Zacks.com Announces That Gregory Spear Highlights the Following Stocks: Anglo American, Centex Corporation, KB Home, First American Corporation, and Blockbuster

Business Wire, Nov 30, 2004

CHICAGO -- Gregory Spear explains how the market's recent upswing may be due for at least a short-term slow down. Riding this bull market can still be rewarding but stay informed and read about Anglo American (NASDAQ:AAUK), Centex Corporation (NYSE:CTX), KB Home (NYSE:KBH), Fist American Corporation (NYSE:FAF) and Blockbuster Inc. (NYSE:BBI). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the November 19th Featured Expert column by Gregory Spear includes:

We have now had 17 days of steady progress; 17 days well above the 8-day ema with nary a pullback, and as Gregory Spear goes to press on Friday (11/12), it appears we may be pausing here. We have had other brief pauses, but no real pullbacks. This week we have been trading sideways for a few days and many are expecting a correction of the overbought market for one technical reason or another. Spear hears things like "We certainly should test the breakout down at 1160; sentiment is far too bullish; the put call ratio is far too low; the VIX is far too low." Etc., etc. These are all valid arguments, particularly the level of the Volatility Index (VIX).

Anglo American (NASDAQ:AAUK) was able to achieve record first half headline earnings of $1.3 billion, an increase of 52% over the corresponding period in 2003, with total profit for the period up 125% to $1.7 billion. This was driven by record performance in the base metals group, where headline earnings increased sevenfold to $455 million.

A sampling of the Consensus Buy List

Centex Corporation (NYSE:CTX) is a premier company in building and related services: Home Building, Home Services, Financial Services, Contracting and Construction Services, Construction Products and Investment Real Estate.

KB Home (NYSE:KBH) is a builder of single-family homes with domestic operations in several western states, and international operations in France.

First American Corporation (NYSE:FAF) is the nation's leading provider of business information and related products and services.

Blockbuster Inc. (NYSE:BBI) is a world's leading retailer of rentable home videocassettes, DVDs and video games.

Read Gregory Spear's complete commentary, and take a look at all of his Consensus Buy List stocks, by clicking: http://at.zacks.com/?id=85

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