Schaeffer's S&P 500 Index Hot Stocks Features Tenet Healthcare, Andrew, ADC Telecommunications, Kohl's, and Analog Devices

Business Wire, August 11, 2006

CINCINNATI -- Among the stocks featured in the August 11 edition of Schaeffer's S&P 500 Index Hot Stocks are Tenet Healthcare (NYSE:THC), Andrew (NASDAQ:ANDW), ADC Telecommunications (NASDAQ:ADCT), Kohl's (NYSE:KSS), and Analog Devices (NYSE: ADI). Schaeffer's S&P 500 Index Hot Stocks is just one of the many free market commentaries written every day 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=PRSHS13M&PAGE=1 .

Schaeffer's S&P 500 Index Hot Stocks for Friday, August 11, 2006: PMC-Sierra Manages to Ride Above Fed's Red Tide

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 - 1,271.42) 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 PMC-Sierra.

NOTE: Stocks trading under $5 per share have been eliminated from this listing of the top-20 and bottom-20 performing stocks.

Economic data is ruling the roost today, sending the major market indices dipping into the red as many investors are seeing a modest cause for concern. Retail sales figures rose in July (aided by strong results in the automobile and gasoline segments), but business inventories are moving higher as well, which hints at an economic slowdown. The nation's economists are now forecasting U.S. gross domestic product growth at an annual rate of 2.8 percent for the third quarter. This is the first time the forecast has been below 3.0 percent since November 2005. As a result, the SPX has dipped 0.56 percent on the session, with only 22 percent of its components in positive territory.

Tenet Healthcare (NYSE:THC) is receiving a bit of follow-through today after the company reported solid earnings on Thursday. In fact, the shares are topping the SPX hot list for a second session in a row today, gaining more than four percent to add to yesterday's advance of 13.38 percent. However, the stock appears to be stalling at long-term resistance at the seven level.

In another story that is rolling over from yesterday, ADC Telecommunications (NASDAQ:ADCT) is second on the list again today, while Andrew (NASDAQ:ANDW) is languishing in the red for the second session in a row. Apparently CommScope (CVT) has decided not to pursue its proposal to acquire ANDW. The firm had placed an offer that topped ADCT's bid for ANDW on Monday. While ADCT appears to be benefiting from the fallout, ANDW finds itself without a bidder, leaving the shares without a leg to stand on. ADCT was last up nearly four percent, while ANDW has plunged another six percent today.

In earnings news, Kohl's (NYSE:KSS) reported that second-quarter earnings surged 24 percent to $232.4 million, or 69 cents per share. KSS also lifted its full-year earnings forecast to a range of $3.04 to $3.14 per share. For the third quarter, the discount retailer expects earnings of 53 cents to 56 cents per share. KSS was last seen higher by more than three percent.

Rounding things out with earnings news, Analog Devices (NYSE:ADI) has fallen more than 16 percent so far today after the company posted third-quarter earnings of $144.7 million, or 39 cents per share. The company also noted that its fourth-quarter sales will be about even with the previous quarter. The news was ill received, and the fallout has affected ADI competitor National Semiconductor (NSM), which has itself dropped nearly eight percent on the news.

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=17118 .

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=17118 .

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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 .