ATLANTA, Feb. 15, 2001 (PRIMEZONE) -- The following is being issued by WinningInvestments.com:
While many sectors in the economy expect to lag at least through the first two quarters of 2001, the gaming industry could be in line for a boost. In particular, Electronic Arts (Nasdaq:ERTS) is expected to be one of the leaders, with the release of PlayStation 2.
On January 30, ERTS announced third quarter net revenues were $640.3 million, up 6.6% over year ago levels. WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted ERTS 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 ERTS as one of its potential covered call candidates for its "13/13" category, which contains stocks that have grown in sales and profits by an average of 13% in each of the last 10 years, and are predicted to grow by that same amount over the next 3-to-5 years. The company lists its covered call candidates on its website three times per week.
Electronic Arts currently has 6 analysts recommending it as a strong buy, 5 as a buy and 2 as a hold. ERTS is currently trading at $53 1/16, with the bid on the March 2001 $52 1/2 call at $5. This gives downside protection of 9.4% and a yield if called of 8.4%.
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. 22, 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.