Zacks Buy List Highlights: New Oriental Education & Technology Group, Inc., Waste Management, Inc., Jones Lang LaSalle Incorporated and Reliance Steel & Aluminum Co

Business Wire, June 15, 2007

CHICAGO -- Zacks.com releases the latest list of Zacks Rank Buy Stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are New Oriental Education & Technology Group, Inc. (NYSE: EDU), Waste Management, Inc. (NYSE: WMI), Jones Lang LaSalle Incorporated (NYSE: JLL), and Reliance Steel & Aluminum Co. (NYSE: RS).

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of 31.9% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled -37.6%. To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88

Here is a synopsis of today's Zacks Rank Buy Stocks:

Aggressive Growth - New Oriental Education & Technology Group, Inc. (NYSE: EDU)

New Oriental Education & Technology Group, Inc. is involved in a hyper-growth market that will provide demand for its services for the foreseeable future. The company is newly public, but has exceeded earnings estimates by an average of 150% over the past two quarters. Earnings estimates have been moving higher for this year as well. Over the past 60 days, this year's estimates have increased five cents to 80 cents per shares.

Growth & Income - Waste Management, Inc. (NYSE: WMI)

Waste Management, Inc. beat the consensus earnings estimate in seven straight quarters by an average margin of 10.7%. Based on its first-quarter results, WMI raised its full-year 2007 earnings per share guidance to between $2.03 and $2.07. During the first quarter the company returned $613 million to shareholders in the form of dividends and share repurchases. WMI has a current dividend yield of 2.5% and a five-year average dividend yield of 1.6%.

Momentum - Jones Lang LaSalle Incorporated (NYSE: JLL)

Jones Lang LaSalle Incorporated is hitting on all cylinders and the chart reflects this. The company blew away earnings forecasts in its latest quarter and analysts have responded by significantly raising their numbers. The 50-day moving average is acting as solid support for the stock and should pave the way for further gains.

Value - Reliance Steel & Aluminum Co. (NYSE: RS)

Reliance Steel & Aluminum Co., a Zacks #1 Rank stock, exceeded analysts' earnings expectations in 13 consecutive quarters and in 15 out of the last 16. During the first quarter RS completed three metals service center acquisitions. On Feb 14, the Board of Directors declared a 33% boost in the company's regular quarterly cash dividend. RS has a price-to-book ratio of 2.3, compared to 4.5 for the market. Its PEG ratio currently sits at 0.51.

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About the Zacks Rank

Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of 31.9%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 132% annually ( 5.1% vs. 11.9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Zacks Rank performance is the total return (price changes dividends) of equal weighted portfolios, consisting of those stocks with the indicated Zacks Rank, assuming zero transaction costs. These returns are not the result of a backtest; these are actual returns since 1988. The stocks in the Zacks Rank portfolios were available to Zacks clients before the beginning of each month (monthly rebalancing). Performance results from 1988 through September 2006 are based on a subset of all Zacks Rank stocks that excludes stocks covered by only one analyst and ADR's.

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