Zacks Brokerage Buy List: Abbott, American Tower, Automatic Data Processing and ConocoPhillips.CHICAGO -- Today Zacks.com releases the names of four more stocks that are on their 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. Brokerage Buy List portfolio. This portfolio includes just those stocks that currently appear on the core recommended lists of at least three of the top 14 brokerage firms. These stocks are considered the best large-cap stocks to own for the long term according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Wall Street's top players. Since January 2003, this portfolio has generated an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. double-digit return. Here are four stocks that are currently members of this prestigious list: Abbott (NYSE NYSE See: New York Stock Exchange :ABT ABT About ABT Abteilung (German: Department) ABT Abbott Laboratories (stock symbol) ABT American Ballet Theatre ABT Associação Brasileira de Telemarketing ABT Abort ABT Availability Based Tariff ), American Tower Corporation Formed in 1995, American Tower Corporation is a publicly held company (NYSE: AMT) that is a leading owner and operator of wireless and broadcast communications sites in North America. Today American Tower owns and operates over 30,000 sites in the United States, Mexico and Brazil. (NYSE:AMT See vPro. ), Automatic Data Processing Same as data processing. , Inc. (NYSE:ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. ), and ConocoPhillips (NYSE:COP). View the entire list of stocks on the Brokerage Buy List at http://at.zacks.com/?id=139 Here are the explanations as to why these stocks are on the Brokerage Buy List: Abbott (NYSE:ABT), the broad-based pharmaceutical and medical products company, remains a large-cap stock to own for the long term by five of the leading brokerages. Earlier this week, the company stated that its balanced, broad-based businesses delivered strong results in 2005 that were also within its expectations. For the fourth quarter, earnings per share, excluding items, reached 76 cents on worldwide sales of $6 billion. The earnings result matched the consensus and improved upon the year-earlier performance, while worldwide sales advanced 7% from $5.7 billion. Looking forward, Abbott said it has the earnings power and stability to continue delivering consistent earnings per share growth. American Tower Corporation (NYSE:AMT) remains one of the best large-cap stocks to own for the long-term by four of the leading brokerage firms. In early November, American Tower announced that it narrowed its loss in the third quarter to six cents, compared to a year earlier. Total revenues reached $264.7 million, a 46% advance from the same period in 2004, while rental and management segment revenue advanced 49% to $260.8 million, of which $67.4 million was attributable to SpectraSite. American Tower said it made significant progress in merger integration activity concerning SpectraSite, and also strengthened its financial position. The company is confident it can deliver consistent financial and operations results in 2006. Automatic Data Processing, Inc. (NYSE:ADP) is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and information-based business solutions. Positive momentum continued in Automatic Data Processing's core businesses during the fiscal second quarter. Earnings per share from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the reached 47 cents, which advanced from 42 cents in the year-ago period and beat the consensus by more than 4%. Revenue grew 9% to $2.2 billion. The company said results were ahead of its expectations, with particular strength in its Employer Services business. Automatic Data Processing now expects revenue growth of 10% in fiscal 2006, compared to its previous guidance of high single-digit revenue growth. Furthermore, the company also raised the bottom end of its forecast for earnings per share from continuing operations, and now expects between $1.93 and $1.96. Automatic Data Processing is considered a large-cap stock to own for the long term, according to three top brokerage firms. ConocoPhillips (NYSE:COP): Despite the impact of the hurricanes on its Gulf Coast operations, ConocoPhillips said its operations ran well in the fourth quarter. Income from continuing operations was $2.69 per share, which topped the consensus by approximately 1.5%. The result also marked a solid year-over-year advance. Meanwhile, revenues reached $52.2 billion in the quarter, compared to $40.1 billion in the same quarter of 2004. For 2005, income from continuing operations was $9.63 per share, versus $5.79 a year-earlier. Total revenues grew to $183.4 billion from $136.9 billion. Furthermore, the company spent $11,620 million during the year on capital expenditures and investments, which effectively reflects an 86% reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. of 2005 net income. ConocoPhillips remains on the lists of three of the leading brokerages. To discover all the other profitable stock portfolios at Zacks.com, use this link: http://at.zacks.com/?id=140 About Zacks Brokerage Buy List Zacks has developed many successful ways for individual investors to profit from the stock picking prowess of Wall Street professionals. The Brokerage Buy List is yet another powerful tool that investors can wield in order to improve their investment results. This portfolio is comprised of the core stocks recommended by at least three of the Top 14 brokerage firms. These are the kind of large-cap stocks that are best for long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. . Since January 2003, this portfolio has generated an annualized double-digit return. To learn more about the Brokerage Buy List, go to http://at.zacks.com/?id=141 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 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register for a free subscription to the Profit from the Pros newsletter at http://at.zacks.com/?id=142 Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. (a) The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index . 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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