Business Services Industry

Zacks Recent Price Strength Strategy Highlights: AAR, FirstService, Huron, and Radyne

Business Wire, July 21, 2005

CHICAGO -- This stock picking strategy looks for companies trading in the upper range of their 52-week highs along with other attractive fundamental attributes. This strategy proves that the "trend is your friend" with an average annual return of 48.1% over the last four years compared to only 1.1% for the S&P 500. This screen is called the Recent Price Strength Profit Track strategy. Four stocks meeting this screen's exclusive criteria as of July 20, 2005 are AAR Corp. (NYSE:AIR), FirstService Corp. (NASDAQ:FSRV), Huron Consulting Group (NASDAQ:HURN), and Radyne Corp. (NASDAQ:RADN). View the entire list of stocks for the Recent Price Strength Profit Track at http://at.zacks.com/?id=1863

Here are four companies that meet the following Recent Price Strength Profit Track:

AAR Corp. (NYSE:AIR), an aerospace services company, recently reported fourth-quarter earnings of 17 per share. The result topped the year ago result of 8 cents per share. The company credited its results to its newly introduced engineered products. During the past four weeks, AIR's share price has increased approximately 1% and is trading right at its 52-week high.

FirstService Corp. (NASDAQ:FSRV) a business services company, has gone up in price by over 5% over the past four weeks and is trading at a 52-week high. In May, the company announced fiscal fourth-quarter earnings of 7 cents per share, beating the consensus estimate by 4 cents, or 133%. The company noted that international expansion contributed to its bottom line.

Huron Consulting Group (NASDAQ:HURN), a financial consulting services company, recently reported a strong earnings report. Fiscal first-quarter earnings were 29 cents per share, ahead of the consensus estimate by 61%. Given this positive momentum in earnings, it is not surprising that shares of HURN are trading at a new 52-week high and have advanced in price by about 8% over the past four weeks.

Radyne Corp. (NASDAQ:RADN), a satellite modem company, posted first-quarter earnings of 8 cents per share, versus last year's 18 cents. Management cited new products and high margins for their success. The company sports a long-term growth rate of 25%, and a share price increase of almost 6% in the past four weeks. The stock is trading near its 52-week high.

Discover all the current stocks currently on the Recent Price Strength Profit Track at: http://at.zacks.com/?id=1864

About Profit Tracks

What is a "Profit Track"? Each one is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these six unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2004 the Upgrades and Revisions strategy was the top performing Profit Track with a return of 55.7%. The PEG Ratio screen produced 38.9% return in 2004. To see all six strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838

All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=1993.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register for a free subscription to the Profit from the Pros newsletter at http://at.zacks.com/?id=1841

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.

(a) The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard and Poor's. The S&P 500 includes the reinvestment of all dividends, no transaction costs, and represents the gross returns before management fees.

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.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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