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Zacks Buy List Highlights: FARO Technologies, Helmerich & Payne, Molson Coors Brewing Co. and Chiquita Brands International
CHICAGO-(Business Wire)-March 28, 2008 - 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 FARO Technologies, Inc. (Nasdaq:FARO), Helmerich & Payne, Inc. (NYSE:HP), Molson Coors Brewing Co. (NYSE:TAP) and Chiquita Brands International, Inc. (NYSE:CQB).
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: http://at.zacks.com/?id=88.
Here is a synopsis of today's Zacks Rank Buy Stocks:
Aggressive Growth - FARO Technologies, Inc. (Nasdaq: FARO)
FARO Technologies, Inc. is seeing strong demand for its products despite a tough economy. The stock has rebounded strongly from its lows in January, but is still attractively valued at a PEG ratio of 1.1. Earnings estimates for this year have risen nine cents to $1.50 over the past month. All three covering analysts have raised their guidance.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309
Growth & Income - Helmerich & Payne, Inc. (NYSE: HP)
Helmerich & Payne is a Growth & Income pick that 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 many of the companies in the oil and gas drilling industry do not pay out a dividend at all. Helmerich & Payne's ROE of 22% is higher than the industry average of 21%.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310
Momentum - Molson Coors Brewing Co. (NYSE: TAP)
Molson Coors Brewing Co. is operating in an industry that has historically been less susceptible to weakness in the overall economy. This dynamic was evident when the company reported solid fourth quarter results on Feb 12 that included a significant jump in earnings. The company's stock price has been holding up really well under greater economic pressure, and looks well positioned to continue advancing.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311
Value - Chiquita Brands International, Inc. (NYSE: CQB)
Chiquita Brands is finding pricing power as supply constraints push up banana prices worldwide. Analysts are estimating 456.57% year-over-year earnings per share growth in 2008. The company has a P/E of 13.57, under the industry average of 18.
Zacks Guide to Value Investing (free!): http://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 http://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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=90.
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 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.
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