Zacks.com Announces That Dan Sullivan Highlights the Following Stocks: Abercrombie & Fitch Co., Cognizant Technology Solutions, Valero Energy, Apple Computer and Noble Corp.CHICAGO -- Is the market digesting its gains or is a bear market about to rear it ugly head? Dan Sullivan For other uses, see Dan Sullivan (disambiguation). Daniel "Dan" Sullivan was a fictional character in the popular BBC soap Opera EastEnders. He was played by Craig Fairbrass. , editor of the Chartist Chartist Another name for technical analyst. This is a person who uses charts to identify patterns that can suggest future activity. Notes: Chartists use technical analysis for just about any type of financial security, especially stocks and commodities. newsletter, says the odds favor a continuation of this bull market at the moment. Read about Abercrombie & Fitch Co. (NYSE NYSE See: New York Stock Exchange :ANF ANF antinuclear factor; see antinuclear antibodies (ANA), under antibody. ANF abbr. antinuclear factor ANF atrial natriuretic factor. ), Cognizant Technology Solutions Cognizant redirects here. For a definition of the word see the entry for at Wiktionary Cognizant Technology Solutions (NASDAQ: CTSH) is an information technology services company with headquarters in New Jersey U.S.A. Corp. (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 :CTSH), Valero Energy Corp. (NYSE:VLO VLO Valero Energy (stock symbol) VLO Very Low Observable VLO Landing Gear Operation Speed (aviation) VLO Ventro-lateral orbital (area of the brain) ), Apple Computer (NASDAQ:AAPL AAPL Apple Computer, Inc. (stock symbol) AAPL American Association of Professional Landmen AAPL American Academy of Psychiatry and the Law AAPL Advance Audiovisual Presentation Limited AAPL Advocates for Arkansas Public Libraries ) and Noble Corp. (NYSE:NE). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84 Highlights from the March 10th Featured Expert column by Dan Sullivan include: BREAK OUT OR FAKE OUT? We have to deal with the fact that the recent break out through overhead resistance--which looked like the real thing at the time--might turn out to be a "suck in" rally. Since the break out, the high relative strength stocks, which had been out in front of the market for months on end, have been underperforming by a fairly wide margin. The obvious question: Is the market digesting its gains (which is reasonable considering the magnitude of the previous run-up), or is a bear market about to rear its ugly head? In Dan Sullivan and his team's opinion, the odds favor a continuation of this bull market, although it is long of tooth. Remember, bull markets are global affairs and, at last glance, the DJ World Stock Market Index was in a highly bullish mode, having held above key support last August and, in the interim, has traced out a continuation pattern Continuation Pattern A technical analysis pattern that suggests a trend is exhibiting a temporary diversion in behavior and will eventually continue on its existing trend. The symmetrical triangle charts displayed below are both exhibiting a continuation pattern. of ascending tops and bottoms. Breadth, which historically tops out well ahead of the market, remains highly bullish. Note: The daily Advance/Decline Line recorded bull market highs just three sessions ago. SELECTED WRITE-UPS ON RECENT RECOMMENDATIONS Abercrombie & Fitch Co. (NYSE:ANF) sells, through its subsidiaries, casual apparel, personal care and accessories for men, women and children. The company is comprised of four concepts: Abercrombie & Fitch; Abercrombie; Hollister Co. and RUEHL. At the end of the company's fiscal year, it posted net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increases of 18% to $2.02 billion. Net income rose 6% to $217.5 million. Most recently, the company reported net sales of $159.9 million for the four weeks ending Feb. 26, 2005. That's a 33% increase over the $120.6 million posted over the same period last year. The company also saw excellent comp sales growth during the month of February. A&F same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. grew 14%; Hollister Co. comp sales were up 26%; and Abercrombie comp sales increased 35%. Sales increases were attributed to strong sales of the company's spring line. Cognizant Technology Solutions Corp. (NASDAQ:CTSH) is a global leader in IT services. The company takes "outsourcing" to a new level with its groundbreaking Fourth Generation Offshore Outsourcing Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed. services. Moving beyond the realm of simply outsourcing, Cognizant develops outsourcing programs that integrate the client's business strategy with execution, combining industry experience, advanced technology knowledge, cultural compatibility and a local consulting presence to create a complete outsourcing package. Quarterly revenue increased 11% from the third quarter and 60% from the year-ago period to $172.8 million. Net income for the fourth quarter increased to $30.6 million, compared to $17.7 million in the year-ago period. And operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: for the fourth quarter increased to 20.4%, up from 19.8% in the fourth quarter of 2003. Additional Stocks from the Relative Strength Ratings portfolio Valero Energy Corp. (NYSE:VLO) owns and operates refineries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation's top refiners of petroleum products. Valero is also one of the nation's leading retail operators. Apple Computer (NASDAQ:AAPL) designs, manufactures and markets personal computers and related personal computing Refers to users working on their own computers rather than a terminal to a mainframe. Sometimes, the term refers to using computers at home for work and/or entertainment in contrast to business use only. See personal computer. and communicating solutions for sale primarily to education, creative, consumer, and business customers. Noble Corp. (NYSE:NE) is a leading provider of diversified services for the oil and gas industry. Contract drilling services are performed with the company's fleet of offshore drilling units located in key markets worldwide. Read Dan Sullivan's complete market commentary, along with additional information on the stocks above, by clicking: http://at.zacks.com/?id=85 About Zacks Featured Experts Successful investing requires professional advice from knowledgeable experts who can help investors achieve their financial goals in good markets and improve their portfolios, especially in bad ones. That is why Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. has assembled the best investment experts in the business to offer their powerful advisory newsletters on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc. Additional recommendations from Zacks.com Featured Experts are highlighted in the free investment newsletter, Profit from the Pros. Each issue highlights several Featured Experts in this free e-mail newsletter. Register for a free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86 About Zacks Zacks.com is a property of Zacks Investment Research, 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 now for a free subscription to the Profit from the Pros newsletter at http://at.zacks.com/?id=87 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. 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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