Zacks Buy List Highlights: Advent Software, Herman Miller, Inc., ARRIS, and Frontier Oil Corporation.

CHICAGO -- Zacks.com releases another list of stocks that are currently members of the coveted Zacks #1 Rank (Strong Buy) List. The #1 Rank stocks highlighted today are Advent Software, Inc. (NASDAQ:ADVS) and Herman Miller, Inc. (NASDAQ:MLHR). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: ARRIS (NASDAQ:ARRS) and Frontier Oil Corporation (NYSE:FTO). 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 ADVS and MLHR have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks:

Advent Software, Inc. (NASDAQ:ADVS) reported second-quarter earnings in mid-July. The result topped the consensus estimate by nine cents and reversed the year prior loss. The company mentioned that it saw its highest year-over-year quarterly revenue growth rate since the first quarter of 2002. Earnings estimates for the year ending December 2005 are above three months ago levels by eight cents, or almost 35%.

Herman Miller, Inc. (NASDAQ:MLHR) recently posted fiscal first-quarter earnings of 34 cents per share, outperforming last year's 20 cents and exceeding the consensus estimate by about 3%. Sales increased 20.6% year-over-year. The company noted that it generated double-digit sales and order growth in both its domestic and international operations this quarter. For its second quarter, MLHR expects earnings of 37 cents to 41 cents per share. The forecast is in line with Wall Street estimates. Current fiscal second-quarter estimates of 39 cents are approximately 18% ahead of last week's estimates.

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

ARRIS (NASDAQ:ARRS) earnings estimates for the year ending December 2005 climbed eight cents, or almost 21%, over the past 90 trading days. In late July, the company posted preliminary and unaudited financial results for the second quarter. Excluding items, earnings totaled 11 cents per share, which was ahead of the consensus estimate by approximately 22% and outpaced last year's second-quarter result. Revenues increased 34.6% year-over-year. ARRS noted that new technology approaches such as packet bonding for higher speed data transmission rates and the wide acceptance of VoIP service offerings are both creating and sustaining demand for innovative ARRIS products.

Frontier Oil Corporation (NYSE:FTO) earnings estimates for the year ending December 2005 climbed $1.42, or almost 55%, from one month ago. This advancement includes an increase of 16 cents, or approximately 4%, over the past seven trading days. In early August, the company announced second-quarter earnings of $1.16 per share, surpassing the consensus estimate by more than 11% and eclipsing the year prior result. The company mentioned that its balance sheet was in excellent shape at quarter end.

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About the Zacks Rank

For over 16 years, 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 +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 143.5% annually (+4.9% vs. +12%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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