ATLANTA, April 19, 2001 (PRIMEZONE) -- The following is being issued by WinningInvestments.com:
While many companies will still be feeling the effects of the slowing economy for several more quarters, several key technology companies recently announced positive guidance going forward. Cerner Corp. (Nasdaq:CERN), Cendant Corp. (NYSE:CD), and Newport Corp. (Nasdaq:NEWP) were among those companies issuing positive earnings forecasts.
CERN said yesterday that it was raising its guidance for earnings per share in 2001 from $0.80 to $0.85, to $0.83 to $0.88. CD said that it raised its second-quarter earnings forecast from $0.26 per share to $0.27. NEWP said that it expects second-quarter sales growth to be between $95 and $100 million, up 55-to-65 percent from year ago levels.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted CERN and NEWP 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 CD as one of its potential covered call candidates. The company lists its covered call candidates on its website three times per week.
Cerner Corporation (Nasdaq:CERN) currently has five analysts recommending it as a strong buy, eight as a buy, and 10 as a hold. CERN is currently trading at $44.04, with the bid on the May 2001 $45 call at $4. This call gives downside protection of 9.1% and a yield, if called, of 11.3%.
Newport Corporation (Nasdaq:NEWP) currently has one analyst recommending it as a strong buy, eight as a buy, and five as a hold. NEWP is currently trading at $44.79, with the bid on the May 2001 $45 call at $6.4. This gives downside protection of 14.3% and a yield, if called, of 14.8%.
Cendant Corporation (NYSE:CD) currently has six analysts recommending it as a strong buy and three as a buy. CD is currently trading at $17.99, with the bid on the August 2001 $17 1/2 call at $1.85. This gives downside protection of 10.3% and a yield, if called, of 7.6%.
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 Apr. 30, 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.