All Star Analysts Portfolio Highlights: Bank of America, Rowan Companies, Target Corporation and Wachovia Corporation

Zacks.com just released its latest additions and deletions to its proprietary All Star Analyst portfolio. Members on this exclusive list include Bank of America Corporation (NYSE:BAC), Rowan Companies, Inc. (NYSE:RDC), Target Corporation (NYSE:TGT) and Wachovia Corporation (NYSE:WB). View the entire list of stocks on the All Star Analyst portfolio at http://at.zacks.com/?id=510

This exclusive portfolio represents all stocks with a Strong Buy rating from at least four analysts with a 5-Star All Star ranking. These are the brokerage analysts whose stock recommendations proved to be the most profitable for investors. Since July 2002, this portfolio has generated an annualized return of 11.63%, exceeding the S&P 500. Here is a synopsis of why these stocks are in the All Star Analysts Portfolio:

Bank of America Corporation (NYSE:BAC) will report its second quarter results next month. In late April, the company posted a solid start to the year thanks to strong momentum in all of its businesses. First quarter earnings per share, excluding items, of $1.08 marked a positive surprise of approximately 8% over Wall Street expectations. Revenue rose to $17.94 billion from $13.74 billion year over year. Bank of America said benefits from continued execution in its consumer businesses were accompanied by a rebound in trading and good performance in investment banking and wealth management. The company is one of the All Stars' favorite names in the industry.

Rowan Companies, Inc. (NYSE:RDC) is a major provider of international and domestic contract drilling services, and remains a favorite with the All Star Analysts. The company will report its second quarter numbers on July 25. In late April, Rowan posted first quarter earnings per share of 53 cents, which improved from the same period in 2005, while revenues advanced to $299.8 million from $222.4 million. The company said its businesses continue to perform at record levels and it expects further improvement in the months ahead.

Target Corporation (NYSE:TGT) now expects same-store sales for June at the upper half of its 3% to 5% range. Target will report June sales next week. Early this month, the company announced a same-store sales rise of 5.7% for May, which was in line with its expectations. Total sales in the month advanced 12.3% to approximately $3.93 billion from $3.5 billion a year earlier.

Wachovia Corporation (NYSE:WB) announced, in mid-April, first quarter earnings per share, excluding merger-related expenses, of $1.12. The result advanced year over year from $1.03. The company generated record revenue of $7.06 billion due to strong results in both its traditional banking and market-sensitive businesses. Revenue advanced 9% from $6.47 billion. Wachovia said it continued to see excellent sales production, top-notch customer service and market share gains throughout its businesses. It is also gaining leverage from improving efficiency. Wachovia plans to announce its second quarter results on July 20.

Discover all the current All Star Analyst rankings and top analyst recommendations at http://at.zacks.com/?id=511

About Zacks All Star Analyst Survey

To learn which brokerage analysts are the best in their field and what stocks they're recommending today, see the Zacks All Star Analyst survey. This exclusive survey, created with Fortune Magazine, reveals the "Best-of-Breed" brokerage analysts. They are the select group of winners from the universe of brokerage analysts - the ones who consistently beat the street - the few you should be following now. Visit the Zacks All Star Survey to find the best analysts and their top stock recommendations at http://at.zacks.com/?id=512

Top recommendations from All Star Analysts Highlighted in FREE Investment Newsletter

Each week, Zacks.com highlights investment insight and favorite recommendations from All Star Analysts and other leading investment experts. This is all part of our FREE e-mail newsletter, "Profit from the Pros." The only way to get these powerful insights is with a FREE subscription to the "Profit from the Pros" investment newsletter. Register for a free subscription at http://at.zacks.com/?id=513

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=514

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.

(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 and Poor's. The S&P 500 includes the reinvestment of all dividends, no transaction costs, and represents the gross returns before management fees.

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.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here