Schaeffer's S&P 500 Index Hot Stocks Features PMC-Sierra, eBay, Google, Campbell Soup, and Bristol-Myers Squibb

Business Wire, August 8, 2006

CINCINNATI -- Among the stocks featured in the August 8 edition of Schaeffer's S&P 500 Index Hot Stocks are PMC-Sierra (NASDAQ:PMCS), eBay (NASDAQ:EBAY), Google (NASDAQ:GOOG), Campbell Soup (NYSE:CPB), and Bristol-Myers Squibb (NYSE:BMY). 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 Tuesday, August 8, 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 - 1,271.71) 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.

The market breathed a sigh of relief following the latest decision from the Federal Open Market Committee. At 2:15 p.m. Eastern time, Federal Reserve Chief Ben Bernanke stated that the central bank would pause in its tightening cycle, marking the first such pause in 18 meetings (dating back to June 2004). The accompanying statement was little changed, noting that inflationary pressures are likely to "moderate" over time. However, it seems that many have finally realized that if rates are pausing, then the economy could be in some kind of trouble. As such, the SPX, which quickly tagged an intraday high on the news, is now poised to close the day at its nadir. Furthermore, only 33 percent of its components are in positive territory.

PMC-Sierra (NASDAQ:PMCS) is leading the advancers today, and was last seen higher by more than four percent. The company posted a second-quarter loss of $31.3 million, or 15 cents per share. Revenue jumped to $118.8 million from $71.5 million a year ago. Excluding items, PMCS would have earned $19.4 million, or nine cents per share, matching the consensus estimate.

Shares of Internet auctioneer eBay (NASDAQ:EBAY) rose more than four percent today after shares of Internet companies were led higher by a Google (NASDAQ:GOOG) deal. The search giant won a $900 million deal to provide search and advertising for social networking site MySpace, owned by News Corp.

Finally on the up side, Campbell Soup (NYSE:CPB) was last seen higher by more than two percent after Premier Foods Plc said first-half profit rose 83.6 percent to 20.6 million pounds. Revenue from continuing operations climbed 18 percent to 430.5 million pounds at Premier. Remember that earlier this month, Premier Foods agreed to buy CPB's U.K. operations.

Leading the declining contingent today is Bristol-Myers Squibb (NYSE:BMY). The company stated that it expects a generic version of its anti-stroke drug Plavix to be delivered to customers shortly by Apotex. BMY noted that loss of market exclusivity for Plavix, which generated worldwide sales of $5.9 billion in 2005, and generic competition would impact its sales of the drug, results of operations, and cash flows. Shares of BMY have plunged more than seven 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=17090 .

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=17090 .

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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 .