Zacks Brokerage Buy List: Rockwell Collins, General Electric, Nokia and Wells Fargo.Business Editors CHICAGO--(BUSINESS WIRE)--Sept. 24, 2003 Today Zacks.com releases the names of 4 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 15 brokerage firms. These stocks are considered the best large cap stocks to own for the long term according the Wall Streets top players. In 2003 this portfolio has gained +13% outpacing the +9.4% rise of S&P 500. Here are 4 stocks that are currently members of this prestigious list: Rockwell Collins Rockwell Collins, Inc. (NYSE: COL) is a large United States-based international company headquartered in Cedar Rapids, Iowa, primarily providing aviation and information technology systems, solutions, and services to governmental agencies and aircraft manufacturers. (NYSE NYSE See: New York Stock Exchange :COL), General Electric Corp. (NYSE:GE), Nokia Corp. (NYSE:NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Company (NYSE:WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council ). View the entire list of stocks on the Brokerage Buy List at http://www.buylist1bw.zacks.com Here is a synopsis of why these stocks are on the Brokerage Buy List: Rockwell Collins (NYSE:COL) is a world leader in the design, production and support of communications and aviation electronics solutions for commercial and government customers worldwide. Earlier this month, COL reaffirmed its fiscal year 2003 guidance of earnings per share between $1.40 and $1.45. The guidance includes a previously announced, fiscal third quarter one-time gain of 7 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. related to a favorable tax ruling regarding an over funded life insurance reserve fund. Rockwell Collins reported earnings of $77 million, or 43 cents a share, up from $60 million, or 33 cents a share, in the third quarter of 2002. The latest results include a one-time gain of $12 million from a tax ruling related to the elimination of an excise tax Excise Tax 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS. Notes: 1. for an over funded life insurance fund mentioned above. The company reported that the strength of their government systems business has offset the weakness in their commercial systems' markets. Government sales for the quarter were $329 million, an increase of $42 million, or +15%, from the same period a year ago. Government contracts and strong current financials are just a couple of reasons why three out of the top 15 brokerage firms have COL on their premier Focus List. General Electric Corp. (NYSE:GE) is one of the largest conglomerates in the world. Recently GE announced that it has been named one of this year's "100 Best Companies for Working Mothers" by Working Mother magazine and authorized a regular quarterly dividend of 19 cents per outstanding share of the company's common stock. In addition to this latest news, Vivendi Universal announced that Vivendi Universal (NYSE: V) and General Electric have a signed agreement for the two companies to conduct exclusive negotiations for a merger of Vivendi Universal Entertainment and NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. . The merger would create one of the world's most profitable and fastest-growing media companies. The new company would be 80%-owned by GE, NBC's parent company, with 20% still held by Vivendi Universal. On a pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma basis, the new company would have 2003 revenues of $13 billion and industry-leading annual EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become of $3 billion. GE is looking to execute broad-based strength to generate significant growth in the second half of 2003. GE also announced that nine of thirteen businesses grew in double digits Double Digits was a pricing game on the American television game show, The Price Is Right. Played from April 20, 1973 through May 18, 1973's show, it was played for a car and used small prizes. with more favorable comparisons in Power Systems and Insurance. Brighter times are ahead for this blue chip company, which is why four of the top brokerage firms are recommending GE as a Core Holding. Nokia Corp. (NYSE:NOK) is the world's largest cell phone maker. Nokia's market share in mobile phones is now estimated at 39%, marking both a sequential and year-on-year increase for the second quarter. This week Nokia announced its intention to acquire assets of Sega.com Inc., a subsidiary of SEGA.. The agreement will strengthen Nokia's online games and service offerings for the Nokia N-Gage(TM) game deck A game deck is a video game system, often in handheld form, such as the Nintendo Game Boy, Sony PlayStation Portable and Nokia N-Gage. Nokia catalogue their game focused mobile phones under the category 'game decks'. PC gamers usually use the slang term gaming rig. , as Sega.com's leading multiplayer technology will become an integral part of the Nokia N-Gage experience. The company believes that the Key to their success has been, and will continue to be, their winning execution and strong competitive position in all major technologies and segments. For the full year 2003, NOK is looking to enhance their leadership with a record launch of more than 35 new models. Exciting new products are only half the story with this technology giant. Even though the company took a charge in the second quarter for personnel reductions, five of the top fifteen-brokerage houses list the company as a Core Recommendation 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. . Wells Fargo & Company (NYSE:WFC) is a holding company whose subsidiaries are engaged in banking and a variety related businesses. In July, WFC reported record diluted earnings per common share of 90 cents for second quarter 2003, compared with 82 cents in second quarter 2002, up +10%. Net income was a record $1.53 billion, up +7% from $1.42 billion in second quarter 2002. The company announced that this was another great quarter of double-digit revenue and earnings per share growth, in fact, it was the eighth consecutive quarter of record revenue and profits. In addition to earning more of business, WFC has also been adding new customers through acquisitions. The markets are picking up and interest rates are still at 45 year lows, helping financial firms like WFC edge higher. It is no wonder several top brokerage firms are recommending WFC as a Core Holding. To discover all the other profitable stock portfolios at Zacks.com then follow this link http://www.stockportfoliosbw.zacks.com 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 3 of the Top 15 brokerage firms. These are the kind of large cap stocks that are best for long term investors. In 2003 this portfolio has gained +13% outpacing the +9.4% rise of S&P 500. To learn more about the Brokerage Buy List then visit http://www.buylist2bw.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. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, then with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://www.freeprofit5bw.zacks.com 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 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 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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