Zacks Industry Rank Analysis Highlights: Arch Capital Group, Ltd., RenaissanceRe Holdings, Ltd., Reliance Steel & Aluminum Co., Allegheny Technologies Incorporated, Carpenter Technology Corporation.CHICAGO -- Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis include Arch Capital Group, Ltd. (Nasdaq: ACGL ACGL Arch Capital Group Ltd. ACGL Automobile Corporation of Goa Limited ACGL Alternative County Government Law ), RenaissanceRe Holdings, Ltd. (NYSE NYSE See: New York Stock Exchange : RNR RNR Rock 'N Roll RNR Royal Naval Reserve RNR Ribonucleotide Reductase RNR Receive Not Ready (ITU-T; ISDN) RNR Research News Reporter RNR Rest and Relaxation RNR Registry of Nursing Research RNR Rest and Recreation ), Reliance Steel & Aluminum Co. (NYSE: RS), Allegheny Technologies Allegheny Technologies, Inc. NYSE: ATI is a specialty metals company headquartered in Pittsburgh, Pennsylvania, USA. It is the 17th largest employer in Allegheny County and one of the last "steel" companies with its headquarters in "The Steel City" and major manufacturing Incorporated (NYSE: ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) and Carpenter Technology Corporation Carpenter Technology Corporation (NYSE:CRS) is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. (NYSE: CRS CRS Course CRS Certified Residential Specialist (real estate certification) CRS Central Reservation System CRS Can't Remember Stuff (polite form) CRS Cost Reduction Strategy CRS Consumer Relations Specialist ). To see the Zacks Industry Rank and the trend in earnings estimates revisions for all 208 industry groups, visit http://at.zacks.com/?id=3154. Zacks Industry Rank Analysis written by Charles Rotblut, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , Senior Market Analyst for Zacks.com. Hurricane season Hurricane season refers to a period in a year when hurricanes usually form. For more information see: Tropical cyclone#Times of formation. For a lists of past seasons, see:
There are currently 10 Zacks #1 Rank stocks in the Insurance-Property/Casualty group. The bullish sentiment is not only being influenced by the weather, but also higher premiums and the financial markets. Insurers are large investors and therefore strength in the financial markets helps their returns. Thus, estimates are being revised upwards on companies such as Arch Capital Group, Ltd. (Nasdaq: ACGL) and RenaissanceRe Holdings, Ltd. (NYSE: RNR). The full-year consensus estimate for ACGL has been pushed upwards several times over the past 60 days, resulting in a two-month increase of 26 cents. The current projection calls for the company to earn $7.68 this year. A similar trend exists for 2007, with estimates rising 30 cents, over the past 60 days, to $8.01 per share. Zacks Equity Research analyst Ann Northrop reiterated her buy rating on RNR a couple of weeks ago. Northrop expects price firming in the cat-re market, but also likes RenaissanceRe's underwriting discipline and conservative reserving philosophy. Brokerage analysts also view the company in a favorable light. During the past two months, the full-year consensus estimate has risen 29 cents to $8.35 per share. For 2007, the consensus estimate has risen 55 cents to $8.26 per share. Both ACGL and RNR are on the Zacks #1 Rank List. The Wall Street Journal ran an article last week suggesting the possibility of a glut glut pronounced as rut, slut Vox populi An excess of a service or skilled labor in a particular area. See Physician glut. in steel. Citing statistics from the Metal Service Center, the Journal stated that inventories are at their highest level since January 2005. The trends in earnings estimates suggest a more optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op outlook. Reliance Steel & Aluminum Co. (NYSE: RS), a Zacks #1 Rank stock, raised its guidance for third-quarter profits to a range of $1.35 to $1.40 per share last week. (The company had previously projected profits of $1.15 to $1.20 per share.) CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. David Hannah David Hannah (born August 4, 1973 in Coatbridge) is a Scottish footballer who currently plays in central midfield for Icelandic side Fylkir. Hannah made his name playing for Dundee United, where he has spent around half his career in two spells. described business conditions as being "stronger than expected". Two analysts raised their forecasts for the third-quarter and the full-year. One analyst also raised his forecast for 2007 earnings. RS belongs to the Metal Product-Distributor group. In the Steel-Specialty group, forecasts for this calendar year and next have recently been raised on Allegheny Technologies Incorporated (NYSE: ATI). Carpenter Technology Corporation (NYSE: CRS) has also been the beneficiary of analyst bullishness, with the consensus estimate for fiscal 2007 rising by eight cents to $9.95 per share, over the past 30 days. The interactive Zacks Industry Rank List allows you to see all of the companies, and their Zacks Rank, within more than 200 industries. See the list at http://at.zacks.com/?id=3208. About Zacks Industry Rank and the Zacks Rank Zacks Industry Rank is calculated by averaging the Zacks Rank for all covered companies within a given industry. The Zacks Rank is assigned to approximately 4400 stocks and ranges from #1 ("Strong Buy") to #5 ("Strong Sell"). Both the Zacks Industry Rank and the Zacks Rank are quantitative indicators designed to cover periods of 1-3 months. Since 1988, 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 +32.4%. 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 the industries and the 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=2564. 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 by going to http://at.zacks.com/?id=2565. 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 Zacks Performance Rank performance is the total return of equal weighted simulated portfolios consisting of those stocks with the indicated Zacks Rank net of fees. Results reflect 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 dividends and other earnings. Simulated results do not represent actual trading and may not reflect the impact that economic and market factors might have had on decision-making if an adviser were actually managing a client's money. (b) 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 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. 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