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Zacks Releases Four Powerful ''Buy'' Stocks: ENGlobal Corp, CSX Corp., Sykes Enterprises and Collective Brands Inc

Tue. September 30, 2008; Posted: 02:09 PM
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CHICAGO, Sep 30, 2008 (BUSINESS WIRE) -- SYKE | Quote | Chart | News | PowerRating -- Four free stock picks are being made available today on Zacks.com. The industry'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.

The four highlighted picks are: ENGlobal Corp (Nasdaq: ENG), CSX Corp. (NYSE: CSX), Sykes Enterprises, Inc. (Nasdaq: SYKE | Quote | Chart | News | PowerRating) and Collective Brands Inc. (NYSE: PSS).

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 -- ENGlobal Corp (Nasdaq: ENG)

ENGlobal Corp avoided major damage from hurricane Ike and just broke out of a bearish trend. Current-year estimates are projecting a 87% increase in earnings, but the company remains fairly priced with a PEG of .8.

Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309

Growth & Income -- CSX Corp. (NYSE: CSX)

CSX Corp. boasts a solid record of exceeding Wall Street forecasts, and analysts are upbeat on earnings going forward. The company's earnings per share are expected to grow by 17%, ahead of the industry average of 14%. CSX is rewarding shareholders with a dividend yield of 1.6%.

Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310

Momentum -- Sykes Enterprises, Inc. (Nasdaq: SYKE)

Sykes Enterprises is experiencing strong growth from its international markets while cutting costs, a potent one-two punch that enabled the company to deliver strong second quarter results. The company's share price has been rallying since late July.

Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311

Value -- Collective Brands Inc. (NYSE: PSS)

Collective Brands keeps selling shoes despite the economic downturn as it focuses on designer brands. The company has surprised 3 out of 4 quarters by an average of 28.14%. Collective Brands has a forward P/E of 12.87.

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: Bill Wilton Phone: 312-265-9277 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

For full details on Csx Corp (CSX) click here. Csx Corp (CSX) has Short Term PowerRatings of 5. Details on Csx Corp (CSX) Short Term PowerRatings is available at This Link.

    


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