Today Zacks.com releases the names of four more stocks that are on their coveted Brokerage Buy List portfolio. This portfolio includes just those stocks that currently appear on the core recommended lists of at least three of the top 14 brokerage firms. These stocks are considered the best large-cap stocks to own for the long term according to Wall Street's top players. Since inception, this portfolio has generated an annualized return of 9.80%. Here are four stocks that are currently members of this prestigious list: Citigroup Inc. (NYSE:C), FedEx Corporation (NYSE:FDX), The Procter & Gamble Company (NYSE:PG) and Wells Fargo & Company (NYSE:WFC). View the entire list of stocks on the Brokerage Buy List at http://at.zacks.com/?id=139
Here are the explanations as to why these stocks are on the Brokerage Buy List:
Citigroup Inc. (NYSE:C) achieved its second-highest income from continuing operations in the second quarter and made significant progress in its strategic initiatives. The global financial services giant reported earnings per share of $1.05 in July on revenues of $22.18 billion. Earnings barely missed the consensus but still improved on a year-over-year basis. Meanwhile, revenues increased 10%. One of the highlights in the quarter included its second-highest corporate and investment banking revenues, which increased 31%, while income advanced 26%. Citigroup remains a stock to own with three of the top brokerage firms.
FedEx Corporation (NYSE:FDX) recently reported fiscal first quarter earnings per share of $1.53, which edged past the consensus and improved upon last year's $1.25, excluding a charge. Revenue advanced 11% to $8.54 billion from $7.71 billion. The company said its remains confident that it can achieve solid profitable growth by taking advantage of strong international trade trends, increased demand for fast-cycle logistics and the expansion of online purchasing. FedEx also increased its earnings per share guidance for fiscal 2007. The company is a large cap to own for the long haul with three of the top brokerage firms.
The Procter & Gamble Company (NYSE:PG) earlier this month confirmed its sales and earnings guidance for its fiscal first quarter. The consumer products giant continues to expect sales growth between 23% and 27%, as well as diluted earnings per share of 76 cents to 78 cents. For its fiscal fourth quarter, Procter & Gamble reported net sales of $17.84 billion, which marked a 25% advance from the previous year, as organic sales beat the company's expectations and rose 8%. The company remains a large-cap stock to own for the long term with four of the leading brokerage firms. PG will report its fiscal first quarter numbers on Oct. 31.
Wells Fargo & Company (NYSE:WFC) is a large cap to own for the long term with four of the leading brokerages. Analysts like this financial services company's fundamentals, which include its diversified business and geographic operations; its strong credit quality; and its favorable balance sheet mix. For its second quarter, Wells Fargo reported earnings per share that improved by approximately 10% year over year on revenue growth of 12% to $8.8 billion.
To discover all the other profitable stock portfolios at Zacks.com, use this link: http://at.zacks.com/?id=140
About Zacks Brokerage Buy List
Zacks has developed many successful ways for individual investors to profit from the stock picking prowess of Wall Street professionals. The Brokerage Buy List is yet another powerful tool that investors can wield in order to improve their investment results. This portfolio is comprised of the core stocks recommended by at least three of the Top 14 brokerage firms. These are the kind of large-cap stocks that are best for long- term investors. Since January 2003, this portfolio has generated an annualized double-digit return. To learn more about the Brokerage Buy List, go to http://at.zacks.com/?id=141
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