The Gee$e.

[di4]

4/2/2007 ***********************************************
ZACKS.COM PROFIT from the PROS
** Tactics that Work in Good and Bad Markets **
***********************************************

Dear subscriber,

The markets might be affected by two religious holidays this
week: Passover and Good Friday.

Passover starts tonight and many traders could leave early to
prepare for the holiday. (Jewish holidays start at sundown.)
This could result in lighter-than-usual trading volumes this
afternoon.

March employment data (changes in nonfarm
payrolls and the unemployment rate) is scheduled for release
on Friday morning. However, the markets will be in observance
of Good Friday. As a result, selling pressure could
be elevated on Thursday if traders are reluctant to hold
positions over a three-day weekend with an important economic
report coming out.

Wishing you prosperity,

Charles Rotblut, CFA
Zacks.com Senior Market Analyst and
Profit From The Pros Editor

***********************************************

Today's Topics: Monday - April 2, 2007

1) ZACKS RANK BUY STOCKS - Today we highlight four new stocks
with a short-term "Buy" or "Strong Buy" recommendation: Lazard
(LAZ), BorgWarner (BWA), Millicom International Cellular
(MICC) and BASF Aktiengesellschaft (BF). Get these stories
below.

2) PROFIT TRACKS - PEG RATIO - If you like to use a company's
PE ratio to determine its value, you'll love using the PEG
ratio.

3) ZACKS EQUITY RESEARCH - Two holidays will have an impact on
trading activity this week. Read the Earnings Preview and get
our Bull and Bear Stocks of the Day.

4) RESEARCH DIGEST - Stocks recently upgraded by brokerage
analysts include Tiffany & Company (TIF), Morgan Stanley (MS),
Citigroup (C) and Emerson Electric (EMR).

5) FEATURED EXPERTS - Paul Tracy discusses the tremendous
income potential offered by general partner stocks. Learn more
about this group.


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==============================================

1) ZACKS RANK BUY STOCKS

==============================================

Zacks #1 Rank stocks average a 31.8% annual return. Every day
on Zacks.com we highlight four new Zacks Rank Buy stocks. Each
individual stock is chosen based on how well they match the
criteria for the four main schools of investing: Aggressive
Growth, Momentum, Growth & Income and Value.

Aggressive Growth - Lazard, Ltd. (LAZ)

Lazard, Ltd. (LAZ) has exceeded earnings estimates in five out
of the past six quarters. Earnings estimates for this year
have jumped 17 cents to $2.80 per share over the past 60 days.
Next year's numbers have risen an impressive 58 cents to $3.18
per share. With the Mergers & Acquisition picture still
looking bright, LAZ's earnings should continue to grow nicely.
Read the full analysis on LAZ at http://at.zacks.com/?id=2510


Growth & Income - BorgWarner, Inc. (BWA)

BorgWarner, Inc. (BWA) exceeded analysts' earnings
expectations in nine out of the past 11 quarters. In early-
February, the company upped its full-year 2007 earnings per
share guidance by 10 cents to between $4.70 and $4.90.
Analysts responded to the company's bullish guidance by
adjusting their profit forecasts upward. On Nov 16, the Board
of Directors authorized a 6% increase in its quarterly cash
dividend to 17 cents per share. Read the full analysis on BWA
at http://at.zacks.com/?id=2511


Momentum - Millicom International Cellular S.A. (MICC)

Millicom International Cellular S.A. (MICC) has reestablished
its upward trend and appears ready to test 52-week highs.
Closes above the 52-week high should be looked to as possible
confirmation of further momentum, while any move below the 50-
day moving average signaling a trend reversal. Read the full
analysis on MICC at http://at.zacks.com/?id=2512


Value - BASF Aktiengesellschaft (BF)

BASF Aktiengesellschaft (BF) recently reported solid results
for the fourth quarter and full year of 2006. The Zacks #1
Rank company has returned value to shareholders through
dividend payments and announced a share repurchase program
that will take place in 2007 and 2008. Consensus estimates for
this year are up huge over the past 60 days. The company has a
price-to-book ratio of 2.7, compared to 4.3 for the market.
Read the full analysis on BF at http://at.zacks.com/?id=2513


Zacks Rank Resources

* Zacks Rank Homepage at http://at.zacks.com/?id=3095

* Zacks Elite: Discover Ben Zacks' hand picked #1 Rank stocks
on his Timely Buys list at http://at.zacks.com/?id=2538

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==============================================

2) PROFIT TRACKS

==============================================

Zacks.com is proud to share with you some of the best trading
strategies that truly allow you to Profit from the Pros. Today
we highlight...

Profit Tracks: PEG Ratio

This strategy uses the PEG Ratio to find attractively priced
stocks poised for price appreciation. The PEG Ratio is simply
the P/E (Price divided by Earnings) of a stock divided by its
5-year projected growth rate. Too often investors think of
value investing being the antithesis of growth investing. The
beauty of using PEG is that you can find value stocks even
amongst hot growth stocks. Let's take a closer look.

