Zacks.com Announces That Gregory Spear Highlights the Following Stocks: Yellow Roadway, Reliance Steel, Cummins Inc., AK Steel Holding, and Oregon Steel

Business Wire, August 9, 2005

CHICAGO -- Gregory Spear explains that investors would be wise not to make decisions based upon the performance of a "market" index. Read about Yellow Roadway (NASDAQ:YELL), Reliance Steel (NYSE:RS), Cummins Inc. (NYSE:CMI), AK Steel Holding (NYSE:AKS), and Oregon Steel (NYSE:OS). Gregory Spear is the editor of The Spear Report newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the August 8th Featured Expert column by Gregory Spear include:

Yellow Roadway (NASDAQ:YELL) is an aggressive transportation company that has catalyzed growth both organically and through acquisitions. The company operates through four segments: Yellow Transportation, Roadway Express, Roadway Next Day and Meridian IQ. Yellow Transportation and Roadway Express are responsible for the fleets of branded 18-wheelers that we see on the major highways. They facilitate the regional, national and international movement of industrial, commercial and retail goods. Roadway Next Day is their regional service-intensive ground operation. This service now competes with UPS, which recently acquired a Yellow competitor, Overnite Corp. Meridian IQ is their freight forwarding, expediting, tracking and customs service, which operates nationally and internationally. Yellow is focused on expanding its international footprint, and they recently announced a 50% joint venture with the second largest freight forwarder in China. For the second quarter ending June 30, Yellow Roadway posted the highest quarterly revenue and operating income in its history. Profits rolled in at $76 million, or $1.38 a share, a 44% year over year increase. Revenue rose above $2 billion from $1.6 billion last year, but the figures are not totally comparable due to acquisitions. For the third quarter, the company expects to earn $1.60 to $1.65 a share.

Other stocks from the Consensus Buy List include:

Reliance Steel (NYSE:RS) is one of the largest metals service center companies in the United States. Through a network of metals service centers, the company provides value-added materials management and metals processing services and distributes a full line of metal products, including carbon, alloy, stainless and specialty steel, aluminum, brass and copper products to customers in a broad range of industries.

Cummins Inc. (NYSE:CMI) is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems.

AK Steel Holding (NYSE:AKS) is a fully-integrated producer of flat-rolled carbon, stainless and electrical steels. In addition to its flat-rolled steel manufacturing and finishing operations, the company owns and operates Sawhill Tubular, a manufacturer of a wide range of steel pipe and tubing products; Douglas Dynamics, L.L.C., a North American manufacturer of snowplows and ice control products for four-wheel drive light trucks; and the Greens Port Industrial Park.

Oregon Steel (NYSE:OS) operates steel minimills and finishing facilities in the western United States and Canada. The company manufactures and markets one of the broadest lines of specialty and commodity steel products of any domestic minimill company.

Read Gregory Spear's commentary regarding market indices and discover more stocks by clicking: http://at.zacks.com/?id=85

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