Schaeffer's S&P 500 Index Hot Stocks Features Merck, Wyeth Laboratories, Compuware, Harley-Davidson and Louisiana-Pacific.CINCINNATI -- Among the stocks featured in the April 13 edition of Schaeffer's S&P 500 Index Hot Stocks are Merck (NYSE NYSE See: New York Stock Exchange :MRK MRK Merck & Company (stock symbol) MRK Mayer-Rokitansky-Kuster (anomaly) MRK Manual Remote Keying ), Wyeth Laboratories (NYSE:WYE), Compuware (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 :CPWR CPWR Center to Protect Workers' Rights (now Center for Construction Research and Training) CPWR Council for a Parliament of the World's Religions CPWR Coupled Plasma-Waveguide Resonance ), Harley-Davidson (NYSE:HDI HDI Human Development Index (UNDP yardstick of human welfare) HDI Help Desk Institute HDI Humpty Dumpty Institute (New York, New York) HDI High Density Interconnect ) and Louisiana-Pacific (NYSE:LPX LPX Louisiana Pacific (stock symbol) LPX Leipzig Power Exchange LPX Low Profile Extended LPX Long-Pulse Experiment LPX Low Profile Extension ). 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 Wednesday, April 13, 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 - 1,175.79) 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. The indexes are falling. At last check, the SPX was down 12 points and only 11 percent of the index's components had managed to prop themselves higher on the day. The Merck (NYSE: MRK) pharmaceutical giant had gained four percent by early afternoon after forecasting first-quarter earnings of 62 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. . Thomson First Call's consensus was 56 cents per share. MRK reaffirmed its fiscal 2005 earnings outlook, expecting per-share results to fall between $2.42 and $2.52. MRK said the forecasts do not reflect the establishment of any reserves for potential liability related to the Vioxx litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . Merck said the guidance doesn't include potential reserves for Vioxx litigation, potential changes in stock-option accounting, or one-time items related to repatriation Repatriation The process of converting a foreign currency into the currency of one's own country. Notes: If you are American, converting British Pounds back to U.S. dollars is an example of repatriation. of international earnings. Autoparts maker Visteon (VC) added some green to the screen today, bouncing back to Monday's levels after 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. response to Ford Motor's (F) profit warning. There now appears to be support at the five level. News of falling oil prices is perhaps keeping the sector safe for the time being. Remarkably, 50 now looks to be a support level for oil futures for May delivery. The pharmas have not had an easy time of late, after recent, heavily publicized product withdrawals. But Wyeth Laboratories (NYSE: WYE) is a big winner in the S&P Index today, buoyed higher by news of strong sales of its anti-inflammatory drug Enbrel, its vaccine Prevnar, and its antidepressant antidepressant, any of a wide range of drugs used to treat psychic depression. They are given to elevate mood, counter suicidal thoughts, and increase the effectiveness of psychotherapy. Effexor. WYE has been in somewhat of an uptrend uptrend A series of price increases in a security or in the general market. Some investors believe a security tends to take on a certain inertia; as a result, these investors search for stock in an uptrend, thinking that it will probably continue to move in since early February, and might be a stock to watch. The stock enjoys strong support at its 10-day trendline. Compuware (NASDAQ: CPWR) fell dramatically today. The Michigan-based software sage announced that it expects to report fourth-quarter earnings of six to eight cents per share on revenue of about $316 million. Analysts had been hoping for 13 cents per share, roughly double CPWR's prediction. The stock had been under resistance from its descending 10-week moving average. Now it is testing the support of the 10-month moving average. Harley-Davidson (NYSE: HDI) reported first-quarter earnings of $227.2 million, or 77 cents per share, a penny better than the consensus estimate. But the company also slashed its 2005 earnings guidance and said that it may not reach its goal of 400,000 units for 2007. In response, HDI was the biggest loser, down almost 17 percent at the time we compiled our figures. And finally... The intriguingly named, Nashville-based Louisiana-Pacific (NYSE: LPX) was cut by Prudential to "neutral" from "overweight" today, and the stock lost more than four percent of its value at last check, with historical support at the 22 level propping up the price. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company's Website: "LP is a premier supplier of commodity and specialty building products serving retail, wholesale, homebuilding, and industrial markets." The firm enjoyed significant gains from 2002 to 2004 but has trended sideways for the past 12 months. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=12923 Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=12923 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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