The four highlighted picks are: El Paso Corporation (NYSE: EP), Massey Energy Company (NYSE: MEE), EnerSys (NYSE: ENS | Quote | Chart | News | PowerRating) and Worthington Industries, Inc. (NYSE: WOR).
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 +30%. 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%.
Here is a summary of today's selected stocks that are now highly rated by Zacks:
Aggressive Growth - El Paso Corporation (NYSE: EP)
El Paso Corporation is taking significant measures to drive revenue and enhance its profitability. The company announced that it has restructured its hedging strategy to provide it with more exposure to rising energy prices. In addition, El Paso continues to grow its pipeline capacities by focusing on key projects. The company's share price is up 25% on the year.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309
Growth & Income - Massey Energy Company (NYSE: MEE)
Massey Energy Company, which is scheduled to release results for the second quarter on July 31, has seen bullish estimate revisions from Wall Street. Analysts have current full-year 2008 earnings forecasts pegged at $3.11 per share, up a penny from last month's projection and 11 cents higher than the expectations of two months ago.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310
Momentum - EnerSys (NYSE: ENS)
EnerSys shares rallied after the company reported excellent fourth-quarter results on June 12. Since then shares have traded lower but now appear to have found a stabilization point. This stock is still well in the green for the year, an impressive accomplishment in this environment.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311
Value - Worthington Industries, Inc. (NYSE: WOR)
Worthington Industries reported record sales for the fourth quarter and the year as the company flexed its pricing power on its flat-rolled steel. The company has surprised on estimates two out of the last four quarters on average of 20.59%. Worthington has a forward P/E of 12.70.
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=88
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=88
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, 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 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
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.
SOURCE: Zacks.com
Zacks.com Aggressive Growth Stocks: Contact: Michael Vodicka Phone: 312-265-9226 or Growth & Income Stocks: Contact: Alex Kolb Phone: 312-265-9149 or Momentum Stocks: Contact: Michael Vodicka Phone: 312-265-9226 or Value Stocks: Contact: Tracey Ryniec Phone: 312-265-9232 Email: pr@zacks.com Visit: www.zacks.com
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