Zacks Releases New Stock Picks from the +32.5% Momentum Strategy: NewMarket, ATC Technology, Seagate Technology, Chiquita Brands International and Schweitzer-Mauduit International

September 29, 2009 9:21 AM EDT

CHICAGO--(BUSINESS WIRE)-- Stock picks from the Momentum (MM1) Method strategy are being spotlighted today by Zacks, the nation's leading independent stock research firm. Stocks from this strategy caused a stir in the 2008 bear market with a gain of +32.5%, versus a loss of -37% for the S&P 500. In fact, from 2001 through 2007, the strategy has averaged +51% yearly.

The firm is now providing investors with all that's needed to pick their own stocks using the MM1 system. This opportunity may be reached at http://at.zacks.com/?id=4774

Momentum Method focuses on companies marked by analysts for sharply higher earnings. It starts with stocks that have been awarded a Zacks #1 Rank "Strong Buy," limiting the picks to those that are already trading at 52-week highs and are reasonably valued. These are companies that have begun to build momentum and are expected to surge in the weeks ahead. Stocks that recently met the criteria for the Momentum Method (MM1) strategy include: NewMarket Corp. (NYSE: NEU), ATC Technology Corp. (Nasdaq: ATAC), Seagate Technology (Nasdaq: STX), Chiquita Brands International Inc. (NYSE: CQB) and Schweitzer-Mauduit International Inc. (NYSE: SWM).

Here are details about 5 featured Momentum stock picks . . .

NewMarket Corp. (NYSE: NEU) posted second-quarter earnings of $2.50 per share, which surpassed the Zacks Consensus Estimate by 57.2% and was more than double last year's $1.13 per share. The Zacks #1 Rank (Strong Buy) company saw the full-year Zacks Consensus Estimate climb from $8.14 per share to $8.64 in just the past week.

ATC Technology Corp. (Nasdaq: ATAC) reported second-quarter earnings of 55 cents per share, beating the Zacks Consensus Estimate by 11 cents. The Zacks #1 Rank (Strong Buy) company has now topped the Zacks Consensus Estimate in 3 out of last 4 quarters with an average upside surprise of 10.43%. The Zacks Consensus Estimate on the company's full-year earnings jumped 18 cents over the past 3 months to $2.08 per share.

Seagate Technology (Nasdaq: STX) recorded a fiscal fourth-quarter profit of 5 cents per share, well above the Zacks Consensus Estimate for a 9-cent loss. The Zacks #1 Rank (Strong Buy) company recently stated that fiscal first-quarter revenue is expected to be at or slightly above the high end of its previous guidance of $2.4 billion to $2.6 billion. Analysts polled by Zacks are calling for earnings of $1.72 per share for the fiscal year ending June 2010. Estimates were at $1.37 just 1 week ago.

Chiquita Brands International's (NYSE: CQB) second-quarter profit came in at $2.08 per share, beating the Zacks Consensus Estimate by an impressive 151%. The full-year Zacks Consensus Estimate doubled to $2.16 per share from $1.08 over the past 3 months. The Zacks #1 Rank (Strong Buy) stock is attractively valued as evidenced by its P/S multiple of just 0.2 and a PEG ratio of 1.

Schweitzer-Mauduit International Inc. (NYSE: SWM) posted second-quarter earnings of $1.02 per share, which surged past the Zacks Consensus Estimate by 57 cents. The Zacks Consensus Estimate for earnings is up 93% over the past 2 months to $3.75 per share.

Investors can find new Momentum Method picks by themselves without classes or seminars.

The strategy may now be accessed and used through the new Zacks Method for Trading which helps investors "do it themselves" in their own homes, at their own paces. Rather than waiting for someone to send them picks from winning strategies, these people are using their computers to get to them first.

The Zacks Method, in fact, gives individuals a unique advantage over slower-moving stock fund managers. It allows them to apply the full force of the Zacks Rank stock-picking system that has beaten the market for 19 of the past 20 years. For more information, click here: http://at.zacks.com/?id=4716

About Zacks

Zacks Investment Research, Inc. was formed in 1978. Its founder, Len Zacks, a mathematics Ph.D., discovered that revisions to earnings estimates are the most powerful forces that influence stock prices. Today, his 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 used to 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.

Click here for facts about the Zacks Method for Trading and its latest picks . . .

http://at.zacks.com/?id=4717

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.

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

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.

    Source: Zacks

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?