Schaeffer's S&P 500 Index Hot Stocks Features Adobe Systems, Tektronix, Southwest Airlines, Advanced Micro Devices, and Dana.

CINCINNATI -- Among the stocks featured in the September 16 edition of Schaeffer's S&P 500 Index Hot Stocks are Adobe Systems (NASDAQ:ADBE), Tektronix (NSYE:TEK), Southwest Airlines (NYSE:LUV), Advanced Micro Devices (NYSE:AMD), and Dana (NYSE:DCN). 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 16, 2005:

A daily feature available on SchaeffersResearch.com is the "SPX 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 - 1,233.78) 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.

Crude oil futures have continued to tumble in today's session, giving up more than two percent and fallen beneath $63 per barrel on the New York Mercantile, while gasoline futures retreated more than 10 cents per gallon. U.S. equities are enjoying their view from above the breakeven mark, tacking on modest gains despite economic reports revealing a wider-than-expected trade deficit and an unexpected pullback in consumer sentiment measures from the University of Michigan. With about 90 minutes left in the trading day, 60 percent of the SPX's members are in positive territory. On both the New York Stock Exchange and the Nasdaq Exchange, advancers are outpacing decliners by a slight margin.

Graphic software concern Adobe Systems (NASDAQ:ADBE) visited the earnings confessional last night, announcing a third-quarter profit of $144.9 million, or 29 cents per share. This was an eight-cent improvement over year-ago results and topped analysts' consensus forecast by two pennies per share. Revenue surged 21 percent in the reporting period to $487 million. Looking ahead to the future, ADBE expects fourth-quarter earnings in line with Wall Street expectations of 27 cents per share. In the previous fourth-quarter period, ADBE banked per-share earnings of 23 cents. ADBE shares are leading the "Hot Stocks" list today, rising nearly nine percent on high volume. The stock has edged above its 20-week moving average, above which the security has not managed a weekly close since June 3.

Next on the Hot-Stocks scene is Tektronix (NYSE:TEK), a manufacturer of testing equipment for the technology market. Thursday evening, the firm announced first-quarter earnings of $14.1 million, or 17 cents per share, compared to 43 cents collected in the previous. Pro-forma earnings totaled 25 cents, or two cents better than analysts' estimates. For the second quarter, TEK officials target earnings of 25 to 29 cents per share on revenue of $240 million to $250 million. The stock has rallied more than five percent today, reclaiming control of its 10-month moving average and continuing an uptrend that began in mid-May.

The Street has given some "LUV" to Southwest Airlines (NYSE:LUV) today, which has rallied almost five percent today amid foundering oil prices and recent bankruptcy declarations from its competitors. In a show of good business, an executive with the discount carrier told reporters today that the company expects continued competition from Delta Air Lines and Northwest Airlines, despite their financial predicaments.

Ohio-based insurance company Progressive (PGR) said its net income dropped 43 percent in August to $56.8 million, in part due to losses from Hurricane Katrina, while the amount of net premiums earned grew by six percent. Additionally, the company said it wrote $1.09 worth of premiums in August, keeping pace with the year-earlier period. These results may have been better than expectations heading into the report, as the stock has managed a 3.5-percent gain in today's action.

Advanced Micro Devices (NYSE:AMD) is bringing up the rear today, down nearly five percent, which has dropped the stock below its 10-day moving average. Analysts are crediting this pullback to Credit Suisse First Boston's (CSFB) upgrade of AMD's chief rival, Intel (INTC). The brokerage lifted its rating on the Pentium parent to "neutral" from "underperform," and a positive on one chip maker is sometimes interpreted as a negative on its competition. A Legg Mason analyst also opined that AMD could feel some selling pressure as it is trading near its four-year high.

After finishing almost 23 percent lower at a new annual nadir last night, Dana (NYSE:DCN) shares were greeted this morning with a pair of downgrades. CSFB cut its rating on the shares to "underperform" from "neutral," while J.P. Morgan issued a downgrade to "underweight" from "neutral." Adding insult to injury, Moody's announced plans to review the stock for potential downgrade. The stock has declined again today, dropping more than four percent and notching a new 52-week low.

Without any notable news to shake the sector, homebuilders are gathering in the cellar today. Pulte Homes (PHM) is down more than four percent, D.H. Horton (DHI) has sloughed off 3.7 percent, and Centex (CTX) is lower by more than three percent. The PHLX Housing Sector Index (HGX - 537.43) is lower by nearly two percent and is one of the worst-performing sector indices of the day.

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=14151 .

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=14151 .

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 .