All Star Analysts Portfolio Highlights: Bank of America, Baker Hughes, Kohl's Corp and United Technologies.CHICAGO -- Zacks.com just released its latest additions and deletions to its proprietary All Star Analyst portfolio. Members on this exclusive list include Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Corporation (NYSE NYSE See: New York Stock Exchange :BAC BAC abbr. blood alcohol concentration ), Baker Hughes Inc. (NYSE:BHI BHI Baker Hughes Incorporated BHI Brain Heart Infusion (agar) BHI Better Hearing Institute BHI British Horological Institute (UK) BHI Boots Healthcare International BHI Branch If Higher ), Kohl's Corporation (NYSE:KSS KSS Kearns-Sayre Syndrome KSS Komunistická Strana Slovenska (Slovak Communist Party, Slovakia) KSS Kelowna Secondary School (Kelowna, BC, Canada) KSS Kirby Super Star (SNES game) ) and United Technologies Corporation (NYSE:UTX UTX United Technologies Corporation (stock abbreviation, AMEX) UTX Unreal Texture (a texture pack for Unreal-engine games) UTX Unit Training Exercise UTX Under Track Crossing ). View the entire list of stocks on the All Star Analyst portfolio at http://at.zacks.com/?id=510 This exclusive portfolio represents all stocks with a Strong Buy rating from at least four analysts with a 5-Star All Star ranking. These are the brokerage analysts whose stock recommendations proved to be the most profitable for investors. Since July 2002, this portfolio has generated an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return of 9.34%, exceeding the S&P 500. Here is a synopsis of why these stocks are in the All Star Analysts Portfolio: Bank of America Corporation (NYSE:BAC) announced solid second quarter results in mid July with earnings per share of $1.22, excluding items, which topped the consensus by almost 11%. Revenue advanced 25% year over year, while pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma revenue, which includes MBNA's second quarter 2005 results, increased 6%. Shortly after the report, the Zacks #2 Rank company raised its quarterly cash dividend by 12% to 56 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , payable Sept 22 to common shareholders of record on Sept 1. This marked the 29th straight year of dividend increases. Analysts expect EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. growth to accelerate throughout the year due to cost savings through the MBNA MBNA Monument Builders of North America MBNA Mercedes-Benz North America MBNA Maryland Bank, National Association MBNA Maryland Bank North America MBNA Mount Baker Nurses Association (Bellingham, Washington) acquisition and increased revenue from recent investment spending in capital markets. The financial services stalwart remains a fixture on the All Star Analyst Portfolio. Baker Hughes Inc. (NYSE:BHI) is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry. Baker Hughes entered 2006 with all product lines performing well, according to analysts, who expect the company to fully capitalize on strength in the oilfield market. Excluding items, second quarter earnings per share reached $1.07, marking a significant year-over-year rise and a positive surprise of approximately 10.3%. Revenue reached about $2.2 billion, a 25% gain from the second quarter 2005. Baker Hughes continues to be one of the All Stars' favorite names in its industry. Kohl's Corporation (NYSE:KSS) raised its earnings per share guidance for the full year after reporting a strong second quarter performance. The retailer now expects between $3.04 and $3.13 for the year, compared to its previous outlook of between $2.91 and $3.02. The news came as Kohl's announced earnings of 69 cents per share for the quarter, ahead of last year's 54 cents and better than the consensus by approximately 6.2%. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight advanced 14% to $3.3 billion while same-store sales increased 5.5%. The company, which has been in the All Star Analyst Portfolio for more than four months now, said it continues to see consistency in all lines of business and all regions of the country. United Technologies Corporation (NYSE:UTX) is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a that provides a broad range of high technology products and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the building systems and aerospace industries. In July, the company reported second quarter earnings per share, excluding items, of $1.02 on revenues of $12.3 billion. Earnings advanced year over year while also eclipsing the consensus by 1%. Revenues increased 10% with 8% organic and 2% from acquisitions. The Zacks #2 Rank stock also raised its outlook for the full year and now expects earnings per share between $3.55 and $3.65. Analysts like United Technologies for several reasons, including its solid balance sheet and strong free cash flow, which is expected to support future acquisitions and provide financial flexibility. Discover all the current All Star Analyst rankings and top analyst recommendations at http://at.zacks.com/?id=511 About Zacks All Star Analyst Survey To learn which brokerage analysts are the best in their field and what stocks they're recommending today, see the Zacks All Star Analyst survey. This exclusive survey, created with Fortune Magazine, reveals the "Best-of-Breed" brokerage analysts. They are the select group of winners from the universe of brokerage analysts - the ones who consistently beat the street - the few you should be following now. Visit the Zacks All Star Survey to find the best analysts and their top stock recommendations at http://at.zacks.com/?id=512 Top recommendations from All Star Analysts Highlighted in FREE Investment Newsletter Each week, Zacks.com highlights investment insight and favorite recommendations from All Star Analysts and other leading investment experts. This is all part of our FREE e-mail newsletter, "Profit from the Pros." The only way to get these powerful insights is with a FREE subscription to the "Profit from the Pros" investment newsletter. Register for a free subscription at http://at.zacks.com/?id=513 About Zacks Zacks.com is a property of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , 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=514 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. (a)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index . The S&P 500 includes the reinvestment of all dividends, no transaction costs, and represents the gross returns before management fees. 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. |
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