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: American Medical Systems Holdings Inc. (NASDAQ: AMMD), Michael Baker Corp. (AMEX: BKR), Wonder Auto Technology Inc. (NASDAQ: WATG) and Kirkland's Inc. (NASDAQ: KIRK).
Here are details about 4 featured Momentum stock picks . . .
American Medical Systems Holdings Inc. (NASDAQ: AMMD | Quote | Chart | News | PowerRating) posted first-quarter earnings of 25 cents per share in early May. The result was 10 cents ahead of the consensus estimate. Revenue jumped 6.4% year-over-year, on constant currency basis, driven by the men's health segment. The Zacks #1 Rank (Strong Buy) company boosted its full-year adjusted earnings guidance to a range of 96 cents to $1.07 per share, from the earlier forecast of 86 cents to 99 cents per share. Analysts have full-year earnings pegged at 98 cents, up from 81 cents over the past 60 days.
Michael Baker (AMEX: BKR) posted record first-quarter earnings of 88 cents per share, topping the average forecast by 16 cents. The Zacks #1 Rank (Strong Buy) company has seen analysts lift full-year earnings projections from $3.33 per share to $3.39 in just the past week. The stock is trading at a discount to peers with a PEG ratio of 0.77X and P/S multiple of 0.55X.
Wonder Auto Technology's (NASDAQ: WATG) first-quarter earnings of 19 cents per share came in ahead of the average forecast by 4 cents. Sales grew 29% year-over-year to a record $40 million driven by the acquisition of Jinan Worldwide. The full-year consensus estimate has gone up by 6 cents over the past 2 months to 82 cents per share. The Zacks #1 Rank (Strong Buy) stock trades with a low PEG ratio of 0.64X.
Kirkland's Inc. (NASDAQ: KIRK) reported a first-quarter profit of 17 cents per share, compared to the consensus forecast for a loss of 9 cents. The Zacks #1 Rank (Strong Buy) company topped the consensus forecast in 3 out of last 4 quarters with an average upside surprise of 78.5%.
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
Alex Kolb Zacks.com 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.
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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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