Schaeffer's S&P 500 Index Hot Stocks Features Circuit City, Navistar, Comcast Communications, Molex, and Deere & Co.CINCINNATI -- Among the stocks featured in the February 15 edition of Schaeffer's S&P 500 Index Hot Stocks Circuit City (NYSE NYSE See: New York Stock Exchange :CC), Navistar (NYSE:NAV See navigation system and navigation bar. ), Comcast Communications (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 :CMCSA), Molex (NASDAQ:MOLXE), and Deere & Co. (NYSE:DE). 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 Tuesday, February 15, 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 immediately prior to the close, we will provide a list of the day's top-20 performing stocks in the S&P 500 Index (SPX - 1,210.26) as well as the bottom-20 names. Featured along with this table will be news that is moving some of the shares. NOTE: Stocks trading under $5 per share have been eliminated from this listing of the top-20 and bottom-20 performing stocks. The hot stocks chart has been dominated today by consumer electronics chain, Circuit City (NYSE:CC). The company announced this morning that it had been offered an unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. from Highfields Capital Management, a shareholder since 2003. The offer from the hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" is valued at $3.25 billion. Highfield is offering $17 per share, 20 percent more than the equity's closing price on Monday. In an article on MarketWatch, Highfields noted that it wants to take CC private, eliminating what Highfield sees as "uniquely damaging" transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. . CC has gained more than 17.5 percent so far today. Navistar (NYSE:NAV) rests in the second spot on the hot-stocks list after posting delayed fourth-quarter results. The bus, truck, and engine maker motored ahead by more than four percent in trading after posting a fourth-quarter profit of $2.20 per share ($159 million). A year earlier, NAV trucked to earnings of 49 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. . Not only did this year's numbers beat last year's, it topped the consensus estimate for earnings of $1.86 per share. In December, NAV forecast fourth-quarter earnings of $1.88 per share ($148 million). This was followed with an announcement in January that the company would miss the deadline for its 2004 report. NAV added that it would need to restate re·state tr.v. re·stat·ed, re·stat·ing, re·states To state again or in a new form. See Synonyms at repeat. re·state results for the first three quarters of 2004 and for all of 2003 and 2002. Comcast Communications (NASDAQ:CMCSA) has moved higher thanks to a move by Warren Buffett's Berkshire Hathaway Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. that doubled its holdings in the cable operator. In a fourth-quarter filing with the Securities and Exchange Commission, it was reported that Berkshire Berkshire (bärk`shĭr, –shər, bûrk`–) or Berks (bärks, bûrks), former county, S central England. raised its stake to 10 million shares from five million shares in the third quarter. The Philadelphia-based communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. gained more than three percent in trading today thanks to the news. Illinois-based Molex (NASDAQ:MOLXE) finds itself resting at the bottom of the hot-stocks chart after losing more than 10 percent thus far today. The electronic components concern forecast earnings of 27 cents per share on revenue of $651.8 million for the second quarter. The consensus estimate for the company's second-quarter earnings is 30 cents per share. For the third quarter, the company expects to earn 21 to 24 cents per share on revenue of $630 million to $640 million. Looking to the fourth quarter, MOLXE expects sales and profit to increase above its third-quarter estimate. Added in the report was a correction of its first-quarter results thanks to an accounting error. In the first quarter, the firm saw earnings of 28 cents per share, or $72.2 million. Deere & Co. (NYSE:DE) announced first-quarter earnings today that jumped more than 30 percent, however the firm's 2005 sales outlook has disappointed the Street. DE has lost more than four percent to find itself in the second-to-last spot on the list. For the first quarter, DE announced earnings of 89 cents per share, matching the Street's estimate. However, the titan of tractors expects sales for 2005 to increase six to eight percent. Such a sales increase will result in net income of $1.5 billion, roughly $6 per share, close to (but still below) the consensus estimate for $6.02 per share. Click the following link to see a Chart of the SPX 500 Index's Top 20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=12525 Click the following link to see a Chart of the SPX 500 Index's Top 20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=12525 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 Contrarian An investment style that goes against prevailing market trends by buys assets that are performing poorly and selling when they perform well. Notes: A contrarian investor believes that the people who say the market is going up do so only when they are fully 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 Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. 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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