New book by Larry Connors Click here Improve your trading - See how
The firm is now providing investors with all that's needed to pick their own stocks using MM1. This opportunity may be reached at http://at.zacks.com/?id=4774
Momentum Method focuses on companies marked by analysts for sharply higher earnings. It starts with stocks that have been awarded Zacks #1 Rank, "Strong Buy," and then limits its picks to those that are already trading at 52-week highs and are reasonably valued. They've begun to build momentum and are expected to surge in the weeks ahead. Four of these live picks include: Trex Co Inc. (NYSE: TWP), DXP Enterprises Inc. (NASDAQ: DXPE | Quote | Chart | News | PowerRating) and Knoll Inc. (NYSE: KNL).
Here are details about today's four featured Momentum stock picks . . .
Trex Co. Inc. (NYSE: TWP | Quote | Chart | News | PowerRating) recently surged to trade near its 52-week high after a three-fold rise in the company's quarterly profit. For the second quarter, net income was $7.9 million, compared with $2.6 million a year earlier. The company carries $18 million in cash and cash equivalents. The Zacks #1 Rank ("strong buy") stock returned 73.50% over the last 12 weeks but trades at a low valuation.
DXP Enterprises Inc. (NASDAQ: DXPE | Quote | Chart | News | PowerRating) is making accretive acquisitions while expanding its existing base of business. The company's second-quarter profit grew 86.5% to $6.4 million on sales that increased 120% to $187.8 million. Analysts have boosted their 2008 EPS forecasts on the company by 6 cents to $3.75 over the past month. The Zacks #1 Rank ("strong buy") stock trades close to its 52-week high but offers a low Price/Sales multiple of 0.6.
Knoll Inc. (NYSE: KNL) said its backlog grew by 9.7% in the second quarter. The company's quarterly sales increased 7.5%, helping earnings beat consensus estimates. During the past two months, analysts have raised their 2008 EPS forecast by 16 cents to $1.69. The shares are trading close to their 52-week high as Knoll boasts decent sales growth and a string of positive earnings surprises. The Zacks #1 Rank ("strong buy") stock has a Price/Sales multiple of only 0.7.
Investors find new Momentum Method picks by themselves without classes or seminars.
The strategy may now be accessed and used through the new Zacks Method for Trading which helps investors "do it themselves" in their own homes, at their own paces. Rather than waiting for someone to send them picks from winning strategies, these people are using their computers to get to them first.
The Zacks Method, in fact, gives individuals a unique advantage over slower-moving stock fund managers. It allows them to apply the full force of the Zacks Rank stock-picking system that has beaten the market for 19 of the past 20 years. For more information, click here: http://at.zacks.com/?id=4716
About Zacks
Zacks Investment Research, Inc. was formed in 1978. Its founder, Len Zacks, a mathematics Ph.D., discovered that revisions to earnings estimates are the most powerful forces that influence stock prices. Today, his 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 used to 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.
Click here for facts about the Zacks Method for Trading and its latest picks . . .
http://at.zacks.com/?id=4717
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.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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.
SOURCE: Zacks.com
Zacks.com Contact: Alex Kolb Phone: 312-265-9149 Email: pr@zacks.com
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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