Schaeffer's S&P 500 Index Hot Stocks Features Agilent Technologies, CA Inc., Barr Pharmaceuticals, Halliburton, and Jones Apparel Group.
Schaeffer's S&P 500 Index Hot Stocks for Tuesday, August 15, 2006:
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 - 1,281.09) as well as the bottom-20 names. Featured along with this table will be news that is moving some of the securities, including a look at Agilent Technologies.
NOTE: Stocks trading under $5 per share have been eliminated from this listing of the top-20 and bottom-20 performing stocks.
The Treasury Department reported this morning that capital flows into the U.S. rose to $75.1 billion in June, as private foreign investors bought more Treasury bonds and notes. Foreign central banks unloaded Treasurys for the second consecutive month, selling $4.4 billion. In June, private investors bought $31.4 billion in Treasury bonds and notes, up from $21.8 billion in May.
The SPX has added 1.02 percent on the session, with 445 of its 500 components in positive territory.
Agilent Technologies (NYSE:A) leads the way into the SPX winner's enclosure today, up more than nine percent at last check after announcing third-quarter results, which emerged yesterday after the closing bell. Earnings rose to $227 million, or 54 cents per share, from $104 million, or 20 cents per share, for the corresponding quarter a year ago. I wrote about the equity in yesterday's edition of Hot Stocks. A has been in a decline since April, but today's move proves that the stock can still pack a punch. As contrarians, we look for signs of pessimism as evidence that money is still waiting on the sidelines. Sure enough, Banc of America Securities reiterated the stock at a rather cautious "neutral" this morning. Definitely one to watch.
The second-strongest stock on the SPX today is CA Inc. (NYSE:CA), up almost seven percent at last check, following an upgrade to "sector perform" from "underperform" by Oregon-based brokerage Pacific Crest Securities. Late yesterday, the company reported first-quarter results, with profit down 64 percent to $35 million, or six cents per share, compared to the year-ago period. The software house said it intends to implement a reduction in force of about 10 percent, or 1,700 jobs.
Barr Pharmaceuticals (NYSE:BRL) is another big winner today, up more than five percent. Late yesterday, the company settled a patent dispute with Shire PLC (SHPGY) concerning BRL's attempts to market generic versions of the Adderall XR hyperactivity drug. This morning, the company reported fourth-quarter results. Earnings came in at $82.3 million, or 76 cents per share, on revenue of $351.7 million. The year-ago figures had earnings of $42.1 million on revenue of $280.5 million.
On the downside, energy stocks continue to give up ground, and the bottom-20 group on the SPX features six examples: Anadarko Petroleum (APC), Amerada Hess (HES), Halliburton (NYSE:HAL), Exxon Mobil (XOM), Devon Energy (DVN), and Nabors Industries (NBR).
However, the biggest loser at last check was Jones Apparel Group (NYSE:JNY), which offers the Anne Klein, Nine West, and Pappagallo brands. The company has been looking to sell but The Wall Street Journal reports that JNY might wind down its auction, which has yet to attract a buyer. Wallflower JNY was down more than three percent at last check despite the widespread gains in the retail sector, which have pushed the AMEX Retail HOLDRS Trust (RTH) almost one percent higher so far today.
Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=17139 .
Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=17139 .
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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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|Date:||Aug 15, 2006|
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