CHICAGO--(BUSINESS WIRE)--
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 SimpleTech, Inc. (Nasdaq: STEC),
Sotheby's (NYSE: BID), Herman Miller, Inc. (Nasdaq: MLHR), and
ProAssurance Corporation (NYSE: PRA).
Stocks ranked #1 (Strong Buy) by Zacks have produced an average
annual return of +32.4% 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 - SimpleTech, Inc. (Nasdaq: STEC)
SimpleTech, Inc. has met or exceeded analyst estimates in five out
of the past six quarters. Year-over-year growth was 150% in the latest
quarter. Two analysts have raised their estimates for both this year
and next. Over the past 60 days, this year's estimates have increased
13.8%, while next year's numbers have jumped almost 29% to 45 cents
per share.
Growth & Income - Sotheby's (NYSE: BID)
Sotheby's, a Zacks #1 Rank stock, exceeded analysts' earnings
expectations for the past six quarters by an average margin of 19.5%.
The company recently reported record revenues and income from
continuing operations in the second quarter. Consensus estimates for
both this year and next year have been on the rise. Earnings per share
are projected to grow 18% over the next 3-5 years. BID has a current
dividend yield of 1.3%.
Momentum - Herman Miller, Inc. (Nasdaq: MLHR)
Herman Miller, Inc. delivered a 7.5% positive earnings surprise on
Sep 20 by reporting EPS of 43 cents per share. This amounted to a
26.5% improvement over the prior-period's 34 cents. MLHR reported
after the close on Sep 20, and gapped open the next day, closing 14%
higher at $33.40. That opening on heavy volume propelled MLHR into
six-year highs.
Value - ProAssurance Corporation (NYSE: PRA)
ProAssurance Corporation, a Zacks #1 Rank stock, beat analysts'
earnings expectations in seven out of the past nine quarters by an
average margin of 13.4%. The company completed its merger with
Physicians Insurance Company of Wisconsin, Inc. on Jul 31 and it is
expected to fuel premium growth going forward. Profit forecasts have
been on the rise. PRA has a price-to-book ratio of 1.7, compared to
5.2 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
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." A
$10,000 investment in the Zacks Rank list made in 1988 would now be
worth $1.80 million - equivalent to a 32.4% 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 145.9% annually (+4.7% vs. +11.6%).
Thus, the Zacks Rank system allows investors to truly manage portfolio
trading effectively.
Zacks "Profit from the Pros" e-mail newsletter offers continuous
coverage of Zacks Rank Buy stocks and highlights those stocks poised
to outperform the market. Subscribe to this free newsletter today by
visiting http://at.zacks.com/?id=90.
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.
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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
& 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.
Source: Zacks.com
Contact: Zacks.com
Aggressive Growth Stocks:
Roopak Chakravarty, 312-630-9880 x 188
or
Growth & Income Stocks:
Jim Licato, 312-630-9880 x 226
or
Momentum Stocks:
Stephen Rawls, 312-630-9880 x 236
or
Value Stocks:
Jim Licato, 312-630-9880 x 226
pr@zacks.com
www.zacks.com