ATLANTA, Jan. 31, 2001 (PRIMEZONE) -- While most technology stocks are still working through their long, deep bases, Linear Technology (Nasdaq:LLTC) has emerged as one of the shining stars likely to lead the tech sector higher.
LLTC was one of the last tech companies to correct during the stock market slide of 2000, not dipping below its 200-day moving average until Nov. 3, 2000. It would eventually decline to as low as $45 3/8 on Jan. 2, 2001 before successfully breaking through its 200-day moving average of $59 on Jan, 16, 2001.
In its latest earnings report, LLTC announced its ninth consecutive quarter of sequential revenue growth. Additionally, it was one of the few tech companies that gave an encouraging guidance going forward.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted LLTC in its Newsletter. WinningInvestments.com 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.
Additionally, WinningInvestments has listed LLTC on its Website as a potential covered call candidate. WinningInvestments regularly selects LLTC for its "13/13" category, which is for stocks that have grown in sales and profits by an average of at least 13% for each of the last 10 years, and expected to grow by an average of at least 13% over the next 3-to-5 years:
Linear Technology Corp. (Nasdaq:LLTC) currently has 4 analysts recommending it as a strong buy, 12 as a buy, and 1 as a hold. LLTC is currently trading at $62 7/8, with the bid on the March 2001, $60 call at $8 1/8. This gives downside protection of 12.9% and a yield if called of 8.3%.
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. 7, 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.