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 Shutterfly, Inc. (Nasdaq: SFLY), Joy Global, Inc. (Nasdaq: JOYG), MasterCard, Inc. (NYSE: MA) and Apache Corporation (NYSE: APA).
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 – Shutterfly, Inc. (Nasdaq: SFLY)
Shutterfly, Inc. is snapping profits for its shareholders. Growth is being driven by increasing numbers of customers and higher average orders per customer. The company is adept at exceeding analyst estimates. SFLY has done so in each of past four quarters by an average of 27.2%.
Growth & Income – Joy Global, Inc. (Nasdaq: JOYG)
Joy Global recently entered into a definitive agreement with NES Group, Inc. to acquire Continental Global, Inc. JOYG soared to 52-week highs after announcing solid fiscal fourth-quarter and full-year results in mid-December. Shares currently trade close to that level. Analysts bumped up fiscal 2008 earnings estimates since we last featured Joy Global in December. JOYG’s earnings per share are expected to grow by a healthy 47% over the next 3 - 5 years, which is more than double the industry average of 21%.
Momentum – MasterCard, Inc. (NYSE: MA)
MasterCard Inc. reported a very solid quarter yesterday, with revenue jumping 28% and moving past the billion-dollar dollar mark, to $1.07 billion. The company clearly benefited from its international exposure, with its most significant gains coming from the emerging markets of Southern Asia and Latin America. The company's 2008 guidance was more conservative, but that did not quell investors thirst for the company's stock, as Wall Street put the pedal to the metal and pushed its share price up 9.52% for the day in normal trading hours.
Value – Apache Corporation (NYSE: APA)
Apache Corporation's aggressive oil and natural gas exploration is paying off big for the large E&P company. While the big integrated oil companies struggle to increase production, Apache is drilling in new locations around the world. With elevated crude and natural gas prices, the stock looks cheap with a P/E of 8.85.
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.
The performance of the Zacks Rank portfolios for annual and year-to-date periods are the linked monthly total returns (price changes + dividends) of equal weighted hypothetical portfolios, consisting of those stocks with the indicated Zacks Rank, assuming monthly rebalancing and zero transaction costs. These are not the returns of actual portfolios. The hypothetical portfolios were created at the beginning of each month from January 1988 forward based on the values of the Zacks Rank available to Zacks' clients before the beginning of each month. The portfolios created monthly from 1988 through September 2006 exclude ADRs and are comprised of stocks that have the indicated Zacks Rank and were covered by at least two analysts at the time of the stocks inclusion in the portfolio. Starting in October 2006 and going forward, the portfolios are comprised of all stocks with the indicated Zacks Rank and do not exclude ADRs, which is more reflective of the list of stocks that customers will find on the Zacks web sites. These performance numbers have been audited from 1995 through 2003 by Virchow, Krause & Company, LLP.
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