ATLANTA, Feb. 8, 2001 (PRIMEZONE) -- While many sectors in the economy expect to lag at least through the first two quarters of 2001, the internet security field is predicted to thrive. In particular, Symantec Corp. (Nasdaq:SYMC) is expected to be one of the leaders.
On January 17, SYMC announced its ninth consecutive quarter of record revenues and earnings. With the need for internet security not expected to diminish any time in the near future, SYMC is well positioned for the future as well.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted SYMC in its Newsletter. The investment website sends out via e-mail its Newsletter, which contains news, commentary, education and covered call highlights, at the close of the market on Monday, Wednesday, and Friday.
WinningInvestments also selected SYMC as one of its potential covered call candidates. The company lists its covered call candidates on its website three times per week.
Symantec Corp. currently has 4 analysts recommending it as a strong buy, and 2 as a buy. SYMC is currently trading at $49 31/64, with the bid on the March 2001 $50 call at $5. This gives downside protection of 8.1% and a yield if called of 9.1%.
Other companies in this industry include Verisign (Nasdaq:VRSN), Internet Security Systems (NASDAQ: ISSX), and Entrust Technologies Inc. (Nasdaq:ENTU).
Investors who are unfamiliar with covered calls can learn about this investment method at www.WinningInvestments.com .
WinningInvestments.com usually offers investors a free 10-day trial, where they can view the services with no risk or obligation. Between now and Feb. 15, 2001, members can receive a 15-day trial by stating "15-day trial" in the "How did you hear about us?" section of the registration page. To visit their site, go to http://www.WinningInvestments.com .
WinningInvestments.com also offers six different categories of covered call selections and nine different investment strategies. The covered call selections are updated on the website each week on Tuesday, Thursday and Sunday. The strategies include three different strategies for Dogs of the Dow, aggressive and conservative investors.