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Zacks Releases Four Powerful ''Buy'' Stocks: Canadian Solar, QUALCOMM, Terra Industries and Callon Petroleum Company
CHICAGO--July 10 2008 --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: Canadian Solar Inc. (Nasdaq: CSIQ), QUALCOMM Inc. (Nasdaq: QCOM), Terra Industries Inc. (NYSE: TRA) and Callon Petroleum Company (NYSE: CPE).
Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at http://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 – Canadian Solar Inc. (Nasdaq: CSIQ)
Canadian Solar Inc. shares have been very volatile in 2008, consistent with many other solar stocks and the overall market. Recently, after setting a new 52-week high, this stock has traded lower and is now pressuring a key level of support. The company reported awesome first-quarter results in April and analyst estimates have been steadily advancing over the last 90 days.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309
Growth & Income – QUALCOMM Inc. (Nasdaq: QCOM)
QUALCOMM Inc. is holding up well in a bearish market, trading near a 52-week high. The company offers a ROE of 20%, four times the industry average of 5%. Its yield of 1.4% stands out as the company operates in an industry that virtually pays no dividend. Wall Street is bullish on the wireless telecommunications player. Five of 11 covering analysts boosted earnings estimates for the fiscal year ending September 2008. Current forecasts of $1.91 are above last month’s $1.87.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310
Momentum – Terra Industries Inc. (NYSE: TRA)
Terra Industries Inc. has been cashing in on the big boom in the agriculture market. Terra's first-quarter result were unbelievable, with net income jumping to over $100 million from just $5.9 million in the same period last year. Amazingly, this stock looks undervalued at its current levels.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311
Value – Callon Petroleum Company (NYSE: CPE)
Earnings are soaring at Callon Petroleum as crude and natural gas prices rise. The company has surprised on estimates each of the last four quarters by an average of 112.13%. Even though the stock has been on a run in recent months, Callon trades at only 6.67 times forward earnings.
Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4312
How to Regularly Access Picks from the Zacks Rank Discovery for Free: http://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 http://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 http://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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
For more information, please contact :
Zacks.com
Aggressive Growth Stocks:
Michael Vodicka
312-265-9226
or
Growth & Income Stocks:
Alex Kolb
312-265-9149
or
Momentum Stocks:
Michael Vodicka
312-265-9226
or
Value Stocks:
Contact: Tracey Ryniec
312-265-9232
pr@zacks.com
www.zacks.com
InvestorIdeas.com Disclaimer: Issuers of press releases are solely responsible for the accuracy of the content.
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