Zacks Buy List Highlights: Emulex Corporation, Joy Global, Inc., AutoDesk, Inc. and Darden Restaurants.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 Ranked list. The #1 Ranked (Strong Buy) stocks highlighted today include the following companies: Emulex Corporation (NYSE NYSE See: New York Stock Exchange :ELX Elx, Spain: see Elche. ) and Joy Global, Inc. (NYSE:JOYG). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: AutoDesk, 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 :ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ) and Darden Restaurants Darden Restaurants, Inc. is a multi-brand restaurant operator. The firm owns several casual dining chain store, most notably Red Lobster and Olive Garden. Today, Darden owns and operates more than 1,300 restaurant locations throughout North America and has more than 150,000 , Inc. (NYSE:DRI See Digital Research. ). To see the full Zacks #1 Ranked list or the rank for any other stock visit http://at.zacks.com/?id=88 Stocks ranked #1 (Strong Buys) by Zacks have produced an average annual return of +33.4% since inception in 1988. During the recent bear market from 2000 through 2002, Zacks #1 Ranked stocks gained 43.8% while the S&P 500 tumbled 37.6%. 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 Zacks ranks: Emulex Corporation (NYSE:ELX) will report fiscal third quarter financial results on April 21, 2005. Fiscal full year 2005 earnings estimates advanced 6 cents, or about +8%, from two months ago. Recently, the company raised its non-GAAP earnings per share forecast to a range of 23 cents to 24 cents from its previous guidance of 18 cents to 20 cents. Emulex said it experienced a continuation of the broad strengthening of demand that occurred in the December quarter, resulting in record sales of its Fibre Channel solutions and delivering its first quarter that exceeded $100 million in revenue. Joy Global, Inc. (NYSE:JOYG) earnings estimates for the year ending October 2005 are 34 cents, or approximately +25%, above two months ago levels. In late February, the company posted fiscal first quarter earnings of 27 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. , soaring past last year's 1 cent and surpassing the consensus by almost +29%. 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 35% to $384 million, versus last year's $284 million. The company stated that its incoming customer order rates continue to exceed sales, and its production and material sourcing continue to increase. Joy Global will report fiscal second quarter earnings on May 31, 2005. 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 ranked by Zacks: AutoDesk, Inc. (NASDAQ:ADSK) recently commented that it is seeing increased global demand across all of its industries. The company also issued a revised fiscal first quarter earnings forecast of between 27 cents and 29 cents per share and a net revenue projection of $340 million to $350 million. For the second quarter, AutoDesk is expecting net revenues of $335 million to $345 million and earnings of 21 cents to 23 cents per share. Analysts increased earnings estimates for the year ending January 2006 by 6 cents, or almost +6%, from one month ago. Darden Restaurants, Inc. (NYSE:DRI) recently reported that same-restaurant sales at Olive Garden  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . were up +9% to +10% for fiscal March, while same-restaurant sales at Red Lobster improved +3% to +4%. Late March saw the company post fiscal third quarter earnings per share of 56 cents, which surpassed the consensus by almost +10%. Total sales advanced +10.8% to $1.38 billion. Darden Restaurants said that its sales and earnings growth were among the strongest in causal dining. Earnings estimates for the year ending May 2005 improved 9 cents, or about +5%, over the past month. 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," is available free to provide this insightful background. Download a 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 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 the #1 Ranked stocks have generated an average annual return of +33.4%. During the recent Bear market from 2000 through 2002, the Zacks #1 Ranked 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). And since 1988 the S&P 500 has outperformed the Zacks #5 Ranked Strong Sells by 133.5% annually (12.21% vs. 5.23% respectively). Thus, the Zacks Rank system can truly be used to effectively manage the portfolio trading. Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks #1 Ranked stocks highlighting those 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 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion