Zacks Buy List Highlights: Manhattan Associates, Helmerich & Payne, Nucor Corp. and Corn Products International
2008-05-01 00:38:09 -
- 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 Manhattan Associates, Inc. (Nasdaq: MANH), Helmerich & Payne, Inc. (NYSE: HP), Nucor Corp. (NYSE: NUE) and Corn Products International, Inc. (NYSE: CPO).
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: at.zacks.com/?id=88
Here is a synopsis of today's Zacks Rank Buy Stocks:
Aggressive Growth - Manhattan Associates, Inc. (Nasdaq: MANH)
Manhattan Associates got a jolt higher when it easily exceeded estimates in the first quarter. It new client list is impressive and pulled in some seven-figure deals. A deeper look at the fundamentals reveals impressive numbers. Just over the past week, this year's earnings estimates have increased a dime to $1.40 per share.
Zacks Guide to Aggressive Growth Investing (free!): at.zacks.com/?id=4309
Growth & Income - Helmerich & Payne, Inc. (NYSE: HP)
Helmerich & Payne is scheduled to announce second-quarter results on May 1, 2008. This Growth & Income pick performed well in the past, hitting 52-week highs and currently trades near that level. The company announced solid fiscal first quarter results in late January, noting that operating income for the quarter reached a new record level. HP is yielding 0.4% while the majority of the companies in the oil and gas drilling industry do not pay out a dividend.
Zacks Guide to Growth & Income Investing (free!): at.zacks.com/?id=4310
Momentum - Nucor Corp. (NYSE: NUE)
Nucor Corp. shares have been on quite a run for the last three months, advancing from their lows beneath $50 on Jan 23 to the recently established 52-week and all-time high above $75. The company reported solid first quarter results on Apr 17 in which revenue was up 32% to $4.97 billion. Nucor has also acquired two scrap metal processors this year in order to temper its exposure to higher volatility in scrap metal prices.
Zacks Guide to Momentum Investing (free!): at.zacks.com/?id=4311
Value - Corn Products International, Inc. (NYSE: CPO)
Corn Products International saw profits rise 18% in the first quarter as the world's agricultural market remains hot. The company has beaten Wall Street estimates three out of the last four quarters by an average of 8.39%. Corn Products has a forward P/E of 14.28.
Zacks Guide to Value Investing (free!): 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 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 www.zacks.com/performance for information about the performance numbers displayed in this press release.
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About Zacks
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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.
Zacks.com
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
