Schaeffer's S&P 500 Index Hot Stocks Features Biogen Idec, Intel, Lennar, Micron Technology, and eBay.CINCINNATI -- Among the stocks featured in the December 8 edition of Schaeffer's S&P 500 Index Hot Stocks are Biogen Idec Biogen Idec, Inc. (NASDAQ: BIIB) is a biotechnology company specializing in drugs for neurological disorders, autoimmune disorders and cancer. The company was formed in 2003 by the merger of Cambridge, Massachusetts-based Biogen and San Diego, California-based Idec (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 :BIIB BIIB Basic Imagery Interpretation Brief ), Intel (NASDAQ:INTC INTC Intel (NASDAQ symbol) INTC Intercept INTC Interrupt Controller ), Lennar (NYSE NYSE See: New York Stock Exchange :LEN (Low Entry Networking) In SNA, peer-to-peer connectivity between adjacent Type 2.1 nodes, such as PCs, workstations and minicomputers. LU 6.2 sessions are supported across LEN connections. ), Micron Technology Micron Technology ("Micron") NYSE: MU is a multinational company based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, and CMOS image sensing chips. (NYSE:MU), and eBay (NASDAQ:EBAY). 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 Thursday, December 8, 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 - 1,254. 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. Before I begin, let me put in a word about a relatively new endeavor here at Schaeffer's that you might not have heard about yet. You can now listen to some of our observations, either on your computer or iPod. U.S. stocks are slipping a little today, but 51 percent of the S&P 500 components are gaining ground, suggesting that the loser are shedding value at a higher rate than the winners are gaining. At this point, the SPX has moved 0.10 percent lower on the day. Going into the afternoon session, Biogen Idec (NASDAQ:BIIB) is the biggest winner on the SPX, and I notice a report that Elan's (ELN Noun 1. ELN - a Marxist terrorist group formed in 1963 by Colombian intellectuals who were inspired by the Cuban Revolution; responsible for a campaign of mass kidnappings and resistance to the government's efforts to stop the drug trade; "ELN kidnappers target ) Chief Executive, Kelly Martin, has signed a new contract with the company. Analysts seem to see this development as a sign of confidence in a return of multiple-sclerosis drug Tysabri, developed jointly by BIIB and ELN. Homebuilder Lennar (NYSE:LEN) was recovering after taking a tumble yesterday thanks to a bearish report on the sector. I notice that LEN's upside was capped at its 80-day moving average, which might be a trendline to watch this week. Other building stocks are rebounding today, including M/I Homes M/I Homes (NYSE: MHO) is a United States homebuilding company based in Columbus, Ohio. Founded in 1973 as M/I Schottenstein Homes, M/I Homes now operates under three brands: M/I Homes, Showcase Homes, and Shamrock Homes. (MHO mho n. pl. mhos A siemens. mho see siemens. ), NVR NVR Never NVR Network Video Recorder NVR Novgorod (Russia) NVR Naval Vessel Register (US Navy) NVR Nene Valley Railway (UK) NVR Non Volatile Residue NVR Non-Volatile RAM Inc. (NVR), Toll Brothers (TOL), and Pulte Homes (PHM). Turning to our tumbling trio of transgressors, Micron Technology (NYSE:MU) took a dip today after Jeffries downgraded the stock to "hold" from "buy." The memory maker, based in Boise, Idaho, has received two downgrades this week, but I notice that the trend is upward, and there's some pretty solid technical support, so this might be one to watch this week. Intel (NASDAQ:INTC) made the news recently when the world's most famous chip shop announced a $1 billion, five-year investment in manufacturing facilities in India. The company also plans a new $3.5 billion factory in Israel to make wafers, the thin layers of silicon substrate upon which the chips are constructed. Today, INTC announced that it will spend $230 million to expand one of the two manufacturing plants that it run in Malaysia. The investment will create 3,000 jobs in the region at a chip assembly and testing operation and chip design and development center in the town of Kulim, in northern Malaysia. INTC's other facility Malasian facility is in Penang. And finally...eBay (NASDAQ:EBAY) was downgraded today to "hold" from "buy." David Edwards, an analyst at American Technology Research explained the downgrade like this. "We believe that the thesis we outlined in our upgrade in May has largely played out and the Skype acquisition and Google competition add risk to the stock." However, 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 reported that he issued a few words of caution. Downgrading a big-name Internet stock Internet stock The equity security of a company engaged primarily in a business associated with the Internet. Also called dot-com. during the fourth quarter is not for the faint of heart, given the sector's seasonal strength. So, if you're bullish on EBAY, today's two-percent dip in the price might be a nice little Christmas bonus. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=14755 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=14755 . 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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