Schaeffer's S&P 500 Index Hot Stocks Features Dana, Xilinx, General Motors, Jefferson-Pilot, and TJX Companies.CINCINNATI -- Among the stocks featured in the October 10 edition of Schaeffer's S&P 500 Index Hot Stocks are Dana (NYSE NYSE See: New York Stock Exchange :DCN DCN Document Control Number DCN DLA (Defense Logistics Agency) Corporate Network DCN Disconnect DCN Direction des Constructions Navales (France) DCN Declaration Control Number DCN Data Communication Network ), Xilinx (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 :XLNX), General Motors (NYSE:GM), Jefferson-Pilot (NYSE:JP), and TJX Companies The TJX Companies, Incorporated (NYSE: TJX), is the largest international apparel and home fashions off-price department store chain, based in Framingham, Massachusetts, in the United States. (NYSE:TJX). 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 Monday, October 10, 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 - 1,187.62) 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. It's a fairly crummy crum·my also crumb·y adj. crum·mi·er also crumb·i·er, crum·mi·est also crumb·i·est Slang 1. Miserable or wretched: a crummy situation in the family. 2. day in the market neighborhood today, with major market averages returning to their losing ways. The Columbus-Day holiday has put a slight damper on the session's volume, technology sectors and automobile issues are dragging the indices lower. At around 2:30 p.m. Eastern Time, only about 20 percent of the SPX's 500 components were higher on the day. The index itself was off 0.69 percent and preparing, possibly, for its first daily close beneath the 1,190 mark since May 20. Delphi Corporation (DPH DPH Diploma in Public Health. DPH abbr. 1. Diploma in Public Health 2. Doctor of Public Health 3. Doctor of Public Hygiene ) is certainly bringing up the rear today, down more than 60 percent to a new all-time low after this weekend's declaration of Chapter 11 bankruptcy filing. As the stock is considerably (ahem) below the five-dollar threshold, it doesn't qualify for our "Hot Stocks" tables. But the equity's price will be a moot point moot point n. 1) a legal question which no court has decided, so it is still debatable or unsettled. 2) an issue only of academic interest. (See: moot) as of today's close; Standard & Poor's is replacing it in the SPX with dental-services issue, Patterson Companies (PDCO PDCO Property Disposal Control Officer ) . For more information on DPH, refer to Jocelynn Drake's Option Update (www.schaeffersresearch.com/commentary/observations.aspx?ID=14332) from earlier today. Since the majority of SPX stocks are in the red, let's start with the biggest losers (no, I'm not talking about the oddly poignant weight-loss reality program). Giving DPH a run for its money in terms of losses today is fellow auto-parts retailer Dana (NYSE:DCN) . The company said earlier today that it would restate its financial results for all of 2004 and the first half of 2005 (six quarters' worth of information) because the company failed to properly correct various transactions issues, including customer pricing and deals with commercial-vehicle suppliers. The firm also indefinitely postponed its third-quarter earnings announcement, which had been scheduled for October 19. The stock has given back more than a third of its value today, and has not surprisingly reached a new annual low in the process. Why is the semiconductor market so blue? Chalk it up to Xilinx (NASDAQ:XLNX) , which is down more than 15 percent after lowering its revenue outlook for its second quarter. The logic-chip concern said it expects sales to recoil recoil /re·coil/ (re´koil) a quick pulling back. elastic recoil the ability of a stretched object or organ, such as the bladder, to return to its resting position. between one and two percent from first-quarter levels. Previously, XLNX officials had projected sales growth between breakeven and a four-percent rise. This number puts revenue around $397.3 million to $401.35 million, compared with analysts' expectations of $415.3 million. The company blamed this shortcoming short·com·ing n. A deficiency; a flaw. shortcoming Noun a fault or weakness Noun 1. on lower-than-expected sales for mainstream products, along with other factors. Most stocks in the automotive and auto-parts sectors are dropping in Dropping in is a skateboarding trick with which a skateboarder can start skating a half-pipe by dropping into it from the coping instead of starting from the bottom and pumping gradually for more speed. sympathy with DPH and DCN. Most affected is Goodyear Tire & Rubber (GT) , which has dropped almost nine percent with no news of its own to spur the decline. General Motors (NYSE:GM) has pulled almost eight percent lower itself, and Cooper Tire & Rubber (CTB CTB Council Tax Benefit (UK) CTB Coopération Technique Belge (French: Belgian Technical Cooperation) CTB Commonwealth Transportation Board (Virginia Department of Transportation) ) has given back nearly four percent on the day, notching a new annual low as a result. Moving to the sunny side of the street, insurance company Jefferson Pilot (NYSE:JP) has gained more than six percent to a new 12-month high after announcing merger plans with Lincoln National (LNC LNC Legal Nurse Consultant LNC Libertarian National Committee LNC Low Noise Converter LNC Lloyd Noble Center (University of Oklahoma, Norman campus) LNC Local Node Clock LNC Chief Legalman (Naval Rating) ) . The cash-and-stock deal, worth $7.5 billion, values JP shares at an 11-percent premium over the stock's average close during the past month. The combined firm will enjoy a resultant market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $16 billion, placing it among the top-four life insurance companies in the country, LNC officials noted. Acquiring company LNC is currently lower by about two percent. Prudential boosted TJX Companies (NYSE:TJX) to an "overweight" reading this morning from a "neutral." The brokerage noted that the firm could benefit from a restructuring program, or changes implemented from its new management team. TJX shares have risen more than three percent on the heels of this upgrade. Family Dollar (FDO FDO Feature Data Object FDO Functional Device Object FDO Flight Dynamics Officer FDO Fire Direction Officer FDO Freshman Dean's Office (Harvard University) FDO Flexible Deterrent Options FDO Foreningen Danske Olieberedskabslagre ) , which has issued no news of its own, could be piggy-backing on the kind words tossed the way of its discount-retailing peer. FDO shares have rallied nearly four percent today, overtaking intermediate-term resistance at their 10-week moving average. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=14336 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=14336 . 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 . |
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