Zacks.com Featured Expert Kevin Matras Highlights: Brocade, Corning and NETEASE.COM.

CHICAGO -- Kevin Matras shows how to create your own price targets and how to estimate a stock's future earnings multiple. Stocks in this week's article are Brocade Communications Systems (NASDAQ: BRCD), Corning, Inc. (NYSE: GLW) and NETEASE.COM, Inc. (NASDAQ: NTES). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=109

Screen of the Week written by Kevin Matras of Zacks Investment Research:

The screen I'm running today, finds stocks with P/Es under the average for their Industry and are under their average P/E over the last five years. But it also must show an increase in its P/E over the last quarter to demonstrate its responsiveness to higher earnings, which is also a part of the screen.

The Parameters are:

* P/E less than Industry's Average P/E (Stocks with P/Es that are less than the average P/E for their Industry, implying it should have room for P/E growth.)

* P/E less than Average P/E over the Last 5 Years (I want the stock's P/E to be less that the Average P/E over the last five years.)

* Current P/E greater than P/E from 12 Weeks ago (I want to see that the P/E has begun to move.)

* % Change in Actual EPS Growth Q(0)/Q(-1) greater than or equal to 0 and

* % Change in Estimated EPS Growth Q(1)/Q(0) greater than or equal to 0 (I included both the actual Quarterly EPS Growth and the projected Quarterly EPS Growth to make sure the stock's earnings were moving up.)

And for good measure:

* % Change in Actual EPS Growth F(0)/F(-1) greater than or equal to 0 and

* Change in Estimated EPS Growth F(1)/F(0) greater than or equal to 0

And lastly:

* Price greater than or equal to $5 and

* Volume (20 day average) greater than or equal to 50,000

This screen produces plenty of great stocks to consider with the potential for continued multiple expansion. Here's a few of them:

BRCD Brocade Communications Systems

GLW Corning, Inc.

NTES NETEASE.COM, Inc.

This type of screening requires access to historical P/E ratios and forward P/E ratios. Most screeners don't have this. But the Research Wizard does! Get the rest of the stocks on this list and start looking for new stocks on the move. And then start creating your own price targets. You can do it. Sign up now for your free trial to the Research Wizard and start finding better stocks today: http://at.zacks.com/?id=111

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

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