the second-biggest winner today, up more than 11 percent after the company reported second-quarter results early this morning. Adjusted income from operations rose to $2.31 per share from $1.98 per share. The analyst consensus estimate was for earnings of $1.94 per share and revenue of $4.03 billion. Second-quarter revenue was $4.1 billion, a shade lower than last year. The stock's 20-week moving average seems intent on preventing further advances, a technical impediment that you should look at before pushing cash in CI's direction. Also reporting second-quarter earnings was Moody's (NYSE:MCO), which had revenue of $511.4 million, up 14 percent from the same quarter last year. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. for the quarter was $289.1 million, 14 percent ahead of the year-ago figure, which diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of were 59 cents, up by 26 percent. When we grabbed our figures, MCO was up nine percent, trading above its 20-week moving average for the first time since April. Ford Motor (NYSE:F) is another winner today, up more than four percent. Following weak July sales figures from Detroit's big three automobile firms, F says it will launch a strategic review of underperforming operations, including, I'm sad to report, the Jaguar marquee. The company said it will consider sales of assets or broader alliances with other companies. At last check, the stock was ahead more than five percent at $6.92, pulling its 10-day and 20-day moving averages to the brink of a bullish cross. Finally, 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. , Avon Products (NYSE:AVP) leads the way into the loser's circle, down more than eight percent after an analyst downgrade to "sell" from "hold" from Matrix Research. The recent falls have been precipitous, shaving 19.5 percent off AVP's value since Friday's close, to bring it to the $26 region. However, there's a good chance that Wall Street might look for support at the 25 level, making AVP a stock to watch. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=17045 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=17045 . 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 . |
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