Zacks Buy List Highlights: AU Optronics Corp., Watson Wyatt Worldwide, JA Solar Holdings Co., Ltd. and Tyco Electronics Limited

Business Wire,  May 16, 2008  

Tags: Watson Wyatt Worldwide

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CHICAGO -- Zacks.com releases the latest list of Zacks Rank Buy Stocks. Every day on Zacks.com, four stock picks are made based on criteria for the each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are AU Optronics Corp. (NYSE:AUO), Watson Wyatt Worldwide, Inc. (NYSE:WW), JA Solar Holdings Co., Ltd. (Nasdaq:JASO) and Tyco Electronics Limited (NYSE:TEL).

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 - AU Optronics Corp. (NYSE: AUO)

AU Optronics' valuation is bordering on the absurd. A company growing strongly in a great market shouldn't be trading at less than 6x earnings. Estimates have increased 19 cents over the past month. Two of the five covering analysts have raised their numbers.

Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309

Growth & Income - Watson Wyatt Worldwide, Inc. (NYSE: WW)

Watson Wyatt Worldwide is a Zacks #1 (Strong Buy) company as was the case when it was featured last month. Shares of Watson Wyatt hit a 52-week high when it reported fiscal third-quarter results last week and currently trade just slightly below that level. Third-quarter earnings of 96 cents per share topped the year-prior 76 cents and exceeded the consensus estimate by almost 16%. Watson Wyatt's ROE of 17% is ahead of industry's average of 12%. With very few of the company's peers paying dividends, WW's yield of 0.5% stands above the industry average.

Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310

Momentum - JA Solar Holdings Co., Ltd. (Nasdaq: JASO)

JA Solar Holdings Co., Ltd. is operating in a very high-growth sector of the market, alternative energy. With the incredible amount of enthusiasm and speculation surrounding these companies, investors should expect anticipate abnormal amounts of volatility. JA's share price has rallied 100% in just the last two months, bottoming out on Mar 10 just above $12 and advancing to its current level right around $25. Based upon projected earnings, this is an expensive stock, but there is no question that it has plenty of momentum currently working in its favor.

Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311

Value - Tyco Electronics Limited (NYSE: TEL)

Tyco Electronics is best remembered by most investors for its former CEO Dennis Kozlowski, who was found guilty of grand larceny in 2005. But the company is now putting those days long behind it. Tyco has surprised on estimates three out of the last four quarters on average of 6.43%. Earnings per share rose 12% in the second quarter year over year. Tyco's forward P/E is 13.37.

Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4312

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.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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