CHANGE TO CORE POSITIONS: REPLACE OVERWEIGHT POSITION IN COGNIZANT (CTSH-US, $62.90) WITH REGULAR WEIGHT POSITION IN CHECKPOINT SOFTWARE (CHKP-US, $112.18)

CHANGE TO CORE POSITIONS: REPLACE OVERWEIGHT POSITION IN COGNIZANT (CTSH-US, $62.90) WITH REGULAR WEIGHT POSITION IN CHECKPOINT SOFTWARE (CHKP-US, 112.18)

JUSTIFICATION: The next 3 quarters are expected to be weak for Cognizant. Our Core positions are chosen for their superior characteristics and CTSH will likely trade sideways until earnings resume their upward trend. CTSH remains a Purple Chip stock but is being downgraded and replaced with Checkpoint Software which is now of superior quality. WHO IS CHECKPOINT: Check Point Software Technologies Ltd. develops and markets software and hardware solutions for information technology security. The firm's products include threat prevention, next-generation firewalls, mobile security, and security management.