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Stocks Featured in Schaeffer's S&P 500 Index Hot Stocks for July 15, 2005

Strategic Insights

— 2 min read

Cincinnati-based companies Cintas (NASDAQ:CTAS) and W.W. Grainger (NYSE:GWW) led the pack among the stocks featured in the July 15 edition of Schaeffer's S&P 500 Index Hot Stocks. Cintas reported fourth-quarter earnings of 48 cents per share, topping last year's same-quarter earnings of 42 cents per share, while W.W. Grainger reported second-quarter earnings of 89 cents per share, beating last year's earnings of 72 cents per share. The stocks were among the top-performing in the S&P 500 Index, with Cintas and W.W. Grainger advancing more than 10% and 6% respectively in today's trading action.

Key Takeaways:

  • Cintas (NASDAQ:CTAS) reported fourth-quarter earnings of 48 cents per share, topping last year's same-quarter earnings of 42 cents per share.
  • W.W. Grainger (NYSE:GWW) reported second-quarter earnings of 89 cents per share, beating last year's earnings of 72 cents per share.
  • Genzyme (NASDAQ:GENZ) reported second-quarter earnings of 46 cents per share, beating the consensus estimate for earnings of 53 cents per share.
  • Symbol Technologies (NYSE:SBL) cut its second-quarter revenue forecast, naming a new chief financial officer, Sal Iannuzzi, to replace Mark Greenquist.
  • Electronic Arts (NASDAQ:ERTS) dropped more than 4% on the day due to a slight delay in the delivery of the video game "The Godfather."
  • Schaeffer's S&P 500 Index Hot Stocks is a daily feature available on Schaeffer'sResearch.com that provides a list of the day's top-20 and bottom-20 performing stocks in the S&P 500 Index.
  • The average increase in stock price for the top-20 performing stocks was 6.35%, with an average decrease of 4.21% for the bottom-20 performing stocks.
  • Schaeffer's S&P 500 Index Hot Stocks for Friday, July 15, 2005 included 20 stocks with an average price of $79.45, with a range of $3.33 (Symbol Technologies) to $236.19 (Seagram Company Ltd).

Statistics:

  • Cintas (NASDAQ:CTAS) stock price increased by 10.44% on July 15, 2005.
  • W.W. Grainger (NYSE:GWW) stock price increased by 6.05% on July 15, 2005.
  • Genzyme (NASDAQ:GENZ) stock price increased by 4.44% on July 15, 2005.
  • Symbol Technologies (NYSE:SBL) stock price decreased by 10.21% on July 15, 2005.
  • Electronic Arts (NASDAQ:ERTS) stock price decreased by 4.12% on July 15, 2005.
  • The S&P 500 Index closed at 1,226.98 on July 15, 2005.

Sources:

  • Schaeffer's S&P 500 Index Hot Stocks for Friday, July 15, 2005 on www.SchaeffersResearch.com
  • Cintas (NASDAQ:CTAS) press release for fourth-quarter earnings on July 14, 2005
  • W.W. Grainger (NYSE:GWW) press release for second-quarter earnings on July 15, 2005
  • Genzyme (NASDAQ:GENZ) press release for second-quarter earnings on July 15, 2005
  • Symbol Technologies (NYSE:SBL) press release for second-quarter revenue forecast on July 15, 2005
  • Electronic Arts (NASDAQ:ERTS) press release for delay in delivery of video game "The Godfather" on July 15, 2005

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