Zacks Buy List Highlights: Emulex Corporation, Scientific-Atlanta, Inc., Albertson's, Inc., and Comtech Telecommunications Corporation.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 Emulex Corporation (NYSE NYSE See: New York Stock Exchange :ELX Elx, Spain: see Elche. ) and Scientific-Atlanta, Inc. (NYSE:SFA See sales force automation. SFA - Sales Force Automation ). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: Albertson's, Inc. (NYSE:ABS) and Comtech Telecommunications Corporation (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 :CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ). 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 +32.8% 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 ELX and SFA have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks: Emulex Corporation (NYSE:ELX) earnings estimates for the year ending June 2005 moved up five cents, or almost 7%, from two months ago. In late April, the company posted fiscal third quarter non-GAAP earnings per share of 25 cents, surpassing the consensus estimate by almost 9%. Revenues grew 4% year-over-year. The company mentioned as part of its ongoing growth and diversification strategy, it is continuing to press forward with engineering, sales and marketing investments as it leverages its lead in 4 gigabit technologies and launches innovative new solutions for emerging markets and new customers. Scientific-Atlanta, Inc. (NYSE:SFA) announced fiscal third-quarter earnings of 40 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 late April, exceeding the consensus estimate by almost 3%. Sales equaled $489.5 million, which was a 12% increase from last year's third quarter. The company noted that business is executing very well and believes it is well positioned moving forward. Analysts seem to agree and have raised earnings estimates for the year ending this month by four cents, or almost 3%, 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. . Here is a synopsis of why ABS and CMTL have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks ranked by Zacks: Albertson's, Inc. (NYSE:ABS) recently released earnings of 29 cents per share for the fiscal first quarter. The result almost doubled last year's earnings of 15 cents and jumped ahead of the consensus estimate by about 7%. Total sales grew 16% year-over-year. The company also reaffirmed its earnings per share guidance of between $1.37 and $1.47 per diluted share for the year ending January 2006. Analysts responded by bringing earnings estimates up one penny to $1.37 per share over the past seven trading days. Comtech Telecommunications Corporation (NASDAQ:CMTL) recently posted fiscal third-quarter earnings of 32 cents per share, improving on last year's result and beating the consensus estimate by approximately 33%. 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 advanced from $51.2 million last year to $75.4 million. The company commented that strong increases in sales were experienced in all three business segments. Earnings estimates for the year ending July 2005 advanced three cents, or about 2%, over the past seven trading days. 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 +32.8%. 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 (+4.65% vs. +11.88%). 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 to buy or sell any security. |
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