Zacks Brokerage Buy List: Abbott, Automatic Data Processing, Cisco and General Electric.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 ), 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. ), Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , 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 :CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) and General Electric (NYSE:GE). View the entire list of stocks on the Brokerage Buy List at http://at.zacks.com/?id=139 Here are 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 top pick with six of the leading brokerage houses. The company's third quarter guidance disappointed some, but its July 13 second quarter report was strong. Earnings per share of 58 cents, excluding items, improved from 54 cents year-over-year and topped the consensus by almost 2%. Worldwide sales jumped 17.5% to $5.52 billion. Sales for Abbott's Pharmaceutical Products Group advanced 18%, thanks to strong performances from HUMIRA, Ultane(R)/Sevorane, TriCor, Omnicef, and Mobic. Meanwhile, sales at the Medical Products Group increased 13.6%. Automatic Data Processing, Inc. (NYSE:ADP) reported fiscal fourth quarter earnings per share of 44 cents in late July on revenues of $2.3 billion. The earnings result matched the consensus and improved 22% on a year-over-year basis. Revenues advanced 10% from $2.1 billion in the fiscal fourth quarter of 2004. According to the company, the quarter capped off an excellent year that surpassed its expectations. For the year ended June 30, 2005, earnings per share growth was 15% while revenue grew 10%. Looking forward, Automatic Data Processing forecasted fiscal 2006 revenue growth in the high single-digits and earnings per share growth of 15% to 20%, assuming stock compensation was expensed in fiscal 2005. Automatic Data Processing is considered one the best large-cap stocks to own for the long-term by three of the leading brokerage firms. Cisco Systems, Inc. (NASDAQ:CSCO) reported fiscal fourth quarter pro forma earnings pro forma earnings Income not necessarily calculated in accordance with generally accepted accounting principles. For example, a company might report pro forma earnings that exclude depreciation expense and nonrecurring expenses such as restructuring costs. per share of 25 cents early last month, compared to 21 cents a year earlier. Furthermore, sales reached $6.6 billion, marking gains of 11.1% and 6.4% on a year-over-year and sequential basis respectively. Cisco said its "home run" during the quarter was the continued balance across geographies, architectural evolutions, product families and market segments, with the commercial and enterprise segments bringing in top results. Cisco, which was very active on the acquisition front during the quarter, said it will continue to make investments in its growth areas that will provide customers with an intelligent network. Cisco is a favorite with six of the leading brokerage firms. General Electric (NYSE:GE) stated that its improved business fundamentals business fundamentals The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point and solid execution led to all of its businesses delivering at least double-digit earnings growth for the second quarter. Meanwhile, GE remains one of the best large-cap stocks to own for the long-term by as many as seven of the leading brokerages. In mid-July, the company posted second quarter earnings per share of 44 cents, matching the consensus and easily exceeding the year-earlier performance. In addition, revenues advanced 13% to $41.6 billion with organic growth at 8%. General Electric, which now expects to deliver earnings per share growth of between 12-14% for the year, said it has aggressively executed a strategy to expand its margins and sustain its earnings growth for the long-term. 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. 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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