(Source: Business Wire)
Stock picks from the Momentum (MM1) Method strategy are spotlighted today by Zacks, the nation's leading independent stock research firm. Stocks from this strategy caused a stir during the first half of the 2008 bear market with a gain of +35.2%, versus a loss of -11.9% 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: Kirkland's Inc. (NASDAQ: KIRK), Buffalo Wild Wings Inc. (NASDAQ: BWLD), Allied World Assurance Holdings Ltd (NYSE: AWH), Cubic Corp. (NYSE: CUB) and Mylan Inc. (NASDAQ: MYL).
Here are details about today's 5 featured Momentum stock picks . . .
Kirkland's Inc. (NASDAQ: KIRK) recently reported fourth-quarter earnings of 59 cents per share which topped the consensus estimate by 7 cents. The company witnessed 5.3% year-on-year growth in same-store sales during the quarter. The Zacks#1 Rank ("strong buy") stock is trading at a low PEG multiple of 0.7x.
Buffalo Wild Wings Inc. (NASDAQ: BWLD) reported 28.7% growth in fourth-quarter earnings to $7.7 million, or 43 cents per share beating the consensus by 4 cents. The impressive performance was driven by higher sales from company-owned restaurants. The Zacks#1 Rank ("Strong buy") stock is trading at a PEG of 0.97x and P/S of 1.53x.
Allied World Assurance Holdings Ltd (NYSE: AWH) announced solid fourth-quarter results as operating income grew to a record $141.1 million, or $2.78 per share beating analysts' expectation of $1.83. This Zacks#1 Rank ("Strong buy") stock, which topped the consensus in the third-quarter as well, trades at a PEG multiple of 0.51x.
Cubic Corp. (NYSE: CUB) reported a 33% jump in first-quarter profit on higher sales in its defense and transportation systems segments. Despite a weak economy, the company's quarterly net income of $14.2 million, or 53 cents a share, easily beat the consensus estimate of 43 cents. The Zacks#1 Rank ("strong buy") stock trades with a P/S multiple of 0.79X, which is lower than the industry average.
Mylan Inc.
