ATLANTA, Feb. 20, 2001 (PRIMEZONE) -- The following is being issued by WinningInvestments.com:
Many investors have fled tech stocks in the early part of 2001, and are looking for safe haven in the retail sector, which traditionally benefits from interest rate cuts.
This is good news for companies like Costco Wholesale Corp. (Nasdaq:COST), which received encouraging news today when Wal-Mart indicated that it was comfortable with analysts forecasts for the next quarter. Not only does COST expect to benefit this year from expected future interest rate cuts, but it also could see short term success based on the retail sectors traditional strength in the first through third quarters of the year.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted COST 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 COST 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.
Costco Wholesale Corp. currently has four analysts recommending it as a strong buy, 10 as a buy, and eight as a hold. COST is currently trading at $44.13, with the bid on the April 2001 $45 call at $3. This gives downside protection of 6.8% and a yield, if called, of 8.8%.
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. 27, 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.