Zacks Buy List Highlights: Millennium Pharmaceuticals, Corn Products International, Baidu.com and Insight Enterprises

Business Wire, Oct 2, 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 Millennium Pharmaceuticals (Nasdaq: MLNM), Corn Products International, Inc. (NYSE: CPO), Baidu.com (Nasdaq: BIDU) and Insight Enterprises, Inc. (Nasdaq: NSIT).

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32.2% 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 - Millennium Pharmaceuticals (Nasdaq: MLNM)

Millennium Pharmaceuticals hasn't seen its share price move for several years, but that could be about to change. The company's drug for multiple myeloma, Velcade, shows excellent promise and could be a boon for the bottom line. Over the past 90 days, next year's earnings estimates have increased 33%. Analysts expect the company to break even this year and generate a profit of nine cents per share next year.

Growth & Income - Corn Products International, Inc. (NYSE: CPO)

Corn Products International, Inc. exceeded analysts' earnings expectations in four out of the past five quarters by an average margin of 28.4%. In late July, the company reported impressive second-quarter and first-half results. Earnings per share are projected to grow 11% over the next 3-5 years. On Sep 19, the Board of Directors announced a 22% boost in its regular quarterly cash dividend to 11 cents per share. CPO is currently yielding 0.78%.

Momentum - Baidu.com (Nasdaq: BIDU)

Baidu.com has parlayed its explosive growth into massive stock price gains. China's booming economy certainly doesn't hurt this company's prospects. The chart is looking good, although some sideways action could clearly help the overbought status. Other than that, things are looking great for the company. Four out of the past five quarters have resulted in huge earnings surprises.

Value - Insight Enterprises, Inc. (Nasdaq: NSIT)

Insight Enterprises, Inc. exceeded analysts' earnings expectations in three out of the past four quarters. In early August the company reported strong second-quarter results. Consensus earnings estimates for both this year and next year are up over the past two months. Earnings per share are projected to grow 15% over the next 3-5 years. This Zacks #1 Rank stock has a price-to-book ratio of 1.7, compared to 1.8 for the industry.

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 +32.2%. 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 129% annually (+5.3% vs. +12.1%). 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 June 2007 are based on a subset of all Zacks Rank stocks that excludes stocks covered by only one analyst and ADR's.

Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=90.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros http://at.zacks.com/?id=91