All Star Analysts Portfolio highlights: Beacon Roofing Supply, GE, SCP Pool Corporation and Wachovia Corporation.CHICAGO -- Zacks.com just released its latest additions and deletions to its proprietary All Star Analyst portfolio. Members on this exclusive list include Beacon Roofing Supply, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BECN (Backward Explicit Congestion Notification) A frame relay message that notifies the sending device that a congestion avoidance procedure should be initiated. See FECN. ), GE (NYSE NYSE See: New York Stock Exchange :GE), SCP (1) (Service Control Point) A node in an SS7 telephone network that provides an interface to databases, which may reside within the SCP computer or in other computers. Pool Corporation (NASDAQ:POOL) and Wachovia Corporation (NYSE:WB). 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 11.63%, exceeding the S&P 500. Here is a synopsis of why these stocks are in the All Star Analysts Portfolio: Beacon Roofing Supply, Inc. (NASDAQ:BECN) will report its fiscal third quarter results on Aug 9. In May, the company posted solid fiscal second quarter numbers as it enjoyed strong sales in all three major product lines. Sales in the quarter surged 87.3% to $322.4 million from $172.1 million, reflecting internal growth of 24.1%. Earnings per share reached 11 cents, compared to six cents a year-earlier, on a split-adjusted basis. The result advanced handily hand·i·ly adv. 1. In an easy manner. 2. In a convenient manner. Adv. 1. handily - in a convenient manner; "the switch was conveniently located" conveniently 2. above Wall Street expectations. The All Stars are encouraged by Beacon Roofing Supply's performance. GE (NYSE:GE) posted second quarter earnings per share of 47 cents from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the on revenues of $39.9 billion. The earnings result matched the consensus and improved upon the previous year's 44 cents. Meanwhile, revenues advanced 9%. Organic revenue growth was 8%, while total orders were up 17%. Despite concerns that a slowdown in the global macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. environment could have an impact on GE's results, analysts appreciate a lot about this company, including its leading market position and large installed base in most of its business segments, along with an experienced management team. SCP Pool Corporation (NASDAQ:POOL) recently reported second quarter earnings per share of $1.12 on 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 of $705.7 million. Earnings topped the year-ago performance and edged past the analysts' consensus. Meanwhile, sales jumped 25% from $564 million. The company's base business sales growth of 13% contributed $70.5 million to the increase, while a majority of the remaining increase is attributable to the acquisition of the Horizon business. Analysts like SCP Pool's dominant market share position and its acquisition of Horizon, which was completed in the third quarter of 2005. The company, which has a history of beating guidance, remains on the All Star Analyst Portfolio. Wachovia Corporation (NYSE:WB) enjoyed record results in three of its four major businesses in the second quarter. Earnings per share of $1.18, excluding items, improved from $1.07 in the year-ago quarter. The result also bettered the consensus by approximately 2.6%. Revenue advanced 14% year over year to $7.26 billion, helped by the Westcorp acquisition and organic growth. The company said its fundamentals remain strong with improving overhead efficiency, stellar asset quality and industry-leading customer service. There is some concern in the market regarding WB's proposed merger with Golden West Financial, but the company is excited about its prospects and remains a favorite in its industry with the All Stars. 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 See Internet e-mail service. 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! 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These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
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