Zacks Brokerage Firm Buy List: Amgen, ConocoPhillips, Cisco Systems and General Electric.Business Editors CHICAGO--(BUSINESS WIRE)--June 18, 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 Firm 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. Here are 4 stocks that are currently members of this prestigious list: Amgen, 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 :AMGN), ConocoPhillips (NYSE NYSE See: New York Stock Exchange :COP), 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:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), and General Electric Corp. (NYSE:GE). View the entire list of stocks on the Brokerage Firm Buy List at http://www.buylist1bw.zacks.com Here is a synopsis of why these stocks are on the Brokerage Firm Buy List: Amgen, Inc. (NASDAQ:AMGN) is a global biotechnology company that discovers, develops, manufactures and markets human therapeutics based on advances in cellular and molecular biology molecular biology, scientific study of the molecular basis of life processes, including cellular respiration, excretion, and reproduction. The term molecular biology was coined in 1938 by Warren Weaver, then director of the natural sciences program at the Rockefeller . AMGN announced that adjusted earnings per share for the first quarter of 2003 were 42 cents versus 32 cents for the first quarter of 2002, an increase of +31%. Adjusted net income was $558 million in the first quarter of 2003 versus $341 million in the first quarter of 2002, representing a +64% increase. AMGN recently stated that it expects sales to increase at a compound annual growth rate in the +30% to +32% range by year-end 2005, with adjusted earnings per share growth in the +25% to +27% range. AMGN seems to be on course to meet those goals, and with several products in the pipeline, it's no wonder three top brokerage firms are recommending AMGN as a Core Holding. 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. The company said that it is set to begin work on a $1.5 billion gas development project in Darwin, Australia after receiving final approval from the Timor Sea Timor Sea An arm of the Indian Ocean between Timor and Australia. Noun 1. Timor Sea - an arm of the eastern Indian Ocean between Timor and northern Australia Designated Authority. ConocoPhillips said the project will involve a gas pipeline from the gas field, Bayu-Undan, to Darwin and a liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. facility located at Wickham Point, Darwin. 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. the company, the gas field is thought to hold 400 million barrels of condensate and liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state. and 3.4 trillion cubic feet of natural gas. In April, COP reported first quarter net income of $1,437 million, or $2.10 per share, compared with a net loss of $102 million, or 27 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. Analysts were quite pleased with the company's first quarter performance. In fact, since the merger, several top brokerage firms are recommending COP as a Core Holding for long-term investors. Cisco Systems, Inc. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet. Cisco's Internet Protocol-based networking solutions are the foundation of the Internet and most corporate, education, and government networks around the world. Earlier this month, CSCO announced that it has completed the acquisition of privately held The Linksys Group, Inc., which is the leading provider of home networking products. The acquisition of Linksys, a developer of wireless and wired home routers and access points for the consumer and small office/home markets, represents Cisco's entry into the multi-billion dollar home networking market. In May the company announced third quarter numbers that beat the Street. Net income for the third quarter of fiscal 2003, on a (GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). ) basis, was $987 million or 14 cents per share, compared with $729 million or 10 cents per share for the third quarter of fiscal 2002. This came close to the $991 million or 14 cents per share for the second quarter of fiscal 2003. Three of the fifteen top brokerage firms are listing CSCO as a Core Recommendation, as the economy looks to be coming around. General Electric Corp. (NYSE:GE) is one of the largest conglomerates in the world. Earlier this month GE announced a regular quarterly dividend of 19 cents per outstanding share for the company's common stock. In April, GE announced that first quarter 2003 earnings before required accounting changes were $3.2 billion, or 32 cents per share, compared with $3.5 billion, or 35 cents per share, in first quarter 2002. In this tough economic environment, 8 of their 13 businesses delivered double-digit earnings growth, which impressed many analysts. The company also told analysts that they remain comfortable with their target range of $1.55-$1.70 per share for the year. The first half of 2003 has proved to be quite difficult, but the forecast for the second half looks to be much brighter and several top brokerage firms are recommending GE as a Core Holding. Investors 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. a blue chip that has excellent growth potential and a decent dividend should further research GE. To discover all the other profitable stock portfolios at Zacks.com then follow this link http://www.stockportfoliosbw.zacks.com About Zacks Brokerage Firm Buy List Zacks has developed many successful ways for individual investors to profit from the stock picking prowess of Wall Street professionals. The Brokerage Firm 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. To learn more about the Brokerage Firm 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 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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