ATLANTA, Feb. 1, 2001 (PRIMEZONE) -- While many technology stocks have not expressed positive guidance going forward, both Celestica Inc. (NYSE:CLS) and Flextronics Inc. (Nasdaq:FLEX) recently said that they do not see any slowdown on the horizon.
In its earnings report released on Wednesday, CLS announced its eleventh consecutive quarter of sequential increases in sales, and eight consecutive quarter of sequential increases in earnings. Since its Wednesday close of $66.05, CLS is up over 13%.
On January 18, 2001 FLEX reported that net sales reached a record $3.2 billion in its fiscal third quarter, which was up 65% compared to the same year ago figure. Also, diluted earnings per share rose 73% from year ago levels.
Both CLS and FLEX are among the few companies in the electronics manufacturing services sector who have announced positive guidance going forward.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted both CLS and FLEX in its Newsletter. WinningInvestments.com sends out via e-mail its Newsletter, which contains news, commentary, education and covered call highlights, at the close of the market on Monday, Wednesday and Friday.
Celestica Inc. (NYSE:CLS), currently has 17 analysts recommending it as a strong buy, six as a buy and one as a hold. CLS is currently trading at $75, with the bid on the March 2001 $75 call at $6.80. This gives downside protection of 9.1% and a yield, if called, of 9.1%.
Flextronics Inc. (Nasdaq:FLEX), currently has 20 analysts recommending it as a strong buy and two as a buy. FLEX is currently trading at $38 15/16, with the bid on the March 2001 $37 1/2 call at $4 3/8. This gives downside protection of 11.2% and a yield, if called, of 7.5%.
Investors who are unfamiliar with covered calls can learn about this investment method at www.WinningInvestments.com. WinningInvestments.com usually offers investors a free 10-day trial, where they can view the services with no risk or obligation. Between now and Feb. 8, 2001, members can receive a 15-day trial by stating "15-day trial" in the "How did you hear about us?" section of the registration page. To visit their site, go to http://www.WinningInvestments.com.
WinningInvestments.com also offers six different categories of covered call selections and nine different investment strategies. The covered call selections are updated on the Website each week on Tuesday, Thursday and Sunday. The strategies include three different strategies for Dogs of the Dow, aggressive and conservative investors.