Zacks Buy List Highlights: Herman Miller, Mylan Laboratories, Emulex Corp., and Ingram Micro.

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 Herman Miller, Inc. (NASDAQ:MLHR) and Mylan Laboratories, Inc. (NYSE:MYL). Further, Zacks announced #2 Rankings (Buy) on two other widely held stocks: Emulex Corp. (NYSE:ELX) and Ingram Micro, Inc. (NYSE:IM). 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 MLHR and MYL have a Zacks Rank of 1. Note that a #1 Strong Buy rating is applied to only 5% of all the stocks Zacks ranks:

Herman Miller, Inc. (NASDAQ:MLHR) posted fiscal fourth quarter earnings of 31 cents per share, the highest level in four years. The result, which was reported in late June, topped the consensus estimate by almost 15% and eclipsed the year ago result. The company mentioned that outstanding performance in its domestic markets helped it to exceed its consolidated sales estimate for the quarter. Earnings estimates for the year ending May 2006 moved up nine cents, or about 7%, from three months ago.

Mylan Laboratories, Inc. (NYSE:MYL) reported fiscal first-quarter adjusted earnings of 26 cents per share in mid-July, exceeding the consensus estimate by approximately 8% and surpassing last year's 24 cents. The company also reaffirmed its fiscal 2006 earnings guidance of 92 cents to $1.15 per share. Analysts are in agreement as indicated by the most recent earnings estimates of $1.01 per share, which is almost 11% above two months ago levels.

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

Emulex Corp. (NYSE:ELX) recently announced fiscal fourth-quarter record non-GAAP earnings of 30 cents per share, jumping ahead of the consensus estimate by 25%. The company said broad strength was evident in its fourth quarter results as revenues grew sequentially and year over year across all major product categories, geographies and channels. Earnings estimates for the year ending June 2006 are above one month ago levels by 10 cents, or 10%.

Ingram Micro, Inc. (NYSE:IM) recently released second-quarter non-GAAP earnings of 30 cents per share, beating the consensus estimate by about 11% and outpacing last year's 16 cents. The company noted that sales grew at a double-digit rate for the seventh consecutive quarter. Full year 2005 earnings estimates climbed seven cents, or approximately 5%, over the past 30 trading days.

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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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Zacks.com Alex Kolb, 312-630-9880 Ext. 149 [e-mail] www.zacks.com