Zacks Buy List Highlights: Frontier Oil Corporation, Herman Miller, Inc., Cirrus Logic, Inc., and Goodrich Corporation.

CHICAGO -- Zacks.com releases another list of stocks that are currently members of the coveted Zacks #1 Rank (Strong Buy) List. The #1 Rank stocks highlighted today are Frontier Oil Corporation (NYSE:FTO) and Herman Miller, Inc. (NASDAQ:MLHR). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: Cirrus Logic, Inc. (NASDAQ:CRUS) and Goodrich Corporation (NYSE:GR). 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 FTO and MLHR have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks:

Frontier Oil Corporation (NYSE:FTO) will report financial results for the third quarter in early November. Current third-quarter earnings expectations of $1.63 per share indicate that analysts are optimistic about the quarter since the estimates are nearly 12% above one month ago levels. In early August, the company announced second-quarter earnings of $1.16 per share, surpassing the consensus estimate by more than 11% and eclipsing the year prior result.

Herman Miller, Inc. (NASDAQ:MLHR) posted fiscal first-quarter earnings of 34 cents per share last month, outperforming last year's 20 cents and exceeding the consensus estimate by about 3%. Sales increased 20.6% year-over-year. The company noted that it generated double-digit sales and order growth in both its domestic and international operations this quarter. Earnings estimates for the year ending May 2006 moved up eight cents, or about 6%, from two months ago.

Here is a synopsis of why CRUS and GR have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks ranked by Zacks:

Cirrus Logic, Inc. (NASDAQ:CRUS) recently announced fiscal second-quarter non-GAAP earnings of eight cents per share, outperforming the consensus estimate by about 14% and improving on the year ago total. The company mentioned that it achieved better than expected core revenue growth of 11% due to strong seasonal purchasing patterns. Earnings estimates for the year ending March 2006 are above one month ago levels by a penny, or 4%.

Goodrich Corporation (NYSE:GR) will report financial results for the third quarter on October 27, 2005. GR released its second-quarter earnings report in late July, which announced a full year 2005 increase in earnings guidance. The company cited its strong first half performance and the improving demand for its products as reasons for the improved forecast. Over the past three months, analysts revised 2005 earnings estimates upward by 15 cents, or almost 8%. GR's earnings per share for the second quarter were ahead of the consensus estimate by about 4% and outpaced the year prior result.

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About the Zacks Rank

For over 16 years, the 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 143.5% annually (+4.9% vs. +12%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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