Although taking different approaches to investing, Dan Sullivan and Nick Vardy are both recommending the same stock -- Cognizant Technology (NASDAQ: CTSH).
The company provides IT consulting and technology services -- and is best known for its leading role in outsourcing.
Sullivan, editor of The Chartist, points out that for the fourth quarter ended Dec. 31, the company earned $69.5 million, up 21% while sales rose 65%, to $424.4 million. For the full year, earnings rose 40% sales were up 61%.
The advisor notes, "Despite recent selling pressure over the past few weeks, Cognizant holds the #1 spot in our relative strength ratings."
Nick Vardy, editor of The Global Stock Investor, calls the stock the "best in class." He explains, "The Indian outsourcing play continues to garner accolades. Congnizant was just recently named one of Business Week's 50 Best Performing Companies, ranking 12th overall and second in the Information Technology sector."
He points out that the rankings are meaningful, since Business Week selects the 'best in class' from each of the 10 sectors that make up the S&P 500. Companies were chosen based on sales growth, average return on capital, total return, profitability and rank within industry sector.
For more stock picks from the leading financial newsletter advisors, visit Steven Halpern's free daily website, TheStockAdvisors.com.
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