Zacks Upgrades and Revisions Strategy Highlights: Chubb Corp., Century Aluminum Co., Global Industries, Ltd. and Genlyte Group.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 +55.7% return in 2004. In 2005, the Upgrades and Revisions Profit Track continued its trend of delivering double-digit returns by returning 27% compared to the S&P 500 return of 4.9%. Four stocks meeting this screen's exclusive criteria are: Chubb Corp. (NYSE NYSE See: New York Stock Exchange :CB), Century Aluminum Co. (Nasdaq:CENX), Global Industries, Ltd. (Nasdaq:GLBL GLBL Great Lakes Baseball League ) and Genlyte Group This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. (Nasdaq:GLYT). 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: Chubb Corp. (NYSE:CB) will announce financial results for the second quarter on July 25, 2006. In its first-quarter report, which was released in late April, the company noted that operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. per share increased 28% to a record $1.42 from $1.11. The result was ahead of analysts' expectations by approximately 29%. Chubb Corp. delivered earnings per share growth of 57% over the past five years. Century Aluminum Co. (Nasdaq:CENX) experienced earnings growth of 58% during the past five years. The company released first-quarter results in early May, noting that revenues of $347 million and operating income of $64 million were at record levels. CENX added that strong incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. profit was realized on the higher level of revenue. Last year' first-quarter sales totaled $285 million. Results for the second quarter will be available on July 27, 2006. Global Industries, Ltd. (Nasdaq:GLBL) posted first-quarter earnings of 16 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. in early May. The result more than doubled last year's seven cents and exceeded the consensus estimate by about 45%. The company stated that the improvement in gross profit was primarily due to an increase in its overall level of construction activity due to sustained high energy prices and the effects of two major hurricanes in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , which occurred in the latter part of 2005. GLBL has seen earnings per share growth of 63% during the past five years. Genlyte Group Inc. (Nasdaq:GLYT) satisfies the criteria for this Profit Track as evidenced by its earnings per share growth of 20% over the past five years. The company reported first-quarter results in early May, commenting that the combination of adding new products and maintaining previously announced price increases helped achieve higher sales and gross profit margins Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. for the first 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. In 2005, the Low Price Stocks strategy was the top performing Profit Track with a return of +51.9% followed by the Recent Price Strength screen with a +35.5% 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. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion