Zacks.com releases the latest list of Zacks Rank Buy Stocks. Every day on Zacks.com, four stock picks are made based on criteria for the each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are Invitrogen Corporation (Nasdaq: IVGN), EOG Resources, Inc. (NYSE: EOG), Alpha Natural Resources (NYSE: ANR) and Oceanfreight, Inc. (Nasdaq: OCNF).
Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32.2% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled -37.6%. To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88
Here is a synopsis of today’s Zacks Rank Buy Stocks:
Aggressive Growth – Invitrogen Corporation (Nasdaq: IVGN)
Invitrogen Corporation reported first-quarter results in late April. Earnings per share increased by 36% year-over-year and revenues grew by 13.5% over the same time period. Wall Street estimates have been climbing higher. Full-year 2008 forecasts of $2.40 per share climbed from the two months-ago level of $2.27.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309
Growth & Income – EOG Resources, Inc. (NYSE: EOG)
EOG Resources is a Zacks Rank #1 (Strong Buy) company and a solid Growth & Income pick. The company released results for the first quarter in early May. Earnings per share of $1.89 were well ahead of last year’s $1.11 and surpassed the consensus estimate by 18%. The ROE for EOG of 19% surpasses the industry average of 9%. Wall Street has been lifting earnings estimates. EOG declared a dividend of 12 cents per share. The company is yielding 0.4%. This is a rewarding yield considering that most of EOG’s industry peers pay no dividend.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310
Momentum – Alpha Natural Resources (NYSE: ANR)
Alpha Natural Resources is benefiting from rising coal prices and increased demand, a powerful one-two punch for any company's bottom line. This dynamic was evident when Alpha reported very strong first-quarter results on May 1. Revenue was up 17% from last year and income more than tripled. Estimates continue to be adjusted higher, and the company's stock price continues to accelerate, as it has been doing for most of the year.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311
Value – Oceanfreight, Inc. (Nasdaq: OCNF)
Oceanfreight is benefiting from global commodity demand as its vessels reach nearly 100% utilization rates. The company has surprised on earnings three out of the last four quarters on average of 117.48%. Oceanfreight has a forward P/E of 9.66.
Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4312
The free special report, “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions,” provides an insightful background about this wealth-building tool. Download your free copy of the report now to prosper in the years to come by visiting http://at.zacks.com/?id=93.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of +32.2%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 129% annually (+5.3% vs. +12.1%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros http://at.zacks.com/?id=91
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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.
Contacts:
Aggressive Growth Stocks:
Contact: Roopak Chakravarty
Phone:
312-265-9188
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
