All Star Analysts Portfolio: ConocoPhillips, Cox Communications, Bank One and Telik.Business Editors CHICAGO--(BUSINESS WIRE)--Aug. 13, 2003 Zacks.com just released its latest additions and deletions to the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. All Star Analyst portfolio. This exclusive portfolio represents all stocks with a Strong Buy rating from at least five analysts with a 5 Star All Star ranking. These are the brokerage analysts whose stock recommendations proved to be the most profitable for investors. Four current members of the list are: ConocoPhillips (NYSE NYSE See: New York Stock Exchange :COP), Cox Communications Cox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television and telecommunications services in the United States. It is the third-largest[2] cable television provider in the United States, serving more than 6. , Inc. (NYSE:COX), Bank One Corporation (NYSE:ONE) and Telik, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TELK). View the entire list of stocks on the All Star Analyst portfolio at http://asaportfolio.zacks.com Here is a synopsis of why these stocks are on the All Star Analysts Portfolio: ConocoPhillips (NYSE:COP) formerly Phillips Petroleum Company Phillips Petroleum Company was founded in 1917 by L.E. Phillips and Frank Phillips, of Bartlesville, Oklahoma. Their younger brother, Waite Phillips was the benefactor of Philmont Scout Ranch. Phillips Petroleum was headquartered in Bartlesville, Oklahoma. , is an international, integrated energy company with operations in 49 countries. COP reported second quarter net income of $1.138 billion, or $1.66 per share, compared with $351 million, or 91 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , for the same quarter in 2002, which was prior to the ConocoPhillips merger. Several top All Star analysts were impressed with COP's upstream production of 1.64 million barrels-of-oil-equivalent (BOE BOE Based on Experience BOE Board of Education BOE Boletín Oficial del Estado (Spanish) BOE Bank of England BOE Board of Equalization BOE Board of Elections BOE Barrel of Oil Equivalent BOE Bind on Equip ) per day during the quarter and 1.63 million BOE for the first half of 2003. Their refining and marketing business also had another solid quarter as refineries ran at 96 percent of capacity. With a P/E P/E See: Price/earnings ratio under 10, COP looks to be a good value. The company share price has also risen almost 20% since the lows in January. Investors are also looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. stronger quarters as the economy begins to gain steam. This might be an excellent opportunity to get on board as the price goes higher. Cox Communications, Inc. (NYSE:COX) is a multi-service broadband communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. with approximately 6.5 million total customers, including 6.3 basic cable subscribers. Cox is the nation's fourth-largest cable television provider, and offers both traditional analog video The original video recording method that stores continuous waves of red, green and blue intensities. In analog video, the number of rows is fixed. There are no real columns, and the maximum detail is determined by the frequency response of the analog system. programming under the Cox Cable brand as well as advanced digital video programming under the Cox Digital Cable brand. In late July, COX announced second quarter numbers. Total revenues for the second quarter of 2003 were $1.4 billion, an increase of +14% over the second quarter of 2002. This was primarily due to increased customers for advanced services, higher basic cable rates and a $5 price increase on monthly high-speed Internet See broadband. access adopted in certain markets in the fourth quarter of 2002 and in most of Cox's remaining markets in the first quarter of 2003. Also contributing to the increase was an increase in commercial broadband customers. Despite the traditionally seasonal nature of the second quarter, COX delivered 237,722 advanced service revenue generating units (RGUs) and are on track to achieve their guidance of 1.0 to 1.1 million new service net additions for the year. Several top All Star analysts believe that a driving factor in their success continues to be their bundling strategy. Cox has broadband appeal and is plugged in to profits. Bank One Corporation (NYSE:ONE) offers a full range of financial services to commercial and business customers, and consumers. The company recently announced that most of its checking account customers will be able to pay their bills online for free, effective August 1. The service had been $4.95 a month. Last month ONE announced 2003 second quarter net income of $856 million, or 75 cents per diluted share, compared to $803 million, or 68 cents per diluted share, excluding the $40 million after-tax benefit from a restructuring charge restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. reversal in the second quarter of 2002. Including this benefit, the prior year's net income was $843 million, or 71 cents per diluted share. The company is very confident in their future performance, which has enabled them to take a long-term view and increase their dividend to shareholders and approve a new $3 billion stock buyback Stock buyback A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share. stock buyback See buyback. program. These two decisions will give them the flexibility to deploy excess capital in a way that most effectively benefits shareholders. Several top All Star analysts are jumping back on the banking band wagon and adding ONE in the process. Telik, Inc. (NASDAQ:TELK) is a biopharmaceutical company working to discover, develop and commercialize small molecule drugs to treat serious diseases for which there is significant demand for new therapies. The company's most advanced product candidate is TELCYTA(TM) (TLK TLK The Lion King TLK Thomas Liard Kennedy (Secondary School, Mississauga, Ontario, Canada) TLK Total Left Knee (replacement surgery) 286), a tumor activated small molecule product candidate that is in a Phase 3 registration trial in advanced ovarian cancer ovarian cancer Malignant tumour of the ovaries. Risk factors include early age of first menstruation (before age 12), late onset of menopause (after age 52), absence of pregnancy, presence of specific genetic mutations, use of fertility drugs, and personal history of breast , and in earlier stage clinical trials in ovarian, non-small cell lung and breast cancer. In July, TELK reported a net loss of $11.9 million, or 33 cents per share, for the second quarter ended June 30, 2003, compared with a net loss of $9.1 million, or 33 cents per share, for the second quarter ended June 30, 2002. Although the company didn't improve on last year's EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. , the company's net loss in the second quarter of 2003 was due primarily to increases in research and development spending as the company's lead product candidates, TELCYTA(TM) (TLK286) and TLK199, advance in clinical development. The company's research and development expenses were $10.3 million for the quarter ended June 30, 2003, compared with $8.0 million in the comparable period in 2002. The increase in research and development expenses reflects the expansion of the TELCYTA(TM) clinical development program, including the ongoing Phase 3 registration trial in ovarian cancer and ongoing Phase 2 trials in non-small cell lung, breast and ovarian cancer. A few top All Star analysts in the field are recommending TELK, expecting further positive test results. Investors may want to some of their own research. Discover all the current All Star Analyst rankings and top analyst recommendations at http://allstarrank.zacks.com About Zacks All Star Analyst Survey Do you want to know which brokerage analysts are the best in their field and what stocks they're recommending today? Find out with the Zacks All Star Analyst survey. This exclusive survey, created with Fortune Magazine, reveals the "Best-of-Breed" brokerage analysts. They are the select group of winners from the universe of brokerage analysts - the ones who consistently beat the street - the few you should be following now. Visit the Zacks All Star Survey to find the best analysts and their top stock recommendations at http://bestofbreed.zacks.com Top recommendations from All Star Analysts Highlighted in FREE Investment Newsletter Each week, Zacks.com highlights investment insight and favorite recommendations from All Star Analysts and other leading investment experts. This is all part of our FREE e-mail newsletter, "Profit from the Pros." The only way to get these powerful insights is with a FREE subscription to the "Profit from the Pros" investment newsletter. Register for your free copy at http://pfpregister.zacks.com About Zacks Zacks.com is a property of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , Inc., which was formed in 1981 to compile, analyze, and distribute investment research to both institutional and individual investors. 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The S&P 500 includes the reinvestment of all dividends, no transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , and represents the gross returns before management fees. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. |
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