ATLANTA, Feb. 19, 2001 (PRIMEZONE) -- The following is being issued by WinningInvestments.com: While many industries have continued to struggle in the first quarter of 2001, the retail sector is expected to benefit by the recent series of interest rate cuts.
In particular, Kohls Corp. (NYSE:KSS) has announced that they will be opening up 55-60 new stores in 2001. Kohls had announced last month that despite the economic slowdown last year, comparable store sales increased by 9.1% in the last 48 weeks of 2000.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted KSS 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 KSS as one of its potential covered call candidates for its Website. The company lists its covered call candidates on its Website three times per week.
Kohls Corp. currently has five analysts recommending it as a strong buy, nine as a buy, and six as a hold. KSS is currently trading at $69.61, with the bid on the July 2001 $70 call at $9.3. This gives downside protection of 13.4% and a yield, if called, of 13.9%.
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. 26, 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.