Zacks Upgrades and Revisions Strategy Highlights: Administaff, Ceradyne, McDermott International and Middleby Corp.CHICAGO -- Earnings estimate revisions are the most powerful force impacting stock prices. Couple that with the proven benefits of upgrades in ratings from brokerage firms and you have a strategy that delivered a +16.5% return in the first five months of 2006. Four stocks meeting this screen's exclusive criteria are: Administaff Inc. (NYSE NYSE See: New York Stock Exchange : ASF See Windows Media formats. 1. (language) ASF - Algebraic Specification Language. 2. (body) ASF - Analytical Solutions Forum. ), Ceradyne Inc. (Nasdaq: CRDN CRDN Certified Restoration Drycleaning Network ), McDermott International Inc. (NYSE: MDR MDR, n See multidrug resistance. MDR, n the abbreviation for minimum daily requirement, specifically the Minimum Daily Requirements for Specific Nutrients compiled by the United States Food and Drug Administration. ) and Middleby Corp. (Nasdaq: MIDD MIDD Middlebury College (Middlebury, Vermont) MIDD Maternally Inherited Diabetes and Deafness ). View the entire list of stocks for the Upgrades and Revisions Profit Track at http://at.zacks.com/?id=1844 Here are details on four companies currently identified by the Upgrades and Revisions Profit Track: Administaff Inc. (NYSE: ASF) sports earnings per share growth of 60% over the past five years. In early November, the company announced third-quarter earnings of 43 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. , the highest quarterly earnings in the company's history. ASF said high demand for its services from a growing target market and the company's consistently outstanding performance provide a promising outlook for growth and profitability in 2007 and beyond. Ceradyne Inc. (Nasdaq: CRDN) put together a five-year growth track record of 110%. The company reported third-quarter earnings of $1.34 per share in early November. The result surged past the previous year's 53 cents and outpaced the consensus estimate by nearly 18%. Sales for third quarter climbed to a record $185.8 million from $94.4 million in the year-ago quarter. McDermott International Inc. (NYSE: MDR) satisfies the criteria for this Profit Track as evidenced by its earnings per share growth of 57% over the past five years. The company posted third-quarter earnings of 89 cents per share in early November. The result surpassed last year's 53 cents and jumped ahead of analysts' expectations by approximately 48%. The company stated that whether it's coal-fired power, oil & gas infrastructure or nuclear activities, the energy markets that McDermott serves continue to be robust. Middleby Corp. (Nasdaq: MIDD), a Zacks #1 Rank (Strong Buy) company, produced earnings per share growth of 83% over the past five years. In early November, the company released financial results for the third quarter. Earnings per share were above Wall Street estimates by almost 12% and third-quarter earnings were ahead of the year-prior total. MIDD noted that it continued to make progress at its newly acquired Alkar Rapidpak business unit, which contributed favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to the quarter. Discover all the current stocks currently on the Upgrades and Revisions Profit Track at: http://at.zacks.com/?id=1869 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 Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. the market in the years ahead. For the first five months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +22.2% followed by the Discounted Fundamental screen with a +18.6% 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 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 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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