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Zacks Buy List Highlights: Atheros Communications, Inc., Nordson Corporation, Analogic Corporation, and Commercial Metals Company.


CHICAGO -- 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 Atheros Communications, Inc. (Nasdaq:ATHR ATHR Autothrust System ), Nordson Corporation (Nasdaq:NDSN NDSN National Drug Strategy Network ), Analogic Corporation This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article.  (Nasdaq:ALOG ALOG Army Logistician (Magazine)
ALOG Army Logistics
ALOG Activity Log
ALOG AWIS Logistics
), and Commercial Metals Company Commercial Metals Company NYSE: CMC is an United States based steel and metal manufacturer founded in 1915. It owns four steel minimills in Texas, Alabama, South Carolina and Arkansas, one copper minimill (Howell Metal Company) in Virginia, fabricators, and recyclers in the  (NYSE NYSE

See: New York Stock Exchange
:CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled.

1.
).

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%. 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 - Atheros Communications, Inc. (Nasdaq:ATHR)

Atheros Communications is well positioned in the fast growing WLAN See wireless LAN.

WLAN - wireless local area network
 market. The company has met or exceeded analyst estimates for five consecutive quarters. In the most recent quarter, ATHR surprised by 57%, which caused a huge spike in the stock. Eight different analysts raised their numbers for 2006. Over the past 60 days, 2006 estimates have increased 44.4% to 52 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.
.

Growth & Income - Nordson Corporation (Nasdaq:NDSN)

Nordson Corporation, a Zacks #1 Rank stock, recently announced record revenues, profits and earnings per share in the first quarter of fiscal 2006. Backlog at the end of the first quarter stood at approximately $100 million. The company has met or exceeded the Street's estimate in nine of the past 10 quarters. Earnings per share grew 16.5% over the past five years and are forecasted to grow 12.0% over the next 3-5 years. The company is currently yielding 1.4% and has a five-year average dividend yield of 2.0%.

Momentum - Analogic Corporation (Nasdaq:ALOG)

Analogic is breaking out of a six year trading range Trading Range

The spread between the high and low prices traded during a period of time.

Notes:
When a stock breaks through or falls below its trading range after several days of trading in a range, it usually means there is momentum (positive or negative) building.
. For the momentum trader the key question was, "Did the one day explosion reflect all of the good news?" For the Momentum investor, yesterday's market action reflects that a new major uptrend may be forming. On Mar 22, 2006 ALOG again gapped higher and closed at a new historic high on very heavy trading volume Trading volume

The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares.
. While yesterday's gap wasn't as significant as the Mar 9 earnings surprise gap, still the ability of this stock to continue to make new highs is impressive.

Value - Commercial Metals Company (NYSE:CMC)

Commercial Metals Company recently reported its strongest second quarter ever. Furthermore, it served as the second best quarter in the history of the firm. The company remains very optimistic for the third quarter and second half of fiscal 2006. Analysts' earnings estimates for fiscal 2006 and fiscal 2007 have been on the rise. CMC recently boosted it quarterly dividend by 66.7%. This Zacks #1 Rank stock has a price-to-book (P/B P/B

See: Price to book ratio
) multiple of 2.7.

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 17 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 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 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.

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 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.

(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 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 24, 2006
Words:980
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