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Zacks #1 Rank Top Performers: Datawatch, Callaway Golf, Kindred Healthcare, SYNNEX and Accenture

Zacks.com announces the latest list of top performing Zacks #1 Rank (strong buy) stocks. The stocks on the prestigious list with the highest returns last week were Datawatch Corporation (NASDAQ: DWCH), Callaway Golf Company (NYSE: ELY), Kindred Healthcare, Inc. (NYSE: KND), SYNNEX Corporation (NYSE: SNX) and Accenture (NYSE: ACN). Each of these stocks easily outperformed the S&P 500.

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32% 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 learn more about the Zacks Rank, go to http://at.zacks.com/?id=3172.

Here is a synopsis of the last weeks best performing Zacks #1 Rank stocks.

Datawatch Corporation (NASDAQ: DWCH) was the top-performing Zacks #1 Rank company last week with a gain of approximately 21.7%, despite the difficult market environment. DWCH is a leader in Enterprise Information Management (EIM). The company is scheduled to report its fiscal first-quarter results on Jan 31. Over the past month, the earnings estimate for its fiscal first quarter and for the fiscal year ending September 2008 are up 11% and 24%, respectively.

Datawatch reported earnings per share of 14 cents for its fiscal fourth quarter, reversing a year-ago loss of 10 cents and beating the consensus by more than 133%. Revenues jumped by 29% year over year.

Callaway Golf Company (NYSE: ELY) was a top performer last week as shares gained almost 6%. The company recently announced that full-year 2007 earnings per share are expected between 87 cents and 89 cents, excluding items. This means the company might beat Wall Street expectations as they were at the time of the announcement. Net sales should increase about 10%. Earnings estimates for the year ended December 2007 moved forward 1.1% in the past seven trading days. In addition, Callaway Golf enjoyed an upgrade from a brokerage firm.

ELY believes it can build on the this momentum moving forward. The company mentioned several new products on tap for 2008, which, along with its focus on business processes and cost controls, puts Callaway in a good position to drive shareholder value.

Kindred Healthcare, Inc. (NYSE: KND) received an upgrade from a major brokerage firm last week, helping the healthcare services company become a top-performing Zacks #1 Rank. Shares gained 5.1% for the week ended Jan 18. Earnings estimates for the years ended December 2007 and ending December 2008 are up 10.9% and 8.1%, respectively, from three months ago.

For its third quarter, Kindred Healthcare announced adjusted earnings per share that beat both the year-ago result and also the consensus. However, the bigger news was that KND raised its EPS guidance for the fourth quarter to between 46 cents and 51 cents, compared to the prior guidance of 41 cents to 46 cents. Earnings estimates for the quarter are, therefore, up 9% over the past three months. KND also raised its guidance for fiscal 2008, citing its expectation of continued improvements in professional liability cost trends and the benefit of its third-quarter stock-repurchase program.

SYNNEX Corporation (NYSE: SNX), earlier this month, announced solid fiscal fourth-quarter numbers, including earnings per share of 61 cents that accounted for a positive surprise of almost 13% over the consensus. The result also advanced year over year from 48 cents. Revenues moved forward by 13.4% to $1.97 billion from $1.74 billion. SNX attributed its results to excellent execution in its core business along with strategic acquisitions. Shares of the business process services outsourcing company increased a little more than 4% last week, which was enough to make it a top performer.

Despite the current economic challenges, SYNNEX expects to grow EPS by more than 15% year over year. For its fiscal first quarter, the company expects earnings per share between 49 cents and 51 cents. Earnings estimates for the year ending November 2008 are up 4.3% in the past 30 days.

Accenture (NYSE: ACN) made last weeks top performer list with a gain of 3%. The global management consulting, technology services and outsourcing company was featured as a Growth & Income stock of the day at Zacks.com on Jan 3. Over the past month, earnings estimates for the years ending August 2008 and August 2009 are up 4.8% and 5.6%, respectively.

Mid-December saw Accenture announce strong fiscal first-quarter results, including earnings per share of 60 cents that beat the consensus by more than 7%. The result also advanced from 46 cents in the previous year. Net revenues moved forward 19% to $5.67 billion the highest quarterly net revenues in its history. The company experienced record net revenues across all five operating groups. In addition, Accenture raised its EPS guidance for the full fiscal year to between $2.36 and $2.41, accounting for the above-mentioned rise in analyst expectations.

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%. 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 % vs. +12%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

To view the current Zacks #1 Rank List and to see additional Zacks Rank resources, go to http://at.zacks.com/?id=3173.

Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks Rank stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=3168.

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 by going to http://at.zacks.com/?id=3169.

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.

The performance of the Zacks Rank portfolios shown above 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. 2007 returns are for the period of Jan 1 - Mar 31, 2007. These performance numbers have been audited from 1995 through 2003 by Autschuler Melovan, a division of American Express Financial.

The S&P 500 Index is a well-known, unmanaged index of the prices of 500 large-company common stocks, mainly blue-chip stocks, selected by Standard & Poor's. The S&P 500 Index assumes reinvestment of dividends but does not reflect advisory fees. An investor cannot invest directly in an index.

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.

Contacts:

Zacks.com
Jim Giaquinto
Phone: 312-265-9268
Email: pr@zacks.com
Visit: www.Zacks.com

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