Zacks Buy List Highlights: Chico's FAS, Mandalay Resort Group, Cypress Semiconductor, and Tibco Software.Business Editors CHICAGO--(BUSINESS WIRE)--Dec. 24, 2003 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 Ranked list which has produced an average annual return of +33.7% since inception in 1988 and has gained +100.3% since January 2000 when the market was in the grips of the worst bear market in 60 years. Among the #1 ranked stocks today we highlight the following companies: Chico's FAS, Inc., (NYSE NYSE See: New York Stock Exchange :CHS (Cylinder Head Sector) An earlier method of addressing a hard disk by referencing all three physical elements of the drive. It was superseded by logical block addressing (see LBA). ) and Mandalay Resort Group Mandalay Resort Group was a hotel-casino operator based in Las Vegas, Nevada. Its major properties included Mandalay Bay, Luxor, Excalibur and Circus Circus, as well as half of the Monte Carlo. (NYSE:MBG MBG Missouri Botanical Garden (Saint Louis) MBG Molecular Biology and Genetics (Cornell University department) MBG Money Back Guarantee MBG Matthaei Botanical Gardens (Ann Arbor, MI) ). Further they announced #2 Rankings (Buy) on two other widely held stocks: Cypress Semiconductor Cypress Semiconductor is a semiconductor design and manufacturing company. It began operations in 1982 and listed publicly in 1986. Two years later, the company shifted over to the New York Stock Exchange under the symbol, (NYSE: CY). Corporation (NYSE:CY) and Tibco Software 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 :TIBX TIBX Tibco Software Incorporated (NASDAQ symbol) ). To see the full Zacks #1 Ranked list or the rank for any other stock then visit. http://at.zacks.com/?id=88 Here is a synopsis of why these stocks have a Zacks Rank of 1 (Strong Buy). Note that a #1 Strong Buy rating is applied to 5% of all the stocks we rank: Chico's FAS, Inc., (NYSE:CHS) is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Early this month, Chico's reported strong results for both the November month and for its third quarter. For the month, sales jumped by +54.1% to $69.2 million while same-store sales for the company-owned stores advanced by +16.3%. For the quarter, Chico's reported net income of 30 cents per diluted share, which beat the year-ago total and surpassed the consensus by more than +11%. In addition, 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 by +53.4% to $211 million with same-store sales for the company-owned stores advancing by +20.9%. Earnings estimates for this year and next have moved forward by approximately +11% and +10% respectively over the past three months. Analysts expect more of the same from Chico's heading forward, and see earnings estimates for next year advancing by approximately +25% from this year. Investors that want to treat themselves to a special gift for the holidays may want to take a look at Chico's FAS. Mandalay Resort Group (NYSE:MBG) owns and operates 11 properties in Nevada. Mandalay Resort Group recently reported third quarter net income of 67 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. , excluding items, which easily surpassed the year-ago total. The result also beat the consensus by a little more than +8%. Operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. at its Las Vegas Strip The Las Vegas Strip (also known as The Strip) is a 4 mi (6.7 km) section of Las Vegas Boulevard South, most of which has been designated an All-American Road. properties jumped by +24%, while revenue per available room improved by +19%. Over the past month, earnings estimates for this year have improved by about 9 cents, or +4%. Meanwhile, expectations for next year moved forward by approximately 12 cents, or +5% in that timeframe. The Las Vegas area appears to be coming back, which bodes well for Mandalay Resort Group heading forward. In fact, analysts expect an approximate +12% improvement in next year's earnings result over this year's. With such a strong performance in the past, a position in Mandalay Resort Group may not be that much of a gamble. Here is a synopsis of why these stocks have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks we rank: Cypress Semiconductor Corporation (NYSE:CY) designs, develops, manufactures and markets a broad line of high-performance digital and mixed-signal integrated circuits for a range of markets, including data communications, telecommunications, computers, and instrumentation systems. Cypress Semiconductor recently raised its guidance for the fourth quarter 2003 for the second time in the quarter. The company now expects revenue of about $235 million and 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 14 cents per share. This compares to last month's guidance of revenue at $230 million and pro forma earnings of 12 cents per share. Cypress Semiconductor said its new guidance was due to an increase in demand for memory in networking equipment and wireless handsets, and to higher-than-expected USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. sales in consumer and computation systems. Over the past three months, earnings estimates for this year and next have risen by about 4 cents and 23 cents respectively, marking advances of about +50% for each period. That includes upward revisions of about 1-cent and 3 cents respectively in just the past seven trading days. It's a welcomed sign whenever a company raises guidance in the middle of a quarter, but to do it twice suggests that Cypress Semiconductor has solid momentum for the future. Tibco Software Inc. (NASDAQ:TIBX) is a leading provider of software solutions that enable businesses to integrate internal operations, business partners and customer channels in real- time. For its fiscal fourth quarter, Tibco recently reported non-GAAP net income of 4 cents per share on a fully diluted basis. That result surpassed the year-ago total by a penny while doubling the consensus. Tibco said that it extended its leadership as the industry's largest independent software provider of integration products for real-time business. During the quarter, the company added 64 new customers, and continued to strengthen and expand partnerships with key Systems Integrators and software vendors, such as Accenture (NYSE:ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ), Siebel (NASDAQ:SEBL SEBL Siebel Systems, Inc. (stock abbreviation, AMEX) ), and EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. (NYSE:EDS). Earnings estimates for this year, ending November 2004, and next, ending November 2005, have improved by about 3 cents and 6 cents respectively in just the past seven trading days, marking advances of +27% and 46%. Tibco is committed to growing its company profitably, and capitalizing on the momentum it has going into 2004. Investors may want to integrate Tibco into their portfolios to improve their own profitability. To truly take advantage of the Zacks Rank, you need to first understand how it works. That's why we created the free special report; "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions." Download your free copy now to prosper in the years to come. http://at.zacks.com/?id=89 About the Zacks Rank For over 15 years the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988 the #1 Ranked stocks have generated an average annual return of +33.7% compared to the (a)S&P 500 return of only +12.1%. Plus this exclusive stock list has generated total gains of +100.3% since January 2000 as the market suffered its worst downturn in 60 years. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). And since 1988 the S&P 500 has outperformed the Zacks #5 Ranked Strong Sells by 170.3% annually (12.1% vs. 4.5% respectively). Thus, the Zacks Rank system can truly be used to effectively manage the trading in your portfolio. For continuous coverage of Zacks #1 Ranked stocks, then get your free subscription to "Profit from the Pros" e-mail newsletter where we highlight #1 Ranked stocks poised to outperform the market. 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 our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit 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. 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