This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Rocket Stocks Ready to Rally This Week

Cognizant Technology Solutions

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

While outsourcing becomes a hot topic on the election circuit this year, New Jersey-based Cognizant Technology Solutions (CTSH - Get Report) is making big business of it. The firm is one of the biggest providers of outsourced IT services, ranging from software development to computer network maintenance. This $20 billion firm's unique model should help it to continue to capture the dollars that U.S. companies can't afford to spend here at home.

Cognizant is like a number of other outsourcing firms based in India - the company has a workforce with advanced technology expertise who demand less money than their developed country counterparts. But CTSH's big coup was deciding to base themselves here in the U.S., where they can avoid the cultural conflicts that purely Indian firms sometimes run into. That's also helped to fuel a more lucrative U.S.-based consulting business that acts as a complement to the outsourced work that its teams do. The combination has helped to fuel net margins that consistently come in above 14%.

As the economy continues to convalesce, companies looking for places to cut costs are honing in on cost centers like IT departments. That should help keep Cognizant's impressive growth on pace for the next few years. A debt-free balance sheet with more than $2.4 billion in cash on hand doesn't hurt either.
5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
CTSH $51.94 -2.60%
DHR $83.19 -2.40%
HAL $28.14 -4.90%
TWX $62.14 3.40%
STI $31.43 -4.30%


Chart of I:DJI
DOW 15,563.14 -351.60 -2.21%
S&P 500 1,821.66 -30.20 -1.63%
NASDAQ 4,237.3680 -46.2240 -1.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs