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Zacks Releases Four ''Strong Buy'' Stocks: Clean Harbors, Williams Companies, Carrizo Oil & Gas and Genco Shipping & Trading Limited
CHICAGO-(Business Wire)-March 27, 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 stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value. Today's four highlighted picks are: Clean Harbors, Inc. (Nasdaq:CLHB), Williams Companies, Inc. (NYSE:WMB), Carrizo Oil & Gas Inc. (Nasdaq:CRZO) and Genco Shipping & Trading Limited (NYSE:GNK).
Zacks #1 Rank Strong Buys have nearly tripled the S&P 500 since 1988, producing an average annual return of +31%. 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%.
To see the secret behind this performance, investors are invited to download the free special report, Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. http://at.zacks.com/?id=4422
Here is a summary of today's Zacks #1 Rank Strong Buy Stocks:
Aggressive Growth - Clean Harbors, Inc. (Nasdaq: CLHB)
Clean Harbors, Inc. is cleaning up investors' portfolios. The company is increasing its incinerator capacity which should spur strong revenue growth. This year's earnings estimates have increased 15 cents to $2.67 over the past month. All four analysts have raised their numbers over the past 30 days.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4423
Growth & Income - Williams Companies, Inc. (NYSE: WMB)
Williams Companies boasts a Zacks #1 Rank (Strong Buy) as it did when featured about a month ago, and as was the case last month, the company is trading near a 52-week high. This Growth & Income pick recently increased the quarterly cash distribution and has seen analysts lift earnings forecasts. The company's earnings are expected to grow by 13% over the next 3 - 5 years, more than doubling the industry's average of 6%. Williams Companies' ROE of 16% also tops the industry average of 14%.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4424
Momentum - Carrizo Oil & Gas, Inc. (Nasdaq: CRZO)
Carrizo Oil & Gas Inc. is cashing in on the big boom in the energy sector. The company reported impressive fourth-quarter results on Feb 28 that included a 47% jump in revenue. Carrizo has been riding a tidal wave of significantly enhanced production capacities and the bullish trend in energy prices. Estimates are on the rise, and the share price is up trending. This company looks well positioned to capitalize from the high-demand summer season that is close at hand.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4425
Value - Genco Shipping & Trading Limited (NYSE: GNK)
Genco Shipping & Trading sees the surge in commodities demand first hand as the international shipping lanes hum with traffic. The company saw its rates sharply increase in 2007. Genco is sharing the profits with shareholders with a $50 million share repurchase program in 2008 and a hefty dividend of 6.20%. Genco has surprised on estimates the last two quarters.
Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4426
The Zacks Rank Discovery
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.
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 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=4427
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.
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