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Zacks Trading Services Closed Positions: Clean Harbors, MEMC Electronic Materials, AU Optronics, and Methanex
CHICAGO April 7 2008 - Zacks.com announces the companies highlighted recently closed positions in its Breakout Trader and Value Trader trading services. The list includes Clean Harbors (NASDAQ:CLHB), MEMC Electronic Materials (NYSE:WFR), AU Optronics (NYSE:AUO), and Methanex (NASDAQ:MEOH).
These two stocks were recently sold from The Breakout Trader:
Clean Harbors (NASDAQ: CLHB) was closed out with a solid 21.4% gain in the Breakout Trader. Earnings estimates were on the upswing throughout the holding period, which prompted it to be held longer than the standard 30 days. The stock performed beautifully even as the broader market was posting large losses.
MEMC Electronic Materials (NYSE: WFR) rose almost 6% during its time in the portfolio. The company is the leader in the high-growth solar industry and has reasonable valuations to boot. Earnings estimates showed positive revisions while it was held as well.
The Zacks Breakout Trader is a short-term (30 days) trading alert service from that seeks to profit from a company's improving financial situation. Stock positions will be held for an average of 30 days, which is the optimum holding period according to our backtested model. Find out more about this service at our Breakout Trader page.
These two stocks were recently sold from The Value Trader:
AU Optronics (NYSE: AUO) registered a 9.8% gain in the three months that it was held in the portfolio. The valuations on the stock were exceedingly low, and investors bid up the price as they saw deep value. Additionally, the company reported several consecutive months of record revenues due to strong demand for LCD televisions.
Methanex (NASDAQ: MEOH) gained 6.1% and was closed out of the Value Trader portfolio in mid-March. The stock’s price/earnings ratio below 10 was attractive to us and represents strong value. The company has also benefited from strong demand for methanol, of which it is the world’s biggest producer.
The Zacks Value Trader is trading alert service from that identifies stocks that combine exceptional value with timeliness to produce superior profits. What are these elements? While the specific criteria are proprietary, we can tell you that it does include proven value criteria and the Zacks Rank. Learn more at our Value Trader page.
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%. 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% versus +12%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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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 by going to http://at.zacks.com/?id=3568 .
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.
Contact:
Zacks.com
Roopak Chakravarty
312-265-9188
pr@zacks.com
Visit: www.Zacks.com
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