Schaeffer's S&P 500 Index Hot Stocks Features General Motors, Ford Motor, Navistar International, Advanced Micro Devices, and Adobe Systems.

CINCINNATI -- Among the stocks featured in the June 10 edition of Schaeffer's S&P 500 Index Hot Stocks are General Motors (NYSE:GM), Ford Motor (NYSE:F), Navistar International (NYSE:NAV), Advanced Micro Devices (NYSE:AMD), and Adobe Systems (NASDAQ:ADBE). 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, June 10, 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 - 1,194.89) 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.

Stocks have slipped a bit today, thanks in part to a retreat led by technology stocks. The SPX has not been immune from the losses, dropping 0.46 percent. As I write, only 30 percent of the stocks listed on the SPX have been able to fight their way into positive territory.

Leading the way on the SPX is embattled automaker, General Motors (NYSE:GM). The company's nearly eight percent jump was precipitated by news that the local United Auto Workers (UAW) representatives have given their national leadership the okay to discuss healthcare issues with GM. The automaker and the UAW are not scheduled to begin formal contract negotiations until 2007, but the officials met yesterday and agreed to approach the healthcare cost issues, hoping to take some of the burden off GM. Healthcare costs are one of the reasons that GM had to announce 25,000-worth of job cuts from its payroll and are seen as one of the major factors behind GM's losses. The last time GM saw today's heights was March 4.

The second spot on the SPX today is occupied by Ford Motor (NYSE:F), which is rallying in conjunction with GM. GM's main rival has been able to hitch its trailer to its opponent and gain slightly less than four percent.

Earlier this morning, Navistar International (NYSE:NAV) reported second-quarter earnings of 70 cents per share, one-cent shy of the Street's expectations. The heavy-duty truck producer then elevated its 2005 earnings expectations to $4.80 to $5.10 per share. Not wanting to hit the brakes, NAV also forecast third-quarter earnings of 75 to 85 cents per share. This news helped NAV accelerate 3.60 percent higher and into the third spot on the SPX.

Glancing to the bottom of the index, we find semiconductor concern, Advanced Micro Devices (NYSE:AMD). Despite telling analysts that its "future never looked brighter," AMD has lost more than five percent today as investors vacated their AMD stock. I hope the future is bright enough to light AMD's way out of the index's basement.

Slightly back from AMD is software provider, Adobe Systems (NASDAQ:ADBE). Next week, ADBE is set to report second-quarter earnings. The Street expects the company to report earnings of 27 cents per share, topping last year's 22-cent-per-share earnings. What's more, the consensus expects ADBE to report revenue of $491 million. Unfortunately, Lehman Brothers announced that it sees ADBE reporting revenue of $490 million. The brokerage also believes that investors will focus on the pending acquisition of Macromedia (MACR). These statements have worried investors and sent ADBE lower by more than five percent.

The final stock near the bottom of the SPX to discuss is VERITAS Software (VRTS). Apparently, a proxy advisory gave the proposed merger between VRTS and Symantec (SYMC) the thumbs down, stating that the deal offers "limited benefits at great costs." The firm (Glass, Lewis), said that shareholders should vote to reject the $13.5-billion merger when it comes up for a vote on June 24. VRTS has lost more than three percent today, while SYMC has lost slightly less than three percent.

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=13382 .

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=13382 .

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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 .