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 the MM1 system. 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 a Zacks #1 Rank "Strong Buy," limiting the picks to those that are already trading at 52-week highs and are reasonably valued. These are companies that have begun to build momentum and are expected to surge in the weeks ahead. Stocks that recently met the criteria for the Momentum Method (MM1) strategy include: Aeropostale Inc. (NYSE: ARO), Orion Marine Group Inc. (NASDAQ: OMGI), Centennial Communications Corp. (NASDAQ: CYCL), Mylan Inc. (NASDAQ: MYL) and Matrixx Initiatives Inc. (NASDAQ: MTXX).
Here are details about today's 5 featured Momentum stock picks . . .
Aeropostale Inc. (NYSE: ARO) reported fourth-quarter earnings of $1.01 a share last month which topped the consensus by a penny. The Zacks #1 Rank ("Strong Buy") company has now topped the consensus estimate in 3 out of the last 4 quarters with an average upside surprise of 2.20%. Aeropostale also announced 13% year-over-year growth in March sales to a record $160.5 million. The company raised its first-quarter earnings guidance to 32 cents a share, compared to an earlier guidance of 22 to 24 cents. Analysts are calling for earnings of 35 cents, versus last month's forecasts of 27 cents.
Orion Marine Group's (NASDAQ: OMGI) fourth-quarter earnings came in at 25 cents a share, which topped consensus by 5 cents. Analysts have been increasing their full-year estimates on the Zacks #1 Rank ("Strong Buy") company, pegging earnings at 91 cents per share, a 3-cent increase over the past 60 days. Shares of OMGI are trading with a low PEG multiple of 0.88X.
Centennial Communications Corp. (NASDAQ: CYCL | Quote | Chart | News | PowerRating) announced fiscal 2009 third-quarter earnings of 18 cents a share beating the consensus estimate by 10 cents. Revenues during the quarter grew 5% year-over-year to $262.7 million. The consensus estimate on the Zacks #1 Rank ("Strong Buy") company's earnings has gone up by 5 cents over the past 30 days to 36 cents per share for the fiscal year ending May 2009.
Mylan Inc. (NASDAQ: MYL) recently received the first tentative approval from the U.S. Food and Drug Administration for a generic version of the HIV drug Truvada. The Zacks#1 Rank ("Strong Buy") stock has topped the consensus in each of the last 4 quarters with an average surprise of 62.47%, or 8 cents a share. The full-year consensus estimate has increased by a penny over the past 60 days to $1.02 per share. Moreover, the most accurate estimate is even more bullish at $1.09 a share. MYL trades at a discount to peers with a PEG ratio of 0.47X and P/S multiple of 0.83X.
Matrixx Initiatives' (NASDAQ: MTXX) fourth-quarter earnings came in at 50 cents a share, which topped the consensus estimate by 19 cents. Net income jumped to $4.8 million from a loss of $635,000 in fourth quarter of 2007. Analysts expect earnings of $1.62 per share for the current fiscal year, up by 2 cents over the past 30 days. The Zacks #1 Rank (Strong Buy) stock trades with a PEG ratio of 0.73X and P/S multiple of 1.37X.
Investors can 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 Alex Kolb Phone: 312-265-9149 Email: pr@zacks.com
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