Schaeffer's S&P 500 Index Hot Stocks Features General Motors, Cooper Tire & Rubber, Autodesk, Patterson, GAP.CINCINNATI Cincinnati (sĭnsənăt`ē, –năt`ə), city (1990 pop. 364,040), seat of Hamilton co., extreme SW Ohio, on the Ohio River opposite Newport and Covington, Ky.; inc. as a city 1819. -- Among the stocks featured in the November 18 edition of Schaeffer's S&P 500 Index Hot Stocks are General Motors (NYSE NYSE See: New York Stock Exchange :GM), Cooper Tire & Rubber (NYSE:CTB CTB Council Tax Benefit (UK) CTB Coopération Technique Belge (French: Belgian Technical Cooperation) CTB Commonwealth Transportation Board (Virginia Department of Transportation) ), Autodesk (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 :ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ), Patterson (NASDAQ:PDCO PDCO Property Disposal Control Officer ), GAP (NYSE:GPS). 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=PRSHS11M&PAGE=1 . Schaeffer's S&P 500 Index Hot Stocks for Friday, November 18, 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 - 1,233.90) 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. U.S. stocks tried to makes gains early today but bull power soon ran out, and now the three major indices are just slightly ahead. About 51 percent of the S&P 500 components are gaining ground, and the SPX has moved 0.12 percent higher on the day. Shares in Ford Motor (F), General Motors (NYSE:GM), and Visteon (VC) were all gaining ground today, and the only news that caught my eye was the latest Wards report. "To date," the report mentions, "calendar 2005 U.S. vehicle output totals an estimated 10,865,163 units, up 0.2 percent compared to the 10,843,997 vehicles built in like-2004." Between them, F and GM still have a slice of that pie that amounts to almost 50 percent. "Of the cars and trucks slated for production this week in the U.S., General Motors Corp. accounted for 24.3 percent; Ford Motor Co., 23.5 percent..." Cooper Tire & Rubber (NYSE:CTB) was also hot today, perhaps buoyed by the gains from Detroit, but also popular after yesterday's short but sweet press release in which the gripping company announced "a quarterly dividend of 10.5 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. on common stock, payable December 30, 2005, to stockholders of record at the close of business December 2, 2005. This will mark the 135th consecutive quarterly dividend paid by Cooper Tire & Rubber Company." Turning to our tumbling trio of transgressors, stock in Autodesk (NASDAQ:ADSK) is sharply down after the company issued a cautious outlook for fiscal 2007. The company has enjoyed strong growth during the past two years, but this announcement gave the Street cause for pause. Oppenheimer downgraded the stock to "neutral" from "buy." Patterson (NASDAQ:PDCO) stock also fell after the company revealed that it expects to miss its second-quarter profit outlook. The company expects revenues of approximately $641 million and earnings of 32 cents per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share for the second quarter, compared to the previous guidance of 35 to 37 cents per diluted share. PDCO reported second-quarter earnings of $42.5 million or 31 cents per diluted share, and lowered its fiscal 2006 earnings guidance as a result of weaker-than-forecasted sales growth for basic dental equipment. And finally... GAP (NYSE:GPS) yesterday announced that fashion miscues along with a drop in sales caused third-quarter earnings to slip to 24 cents per share. The company also announced that total sales declined by three percent, while same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. dropped seven percent. GPS also lowered its full-year earnings forecast down to a range of $1.12 to $1.17 per share from its earlier projection of $1.30 to $1.34 per share. This negative news caused the shares to slump Slump A temporary fall in performance, often describing consistently falling security prices for several weeks or months. more than eight percent when the market opened. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=14637 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=14637 . 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=PRSHS11M&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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