Zacks Buy List Highlights: Foster Wheeler, Ltd., Cohen & Steers, Inc., Texas Instruments Incorporated and Barnes Group, Inc

Business Wire, May 16, 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 Foster Wheeler, Ltd. (Nasdaq: FWLT), Cohen & Steers, Inc. (NYSE: CNS), Texas Instruments Incorporated (NYSE: TXN), and Barnes Group, Inc. (NYSE: B).

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of 31.8% 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 - Foster Wheeler, Ltd. (Nasdaq: FWLT)

Foster Wheeler, Ltd. knocked the cover off the ball in its latest quarter, exceeding the consensus estimates by 85 cents, or 113%. Needless to say, the stock has been on fire, approaching its 52-week highs in recent trading. Earnings estimates have exploded higher in the wake of the company's blowout quarter. Over the past week, this year's estimates have rocketed $1.24 to $4.59 per share. This kind of earnings momentum takes some time to play out.

Growth & Income - Cohen & Steers, Inc. (NYSE: CNS)

Cohen & Steers, Inc., last presented as a Growth and Income pick on Jan 30, is up over 11%. The company exceeded analysts' earnings expectations for the past four quarters by an average margin of 16.3%. Consensus earnings estimates have risen over the past 30 days for this Zacks #1 Rank stock. On Mar 13, the Board of Directors boosted the company's quarterly cash dividend by 54% to 20 cent per share. CNS's return on equity quadruples that of the industry average.

Momentum - Texas Instruments Incorporated (NYSE: TXN)

Texas Instruments Incorporated reported first-quarter earnings of 35 cents per share, up from 33 cents in the year-ago period and four cents above expectations. On May 9, the company raised its second-quarter guidance. After raising its outlook, TXN broke through key resistance that had largely held for over five years. The stock is now trading at 52-week highs on stronger-than-average volume.

Value - Barnes Group, Inc. (NYSE: B)

Barnes Group, Inc. topped analysts' earnings expectations for three straight quarters by an average margin of 18.4%. After reporting solid first-quarter results, the company boosted its full-year profit guidance to between $1.74 and $1.83 per share. Analysts responded to B's bullish guidance by upping their earnings estimates. This Zacks #1 Rank stock has a price-to-book ratio of 2.8, compared to 4.5 for the market and 2.9 for the industry average. Its PEG ratio currently resides at 0.86.

Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report, "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions," provides an insightful background about this wealth-building tool. Download your free copy of the report now to prosper in the years to come by visiting http://at.zacks.com/?id=93.

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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