Zacks Buy List Highlights: Infosys Technologies Limited, Precision Castparts Corp., American Oil & Gas, Inc., and Knight Capital Group, Inc.CHICAGO -- Zacks.com releases the latest list of Zacks Rank Buy Stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are Infosys Technologies Limited (Nasdaq:INFY INFY Infosys Technologies Ltd (stock symbol) ), Precision Castparts Corp. (NYSE NYSE See: New York Stock Exchange :PCP PCP abbr. 1. phencyclidine 2. primary care physician Pneumocystis carinii pneumonia (PCP) ), American Oil & Gas, Inc. (AMEX AMEX See: American Stock Exchange :AEZ AEZ Agri-Export Zone AEZ Acrodermatitis Enteropathica, Zinc-Deficiency Type AEZ Alkaline Earth Zeolite AEZ Air Exclusion Zone (aviation no-fly area) ), and Knight Capital Group, Inc. (Nasdaq:NITE nite n. Informal Night. ). Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32.4% 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%. To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88 Here is a synopsis of today's Zacks Rank Buy Stocks: Aggressive Growth - Infosys Technologies Limited (Nasdaq:INFY) Infosys Technologies Limited is growing much faster than its industry. INFY has exceeded earnings estimates in 10 out of the past 13 quarters. Nine analysts have raised their estimates for this year, while five have done so for next year. Over the past two months, this year's estimates have risen 5.5% to $1.34 per share, while next year's numbers have increased 4.5% to $1.62 per share. Growth & Income - Precision Castparts Corp. (NYSE:PCP) Precision Castparts Corp. topped analysts' earnings expectations in 14 straight quarters, most recently by 16.2% in the first quarter of fiscal 2007. Earnings per share for this Zacks #1 Rank stock are forecasted to grow 16% over the next 3-5 years. Consensus estimates have been on the rise and PCP's return on equity exceeds that of the industry average--19% compared to 12%. Momentum - American Oil & Gas, Inc. (AMEX:AEZ) American Oil & Gas, Inc. reported EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of six cents on Aug 11. This compares with zero EPS one year earlier and represented a 400% positive earnings surprise over analysts' estimates. With such a strong move up on Friday, AEZ now looks as if it is capable of challenging its high of $8.15 set back on Sep 29, 2005. Value - Knight Capital Group, Inc. (Nasdaq:NITE) Knight Capital Group, Inc., a Zacks #1 Rank stock, exceeded analysts' earnings expectations for the past five quarters by an average margin of 79.5%. NITE has a price-to-book ratio of 1.9, compared to 5.0 for the market. During the second quarter the company repurchased 1.4 million shares for approximately $23.4 million. 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 Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." A $10,000 investment in the Zacks Rank list made in 1988 would now be worth $1.80 million - equivalent to a 32.4% annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return! 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 145.9% annually (+4.7% vs. +11.6%). 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 Rank Buy stocks and highlights those stocks poised to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. 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. 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 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion