Zacks.com Announces That Richard Moroney Highlights the Following Stocks: Citigroup, SunGard Data Systems, Altria Group, Johnson & Johnson and PepsiCo, Inc

Business Wire, Dec 28, 2004

CHICAGO -- Discover why Richard Moroney, editor of the Dow Theory Forecasts newsletter, says that recent market gains are reconfirming the bullish primary trend under the Dow Theory and learn about Citigroup (NYSE:C), SunGard Data Systems (NYSE:SDS), Altria Group, Inc. (NYSE:MO), Johnson & Johnson (NYSE:JNJ) and PepsiCo, Inc. (NYSE:PEP). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the December 27th Featured Expert column by Richard Moroney includes:

The Dow Industrials closed above the February high of 10,737.70, reconfirming the bullish primary trend under the Dow Theory. Subscribers should maintain a constructive stance toward equities, looking for opportunities to buy quality stocks at attractive valuations. For now, Richard Moroney's cash position remains at 10% to 16%. As pullbacks in the broad market or individual stocks present opportunities, his cash position will be reduced.

Considering the market's strength and positive seasonal influences, the rally may have further to run in the near term. But subscribers should be wary of chasing extended and richly valued stocks, as a first-quarter market pullback would not be surprising. For new buying, attractive picks include Citigroup (NYSE:C) and SunGard Data Systems (NYSE:SDS).

Other names from the Buy List include:

Altria Group, Inc. (NYSE:MO) is a holding company whose principal wholly-owned subsidiaries, Philip Morris Incorporated, Philip Morris International Inc., Kraft Foods, Inc., and Miller Brewing Company, are engaged in the manufacture and sale of various consumer products.

Johnson & Johnson (NYSE:JNJ) is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world.

PepsiCo, Inc. (NYSE:PEP) consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products.

Get more information on the companies above, and read Richard Moroney's entire outlook, by clicking: http://at.zacks.com/?id=85

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