Business & Finance
Business and Finance
Business and Finance
Fri, July 9, 2010
Thu, July 8, 2010 Zacks Releases Four Powerful ''Buy'' Stocks: AmeriCredit, Cardinal Health, Joy Global and Xyratex
CHICAGO--([ BUSINESS WIRE ])--Four free stock picks are being made available today on Zacks.com. The industrya™s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.
"earnings estimate revisions are the most powerful force impacting stock prices."
The four highlighted picks are: AmeriCredit Corp (NYSE: [ ACF ]), Cardinal Health (NYSE: [ CAH ]), Joy Global, Inc. (Nasdaq: [ JOYG ]) and Xyratex Limited (Nasdaq: [ XRTX ]).
Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at [ http://at.zacks.com/?id=88 ]
Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +26%. Performance has been notable even during volatile and down times. For example, during the last bear market, 2000-2002, the market tumbled -37.6% a" but Zacks #1 Rank stocks gained +43.8%.
Here is a summary of today's selected stocks that are now highly rated by Zacks:
Aggressive Growth a" [ AmeriCredit Corp ](NYSE: [ ACF ])
AmeriCredit Corp analysts are raising estimates heading into the next earnings release, which should be in a few weeks. Growth is expected to be exponential and one rating agency has upgraded the company's debt.
Zacks Guide to Aggressive Growth Investing (free!): [ http://at.zacks.com/?id=4309 ]
Growth & Income a" [ Cardinal Health ](NYSE: [ CAH ])
Cardinal Health is a steady performer in a stable business with a safe dividend.
Zacks Guide to Growth & Income Investing (free!): [ http://at.zacks.com/?id=4310 ]
Momentum a" [ Joy Global, Inc. ] (Nasdaq: [ JOYG ])
Joy Global, Inc. continues to find support from a long-term trend line after hitting a new multi-year high above $65 in mid April. With estimates on the rise and a compelling valuation, JOYG has some solid upward momentum.
Zacks Guide to Momentum Investing (free!): [ http://at.zacks.com/?id=4311 ]
Value a" [ Xyratex Limited ](Nasdaq: [ XRTX ])
Imagine easily beating estimates for the second quarter in a row and posting record revenue only to have your stock sell off 12% on the news?
Such is the reality for Xyratex Limited, the British-based provider of enterprise class data storage subsystems and network technology to customers who are OEM (original equipment manufacturers) and disk drive manufacturers, which reported second quarter results on June 30.
Zacks Guide to Value Investing (free!): [ http://at.zacks.com/?id=4312 ]
How to Regularly Access Top Zacks Rank Picks for Free:[ http://at.zacks.com/?id=7154 ]
Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. in Mathematics from M.I.T. found that "earnings estimate revisions are the most powerful force impacting stock prices." Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.
Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register at [ http://at.zacks.com/?id=7155 ]
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms. It monitors more than 200,000 earnings estimates, looking for changes.
Then, when changes are discovered, theya™re applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.
More Free Stock Picks
Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription at [ http://at.zacks.com/?id=91 ]
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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 to buy or sell any security.
Visit [ http://www.zacks.com/performance ] for information about the performance numbers displayed in this press release.
