Zacks Buy List Highlights: Cal Dive International, Inc., Kopin Corp., Consolidated Edison, and Lexar Media.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 Cal Dive International, 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 :CDIS CDIS Center for Distance and Independent Study CDIS Chengdu International School (Chengdu, China) CDIS Counter Drug Intelligence System CDIS Combined DNA Identification System CDIS Care Detail Information System ) and Kopin Corp. (NASDAQ:KOPN). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: Consolidated Edison This article is about the utility company in New York. For ComEd in Illinois, see Commonwealth Edison. Consolidated Edison, Inc. NYSE: ED is one of the largest investor-owned energy companies in the United States. , Inc. (NYSE NYSE See: New York Stock Exchange :ED) and Lexar Media, Inc. (NASDAQ:LEXR). 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 CDIS and KOPN have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks: Cal Dive International, Inc. (NASDAQ:CDIS) earnings estimates for the year ending December 2005 climbed 27 cents, or about 8%, from one month ago. For the 2006 year, current estimates are $4.92 per share, which is almost 16% above one month ago levels. In early November, the company reported third-quarter earnings of $1.05 per share, exceeding the consensus estimate by approximately 22% and improving on last year's 59 cents. The company mentioned that due to the strength of its business model, it produced another record quarter for both earnings and cash flow. Kopin Corp. (NASDAQ:KOPN) earnings estimates for the year ending December 2005 jumped seven cents, or nearly 78%, over the past 30 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 earnings estimates increased four cents, or nearly 31%, over the same time period. In early November, KOPN announced third-quarter earnings of eight 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. , reversing last year's loss of two cents and surging past the consensus estimate by 700%. The company noted that it delivered record performance on the top and bottom line. Here is a synopsis of why ED and LEXR have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks ranked by Zacks: Consolidated Edison, Inc. (NYSE:ED) posted third-quarter earnings of $1.17 per share in mid-October, topping the consensus estimate by almost 2% and surpassing the year prior result. The company said warmer than normal summer weather pushed electricity usage in its service territories to record levels. ED expects its earnings for the 2005 full year to be in the range of $2.85 to $2.95 per share, up from a previous guidance of $2.75 to $2.90. Analysts are in agreement as evidenced by current estimates of $2.91, which is slightly higher than two months ago levels of $2.89. Lexar Media, Inc. (NASDAQ:LEXR) released fiscal third-quarter earnings of three cents per share in late October. The result reversed last year's loss of four cents and soared past the consensus estimate by 150%. Total revenues increased 15% year-over-year. During the past five consecutive quarters, Lexar Media's earnings were ahead of analysts' expectations three times and matched estimates once. 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 Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. 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. 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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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