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Zacks Buy List Highlights: ADTRAN, j2 Global Communications, Inc., Burlington Northern Santa Fe Corporation, and Garmin Ltd.


CHICAGO -- Zacks.com releases another list of stocks that are currently members of the coveted cov·et  
v. cov·et·ed, cov·et·ing, cov·ets

v.tr.
1. To feel blameworthy desire for (that which is another's). See Synonyms at envy.

2. To wish for longingly. See Synonyms at desire.
 Zacks #1 Rank (Strong Buy) List. The #1 Rank stocks highlighted today are ADTRAN, 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
:ADTN ADTN Administrative Data Transmission Network
ADTN Administrative Data Telecommunications Network
) and j2 Global Communications j2 Global Communications (Nasdaq:JCOM) is a company based in Hollywood, California that offers messaging and communications services. Its most popular service is called "eFax", which allows users to send and receive faxes via the Internet. j2 was previously called JFAX. , Inc. (NASDAQ:JCOM JCOM Journal of Clinical Outcomes Management ). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: Burlington Northern Santa Fe Santa Fe, city, Argentina
Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal.
 Corporation (NYSE NYSE

See: New York Stock Exchange
:BNI BNI Business Network International
BNI Business Networking International
BNI Bank Negara Indonesia
BNI Bechtel National, Inc.
BNI British Nursing Index
BNI Barrow Neurological Institute (Phoenix, AZ) 
) and Garmin Ltd. (NASDAQ:GRMN). To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +33% 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%.

Here is a synopsis of why ADTN and JCOM have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks:

ADTRAN, Inc. (NASDAQ:ADTN) recently announced third-quarter earnings of 42 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.
, beating the consensus estimate by almost 8%. The company said it experienced strong and broad based revenue growth across both Carrier Network and Enterprise Network divisions. The company also issued a revised guidance for the year 2005. ADTN's earnings per share expectations are in the range of $1.26 to $1.28. Analysts responded by raising the one month ago estimates of $1.21 per share to current estimates of $1.27.

j2 Global Communications, Inc. (NASDAQ:JCOM) released financial results for the third quarter last week. Earnings per share totaled 49 cents compared to last year's 32 cents. The result also exceeded the consensus estimate by 2%. For the fourth quarter, j2 Global anticipates earnings of approximately 50 cents to 54 cents per share. Analysts are in agreement as evidenced by their recent estimates of 52 cents per share for the quarter, which is nearly 2% above one month ago levels.

Here is a synopsis of why BNI and GRMN have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks ranked by Zacks:

Burlington Northern Santa Fe Corporation (NYSE:BNI) recently reported record third-quarter earnings of $1.09 per share, surpassing the consensus estimate by 9% and outpacing last year's result. The company stated that demand for rail transportation continues to outpace out·pace  
tr.v. out·paced, out·pac·ing, out·pac·es
To surpass or outdo (another), as in speed, growth, or performance.


outpace
Verb

[-pacing,
 the rest of the economy. Earnings estimates for the year ending December 2005 increased by 10 cents, or almost 3%, over the past seven trading days.

Garmin Ltd. (NASDAQ:GRMN) recently announced third-quarter earnings of 67 cents per share, excluding items, exceeding the consensus estimate by about 8% and improving on last year's 58 cents. The company noted that it experienced triple digit growth in its automotive product line which demonstrates that GRMN's products are well-positioned to take advantage of the growing demand for portable navigation devices. Garmin raised its earnings outlook for fiscal year 2005 as did analysts. Current Wall Street estimates of $2.57 per share are nearly 3% above one week ago levels.

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

For over 16 years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 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 +33%. 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 155.5% annually (+4.6% vs. +11.8%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks #1 Rank stocks and highlights those stocks poised to outperform the market. Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
subscribe, take

buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company";
 this free newsletter today by visiting http://at.zacks.com/?id=90.

The Zacks Rank, and all of its recommendations, is created by Zacks & Co., member NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
. Zacks.com displays the Zacks Rank with permission from Zacks & Co. on its web site for individual investors.

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 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register for a 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.

(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 & Poor's. The S&P 500 includes the reinvestment of all dividends, no transaction costs Transaction Costs

Costs incurred when buying or selling securities. 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 to buy or sell any security.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 3, 2005
Words:991
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