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Zacks Upgrades and Revisions Strategy highlights: Arch Chemicals, Arris Group, General Cable Corp. and Lacrosse Footwear.


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 +23.3 return in 2006. Four stocks meeting this screen's exclusive criteria are: Arch Chemicals Founded in 1999, Arch Chemicals (NYSE: ARJ) is a biocides company with over a billion dollars in annual sales. It consists of four divisions:
  • Water Treatment Products
  • Wood Protection
  • Industrial Biocides
  • Personal Care Products
External Links
, Inc. (NYSE NYSE

See: New York Stock Exchange
: ARJ A compression program for backup archiving from ARJ Software, Inc., Norwood, MA (www.arjsoftware.com). Introduced in the early 1990s and created by Robert Jung (the RJ in ARJ), ARJ never achieved the popularity of PKZIP, although it is considered a worthy competitor. See JAR. ), Arris ar·ris  
n. pl. arris or ar·ris·es
The sharp edge or ridge formed by two surfaces meeting at an angle, as in a molding.



[Alteration of Old French areste, fishbone, spine
 Group, Inc. (Nasdaq: ARRS ARRS American Roentgen Ray Society. ), General Cable Corp. (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
) and Lacrosse lacrosse (ləkrôs`), ball and goal game usually played outdoors by two teams of 10 players each on a field 60 to 70 yd (54.86 to 64.01 m) wide by 110 yd (100.58 m) long. Two goals face each other 80 yd (73.  Footwear, Inc. (Nasdaq: BOOT). 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:

Arch Chemicals, Inc. (NYSE: ARJ) recently reported financial results for the first quarter. Excluding an item, earnings per share totaled 28 cents. The result surpassed last year's 25 cents and topped the consensus estimate by 75%. The company noted that quarterly performance was driven by record demand for its cosmetic ingredients Ingredients of cosmetic products are listed following International Nomenclature of Cosmetic Incredients (INCI). These INCI names often differ greatly from systematic chemical nomenclature or from more common trivial names.  and profitable growth in industrial biocides and wood preservatives. ARJ produced earnings per share growth of 46% over the past five years.

Arris Group, Inc. (Nasdaq: ARRS) recently announced first-quarter results, stating that the business momentum it experienced in 2006 continues robustly into 2007. Arris Group sees second-quarter GAAP GAAP

See: Generally Accepted Accounting Principles


GAAP

See generally accepted accounting principles (GAAP).
 earnings ranging between 18 cents and 20 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.
. Analysts are in agreement as evidenced by current estimates of 20 cents. Thirty days ago, Wall Street was forecasting 18 cents per share. The company's quarterly earnings per share have been ahead of expectations four times out of the past five consecutive quarters. ARRS has seen earnings per share growth of 158% over the past five years.

General Cable Corp. (NYSE: BGC), a Zacks #1 Rank (Strong Buy) company, recently released financial results for the first quarter. Excluding charges, earnings per share were $1.01. The result more than doubled the previous year's 41 cents and eclipsed the consensus estimate by 35%. General Cable Corp. satisfies the criteria of this Profit Track with a five-year growth track record of 112%.

Lacrosse Footwear, Inc. (Nasdaq: BOOT) recently posted first-quarter earnings of 10 cents per share, outperforming the year-prior six cents and beating the consensus estimate by 25%. The company said its sales and earnings growth continued to be driven by the success of its new products, and its ability to meet at-once demand allowed BOOT to capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 favorable weather conditions in the latter half of the quarter. During the past five years, Lacrosse Footwear experienced earnings per share growth of 33%.

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 the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% 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.

Zacks Rank performance is the total return (price changes + dividends) of equal weighted portfolios, consisting of those stocks with the indicated Zacks Rank, assuming zero 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).
. These returns are not the result of a backtest; these are actual returns since 1988. The stocks in the Zacks Rank portfolios were available to Zacks clients before the beginning of each month (monthly rebalancing Rebalancing

The process of realigning the weightings of one's portfolio of assets.

Notes:
For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting
). Performance results from 1988 through September 2006 are based on a subset of all Zacks Rank stocks that excludes stocks covered by only one analyst and ADR's.

The S&P 500 Index is a well-known, unmanaged index of the prices of 500 large-company common stocks, mainly blue-chip stocks, selected by Standard & Poor's. The S&P 500 Index assumes 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 but does not reflect advisory fees. An investor cannot invest directly in an index.

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 to buy or sell any security.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 18, 2007
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