Printer Friendly
The Free Library
14,506,613 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Zacks Upgrades and Revisions Strategy highlights: Aleris International, Books-A-Million, Benchmark Electronics and Cascade 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: Aleris International, Inc. (NYSE NYSE

See: New York Stock Exchange
: ARS ARS

In currencies, this is the abbreviation for the Argentine Peso.

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.
), Books-A-Million, Inc. (Nasdaq: BAMM BAMM British Association of Medical Managers
BAMM Bay Area Model Mugging (now Impact Bay Area)
BAMM Beta and Advection Model - Medium
BAMM Bay Area Math Meet (San Francisco, CA) 
), Benchmark Electronics, Inc. (NYSE: BHE BHE Ball Handling Error (volleyball)
BHE Bund der Heimatvertriebenen und Entrechteten (Union of Homeless and Rightless)
BHE Blenheim New Zealand
BHE Byte High Enable
BHE Benchmark Electrs Inc
) and Cascade A connected series of devices or images. It often implies that the second and subsequent device takes over after the previous one is used up. For example, cascading tapes in a dual-tape backup system means the second tape is written after the first one is full.  Corp. (NYSE: CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. ). 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:

Aleris International, Inc. (NYSE: ARS) generated earnings per share growth of 127% over the past five years. In early August, the company announced that second-quarter adjusted earnings per share was a record $1.40. The result compares to last year's 96 cents and tops the consensus estimate by almost 13%. Aleris International mentioned that it is particularly pleased with the impact of the acquisitions it made in 2005 which are contributing substantially to its increased profitability.

Books-A-Million, Inc. (Nasdaq: BAMM) is a Zacks #1 Rank (Strong Buy) company. Books-A-Million released second-quarter results in mid-August. Income from continuing operations continuing operations

Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the
 of 15 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.
 outpaced the previous year's 10 cents and exceeded analysts' expectations of 11 cents. BAMM satisfies the criteria for this Profit Track as evidenced by its earnings per share growth of 48% over the past five years.

Benchmark Electronics, Inc. (NYSE: BHE), which completed a 3-for-2 stock split in early April, posted second-quarter results in mid-July. Earnings per share increased year-over-year and came in 19% ahead of Wall Street expectations. The company stated that it experienced a strong second quarter with solid year-to-date growth in each of the industry sectors that it serves. Benchmark Electronics raised its full year earnings per share guidance to a range of $1.61 to $1.69. The current consensus forecast stands at $1.65 per share versus the three months-ago estimate of $1.47. BHE experienced earnings per share growth of 37% over the past five years.

Cascade Corp. (NYSE: CAE), another Zacks #1 Rank (Strong Buy) name, recently reported fiscal second-quarter earnings per share of 91 cents. The result eclipsed the year-prior total of 84 cents and beat the consensus estimate by approximately 18%. Cascade Corp. topped analyst estimates four times out of the past five consecutive quarters. During the past five years, CAE's earnings per share grew 25%.

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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 28, 2006
Words:868
Previous Article:Zacks Buy List Highlights: SimpleTech, Inc., Sotheby's, Herman Miller, Inc. and ProAssurance Corporation.
Next Article:Key Milestone Completion Date Announced By Imaging3.
Topics:



Related Articles
Zacks' Discount Fundamental Strength strategy highlights ACE Ltd., Benchmark Electronics, Nucor Corp., and Reliance Steel and Aluminum Co.
Zacks' Discount Fundamental Strength strategy highlights Ashland, Inc., Benchmark Electronics, Reliance Steel and Aluminum Co., and Seagate...
Zacks Recent Price Strength Strategy Highlights: Aleris, Huron Consulting, McDermott, and MITY.
Zacks' High Rank Value Strategy Highlights: American Home Mortgage, Cascade Financial, Highwoods Properties, and Marathon Oil.
Zacks Upgrades and Revisions Strategy Highlights: Altiris, Inc., Axsys Technologies, Carpenter Technology Corp., and Lennox International Inc.
Zacks Buy List Highlights: Plexus Corporation, TALX Corp., Zoran Corporation, and Inter Parfums Inc.
Zacks Upgrades and Revisions Strategy highlights: Administaff, Books-A-Million, Comtech Telecommunications Corp. and Lufkin Industries.
Zacks Upgrades and Revisions Strategy Highlights: Aleris International, Epicor Software Corp., Helix Energy Solutions Group and IPSCO Inc.
Private equity firm to acquire Aleris.(NONFERROUS)
Zacks Upgrades and Revisions Strategy Highlights: Anaren Inc., Bell Microproducts Inc., Interactive Data Corp. and IPSCO Inc.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles