Business & Finance
Business and Finance
Business and Finance
Fri, October 29, 2010 Zacks Releases Four Powerful ''Buy'' Stocks: Banco Bradesco S.A., H.J. Heinz Co, Baidu, Inc., and Dr. Reddya?s Laboratories
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: Banco Bradesco S.A (NYSE: BBD), H.J. HeinzCo.(NYSE: HNZ ), Baidu Inc. (NYSE: BIDU) and Dr. Reddya™s Laboratories (NYSE: RDY).
Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at [ http://at.zacks.com/?id=7853 ]
Zacks #1 Rank Stocks have tripled the S&P 500 since 1988, producing an average annual return of +27%. 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:
Dr. Reddya™s Laboratories (RDY) is coming off of another solid quarter that has analysts rapidly raising full-year estimates.
While the stock is up recently, given the valuations it is not too late to get into this Zacks #1 Rank (Strong Buy).
Company Description
Dr. Reddya™s Laboratories is a global pharmaceutical company that offers proprietary and generic medications, as well as pharmaceutical services. The company operates in many different areas of medicine and his headquartered in India.
By volume, Dr. Reddya™s is the fastest growing international branded generic company, according to a press release.
Geographically Diverse
While many are investors are still trying to figure out just what impact health care reform will have in the coming year, the changes in the U.S. will not make or break Dr. Reddya™s.
Revenues are spread fairly evenly throughout the world. Major regions break down as follows; North America represents 30% of revenue, Europe at 26%, India at 17% and Russia at 13%.
Zacks Guide to Aggressive Growth Investing (free!): [ http://at.zacks.com/?id=4309 ]
Growth & Income:
Shares of H.J. Heinz Co (HNZ) are near a 52-week high as the company continues to benefit from the booming middle class in emerging markets.
The company recently reported a solid first quarter marked by strong sales growth and an expanding gross margin. Analysts have been revising estimates higher as a result, propelling the stock to a Zacks #2 Rank (Buy).
Although known mostly for its ketchup and various sauces, 56% of sales come from products other than ketchup and sauces, such as meals, snacks, and infant nutrition. The company owns such brands as Bagel Bites, Smart Ones, Ore-Ida, and Heinz Baby Food.
Additionally, over 60% of sales come from outside the U.S.
Zacks Guide to Growth & Income Investing (free!): [ http://at.zacks.com/?id=4310 ]
Momentum:
Baidu, Inc. (BIDU) has once again hit a new all-time high after reporting excellent Q3 results that came in ahead of expectations. With four consecutive earnings surprises and a bullish growth projection, the long-term picture looks good too for this Zacks #1 rank stock.
Company Description
Baidu, Inc. is a China-based Internet search provider. The company was founded in 2000 and has a market cap of $39 billion.
BIDU has been strong for the last year with the market, but shares got an extra boost on Oct 21 after the company reported another strong quarter.
Third-Quarter Results
Revenue for the period was up 76% from last year to $337.2 million. Earnings also looked good, coming in at 45 cents, 7% ahead of the Zacks Consensus Estimate, where the company has an average earnings surprise of 14% over the last four quarters.
The company's traffic acquisition cost (TAC), a key Internet search provider performance metric, also showed huge gains, declining to 8.9% of revenue from 15.3% last year,
The awesome top-line growth coupled with strong margin improvements enabled Baidu to boost its operating to $177 million, a 127% increase from last year.
Zacks Guide to Momentum Investing (free!): [ http://at.zacks.com/?id=4311 ]
Value:
Brazil is bursting onto the world's stage as the commodities rich South American nation rapidly grows its middle class. Banco Bradesco S.A. (BBD), one of Brazil's largest private banks, is cashing in on the growth as it grew its loan portfolio by double digits in the last year.
Banco Bradesco has its hands in all areas of the Brazilian economy by offering banking and financial services to both individuals and all different sized companies, from the little guys to the global conglomerates.
It issues credit cards, sells insurance, handles pension plans, provides asset management and brokerage services as well as providing lending and the taking of deposits.
The bank has 6,374 branches, PAB mini-branches and PAAs throughout the country and customers can also use several other banking networks as well as the 6,194 Banco Postal branches.
Zacks Guide to Value Investing (free!): [ http://at.zacks.com/?id=4312 ]
How to Regularly Access Picks from the Zacks Rank Discovery for Free:
[ http://at.zacks.com/?id=7854 ]
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=7854 ].
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=7855 ]
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