Zacks Buy List Highlights: Broadcom Corp., Electronics for Imaging, Timken Co., and WESCO 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 Broadcom Corp. (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 :BRCM BRCM Broadcom Corporation (stock abbreviation, AMEX) BRCM Master Chief Boilermaker (USN rating) ) and Electronics for Imaging (NASDAQ:EFII EFII Electronics for Imaging Inc (Foster City, CA) ). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: Timken Co. (NYSE NYSE See: New York Stock Exchange :TKR TKR Total Knee Replacement TKR Team Knight Rider (TV show) TKR Team Kiwi Racing TKR Tusen Kronor (Swedish currency) TKR Te Kohanga Reo (New Zealand) ) and WESCO International, Inc. (NYSE:WCC WCC n abbr (= World Council of Churches) → COE m (Conseil œcuménique des Églises) WCC n abbr (= World Council of Churches) → Weltkirchenrat m ). 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 BRCM and EFII have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks: Broadcom Corp. (NASDAQ:BRCM) released unaudited third-quarter pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma non-GAAP earnings of 39 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. in mid-October, outpacing last year's 36 cents and topping the consensus estimate by almost 3%. The company noted that its revenue and net income reached record levels in the third quarter, driven by continued broad-based strength within its major target end markets. Earnings estimates for the year ending December 2005 climbed two cents, or approximately 1% over the past 30 trading days. Electronics for Imaging (NASDAQ:EFII) earnings estimates for the year ending December 2005 increased 10 cents, or 12%, from two months ago. In mid-October, the company posted third-quarter pro forma earnings pro forma earnings Income not necessarily calculated in accordance with generally accepted accounting principles. For example, a company might report pro forma earnings that exclude depreciation expense and nonrecurring expenses such as restructuring costs. of 35 cents per share, exceeding the consensus estimate by almost 13% and outpacing the year prior result. The company said its Fiery controller business exceeded expectations, as EFII continues to experience stronger than anticipated customer demand for Fiery technology across its OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners. Here is a synopsis of why TKR and WCC have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks ranked by Zacks: Timken Co. (NYSE:TKR) announced third-quarter earnings of 58 cents per share, excluding special items, in late October. The result more than doubled last year's 27 cents and surpassed the consensus estimate by about 9%. The company said it delivered strong performance this quarter as it continued to capitalize on the ongoing strength of global industrial markets. TKR is increasing its 2005 full year earnings estimate, excluding special items, to $2.55 to $2.65 per share from the prior estimate of $2.40 to $2.55. Current Wall Street estimates of $2.62 are above one month ago levels by roughly 2%. WESCO International, Inc. (NYSE:WCC) earnings estimates for the year ending December 2005 advanced three cents, or about 1%, over the past 30 trading days. In mid-October, the company reported third-quarter earnings that topped the consensus estimate by 12.5% and outperformed the year ago result. 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 increased 16% year-over-year. The company said strong sales growth from good demand in its end markets and excellent market development and customer service activities combined to deliver record sales for the quarter. 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 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 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. *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. |
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