Corporation, Calumet Specialty Products Partners, L.P., and Teche Holding
CHICAGO--(BUSINESS WIRE)--June 21, 2006
Zacks.com releases the latest list of Zacks Rank Buy
Stocks. Everyday on Zacks.com, four stocks are selected based on how
well they match the criteria for the four main schools of investing:
Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks
Rank Buy stocks highlighted today are WESCO International, Inc.
(NYSE:WCC), Nokia Corporation (NYSE:NOK), Calumet Specialty Products
Partners, L.P. (Nasdaq:CLMT), and Teche Holding Company (AMEX:TSH).
Stocks ranked #1 (Strong Buy) by Zacks have produced an average
annual return of +33% 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 - WESCO International, Inc. (NYSE:WCC)
Analysts recently boosted their full-year earnings projections on
WESCO International, Inc., a Zacks #1 Rank stock. The new consensus
estimate of $3.70 per share is two cents higher than a week ago and 25
cents higher than two months ago. The trend for 2007 earnings is also
positive with the current estimate of $4.41 representing a two-month,
32-cent increase. WCC has topped earnings expectations for 13
Growth & Income - Nokia Corporation (NYSE:NOK)
Nokia Corporation recently announced that it will combine its
network equipment units with those of Siemens AG to form an entity
with $20 billion in annual sales. The company beat analysts'
first-quarter estimates by 25.0% on April 20 and increased its global
market share to 35%. Earnings per share are forecasted to grow 11.8%
over the next 3-5 years. Consensus estimates are trending higher for
this Zacks #1 Rank stock. The company is currently yielding 1.6%.
Momentum - Calumet Specialty Products Partners, L.P. (Nasdaq:CLMT)
On May 10, 2006, Calumet Specialty Products Partners, L.P.
reported earnings for the March 2006 quarter of 57 cents per share, a
positive 11.8% surprise over analysts' consensus estimates. The stock
has sold off somewhat from its all-time high of $36.94 set on Jun 12,
but the strong overall uptrend remains in place. CLMT looks quite
capable of moving higher and setting new all-time highs.
Value - Teche Holding Company (AMEX:TSH)
Teche Holding Company, a Zacks #1 Rank stock, announced record
quarterly earnings per share on Apr 19, 2006. Furthermore, the
company's results bettered analysts' expectations by 32.3%. Consensus
earnings estimates have been on the rise for both this fiscal year and
next. TSH boosted its dividend for 13 consecutive quarters and is
currently yielding 2.5%. The company has a price-to-book ratio of 1.6,
compared to 3.9 for the market.
Truly taking advantage of the Zacks Rank requires the
understanding of how it works. 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
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate
revisions are the most powerful force impacting stock prices." A
$10,000 investment in the Zacks Rank list made in 1988 would now be
worth $1.82 million - equivalent to a 33% annualized return! 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 129.7% annually (+5.2% vs. +11.9%).
Thus, the Zacks Rank system allows investors to truly manage portfolio
Zacks "Profit from the Pros" e-mail newsletter offers continuous
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entities (including a broker-dealer and an investment adviser), which
may engage in transactions involving the foregoing securities for the
clients of such affiliates.
(a)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index
of the prices of 500 large-company common stocks selected by Standard
& Poor's. The S&P 500 includes the reinvestment of all dividends, no
transaction costs, and represents the gross returns before management
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.
Aggressive Growth Stocks:
Roopak Chakravarty, 312-630-9880 x 188
Growth & Income Stocks:
Jim Licato, 312-630-9880 x 226
Stephen Rawls, 312-630-9880 x 236
Jim Licato, 312-630-9880 x 226
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