Zacks Industry Rank Analysis Highlights: Belden CDT, Encore Wire, General Cable, Norsk Hydro and Statoil ASA.CHICAGO -- Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis include Belden CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT (NYSE NYSE See: New York Stock Exchange :BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC. BDC - Backup Domain Controller ), Encore Wire (Nasdaq:WIRE), General Cable (NYSE:BGC BGC General Cable Corporation (stock symbol) BGC Billy Graham Center BGC Baptist General Conference (formerly Swedish Baptist Denomination) BGC Boys & Girls Club BGC Bubblegum Crisis ), Norsk Hydro Norsk Hydro ASA (OSE: NHY, NYSE: NHY) is a Norwegian aluminium and renewable energy company, headquartered in Oslo. Hydro is the fourth largest integrated aluminium company worldwide. It has operations in some 40 countries around the world and is active on all continents. (NYSE:NHY NHY Norsk Hydro NHY Nehmé Hassan Younes ) and Statoil ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and (NYSE:STO). To see the Zacks Industry Rank and the trend in earnings estimates revisions for all 208 industry groups, visit http://at.zacks.com/?id=2563. 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. The equity markets are in a bit of holding pattern ahead of this week's Federal Open Market Committee meeting. The markets' reaction to the meeting will be dependant how the statement is worded. My guess is that the Committee will remain concerned about inflation and will want to see more data. A 25 b.p. hike at both this week's meeting and the August meeting seems likely. Regardless of the immediate reaction to the statement, now is a good time to be looking ahead towards second-quarter earnings season. Even if you think the pre-meeting water is too cold to jump into, having a watchlist is a prudent move. Positive second-quarter profit surprises are likely to come from railroad, oilfield service and parts, industrial parts (e.g. valves, compressors, pumps, etc.) non-ferrous metal, steel and cable & wire companies. (Keep in mind, however, that interest rate jitters jitters 'Butterflies' Psychology An episode of nervousness or anxiety that often precedes a public event; jitters is a type of performance anxiety which may affect actors in a stage production–stage fright or soloist musicians; it may respond to anxiolytics could cause the markets to stay volatile for several more weeks. Volatility, however, can result in both downward and upward price movements.) As the second-quarter nears an end, there has yet to be any surge in the number of warnings, a bullish sign. In fact, the rolling four-week number of negative, full-year estimate revisions declined last week - extending a recent trend. Although there was also a decline in the number of positive revisions, the lack of negativity in what is normally construed as warnings season is bullish. Second-quarter earnings, on average, should exceed expectations. The actual rate of growth will be somewhat lower than what was generated in the first quarter. Given the exceptional strength of the first-quarter, this is not a worry. Analysts continue to forecast full-year double-digit profit growth for both the S&P 500 and the Zacks Rank universe. The difference between the first and second quarter will simply be a shift from very strong growth to strong growth, and strong growth is still good. Last Wednesday, oil service workers in Norway went on strike following a collapse in wage talks. Work stoppages happen all the time, but what makes this strike noteworthy is that the earnings picture for Norway's two biggest operators, Statoil ASA (NYSE:STO) and Norsk Hydro (NYSE:NHY), brightened last week. Two analysts raised their forecasts on STO, causing the full-year consensus estimate to rise seven cents to $2.66 per share. One analyst raised his forecast on NHY, resulting in a 13-cent increase to $2.45 per share. The impact of the strike is still not known. Three rigs were taken out of operation on Thursday and more drilling projects could be stopped. Although STO and NHY would most likely be impacted, several other oil companies could be affected. Paradoxically, eight estimates were raised and none were cut last week on companies within the Oil & Gas-International Integrated group, which includes STO and NHY. The reason is that oil prices remain stubbornly high and analysts are revising their forecasts as a result. One analyst with a major brokerage firm recently raised his price targets and earnings estimates on several companies after deciding that his forecast for Texas Tea was too conservative. Nonetheless, if the strike persists, it is possible that earnings estimates for several oil companies could potentially be revised downward in the future. Also in the news last week was an increase in scrap metal thefts. On Friday morning, NPR NPR In currencies, this is the abbreviation for the Nepal Rupee. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ran a story discussing how thieves are getting scrap metal from anywhere they can pry it off - including fences, tombstones tombstones a cellular phenomenon in pemphigus vulgaris; rows of basal cells of the epidermis remain attached to the basal membrane, reminiscent of rows of tombstones. and construction sites. The situation is becoming so serious that the Institute for Scrap Metal Recycling Industries is setting up a database to identify stolen pieces of metal. One of the metals attracting the criminal element is copper. As is often the case, some criminals really lack common sense. Last Tuesday Last Tuesday is a Christian melodic punk rock band hailing from Harrisburg, Pennsylvania. They played their final show on March 10th, 2007. Last Tuesday was formed in 1999 in Harrisburg, P.A. , a man in West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. was found electrocuted after apparently climbing a tower to steal copper wire. Police believe the man was struck with 138,000 volts of electricity. (Sadly, many similar stories were found by doing a quick search on news.google.com). Though an increase in metal thefts may be problematic to companies that sell cable and wire, the rise in copper prices is clearly helping their bottom lines. These companies have had no problem with passing along higher raw material costs to their customers. Plus, since demand remains strong, these companies are enjoying pricing power Pricing Power An economic term referring to the effect that a change in a firm's product price has on the quantity demanded of that product. Pricing power ties in with the "Price Elasticity of Demand. and therefore wider margins. The Wire & Cable Products group contains Zacks #1 Rank stocks General Cable (NYSE:BGC), Belden CDT (NYSE:BDC) and Encore Wire (Nasdaq:WIRE). A few weeks ago, BDC predicted that second-quarter profits will be above its prior guidance of 37 to 42 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . Last month, BGC said it expects second-quarter earnings to be "at the high end or perhaps a bit above our previous guidance" of 40 to 45 cents per share. BGC, BDC and WIRE are expected to report second-quarter profits in mid-to-late July. To see the complete analysis and listing of the Zacks Sector Rank and Industry Rank scores, go to http://at.zacks.com/?id=2563. (a)The Zacks Rank is assigned to companies with earnings estimates made available by brokerage analysts. The Zacks' database contains earnings estimates for approximately 4400 companies. 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." A $10,000 investment in the Zacks Rank list made in 1988 would now be worth $1.82 million - equivalent to a 33% 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 129.7% annually (+5.2% vs. +11.9%). 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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