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Zacks Releases Four Powerful ''Buy'' Stocks: AK Steel Holding Corp., Chesapeake Energy, Aegean Marine Petroleum Network and SYNNEX Corporation

Posted : Wed, 23 Jul 2008 21:18:17 GMT
Author : IL-ZACKS.COM
Category : Press Release
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CHICAGO - (Business Wire) Four free stock picks are being made available today on Zacks.com. The industrys leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: AK Steel Holding Corp. (NYSE: AKS), Chesapeake Energy Corp. (NYSE: CHK), Aegean Marine Petroleum Network Inc. (NYSE: ANW) and SYNNEX Corporation (NYSE: SNX).

Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at http://at.zacks.com/?id=88

Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +30%. Performance has been notable even during volatile and down times. For example, during the last bear market, 2000-2002, the market tumbled -37.6% but Zacks #1 Rank stocks gained +43.8%.

Here is a summary of today's selected stocks that are now highly rated by Zacks:

Aggressive Growth AK Steel Holding Corp. (NYSE: AKS)

AK Steel Holding Corp.'s share price has recently slid lower, but that is not a reflection of the company's strong fundamental profile. AK just reported another great quarter in which revenue was up big from last year. Estimates continue to advance, and at these levels, this stock looks like a bargain.

Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309

Growth & Income Chesapeake Energy Corp. (NYSE: CHK)

Chesapeake Energy Corp. has seen bullish earnings estimate revisions as recently as last week. The companys dividend yield of 0.6% is a competitive one within its industry group. Chesapeake Energy is scheduled to report second-quarter results on July 31.

Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310

Momentum Aegean Marine Petroleum Network, Inc. (NYSE: ANW)

Aegean Marine Petroleum Network has been on a buying spree over the last 12 months, snapping up smaller tanker filling operations that have been struggling to grow profits. Because of the scale of Aegean, it is able to purchase its fueling supplies on a wholesale level and then pass along the costs to its customers.

Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311

Value SYNNEX Corporation (NYSE: SNX)

SYNNEX isn't seeing much of an economic slowdown as it guided revenue and earnings per share higher for the third quarter. The company has surprised on estimates 3 out of the last 4 quarters by 7.55%. SYNNEX has a forward P/E of 9.03.

Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4312

How to Regularly Access Picks from the Zacks Rank Discovery for Free: http://at.zacks.com/?id=88

Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. in Mathematics from M.I.T. found that "earnings estimate revisions are the most powerful force impacting stock prices." Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.

Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register at http://at.zacks.com/?id=88

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms. It monitors more than 200,000 earnings estimates, looking for changes.

Then, when changes are discovered, theyre applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.

More Free Stock Picks

Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription at http://at.zacks.com/?id=91

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.

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.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks.com
Aggressive Growth Stocks:
Contact: Michael Vodicka
Phone: 312-265-9226
or
Growth & Income Stocks:
Contact: Alex Kolb
Phone: 312-265-9149
or
Momentum Stocks:
Contact: Michael Vodicka
Phone: 312-265-9226
or
Value Stocks:
Contact: Tracey Ryniec
Phone: 312-265-9232
Email: pr@zacks.com
Visit: www.zacks.com


Copyright © 2008 Business Wire. All rights reserved.



Article : Zacks Releases Four Powerful ''Buy'' Stocks: AK Steel Holding Corp., Chesapeake Energy, Aegean Marine Petroleum Network and SYNNEX Corporation
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