Zacks.com Expert Watch Highlights the Following Stocks: ConocoPhillips, Wilshire Bank, ENI S.P.A., and Bank of America.CHICAGO -- Zacks Experts announce commentary and recommendations on four stocks: ConocoPhillips (NYSE NYSE See: New York Stock Exchange :COP), Wilshire Bank (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 :WIBC WIBC Women's International Bowling Congress WIBC Western International Band Conference WIBC World Indoor Bowling Council ), ENI S.P.A. (NYSE:E), and Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. (NYSE:BAC BAC abbr. blood alcohol concentration ). Employing various timing and investment strategies, Zacks Experts Watch gives valuable insight to individual investors, especially in turbulent markets. For the full commentary, visit; http://at.zacks.com/?id=101 Here are the highlights from the Experts Watch column: Value investing Value Investing The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies with sound financial statements that they believe the market has undervalued. is often considered less exciting than aggressive growth or technical trading approaches. However, combining traditional approaches through screening parameters can reveal an intersection of stocks that are likely to perform well. "Growth at a Reasonable Price" and "Consensus" is examples of these hybrid approaches, though some are less conventional. Read on to discover hybrid strategies the experts are employing right now and top stock revealed through those screens. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Richard Moroney, editor of Dow Theory Dow Theory A theory which says the market is in an upward trend if one of its averages (industrial or transportation) advances above a previous important high, it is accompanied or followed by a similar advance in the other. Forecasts, momentum and value investors tend to look down their noses at one another. Moroney notes that combining the two approaches can facilitate excellent stock picking by capturing the best of both worlds. In his most recent issue, he outlined 8 stocks that fit such an approach. Moroney is very interested in the energy markets. ConocoPhillips (NYSE:COP) has significantly improved earnings, diversified its portfolio, trimmed costs, and strengthened its balance sheet since the 2002 merger of Conoco and Phillips Petroleum. Despite a production decline in the June quarter, profits from exploration and production increased because of high oil and gas prices. Refining and marketing profits doubled from a year ago as U.S. refining margins rose. Asset sales and strong cash flow have helped the company reduce debt and make investments. John Reese For the stock investor and financial columnist, see . John D. "Bonesetter" Reese (May 6, 1855 – November 29, 1931) was a beloved trainer in early 20th-century major league baseball who was known for his ability to get injured athletes "back in the game". , editor of the Validea Hot List, agrees with Moroney insofar in·so·far adv. To such an extent. Adv. 1. insofar - to the degree or extent that; "insofar as it can be ascertained, the horse lung is comparable to that of man"; "so far as it is reasonably practical he should practice as he combines his "Guru Analysis" screens with one another. Reese looks for stocks that score high even when viewed through multiple approaches to the market. Reese has guru strategies for growth, value, contrarian and momentum investing Momentum investing is a system of buying stocks or other securities that have had high returns over the past three to twelve months, and selling those that have had poor returns over the same period. from legendary investors including Warren Buffett Warren Buffett Known as "the Oracle of Omaha," Buffett is Chairman of Berkshire Hathaway and arguably the greatest investor of all time. His wealth fluctuates with the performance of the market, but for the last few years he has been reported to be worth over $30 billion, making , Peter Lynch and James O'Shaugnessy. Reese recently added a regional bank that satisfies his interpretation of Martin Zweig's growth strategy, William O'Neill's CANSLIM momentum strategy and Motley Fool's Value tract. Wilshire Bank (NASDAQ:WIBC) satisfies 100% of the momentum strategy. That perspective looks for stocks within 15% of their 52 week high. WIBC is currently 12% off its high for the year. The strategy also likes the fact that the company has grown earnings at over 25% annually and has not experienced an earnings dip within the past 5 years. ENI S.P.A. (NYSE:E): The strategy Reese devised based on the investment approach of James P. O'Shaughnessy is favorably disposed toward ENI. The company passes all of the tests, including exhibiting strong cash flows. Companies with strong cash flows are typically the value-oriented investments this strategy looks for, and the company's cash flow per share must be greater than the mean of the market's cash flow per share. The market's is $1.08, and ENI's is $3.38. The company's trailing 12-month sales must be at least 1.5 times greater than the mean of the market's trailing 12-month sales. The market's sales are $14.1 billion and ENI's is $131.7 billion. Both Experts rate Bank of America (NYSE:BAC) a Buy. The stock passes Moroney's value and momentum combined screen as well as Peter Lynch's growth strategy. The $35 billion company produces 16% earnings growth and has a PEG ratio PEG Ratio See: Prospective earnings growth ratio PEG ratio See price-earnings/growth ratio (PEG ratio). of just 0.58. That is, per unit of growth, investors pay $0.58 on the dollar. The company expects $1.1-1.4 billion in cost savings by the end of 2005. Read the full report with insight from the experts at Zacks.com: http://at.zacks.com/?id=102 About Zacks Experts Watch Successful investing requires professional advice from knowledgeable experts who can help investors achieve their financial goals in good markets improve their portfolios, especially in bad markets. That is why Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. has assembled the best investment experts in the business to offer their powerful advice on all the major investment topics. Additional recommendations from Zacks Experts are highlighted in free investment newsletter, Profit from the Pros. Each issue highlights several experts with a track record of beating the street in this e-mail newsletter. Register for a free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=103 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 work 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=104 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. 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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