Zacks Buy List Highlights: Genesis Microchip, Thomas & Betts Corp., Mentor Graphics Corp., and Siliconware Precision Industries Co.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 Genesis Microchip Genesis Microchip Inc. is a leading edge world wide supplier of integrated circuits (ICs) for video processors in flat panel LCD TVs and Monitors. Founded in 1987 by Paul Russo [9] in Markham, Ontario, Canada and it became a public company in 1998 [10] and now , 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 :GNSS (Global Navigation Satellite System) The European term for a global satellite-based radio navigation system. See Galileo. ) and Thomas & Betts Corp. (NYSE NYSE See: New York Stock Exchange :TNB TNB Tenaga Nasional Berhad (electric power utility in Malaysia) TNB Tacoma Narrows Bridge TNB Thomas and Betts TNB Trinitrobenzene TNB Télévision Nationale du Burkina (Burkina Faso) ). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: Mentor Graphics Mentor Graphics, Inc (NASDAQ: MENT) is a US-based multinational corporation dealing in electronic design automation (EDA) for electrical engineering and electronics, as of 2004, ranked third in the EDA industry it helped create. Corp. (NASDAQ:MENT) and Siliconware Precision Industries Co. Ltd. (NASDAQ:SPIL SPIL Signal Processor In the Loop SPIL Society of Petroleum Industry Leaders (Naked Gun 2½: The Smell of Fear) SPIL Siliconware Precision Industries Limited (Taiwan) ). 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 GNSS and TNB have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks: Genesis Microchip, Inc. (NASDAQ:GNSS) recently announced fiscal second-quarter non-GAAP earnings of 31 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. , beating the consensus estimate by almost 48% and improving on last year's total. The company mentioned that it once again delivered a strong quarterly performance in its revenues, gross margins, profitability and unit volumes. Earnings estimates for the year ending March 2006 moved up 15 cents, or approximately 20%, over the past 30 trading days. Thomas & Betts Corp. (NYSE:TNB) recently posted third-quarter earnings of 57 cents per share, exceeding analysts' expectations by almost 19% and surpassing the previous year's result. Sales grew by 12.1% year-over-year. The company said solid sales momentum in most of its markets and continued productivity improvements combined to deliver very strong earnings performance in the quarter. TNB also raised its 2005 full year guidance to a range of $1.95 to $2.00 per share. Current Wall Street earnings estimates are $1.96 for the year, which is an upward revision of nearly 8% from one month ago. Here is a synopsis of why MENT and SPIL have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks ranked by Zacks: Mentor Graphics Corp. (NASDAQ:MENT) issued its report for the third quarter in mid-October. The company announced record revenue of $164.8 million and non-GAAP earnings of four cents per share. The earnings result eclipsed the consensus estimate by roughly 233% and revenue improved nearly 2% year-over-year. The company reaffirmed its non-GAAP earnings guidance of 50 cents per share for the full year 2006. Analysts' estimates of 51 cents are about 6% above one month ago levels. For 2005, earnings estimates increased by approximately 11% from one month ago. Siliconware Precision Industries Co. Ltd. (NASDAQ:SPIL) recently posted third-quarter earnings of 14 cents per share, beating the consensus estimates by almost 8% and outperforming the year prior total. Sales revenues for the third quarter grew 28.9% year-over-year. Earnings estimates for the year ending December 2005 moved up four cents, or almost 10%, over the past 30 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 +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 155.5% annually (+4.6% vs. +11.8%). 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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