Zacks.com releases the latest list of Zacks Rank Buy Stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are FLIR Systems, Inc. (Nasdaq: FLIR), Hewlett-Packard Company (NYSE: HPQ), Cabot Microelectronics Corporation (Nasdaq: CCMP) and Excel Maritime Carriers, Ltd. (NYSE: EXM).
Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32.2% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled -37.6%. To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88
Here is a synopsis of today’s Zacks Rank Buy Stocks:
Aggressive Growth – FLIR Systems, Inc. (Nasdaq: FLIR)
FLIR Systems is busy winning contracts and exceeding analyst estimates. The company recently won a lucrative contract from the UAE and beat Wall Street estimates followed by a boost in guidance. FLIR has beaten analyst views for the past four consecutive quarters. Over the past 60 days, this year's earnings estimates have increased seven cents to $1.69 per share. Analysts expect 19.2% growth next year and 18% growth over the long term.
Growth & Income – Hewlett-Packard Company (NYSE: HPQ)
Hewlett-Packard Company appears on track for another quarter of good growth. Brokerage analysts are projecting the technology giant to generate 19% growth this quarter. Given the company’s history of surprises, this estimate could prove to be conservative.
Momentum – Cabot Microelectronics Corporation (Nasdaq: CCMP)
Cabot's stock price has been on a tear since early June. The company posted a 50% positive surprise in its latest quarter. Earnings estimates have increased 18 cents to $1.49 per share over the past 60 days. Analysts expect earnings to grow 25% next year. Technically, the stock is looking great. As long as the $41 support level holds, the skies will remain blue for CCMP investors.
Value – Excel Maritime Carriers, Ltd. (NYSE: EXM)
Shares of Excel Maritime Carriers, Ltd. continue to trade at a discounted valuation despite the stock’s year-to-date gain of more than 200% this year. The rapid ascent in the stock’s price has been caused by continuous positive revisions to profit forecasts by brokerage analysts.
Truly taking advantage of the Zacks Rank requires the understanding of how it works.
The free special report, “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions,” provides an insightful background about this wealth-building tool. Download your free copy of the report now to prosper in the years to come by visiting http://at.zacks.com/?id=93.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of +32.2%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 129% annually (+5.3% vs. +12.1%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
Zacks Rank performance is the total return (price changes + dividends) of equal weighted portfolios, consisting of those stocks with the indicated Zacks Rank, assuming zero transaction costs. These returns are not the result of a backtest; these are actual returns since 1988. The stocks in the Zacks Rank portfolios were available to Zacks clients before the beginning of each month (monthly rebalancing). Performance results from 1988 through June 2007 are based on a subset of all Zacks Rank stocks that excludes stocks covered by only one analyst and ADR’s.
Zacks “Profit from the Pros” e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=90.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros http://at.zacks.com/?id=91
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
The S&P 500 Index is a well-known, unmanaged index of the prices of 500 large-company common stocks, mainly blue-chip stocks, selected by Standard & Poor's. The S&P 500 Index assumes reinvestment of dividends but does not reflect advisory fees. An investor cannot invest directly in an index.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contacts:
Aggressive Growth Stocks:
Roopak Chakravarty,
312-265-9188
or
Growth & Income Stocks:
Jim Licato,
312-265-9226
or
Momentum Stocks:
Ryan Whitmore,
312-265-9265
or
Value Stocks:
Jim Licato, 312-265-9226
Email:
pr@zacks.com
Visit: www.zacks.com
