S&P 500 Index Hot Stocks: January 30 Edition

Strategic Insights -

As the market approaches the close of the day on January 30, 2006, Schaeffer's S&P 500 Index Hot Stocks feature reports on the top-performing and bottom-performing stocks in the S&P 500 Index. This article will provide an in-depth analysis of the companies mentioned, including Mattel, Exxon Mobil, Sysco, Tyson Foods, and Schering-Plough, as well as the broader market trends and sentiment.

Key Takeaways:

  • Mattel (NYSE:MAT) posted a slight drop in fourth-quarter profit, missing revenue estimates but beating earnings expectations. The company expects no improvement in the retail environment in 2006 and plans to raise prices following Easter.
  • Exxon Mobil (NYSE:XOM) posted a fourth-quarter profit of $1.65 per share, exceeding the Street's expectations. The company's results had a ripple effect on the broader market, with nine other oil-related stocks moving upward.
  • Sysco (NYSE:SYY) reported second-quarter earnings of 33 cents per share, including a net expense of four cents per share. Sales increased by 8.7 percent to $7.97 billion, exceeding the Street's expectations.
  • Tyson Foods (NYSE:TSN) reported first-quarter earnings of 11 cents per share, missing the Street's expectations. The company expects to post a loss in the second quarter and forecast earnings of 50-80 cents per share for fiscal 2006.
  • Schering-Plough (NYSE:SGP) returned to profitability in the fourth quarter, thanks to sales of Remicade, Peg-Intron, Nasonex, and Temodar. However, the company posted earnings of seven cents per share, missing the Street's expectations.

Statistics:

  • 54% of the S&P 500's components are in negative territory due to pre-market concerns ahead of the Federal Open Market Committee's interest rate decision and the President's State of the Union Address.
  • Mattel (NYSE:MAT) experienced a 7% gain in trading.
  • Exxon Mobil (NYSE:XOM) contributed to the market's positive sentiment, with nine other oil-related stocks moving upward.
  • Sysco (NYSE:SYY) reported a 6% gain in trading.
  • Tyson Foods (NYSE:TSN) saw a decline in its stock price due to expectations of a loss in the second quarter and modest earnings forecast for fiscal 2006.

Sources:

  • Schaeffer's S&P 500 Index Hot Stocks, January 30, 2006
  • SchaeffersResearch.com
  • Forbes
  • Barron's