Instruments Corporation, Companhia de Bebidas Das Americas and Eaton Corporation
CHICAGO--(BUSINESS WIRE)--July 20, 2007
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 Lindsay Corporation (NYSE: LNN), National
Instruments Corporation (Nasdaq: NATI), Companhia de Bebidas Das
Americas (NYSE: ABV), and Eaton Corporation (NYSE: ETN).
Stocks ranked #1 (Strong Buy) by Zacks have produced an average
annual return of +31.9% 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 - Lindsay Corporation (NYSE: LNN)
Lindsay Corporation is riding the wave of the agricultural boom to
greater profits. Farm equipment spending is healthy and getting
better, which should help Lindsay's pricing. Over the past month, this
year's earnings estimates have jumped 27 cents to $1.35 per share.
There is only one analyst covering the stock, so the "neglected firm"
effect could work in the company's favor. The analyst projects 15%
long-term earnings growth for the company.
Growth & Income - National Instruments Corporation (Nasdaq: NATI)
National Instruments Corporation topped the Street's earnings
estimate in 10 out of the past 11 quarters by an average margin of
12.0%. Consensus earnings estimates for both this year and next have
been on the rise for this Zacks #1 Rank stock. Steadily increasing
free cash flows over the past few years helped the company increase
shareholder value through dividend payments and share buybacks. NATI
is currently yielding 0.81%.
Momentum - Companhia de Bebidas Das Americas (NYSE: ABV)
On May 10, Companhia de Bebidas Das Americas reported
first-quarter earnings of 79 cents per share, up from 66 cents in the
year ago period, an 18.8% increase. Driving the earnings growth,
revenues rose 17.3% to $4.655 billion. ABV is currently trading at the
52-week high. An upside breakout from these levels would be
particularly bullish and should result in further price acceleration.
Value - Eaton Corporation (NYSE: ETN)
Eaton Corporation exceeded analysts' earnings expectations in 14
out of the past 16 quarters. The company recently boosted its
full-year outlook by 30 cents for both its net income per share and
operating earnings per share. Consensus estimates have risen over the
past seven days. Earnings per share are projected to grow 10% over the
next 3-5 years. ETN has a price-to-book ratio of 3.4, compared to 4.8
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 visiting
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 +31.9%. 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 132% annually (+5.1%
vs. +11.9%). Thus, the Zacks Rank system allows investors to truly
manage portfolio trading effectively.
Zacks Rank performance is the total return (price changes +
dividends) of equal weighted portfolios, consisting of those stocks
with the indicated Zacks Rank, assuming zero transaction costs. These
returns are not the result of a backtest; these are actual returns
since 1988. The stocks in the Zacks Rank portfolios were available to
Zacks clients before the beginning of each month (monthly
rebalancing). Performance results from 1988 through September 2006 are
based on a subset of all Zacks Rank stocks that excludes stocks
covered by only one analyst and ADR's.
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The S&P 500 Index is a well-known, unmanaged index of the prices
of 500 large-company common stocks, mainly blue-chip stocks, selected
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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, 312-265-9188
Growth & Income Stocks:
Jim Licato, 312-265-9226
Ryan Whitmore, 312-265-9265
Jim Licato, 312-265-9226
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