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Schaeffer's S&P 500 Index Hot Stocks Features Tenet Healthcare, Apple Computer, St. Jude Medical, Dow Jones, and Bausch & Lomb.

CINCINNATI -- Among the stocks featured in the April 5 edition of Schaeffer's S&P 500 Index Hot Stocks are Tenet Healthcare (NYSE:THC), Apple Computer (NASDAQ:AAPL), St. Jude Medical (NYSE:STJ), Dow Jones (NYSE:DJ), and Bausch & Lomb (NYSE:BOL). Schaeffer's S&P 500 Index Hot Stocks is just one of the many free market commentaries written every day at - 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. .

Schaeffer's S&P 500 Index Hot Stocks for Wednesday, April 5, 2006: Boot Camp Good News for Apple (AAPL)

A daily feature available on 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 - 1,302.82) 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 major averages remain perched modestly higher as we barrel toward the close, but the SPX and the Nasdaq Composite (COMP) have managed to post new multi-year highs, despite the relatively meager magnitude of today's gains. Roughly three-fifths of the 500 SPX components are enjoying the view from positive territory. The market's rally has transpired despite rising oil futures, which have spiked up amid a larger-than-expected pullback in gasoline supplies over the past week.

After appearing on the south side of our hot-stocks report on Tuesday, Tenet Healthcare (NYSE:THC) has worked its way back into the market's good graces. The shares have rallied more than 14 percent, sprinting to their highest level since mid-October on heavy volume. THC is back in the news after a federal judge in San Diego declared a second mistrial in a criminal case against one of the company's facilities. U.S. Attorney Carol C. Lam has accused THC's Alvarado Hospital Medical Center, along with its former chief executive officer, of violating the federal anti-kickback statute by offering up bribes in exchange for patient referrals. Meanwhile, Prudential upgraded its rating on the equity to "overweight" from "neutral weight" and boosted its earnings estimates and price target for the firm.

Apple Computer (NASDAQ:AAPL) is near the top of the charts after unveiling Boot Camp, a software program that allows the Mac computers run by Intel (INTC) processors to utilize Microsoft's (MSFT) Windows XP operating system. This change provides AAPL with potential access to a broader market on both the consumer and corporate side. The stock has rallied more than eight percent as a result, reversing much of the past week's declines. Both MSFT and INTC are fractionally higher. Boot Camp is currently available for download as a public beta version that will be licensed for use on a trial basis for a limited time.

PMC-Sierra (PMCS) has agreed to acquire privately held Passave for $300 million in stock. While an acquiring company tends to pull back on news of a buyout, PMCS shares are pulling higher, up more than 6.5 percent. The acquisition is being reported as a chance for broadband growth, especially in the FITH (fiber-to-the-home) market. FITH is technology that provides broadband services to private residences for Internet, voice, and video purposes. Analysts with Merrill Lynch and Goldman Sachs were both quick to endorse the deal.

Genuine Parts (GPC) is rallying on the heels of a brokerage upgrade. J.P. Morgan upped its rating on the stock to "overweight" from "neutral," citing building confidence of per-share earnings growth in 2006 and 2007. The firm's analysts noted that this earnings growth will be driven by pricing strength and the continuation of a share-buyback program.

Today's news is not all fun, games, and Boot Camp, however, so let's move to the underperformers. St. Jude Medical (NYSE:STJ) has swallowed a loss of more than 12 percent today after lowering its earnings outlook for the first quarter. STJ officials now expect per-share results of 35 to 36 cents, falling short of Street expectations for 39 cents per share. Revenue is projected at $799 million to $839 million, surrounding analysts' consensus target of $828 million. The reduction was attributed, in large part, to a greater-than-expected slowdown implantable cardiovascular defibrillators. The security's decline, which has transpired on heavy volume, has brought the stock within striking distance of a new annual low.

Dow Jones (NYSE:DJ) was felled by the brokerage sword today. This morning, Merrill Lynch downgraded the shares to "sell" from "neutral," citing slowing momentum in advertising revenue. The brokerage firm noted "DJ's high valuation could previously be supported by strong revenue momentum, but we are concerned that the ad revenue ... momentum may not be as robust as expected and could slow, especially when we cycle against the September 2005 launch of the Weekend Edition."

Elsewhere, Bausch & Lomb (NYSE:BOL) is continuing to trend lower following a downgrade from Bear Stearns this morning. The brokerage lowered its rating to "peer perform" from "outperform" citing a "myriad of factors," including accounting issues, concerns about organic sales growth, and a simple lack of catalysts to spur future momentum. The stock was down more than three percent and had registered a new low when we grabbed our figures.

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: .

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: .

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. .

About Schaeffer's Investment Research (

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, , 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: .
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 5, 2006
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