By Michael Cintolo, Vice President of Investments and Editor of Cabot Market Letter and Cabot Top Ten Report
From Cabot Wealth Advisory, 3/18/10. Sign up for free Cabot Wealth Advisory e-newsletter
F5 Networks (FFIV) looks like the leader of the strong networking group. The stock is working on its sixth straight up week, motoring from 47 to the mid-60s during that time.
Sales and earnings growth has been gradually accelerating, and that trend is forecast to continue. The big picture here is that corporations are opening up their wallets to spend on IT again after an 18-month hiatus, and F5's products are some of the best out there. A dip to 60 would be enticing.
Editor's Note: F5 Networks is a Cabot Top Ten Report stock, hand-selected by Editor Mike Cintolo with the aid of OptiMo, our proprietary momentum stock-picking system. To get more of Mike's top picks, along with both the technical and fundamental reasons why he likes these stocks now, try Cabot Top Ten Report today! Click here for more information.
Michael Cintolo
Vice President of Investments and Editor of
Cabot Market Letter and
Cabot Top Ten Weekly
A growth stock and market timing expert, Michael Cintolo is editor of Cabot Market Letter and Cabot Top Ten Weekly. Since joining Cabot in 1999, Mike has uncovered exceptional growth stocks and helped to create new tools and rules for buying and selling stocks. Perhaps most notable was his development of the proprietary trend-following market timing system, Cabot Tides that has helped Cabot place among the top handful of market-timing newsletters numerous times.