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By Chris Johnson
Did the market get what it wanted on Tuesday?  The FOMC dropped interest rates by 50 basis points, doubling most expectations.  So will the double-down move by the FOMC spark a solid longer-term rally or will the market wake up with a hangover in a few days after the FOMC party?
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Synchronoss Technologies (Nasdaq: SNCR)
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Monday, 06 August 2007
We added Synchronoss to the portfolio for the August issue of Rising Star Stocks. The buy price was $7.43. As of Friday's close, it's trading at $29.77. That's a profit of 394 % in a year my friend.
It had been trading above 400% for a week or so, but smart investors are taking profits, and giving you a chance to pick up shares at a discount.
Synchronoss provides e-commerce solutions to the major communications service providers (CSPs) making their customer acquisition, new account set-up, and commerce more efficient and cost-effective. Their clients include big players with deep pockets. You'll no doubt recognize the names: AT&T, Cablevision, Comcast, Level 3 Communications, Time Warner Cable, Verizon, and Vonage.

 

At Synchronoss they tout themselves as the premier provider of on-demand transaction management software for Tier One communications service providers. And based on their profitability, growth, and of course, share price appreciation, we think their claim is justified.

You see, they're deeply embedded in the process of customer new account set-up for the major providers. That means that as these CSPs aggressively compete to take business from one another, Synchronoss is involved and Synchronoss profits. In fact, the more churn these providers experience, the better it is for Synchronoss. And we're all aware of the customer churn in the communications industry, particularly the wireless sector.

And here's the best part, they're keyed in the AT&T / Apple iPhone deal. You see, they handle the activation on every iPhone purchased.

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I'll give you some perspective: 500,000 iPhones were purchased the first weekend after it went on sale on June 29th and another 500,000 were sold in the week after that. Investors in Synchronoss are profiting from the tailwinds of Apple without ever having to invest in Apple.

If your portfolio could stand companies that gain over 400% in one year, then you need to check out Rising Star Stocks . And you can do that right now with no money down...

Source : Rising Star Stocks

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