Zacks Recent Price Strength Strategy highlights: Astec, Champion, American Ecology, and Stewart Information Services.CHICAGO -- This stock picking strategy looks for companies trading in the upper range of their 52-week highs that have attractive fundamental attributes. This strategy proves that the "trend is your friend" with a 11.9% return versus 1.3% for the S&P 500 for the six months of the year (through June 17). This screen is called the Recent Price Strength Profit Track strategy. Four stocks meeting this screen's exclusive criteria as of August 3, 2005 are Astec Industries Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASTE ASTE Alaska Society for Technology in Education ASTE Association of Staff in Tertiary Education ASTE Association pour le Développement des Sciences et Techniques de l'Environnement ASTE American Society of Test Engineers, Inc. ), Champion Enterprises Inc. (NYSE NYSE See: New York Stock Exchange :CHB), American Ecology Corp. (NASDAQ:ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ), and Stewart Information Services See Information Systems. , Corp. (NYSE:STC STC Supplemental Type Certificate (FAA) STC Society for Technical Communication STC Subject to Change STC Surf the Channel (website) STC Sound Transmission Class STC Singapore Turf Club ). View the entire list of stocks for the Recent Price Strength Profit Track at http://at.zacks.com/?id=1863 Here are four companies that meet the following Recent Price Strength Profit Track: Astec Industries Inc. (NASDAQ:ASTE), a construction equipment company, recently reported second-quarter earnings of 49 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. , 8 cents, or 19% over the consensus. The result topped the year ago result of 31 cents per share. During the past four weeks, ASTE's share price has increased approximately 28% and is trading right at its 52-week high. Champion Enterprises Inc. (NYSE:CHB) a manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected company, has gone up in price by almost 27% over the past four weeks and is trading at a 52-week high. In July, the company announced second-quarter earnings of 18 cents per share, beating the consensus estimate by four cents, or 28%. The company noted that increasing margins contributed to its bottom line. American Ecology Corp. (NASDAQ:ECOL), a waste management company, recently reported a strong earnings report. Second-quarter earnings were 21 cents per share, ahead of the consensus estimate by 16%. Given this positive momentum in earnings, it is not surprising that shares of ECOL are trading near its 52-week high and have advanced in price by about 3% over the past four weeks. Stewart Information Services, Corp. (NYSE:STC), a real estate and transaction management company, recently delivered a very strong second-quarter report. Earnings surged to $2.04, 88 cents above the consensus. Revenues reached a record level of $651 million. This Zacks #1 Rank stock is up over 11% during the past four weeks and is trading just shy of a 52-week high. Discover all the current stocks currently on the Recent Price Strength Profit Track at: http://at.zacks.com/?id=1864 About Profit Tracks What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2004, the Upgrades and Revisions strategy was the top performing Profit Track with a return of +55.7% followed by the Low Price Stocks screen with a +50.6% return. To see all nine strategies along with philosophy, past performance, and current stocks, go to http://at.zacks.com/?id=1838 All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. . If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=2156 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks 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 the Profit from the Pros newsletter at http://at.zacks.com/?id=1841 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 and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index . 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. |
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