Zacks Buy List Highlights: Brightpoint Inc., M Systems Flash Disk Pioneers Ltd., Earthlink and Pride International.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 Brightpoint 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 :CELL) and M Systems Flash Disk Pioneers Ltd. (NASDAQ:FLSH). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: Earthlink Inc. (NASDAQ:ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ) and Pride International, Inc. (NYSE NYSE See: New York Stock Exchange :PDE PDE Pennsylvania Department of Education PDE Plug-In Development Environment PDE Partial Differential Equation PDE Phosphodiesterases PDE Personal Digital Entertainment PDE Pulse Detonation Engine PDE Product Data Exchange PDE Present-Day English ). 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 CELL and FLSH have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks: Brightpoint Inc. (NASDAQ: CELL) earnings estimates for the year ending December 2005 increased by seven cents, or almost 8%, over the past 60 trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. . Full year 2006 estimates are above two months ago levels by 11 cents, or approximately 10%. In early November, the company released third-quarter earnings of 30 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. . The result matched the consensus estimate and outperformed the year prior total. The company believes that 2006 has the potential, given all the positive recent trends, to be a record year in the number of wireless handsets sold in the global wireless industry. M Systems Flash Disk Pioneers Ltd. (NASDAQ: FLSH) earnings estimates for the 2005 full year advanced eight cents, or nearly 8%, over the past 60 trading days. Estimates for the year ending December 2006 climbed 10 cents, or about 7%, from two months ago. In early November, the company posted third-quarter earnings of 34 cents per share, outpacing last year's 16 cents and jumping ahead of the consensus estimate by 36%. FLSH commented that continued strong performance in its target markets, coupled with the strategic initiatives it has undertaken, positions it for continued success in the fourth quarter and beyond. Here is a synopsis of why ELNK and PDE have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks ranked by Zacks: Earthlink Inc. (NASDAQ: ELNK) reported third-quarter earnings in mid-October. The result topped analysts' expectations by nearly 22% and beat the previous year's total. The company said it, once again, achieved strong financial results with one of its most profitable quarters on record. During the past five consecutive quarters, ELNK was ahead of Wall Street estimates four times and matched estimates the other time. Pride International, Inc. (NYSE: PDE) announced third-quarter earnings in early November, surpassing the consensus estimate by 35% and eclipsing the year prior result. PDE stated that increased rig demand worldwide, particularly in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east where it has sizable exposure, contributed to improved earnings and cash flow. Earnings estimates for the year ending December 2005 advanced by seven cents, or 10%, over the past 30 trading days. For the 2006 full year, estimates moved up 20 cents, or almost 11%, from one month ago. 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 Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. 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 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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