ATLANTA, Feb. 13, 2001 (PRIMEZONE) -- While many sectors in the economy expect to lag at least through the first two quarters of 2001, the data storage field is predicted to thrive. In particular, Network Appliance Inc. (Nasdaq:NTAP) is expected to be one of the leaders.
On February 8, NTAP announced that revenues for its third fiscal quarter had increased 91% over year-ago levels. With storage very much a priority for today's leading corporations, NTAP is well-positioned for the future as well.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted NTAP in its Newsletter. The investment Website 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.
WinningInvestments also selected NTAP as one of its potential covered call candidates. The company lists its covered call candidates on its Website three times per week.
Network Appliance Inc. currently has 9 analysts recommending it as a strong buy, 11 as a buy, and 2 as a hold. NTAP is currently trading at $39 47/64, with the bid on the March 2001 $40 call at $4 7/8. This gives downside protection of 12.3% and a yield if called of 12.9%.
Other companies in this industry include: EMC Corp. (NYSE:EMC) and Sun Microsystems (Nasdaq:SUNW).
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. 20, 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.