Updating Our Aggressive Stocks Symantec Corp., J.C. Penney Co. and Cintas Corp.

Article Excerpt

SYMANTEC CORP. $17 (New York symbol SYMC) has acquired privately held AppStream for an undisclosed sum. The two companies have been business partners since 2006. AppStream develops technology that makes it easier to distribute computer programs across large networks. Demand for software like this is growing strongly. Buy. J.C. PENNEY CO. $41 plans to scale back its expansion plans for 2008 due to slowing consumer spending. It will now open 36 new stores instead of 50, and renovate 20 stores instead of 65. It will invest some of the savings in other growth opportunities, such as its new “American Living” line of clothing and home furnishings. Buy. CINTAS CORP. $29 earned $0.53 a share in its third fiscal quarter ended February 29, 2008, up 10.4% from $0.48 a year earlier. Revenue grew 7.8%, to $976.0 million from $905.4 million. The recent economic slowdown has hurt demand for Cintas’s uniform rentals and other business services. However, cost controls should help it stay profitable…