Schaeffer's S&P 500 Index Hot Stocks Features RadioShack, Humana, eBay, Symbol Technologies, and Archer-Daniels-Midland.CINCINNATI, Ohio -- Among the stocks featured in the August 1 edition of Schaeffer's S&P 500 Index Hot Stocks are RadioShack (NYSE NYSE See: New York Stock Exchange :RSH (Remote SHell) A Unix command that enables a user to remotely log into a server on the network and pass commands to it. It is similar to the rlogin command, but provides passing of command line arguments to the command interpreter on the server at the same time. ), Humana (NYSE:HUM), eBay (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 :EBAY), Symbol Technologies (NYSE:SBL SBL Society of Biblical Literature SBL Symbol Technologies, Inc. (NYSE symbol) SBL Spamhaus Block List SBL Space-Based Laser SBL Securities Borrowing and Lending SBL Supreme Beings of Leisure (band) ), and Archer-Daniels-Midland (NYSE:ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. ). 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, August 1, 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 - 1,237.56) 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. With about an hour left in the trading day, the SPX has inched higher by 0.27 percent. Slightly more than half of the index's components (55 percent) have muscled into positive territory. Former employer of Desperate Housewife Teri Hatcher, RadioShack (NYSE:RSH), isn't feeling too desperate today as it enjoys a 14-percent jump on heavy volume. The stock has notched its highest reading since its mid-March plunge, and is well on its way to filling the bear gap created when the firm fell short of second-quarter earnings expectations. Spurring the stock's rally today was news that the electronics retailer signed a 10-year contract with Cingular Wireless and an 11-year deal with Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. (FON Fon People of southern Benin and adjacent parts of Togo. They speak a dialect of Gbe, a Kwa language of the Niger-Congo language family. Numbering about 3 million, the Fon are mainly farmers. ) . Under the terms, RSH will offer the companies' various wireless products. In related news, RSH plans to stop selling Verizon Communications (VZ) wireless goods at the end of 2005. For good measure, RSH also reaffirmed its full-year earnings-per-share estimate of $1.80 to $1.90 per share. Humana (NYSE:HUM) is in second place this afternoon after a positive turn in the earnings confessional. The insurance firm banked $84.1 million, or 51 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. , in the second quarter, matching Wall Street's consensus forecast. Better-than-expected growth in Medicare membership was largely credited for this increase in profit. For the future, HUM officials expect 2005 revenue of $14.5 billion, resulting in earnings per share of $2.23 to $2.25, compared to analysts' expectations of $2.12 per share. Earnings for 2006 are targeted at $2.80 per share, well above Wall Street's per-share expectations of $2.49. eBay (NASDAQ:EBAY) is rallying solidly thanks to an upgrade from Smith Barney. Ahead of this morning's opening bell, the brokerage boosted its rating on the auctioneering pioneer to a "buy" from a "hold." The brokerage also mentioned recent reports from Google (GOOG) affirming that the Internet newbie A first-time user. A newbie may be a novice in anything; using a computer, a video game, a particular operating system, the Internet, etc. Also called a "newb," "noob" or "nub." (jargon) newbie has no current plans to develop a product to rival eBay's PayPal technology. Today's nearly five-percent boost in EBAY has ushered it beyond its 10-month and 20-month moving averages, which were nearing a bearish crossover. EBAY has not managed a monthly close atop this pair of long-term trendlines since December. CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group (CIT) is also the beneficiary of some good news from Wall Street today. Early this morning, CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company initiated coverage on the financial-services concern with a "sector outperformer" designation. CIBC expressed confidence in the firm's new CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and expects improved revenue growth from the firm. The brokerage set a 12-to-18 month price target of $53, almost 16 percent above current levels. A management shake-up and lackluster earnings results have sent Symbol Technologies (NYSE:SBL) lower by more than 13 percent this Monday. It hit newswires early this morning that William Nuti, President and CEO of SBL, resigned to take the head post at NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers (NCR). NCR isn't taking the news in stride either, as it is among the broader-market laggards itself today. Adding insult to injury at SBL, the firm reported a second-quarter earnings loss of 12 cents per share, mirroring last year's 12-cent gain for the same time frame, and falling short of Wall Street's expectations of two pennies per share. Excluding various items, however, the firm did manage to match analysts' consensus view. Revenue was down 1.2 percent during the quarter to $427.8 million. Archer-Daniels-Midland (NYSE:ADM) is smarting from a downgrade by CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank . The brokerage lowered its rating to "neutral" from "outperform," citing price appreciation, little action on share buyback plans, and concern over a price dip in ethanol. The stock is trading more than five percent lower. Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=13769 . Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=13769 . 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 . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion