CHICAGO, April 13, 2011 /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.
The four highlighted picks are: The Toro Company (NYSE: TTC), Quality Systems, Inc. (Nasdaq: QSII), Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) and Esterline Technologies Corporation (NYSE: ESL).
Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +26%. 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:
Quality Systems, Inc. stands to benefit from healthcare organizations migrating to electronic health records (EHR), and from a $20 billion "nudge" from the federal government through The American Recovery and Reinvestment Act to accelerate this pace.
Dollar Thrifty Automotive Group, Inc. recently spiked to a new all-time high after pleasing the Street by raising its full-year 2011 guidance. With sales on the upswing in the rebounding economy, this Zacks #1 rank stock is a solid momentum pick.
After a record 2010, Esterline Technologies Corporation started off fiscal 2011 on the same strong note, beating the Zacks Consensus Estimate by 47%. This Zacks #1 Rank (strong buy) continues to be a value with a forward P/E of 14.3x estimates.
Underlying the four free stock picks is a simple truth that first appeared in aFinancial 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.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stockreports issued by 3,000 analysts from 150 brokerage firms. It monitorsmore 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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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.