Zacks.com Announces That Dan Sullivan Highlights the Following Stocks: eBay, Avon Products, Gilead Sciences, PACCAR, and Tyson Foods.

CHICAGO -- Dan Sullivan is a nervous bull, as high oil and geopolitical strife continue to cloud the positives in this marketplace. Stay ahead of the game with this expert's technical analysis and earnings news on five companies. Read about eBay (NASDAQ:EBAY), Avon Products (NYSE:AVP), Gilead Sciences, Inc. (NASDAQ:GILD), PACCAR, Inc. (NASDAQ:PCAR), and Tyson Foods (NYSE:TSN). Dan Sullivan is editor of The Chartist newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Here are the highlights from the Featured Expert column:

In summary, sentiment readings are becoming bullish, overbought/oversold readings are oversold, valuations are favorable and the economy, despite a slow down, continues to roll along. The four-year cycle and the presidential election cycle are still in the up phase. Money continues to pour into stock mutual funds like clockwork. Employee defined contribution plans (401k's) have barely altered their monthly allocation since 1996 with the majority going to stocks. Despite these positives, Dan Sullivan says he and his staff are nervous bulls. The world geopolitical situation and rising oil prices has certainly cast a pall over investors as they project further possible negative scenarios. A dose of good news would certainly be a welcome change.

Earnings Update

eBay (NASDAQ:EBAY) posted net revenues of $773.4 million for the second quarter 2004, up 52% compared to year ago numbers. Operating income rose 108% to $253.9 million. Consolidated net income for the second quarter was $190.4 million, or 28 cents per diluted share. Pro forma consolidated net income, excluding certain items, was $197.7 million, or 29 cents per diluted share. The results posted exceeded the company's guidance of $760 million for net revenues, or 24 cents per diluted share and 26 cents for pro forma earnings per diluted share.

Avon Products (NYSE:AVP), the world's largest direct seller of cosmetics, posted a 35% jump in second-quarter profit and also raised its outlook for 2004. The company's net income was $232.3 million, or 49 cents per share, compared to $171.5 million, or 36 cents per share in the year-ago period. Avon's sales grew in every geographic region, rising 13% to $1.84 billion. Continued strong focus on international sales will keep this cosmetic behemoth in positive territory.

Gilead Sciences, Inc. (NASDAQ:GILD):Thanks to its flagship HIV drug Viread and its hepatitis B medicine, Gilead Sciences posted a quarterly net profit increase of 11%. The Foster City, California-based company posted net profit of $111.5 million, or 49 cents per share, in the second quarter, as compared with $100.4 million, or 46 cents per share the previous year. Total revenue rose 34% to $320 million. Revenue from product sales jumped 30% to $299.3 million.

PACCAR, Inc. (NASDAQ:PCAR) reported record profits for its second quarter 2004, with earnings of $236.5 billion, an increase of 91% over the same period last year. Second quarter net sales and financial services revenues were $2.79 billion, or 39% higher than the $2.01 billion reported for the same period last year. Management attributes the impressive numbers to the company's outstanding reputation as being one of the leading global companies that integrates leading-edge information technology, superior products and service quality with conservative fiscal management.

Tyson Foods (NYSE:TSN): Meat is still hot, though not quite as sizzling as Wall Street analysts expected, with Tyson Foods' third-quarter profits falling short of estimates. The company still posted profits that more than doubled those of the previous year's third quarter.

Read Dan Sullivan's complete commentary, and get earnings news on several other companies, by clicking: http://at.zacks.com/?id=85

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