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Zacks.com Announces That Joseph Parnes Highlights the Following Stocks: Angiodynamics, Costco, Walgreen and Marvell Technology.

CHICAGO -- The market's stumbling start to 2005 doesn't bode well for the rest of the year, according to Joseph Parnes, editor of the Shortex newsletter. Read about the reasons for January's soft performance, and then learn about Angiodynamics (NASDAQ:ANGO), Costco (NASDAQ:COST), Walgreen (NYSE:WAG) and Marvell Technology (NASDAQ:MRVL). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the January 12th Featured Expert column by Joseph Parnes includes:

Stocks push into '05 with a stumbling start which may not bode well for the rest of the year. History suggests a relationship between the market's start to that of its ending. The Dow has fallen in various circumstances since its first full year in 1897 through 2003. A 33% fall in the first five January sessions, a 50% fall in January after falling in first five days, a 50% fall for year after falling in January's first five sessions, a 28% fall for full year after rising in January's first five sessions, and 35% fall for full year overall.

Could it be that the stock market is simply experiencing a temporary hangover after rising nearly 11% within the last 10 weeks of '04? Or simply a scenario of building cash in the hope of buying into stocks again when prices appear less expensive? Market watchers are pinning hope on 4th quarter earnings of the S&P 500 to be stronger than 15%. Others are resigned to the idea that the expected slowing profit growth is due to tepid economic recovery. Disappointments in profit expectations may be met with severe punishment, thereby creating hesitancy on the part of the investors to bid up stock prices.

Long Positions

Angiodynamics (NASDAQ:ANGO), the maker of catheters and other surgical gears, has reported earnings in the past three quarters which beat street's estimate:

Costco (NASDAQ:COST): The warehouse retailer operating 449 (including 333 in US and Puerto Rico), enjoyed uptrend sales in the past 5 weeks ending Jan 2, '05 up 9%. International sales rising 12%, with net sales rising to $5.77 billion.

Walgreen (NYSE:WAG) reported a 30.5% jump in quarterly profit: largest increase in 4 years. Same-store sale for December rose 4.02% (6.5% rise in pharmacy sale).

Marvell Technology (NASDAQ:MRVL) expected earnings of 82 cents per share for full year 2005 and $1.01 per share for full year 2006 may be adjusted upward.

Read Joseph Parnes' complete commentary, and get all of his long positions and short positions, 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 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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Publication:Business Wire
Date:Jan 17, 2005
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Previous Article:Zacks.com Features the Following Top Stocks in the Machinery Industry: Caterpillar, Ingersoll-Rand, Illinois Tool Works, Deere, and AGCO Corporation.
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