Zacks Buy List Highlights: Fossil, Western Wireless Corporation, Broadcom Corporation, and Quiksilver.

CHICAGO -- Zacks.com releases another list of stocks that are currently members of the coveted Zacks #1 Ranked list which has produced an average annual return of +34.2% since inception in 1988 and has gained +139.7% 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: Fossil, Inc. (NASDAQ:FOSL) and Western Wireless Corporation (NASDAQ:WWCA). Further they announced #2 Rankings (Buy) on two other widely held stocks: Broadcom Corporation (NASDAQ:BRCM) and Quiksilver, Inc. (NYSE:ZQK). 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:

Fossil, Inc. (NASDAQ:FOSL) is a design, development, marketing and distribution company that specializes in consumer products predicated on fashion and value. In May, Fossil reported first quarter diluted earnings of 22 cents per share on net sales of $199.4 million. That earnings result topped the consensus at the time by about +10% and beat the year-ago total, while net sales advanced +17.5% year-over-year. The company has now beaten Wall Street's quarterly earnings expectations for four consecutive quarters. Fossil stated its diversified brand and distribution strategy was critical in achieving better-than-expected results. Earnings estimates for this year, ending December 2004, remain above levels from three months ago by 6 cents, or about +5%. With sales growth across all segments and all major brands, Fossil appears to have solid momentum for the future. The company will report its next quarterly results on August 10.

Western Wireless Corporation (NASDAQ:WWCA) is a leading provider of wireless communications services to rural America. In May, Western Wireless posted consolidated net income of 32 cents per diluted share, which was as much as +166% better than the consensus at the time while also reversing a year-ago loss. It also marked the fourth straight quarter of earnings that eclipsed Wall Street's expectations. Consolidated total revenues of $448.9 million rose by +37% year-over-year. The company stated that the quarterly results demonstrate the continued solid performance of both it's businesses, highlighted by impressive net income from consolidated operations. Earnings estimates for the year ending December 2004 rose by 63 cents, or approximately +75%, in the past three months, which includes a rise of 21 cents, or about +17%, in the past two months. Strong results both domestically and internationally show that Western Wireless is off to a solid start in 2004, which is good news for shareholders moving forward.

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:

Broadcom Corporation (NASDAQ:BRCM) is a leading developer of highly integrated silicon solutions that enable broadband digital data transmission to the home and within the business enterprise. Broadcom is scheduled to report its next quarterly results on July 22nd. Earnings estimates for the year ending December 2004 remain above levels from three months ago by 14 cents, or about +13%. Late April saw the company report a solid first quarter, including pro form net income of 29 cents per diluted share. The result was more than +11% better than the consensus while easily exceeding the year-ago result. Meanwhile, net revenue reached $573.4 million, which was +75.1% atop the year-ago performance. By continuing its emphasis on execution and innovation, the company stated it has been able to attain record revenue levels while generating strong revenue growth on both a sequential and a year-over-year basis. The company continued by saying the strong revenue growth, along with its focus on tight cost controls, have improved many of its profitability metrics. Broadcom has several market opportunities for the future, which bodes well for shareholders, and could be in-line for further earnings estimate growth if it continues putting together successful quarters.

Quiksilver, Inc. (NYSE:ZQK) designs, produces and distributes clothing, accessories and related products for young-minded people and develops brands that represent a casual lifestyle-driven from a boardriding heritage. Quiksilver has put together 11 consecutive quarters with earnings per share that topped Wall Street's expectations. Most recently, in mid June, the company posted fiscal second quarter diluted earnings of 47 cents per share on consolidated revenues of $322.6 million. The earnings result was 7 cents better than last year and more than +2% in front of the consensus, while consolidated revenue jumped +23% year-over-year. The company said the keys to its ongoing success is its clear vision for its brands, ability to translate its lifestyle position into compelling marketing, a commitment to building a responsive global operating platform, and ability to design and distribute product that resonates with its consumers. Quiksilver also decided to increase its guidance for the fiscal third and fourth quarters. Earnings estimates for the year ending October 2004 moved forward 4 cents, or about +3%, in the past month. Quiksilver believes it is just scratching the surface of its potential in many categories and markets, which suggest that this company has plenty of room to ride.

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 +34.2% compared to the (a)S&P 500 return of only +12.0%. Plus this exclusive stock list has generated total gains of +139.7% 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 96.9% annually (12.0% vs. 6.1% respectively). Thus, the Zacks Rank system can truly be used to effectively manage the trading in your portfolio.

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