Zacks Buy List Highlights: Bally Technologies, Casey's General Stores, DeVry and...
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Zacks Buy List Highlights: Bally Technologies, Casey's General Stores, DeVry and Yamana Gold 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 Bally Technologies, Inc. (NYSE: BYI), Casey's General Stores, Inc. (Nasdaq: CASY), DeVry, Inc. (NYSE: DV) and Yamana Gold, Inc. (NYSE: AUY). Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32.2% 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 - Bally Technologies, Inc. (NYSE: BYI) Bally Technologies, Inc. has been a winning bet for shareholders. Ratings agencies are upgrading the company's outlook due to improving cash flows. Earnings estimates have been solidly rising for the company. Over the past month, 2008 estimates have risen 41 cents to $1.78 per share. All five covering analysts have lifted their forecasts during this time. Growth & Income - Casey's General Stores, Inc. (Nasdaq: CASY) Casey's General Stores, Inc. has seen analysts increase earnings estimates. The company posted fiscal second-quarter earnings of 54 cents per share in early December, eclipsing the year-prior 34 cents and outpacing the consensus estimate by nearly 12.5%. The second-quarter report included a quarterly dividend declaration of $0.065 per share. CASY is yielding 1.00%, which beats the industry average and is higher than the yield offered last time CASY was featured as a Growth & Income pick. Momentum - DeVry, Inc. (NYSE: DV) DeVry, Inc. had an awesome 2007, with shares gaining close to 100% in value. The company looks like it will continue the trend in 2008 as its stock price is once again off to a hot start. Although estimates have been tempered, DeVry shares recently moved beyond their three-month range and logged a fresh 52-week high. DeVry is set to report its second quarter results this Thursday, Jan 24. Value - Yamana Gold, Inc. (NYSE: AUY) Even with gold at record highs, all gold mining companies are not created equal. Recent acquisitions have turned Yamana Gold into an attractive intermediate gold mining power with great growth potential. With a P/E of only 13.78, Yamana is positioned to ride the continuing gold bull market. 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." Since inception in 1988, #1 Rank stocks have generated an average annual return of +32.2%. 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 (+5.3% vs. +12.1%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively. 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 Jan 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 - Jun 30, 2007. These performance numbers have been audited from 1995 through 2003 by Autschuler Melovan, a division of American Express Financial. 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. 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 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. 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. Zacks.com Aggressive Growth Stocks: Roopak Chakravarty, 312-265-9188 or Growth & Income Stocks: Alex Kolb, 312-265-9149 or Momentum Stocks: Michael Vodicka, 312-265-9226 or Value Stocks: Tracey Ryniec, 312-265-9232 pr@zacks.com www.zacks.com Copyright Business Wire 2008
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