Schaeffer's S&P 500 Index Hot Stocks Features Adobe Systems, Darden Restaurants, Cooper Industries, RadioShack, and Carnival.CINCINNATI -- Among the stocks featured in the December 16 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) ), Darden Restaurants Darden Restaurants, Inc. is a multi-brand restaurant operator. The firm owns several casual dining chain store, most notably Red Lobster and Olive Garden. Today, Darden owns and operates more than 1,300 restaurant locations throughout North America and has more than 150,000 (NYSE NYSE See: New York Stock Exchange :DRI See Digital Research. ), Cooper Industries (NYSE:CBE CBE Commander of the Order of the British Empire (a Brit. title) CBE n abbr (= Companion of (the Order of) the British Empire) → tÃtulo de nobleza CBE n abbr (= ), RadioShack (NYSE:RSH (Remote SHell) A Unix command that enables a user to remotely log into a server on the network and pass commands to it. It is similar to the rlogin command, but provides passing of command line arguments to the command interpreter on the server at the same time. ), and Carnival (NYSE:CCL 1. CCL - Coral Common LISP. 2. CCL - Computer Control Language. English-like query language based on COLINGO, for IBM 1401 and IBM 1410. ). 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 Friday, December 16, 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 - 1,270.57) 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 major market indices are backing off their highs of the afternoon, as option expiration is lending a considerable degree of volatility to the Street. While the SPX is also caught in this late Friday downward spiral, the index appears to be holding its own at the 1,270 level. With slightly more than one hour left in the session, 52 percent of the broad market indicator's components are trading in positive territory. Adobe Systems (NASDAQ:ADBE) has surged more than 10 percent higher so far today, after the company reported fourth-quarter net earnings of $156.3 million, or 31 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. . Last year, ADBE earned $113.5 million, or 23 cents per. Pro forma earnings pro forma earnings Income not necessarily calculated in accordance with generally accepted accounting principles. For example, a company might report pro forma earnings that exclude depreciation expense and nonrecurring expenses such as restructuring costs. were 30 cents per share for the quarter. Revenue rose to $510.4 million for the quarter from $429.5 million last year. Analysts were expecting a profit of 29 cents per share on revenue of $507 million. Continuing with the earnings theme, Darden Restaurants (NYSE:DRI) reported net earnings for the second quarter of $55.1 million, or 35 cents per share, compared with $43 million, or 26 cents per share, in the same period last year. Revenue arrived at $1.325 billion. The Street was expecting earnings of 31 cents per share on revenue of $1.33 billion. Shares of DRI have surged on the news, adding nearly 12 percent so far today. Cooper Industries (NYSE:CBE) rounds out our outperformers for today. Earlier, CBE announced that it has reached a tentative agreement in the Federal-Mogul bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party . Terms of the agreement remain subject to court approval and are expected to be disclosed early Monday. CBE has hit a new annual high on the news, and was last up more than four percent. Diving into the depths of the underperformers, we find that RadioShack (NYSE:RSH) has shed more than six percent after the company warned that it is unlikely to achieve its 2005 earnings guidance of $2.14 to $2.24 per share. RSH reiterated its previous free cash flow guidance of $80 million to $100 million for 2005. "The management team is working on ways to transform the core RadioShack business and improve profitability," said David Edmondson, president and chief executive officer. Teradyne (TER Third version. See bis. ) has shed more than four percent so far during the regular session of trading after a brokerage firm lowered its opinion of the equity. Bright and early this morning, Citigroup downgraded TER to "hold" from "buy," sending the shares plunging below their 10-day and 20-day moving averages, which the stock has not closed below since November 9. Finally, shares of Carnival (NYSE:CCL) are sinking after the company reported fourth-quarter net income of $353 million, or 43 cents per share. Revenue rose 14 percent to $2.57 billion. Looking forward, CCL sees 2006 earnings between $3 and $3.10 per share, with first-quarter earnings between 34 cents and 36 cents. Analysts were expecting earnings of 41 cents in the fourth quarter and $3.14 for 2006. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=14814 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=14814 . 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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