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Zacks Releases Four Powerful ''Buy'' Stocks: Hasbro, Suncor Energy, Jo-Ann Stores and Schnitzer Steel Industries


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© Business Wire 2008
2008-07-23 05:03:09 -

- 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: Hasbro, Inc. (NYSE: HAS), Suncor

Energy, Inc. (NYSE: SU), Jo-Ann Stores, Inc. (NYSE: JAS) and Schnitzer Steel Industries, Inc. (Nasdaq: SCHN).

Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at 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 - Hasbro, Inc. (NYSE: HAS)

Hasbro, Inc. reported strong second-quarter results on July 21 that once again outpaced analyst expectations. The company's share price advanced back to its 52-week high on the news. Estimates have continued to rise over the last 90 days.

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

Growth & Income - Suncor Energy, Inc. (NYSE: SU)

Suncor Energy, a Zacks Rank #1 (Strong Buy), is scheduled to release results for the second quarter this Thursday, July 24, 2008. The company's first quarter demonstrated solid year-over-year earnings growth, and the second quarter is projected to post significant growth as well.

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

Momentum - Jo-Ann Stores, Inc. (NYSE: JAS)

Jo-Ann Stores is doing a great job of executing a turn-around strategy that has enabled the company to move back into profitability. The company's first-quarter results, reported on May 28 were excellent. Jo-Ann also recently boosted its full-year guidance.

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

Value - Schnitzer Steel Industries, Inc. (Nasdaq: SCHN)

Schnitzer Steel is riding the price surge on ferrous metals to record earnings. The company has surprised on estimates 2 out of the last 4 quarters. Schnitzer has a forward P/E of only 10.80 even as the stock has soared in 2008.

Zacks Guide to Value Investing (free!): at.zacks.com/?id=4312

How to Regularly Access Picks from the Zacks Rank Discovery for Free: 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 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 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 www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks.com
Aggressive Growth Stocks:
Contact: Michael Vodicka
Phone: 312-265-9226
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


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