Schaeffer's S&P 500 Index Hot Stocks Features Symbol Technologies, Apple Computer, Sun Microsystems, Jefferson-Pilot, and Tiffany & Co

Business Wire, March 29, 2006

CINCINNATI -- Among the stocks featured in the March 29 edition of Schaeffer's S&P 500 Index Hot Stocks are Symbol Technologies (NYSE:SBL), Apple (NASDAQ:AAPL), Sun Microsystems (NASDAQ:SUNW), Jefferson-Pilot (NYSE:JP), and Tiffany & Co. (NYSE:TIF). 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=PRSHS12M&PAGE=1 .

Schaeffer's S&P 500 Index Hot Stocks for Wednesday, March 29, 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 - 1,304.85) 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.

U.S. stocks increased this afternoon as the bond market righted itself after yesterday's Fed-inspired sell-off. Investors have confidence that the economy and corporate earnings can withstand a higher interest rate. The SPX is marching higher, thanks to 82 percent of its components landing on the positive side. If we can avoid a spate of selling in the final hour today, it certainly appears that the SPX is set to finish in positive territory.

More often than not, a company's ascent to the top of the hot stocks chart is accompanied by some kind of news, well that isn't the case today. Dig as I might, I can find no discernable news from Symbol Technologies (NYSE:SBL) other than a press release from yesterday. The release announces that SBL and Syclo (a global leader in mobile software solutions) were chosen to supply software solutions to Tube Lines Ltd., which is working in partnership with the London Underground. Frankly, I don't think that this news is the catalyst for today's five-percent jump, but I have been wrong before. Looking at a chart for SBL, it is entirely possible that the catalyst for the move was a rebound off the 11 level. The stock is poised to finish above its 10-day and 20-day moving averages for the first time since the middle of February, the reclamation of this support could make SBL a stock to keep your eye on.

One company that never leaves us hungry for news is Apple Computer (NASDAQ:AAPL). The company introduced a software upgrade that will set a maximum volume limit on its ubiquitous iPod and iPod Nano media players. The software is available as a free download from AAPL's website. The computer company made this move as it faces a class action lawsuit claiming that iPods can cause hearing loss because of its headphone sound levels. AAPL has added more than five percent thus far today.

Finally, at least for the upside, we turn to Sun Microsystems (NASDAQ:SUNW). The company has increased more than five percent after Morgan Stanley upgraded it to "overweight" from "underweight." The brokerage house attributed the move to a belief that cost-cutting efforts should help SUNW achieve consistent profitability.

On one of its final days in the SPX, Jefferson-Pilot (NYSE:JP) decided to make an appearance near the bottom of the list. JP will be replaced by Kimco Realty (KIM) after Monday's close, which is the day that Lincoln National Corp. (LNC) is expected to close its $7.5-billion acquisition of JP.

Finally, we have Tiffany & Co. (NYSE:TIF). The retailer dropped more than three percent following its report of a fourth-quarter drop in profit along with its lower-than-expected, first-quarter forecast.

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Gainers: http://www.schaeffersresearch.com/wire?ID=15667 .

Click the following link to see a Chart of the SPX 500 Index's Top-20 Percentage Losers: http://www.schaeffersresearch.com/wire?ID=15667 .

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=PRSHS12M&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 .