Zacks Buy List Highlights: Redback Networks Inc., Allegheny Technologies Incorporated, Merix Corporation, and The Savannah Bancorp, 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 Redback Networks Inc. (Nasdaq:RBAK), Allegheny Technologies Incorporated (NYSE:ATI), Merix Corporation (Nasdaq:MERX), and The Savannah Bancorp, Inc. (Nasdaq:SAVB).

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%. 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 - Redback Networks Inc. (Nasdaq:RBAK)

Redback Networks Inc. has met or exceeded earnings estimates in four out of the past five quarters, with three different analysts raising their numbers for 2006. Over the past seven days, next year's estimates have increased 6.4% to 50 cents per share. RBAK is trading at 44x those estimates, above the long-term growth rate of 25%, giving the stock a PEG ratio of 1.76.

Growth & Income - Allegheny Technologies Incorporated (NYSE:ATI)

Allegheny Technologies Incorporated reported impressive financial results for the fourth quarter and full year of 2005 in late January. Analysts' earnings estimates for 2006 and 2007 have been trending higher. Earnings per share for this Zacks #1 Rank stock are projected to grow 20.0% over the next 3-5 years. The company has a five-year average dividend yield of 4.3% and a return on equity of 52%.

Momentum - Merix Corporation (Nasdaq:MERX)

Merix Corporation, like many of the 1999 to 2000 high flying stocks, appears to be breaking major downtrend lines. In MERX's case the trading action of Mar 31 broke a major Fibonacci downtrend drawn from the high made on Sep 25, 2000 at $69. Closing above this downtrend, combined with the positive earnings report, gap and volume is convincing evidence that a new uptrend is in place.

Value - The Savannah Bancorp, Inc. (Nasdaq:SAVB)

The Savannah Bancorp, Inc., a Zacks #1 Rank stock, recently beat the fourth quarter earnings consensus by 13.7%. Financial results for the quarter and full year 2005 were solid. Furthermore, the Board of Directors approved an increase in its quarterly dividend. The company's ROE is 18%, compared to 12% for the industry average. SAVB has a price-to-book (P/B) multiple of 2.7.

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About the Zacks Rank

For over 17 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 155.5% annually (+4.6% vs. +11.8%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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