CHICAGO, April 25, 2012 /PRNewswire/ -- Four free stock picks are being made available today on Zacks.com. The industry's 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.
From 1988 through the present – a period that included serious corrections and recessions – the Zacks #1 Rank Stocks have nearly tripled the market with a fully documented average gain of +28% per year.
Here is a summary of today's selected stocks that are now highly rated by Zacks:
Aggressive Growth – Commercial Vehicle Group (Nasdaq: CVGI) Commercial Vehicle Group is a Zacks #1 Rank (Strong Buy) following two straight positive earnings surprises and higher earnings estimates.
Growth & Income – Parker Hannifin Corporation (NYSE: PH) Parker Hannifin Corporation delivered record quarterly earnings on April 24, with earnings per share coming in at $2.01, well ahead of the Zacks Consensus Estimate of $1.72.
Momentum – PPG Industries(NYSE: PPG) Even with the weakness in Europe, the coatings giant PPG is still seeing strong growth in the U.S. and other emerging markets, propelling it to new 52 week highs. A majority of PPG's business is derived from OEM automotive coatings and coating innovations since 1924. Being that auto and truck sales have been relatively strong in recent months and the trends seem to be improving PPG may stand to benefit further from increased production of not just autos, but all types of manufacturing that requires their coatings. They may be the automotive derivative trade you haven't thought of.
Value – Eaton Corporation (NYSE: ETN) Who cares about Europe? Eaton Corporation recently reported record sales in the first quarter as strong U.S. demand more than made up for a slowing international market. This Zacks #1 Rank (Strong Buy) is still a value stock with a forward P/E of 10.7.
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. 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 here: http://at.zacks.com/?id=7155
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, they're 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.
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