Printer Friendly
The Free Library
14,679,065 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Zacks Buy List Highlights: Western Digital Corporation, Thor Industries, Inc., AK Steel Holding Corporation, and Hornbeck Offshore Services, 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 Western Digital Corporation (NYSE NYSE

See: New York Stock Exchange
:WDC WDC Washington DC, USA
WDC Western Digital Corporation
WDC World Data Center
WDC Warwick District Council (UK)
WDC World Diamond Council
WDC Workforce Development Center
WDC Wisconsin Democracy Campaign
), Thor Industries Thor Industries, Inc. is a manufacturer of recreation vehicles and mid-sized commercial buses. History
Thor Industries, Inc., was founded on August 29, 1980, when Wade F. B. Thompson and Peter B. Orthwein acquired Airstream.
, Inc. (NYSE:THO tho also tho'  
conj. & adv. Informal
Though.

Noun 1. Tho - a branch of the Tai languages
Tai - the most widespread and best known of the Kadai family of languages
), AK Steel Holding Corporation (NYSE:AKS), and Hornbeck Offshore Services Hornbeck Offshore Services NYSE: HOS is a publicly traded corporation headquartered in Covington, Louisiana providing offshore drilling and support services in the Gulf of Mexico and other areas. , Inc. (NYSE:HOS).

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 - Western Digital Corporation (NYSE:WDC)

The rise in earnings estimates for disk-drive maker Western Digital suggests that fears about downward pressure on margins are overblown o·ver·blown  
v.
Past participle of overblow.

adj.
1.
a. Done to excess; overdone: overblown decorations.

b.
. Over the past 60 days, expectations have been upped for fiscal 2006 and fiscal 2007. Based on these forecasts, WDC is likely to continue to report strong growth.

Growth & Income - Thor Industries, Inc. (NYSE:THO)

Thor Industries, Inc., a Zacks #1 Rank stock, recently reported record revenues, profits and earnings per share for the second quarter and first six months of fiscal 2006. Backlog at the end of January was the highest in the company's history. The Board of Directors at THO recently voted to increase its quarterly dividend 40%. The company's return on equity is more than twice that of the industry average.

Momentum - AK Steel Holding Corporation (NYSE:AKS)

AK Steel is a takeover candidate that reported a positive fourth quarter earnings surprise. It's always a challenge to forecast takeover stocks and AKS is no exception. It is significant to note that the gap created on Mar 2, when news of the takeover talks surfaced, broke a major downtrend downtrend

A series of price declines in a security or the general market. Many analysts feel that investors should avoid securities in a downtrend until the pattern is broken. Compare uptrend.
 line, drawn from the peak more than a year ago. That peak was set on Feb 28, 2005 at 18.23. Also important to note is that the gap created on Mar 2 has yet to be filled. Clearly this is a stock reacting to an impressive earnings surprise with other factors built in.

Value - Hornbeck Offshore Services, Inc. (NYSE:HOS)

Hornbeck Offshore Services, Inc., a Zacks #1 Rank stock, recently reported record 2005 fourth-quarter and year-end results. Earnings per share are forecasted to grow 42.0% over the next 3-5 years. With the stock trading at a valuation of 13.2x its current fiscal-year estimated earnings, a PEG ratio PEG Ratio

See: Prospective earnings growth ratio


PEG ratio

See price-earnings/growth ratio (PEG ratio).
 of 0.31 is calculated. HOS has a price-to-book multiple of 2.0.

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 17 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 Rank Buy 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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Mar 10, 2006
Words:937
Previous Article:Fuel-Tech N.V. Reports Record Fourth-Quarter and Full-Year Results; Quarterly and Annual Revenues up 110% and 72%, Respectively.
Next Article:Pro-Pharmaceuticals Reports Unaudited Fourth Quarter and Full Year 2005 Financial Results; Annual Shareholders Meeting Scheduled for May 25th.
Topics:



Related Articles
Zacks Issues Buy Recommendations on the Following 6 Stocks: ADTRAN, Avid, Western Digital, Mylan, SanDisk and Hutchinson.
Zacks Buy List Highlights: SanDisk, Standard Pacific, Electronic Arts, and Western Digital.
Zacks Buy List Highlights: Mercury Interactive Corporation, Toll Brothers, QLogic Corporation and Western Digital Corporation.
Zacks Buy List Highlights: Baker Hughes, Eastman Chemical Co., WebMD Corporation, and Western Digital Corporation.
Zacks Buy List Highlights: Digital River, Inc., J.B. Hunt Transport Services, Inc., Whirlpool Corporation, and Nucor Corporation.
Zacks Buy List Highlights: Ditech Communications Corporation, Applied Industrial Technologies, Inc., Stamps.com, Inc., and Reliance Steel & Aluminum...
Zacks Buy List Highlights: Smith International, Inc., Morgan Stanley, Sotheby's Holdings, Inc., and Steel Dynamics, Inc.
Zacks Buy List Highlights: Psychiatric Solutions, Inc., Golden West Financial Corporation, Olympic Steel, Inc., and Marinemax, Inc.
Zacks Buy List Highlights: Cutera, Inc., Jefferies Group, Inc., AMCOL International Corporation, and Novamerican Steel, Inc.
Zacks.com announces that Charles Carlson highlights the following stocks: ConocoPhillips, Motorola, CSX Corporation, Freescale Semiconductor and...

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles