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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
Home / Markets / Industries / Energy
Tuesday, July 22, 2008
Zacks Releases Four Powerful ''Buy'' Stocks: Hasbro, Suncor Energy, Jo-Ann Stores and Schnitzer Steel Industries
Comtex
CHICAGO, Jul 22, 2008 (BUSINESS WIRE) ----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: Hasbro, Inc. (NYSE: HAS), Suncor Energy, Inc. (NYSE: SU), Jo-Ann Stores, Inc. (NYSE: JAS) and Schnitzer Steel Industries, Inc. (Nasdaq: SCHN).
Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free at http://at.zacks.com/?id=88
Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +30%. 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:
Aggressive Growth - Hasbro, Inc. (NYSE: HAS)
Hasbro, Inc. reported strong second-quarter results on July 21 that once again outpaced analyst expectations. The company's share price advanced back to its 52-week high on the news. Estimates have continued to rise over the last 90 days.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309
Growth & Income - Suncor Energy, Inc. (NYSE: SU)
Suncor Energy, a Zacks Rank #1 (Strong Buy), is scheduled to release results for the second quarter this Thursday, July 24, 2008. The company's first quarter demonstrated solid year-over-year earnings growth, and the second quarter is projected to post significant growth as well.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310
Momentum - Jo-Ann Stores, Inc. (NYSE: JAS)
Jo-Ann Stores is doing a great job of executing a turn-around strategy that has enabled the company to move back into profitability. The company's first-quarter results, reported on May 28 were excellent. Jo-Ann also recently boosted its full-year guidance.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311
Value - Schnitzer Steel Industries, Inc. (Nasdaq: SCHN)
Schnitzer Steel is riding the price surge on ferrous metals to record earnings. The company has surprised on estimates 2 out of the last 4 quarters. Schnitzer has a forward P/E of only 10.80 even as the stock has soared in 2008.
Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4312
How to Regularly Access Picks from the Zacks Rank Discovery for Free: http://at.zacks.com/?id=88
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. 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.
Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register at http://at.zacks.com/?id=88
About Zacks
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.
More Free Stock Picks
Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription at 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.
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.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
SOURCE: Zacks.com
Zacks.com Aggressive Growth Stocks: Contact: Michael Vodicka Phone: 312-265-9226 or Growth & Income Stocks: Contact: Alex Kolb Phone: 312-265-9149 or Momentum Stocks: Contact: Michael Vodicka Phone: 312-265-9226 or Value Stocks: Contact: Tracey Ryniec Phone: 312-265-9232 Email: pr@zacks.com Visit: www.zacks.com
Copyright Business Wire 2008 ********************************************************************** As of Friday, 07-18-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 07-17-2008 for HAS @ $37.16. As of Friday, 07-18-2008 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 07-14-2008 for JAS @ $20.93. As of Friday, 07-18-2008 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-27-2008 for SU @ $69.48. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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