Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights a Zacks #1 Rank Strong Buy stock or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value. Today’s four highlighted picks are: Priceline.com (Nasdaq: PCLN), Accenture Ltd. (NYSE: ACN), Hanesbrands, Inc. (NYSE: HBI) and Rosetta Resources, Inc. (Nasdaq: ROSE).
Zacks #1 Rank Strong Buys have nearly tripled the S&P 500 since 1988, producing an average annual return of +31%. Performance has been notable even during volatile and down times. For example, during the last bear market, 2000-2002, the market tumbled -37.6% – but Zacks #1 Rank stocks gained +43.8%.
To see the secret behind this performance, investors are invited to download the free special report, Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. http://at.zacks.com/?id=4422
Here is a summary of today’s Zacks #1 Rank Strong Buy Stocks:
Aggressive Growth – Priceline.com (Nasdaq: PCLN)
Priceline.com can do no wrong these days. Its huge runup continued after it reported great first-quarter earnings and guided higher for the future. Next year's earnings estimates have increased 38 cents to $6.40 per share over the past 90 days. This would represent 29% earnings growth over this year.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4423
Growth & Income – Accenture Ltd. (NYSE: ACN)
Accenture Ltd. recently agreed to acquire ATAN, a privately held provider of industrial information technology (IT) and automation solutions. In late March, the company posted fiscal second-quarter earnings of 64 cents per share, exceeding the consensus estimate by 12% and surpassing the year-prior result. The great thing about Accenture is that its solid fundamental growth is not its only positive feature. The consulting company also offers income, currently yielding about 1.1%. This is a solid dividend yield when compared to many other companies in ACN’s industry, most of which offer no dividend. ACN also boasts an appealing ROE of 73%, which is well above the industry average of 11%.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4424
Momentum – Hanesbrands, Inc. (NYSE: HBI)
Hanesbrands, Inc. shares have been in a beautiful up trend for most of 2008, advancing from less than $22 in January to their current price of $35, an impressive short-term return of more than 50%. This surge comes after the company was spun-off from Sara Lee in 2006. Hanes has been aggressively pursuing cost cutting measures and paying down its debt in order to drive its profits, which were up 300% compared to last year in its most recently reported quarter.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4425
Value – Rosetta Resources, Inc. (Nasdaq: ROSE)
Rosetta Resources has been cashing in with record natural gas production as natural gas and crude prices remain high. The company has surprised on earnings two out of the last three quarters on average of 10.38%. Rosetta's price-to-book is 1.53.
Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4426
The Zacks Rank Discovery
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.
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, they’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 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=4427
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.
Aggressive Growth Stocks:
Contact: Roopak Chakravarty
Growth & Income Stocks:
Contact: Alex Kolb
Contact: Michael Vodicka
Contact: Tracey Ryniec