A company with a P/E Ratio of 20 and a Growth Rate of 10% will
have a PEG Ratio of 2.0 (20 / 10 = 2.0).

While a company with a P/E Ratio of 40 and a Growth Rate of
50% will have a PEG Ratio of only 0.8 ( 40 / 50 = 0.8)

The stock with the P/E of 40 is actually the better bargain
since its PEG Ratio is lower (0.8) implying it's undervalued
with more upside potential. In general, a PEG value of less
than 1 is considered undervalued while greater than 1 is
thought to be fully valued to overvalued. The lower the PEG,
the better the value, because the investor would be paying
less for each unit of earnings growth.

Here are four stocks that make the grade for the PEG Ratio
Profit Track:

GigaMedia Ltd. (GIGM) offers a PEG ratio of 0.54. The company
recently announced fourth-quarter earnings of 17 cents per
share, surpassing the consensus estimate by 42%. GIGM noted
that its net profit grew over four times in 2006, and its
record fourth-quarter operating results and recent strategic
developments point to an even stronger 2007. Continue your
research on GIGM at http://at.zacks.com/?id=2254

The Manitowoc Company, Inc. (MTW), a Zacks #1 Rank (Strong
Buy) company, sports a PEG ratio of 0.50. The company recently
increased its full-year 2007 earnings outlook to a range of
$4.20 to $4.30 per share from its previous guidance of $3.85
to $4.00. Wall Street followed suit by increasing one month-
ago forecasts of $4.03 per share to the current level of $4.30.
In late January, MTW posted fourth-quarter earnings of 69
cents per share, before special items, which eclipsed the
consensus estimate by a penny. Continue your research on MTW
at http://at.zacks.com/?id=2255

National Oilwell Varco, Incorporated (NOV), another Zacks #1
Rank (Strong Buy) company, will release results for the first
quarter in late April. In early February, NOV reported fourth-
quarter earnings of $1.35 per share, beating the consensus
estimate by 29% and outperforming the year-prior period. The
company mentioned that each of its three segments reported
higher year-over-year sales and profits for the year. NOV's
PEG ratio currently stands at 0.52. Continue your research on
NOV at http://at.zacks.com/?id=2256

Spirit AeroSystems Holdings Inc (SPR) released financial
results for the fourth quarter and full-year 2006 in early
February. SPR stated that during 2006, it expanded its
customer base in the 100 seat plus market through the
acquisition of Spirit Europe, won yet to be announced programs
with new customers and successfully managed production rate
increases on existing programs. Not only does this value stock
satisfy the criteria of this Profit Track, but with a PEG
ratio of 0.21, it currently offers the lowest PEG ratio under
the PEG Profit Track. Continue your research on SPR at
http://at.zacks.com/?id=2257

To see the track details for this winning screen, go to
http://at.zacks.com/?id=2258

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=2307

****************************************************************


SCREEN OF THE WEEK

Don't Trade the Headlines

Kevin Matras explains why using a backtested trading strategy
is the only way to go:
http://at.zacks.com/?id=2259


====================================================

3) ZACKS EQUITY RESEARCH

====================================================

Two religious holidays will have an impact on trading activity
this week. Passover starts on Monday at sundown. Trading
volume could lighten in the afternoon as some traders will
likely leave early to help prepare for first night seders. Apr
6 is Good Friday and the U.S. markets will be closed in
observance. Profit taking could occur late on Thursday if
traders are nervous about holding positions over a three day
weekend.

Only 27 companies are scheduled to report this week. Five are
in the S&P 500: Best Buy (BBY), Circuit City (CC), Monsanto
(MON), Micron Technology (MU) and Constellation Brands (STZ).
Although first-quarter earnings season will "officially" start
on Apr 10, the bulk of profit reports will not start being
released until after tax day.

More...

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Best of Zacks Equity Research continued...

There have been 72 first-quarter reports from companies within
the Zacks Rank universe1 released so far. Positive surprises
are outnumbering negative surprises by a margin of 1.9:1.
Average growth is 7.7%, but this number is dragged down by
Hartmax (HMX) and Saba Software (SABA). Both companies swung
to a loss after a reporting a profit a year earlier. Excluding
these companies changes the average growth rate to 13.4%.
Among companies within the S&P 1500 that have reported, the
average growth rate is 10.1%.

On the economic front, the ISM will release its March
manufacturing index on Monday. March vehicle sales data will
be published on Tuesday. Wednesday brings February factory
orders and the March ISM services index. The weekly initial
jobless claims report will be published on Thursday. March
employment data is scheduled for release on Friday, even
though the markets will be closed. (This could affect trading
on Thursday afternoon.) February wholesale trade and consumer
credit numbers are also on tap.

Companies That Could Issue Negative Earnings Surprises During
the Week of Apr 2 - 6

Earlier this week, Circuit City (CC) projected that fiscal
2007 domestic same-stores sales growth likely came in at 6%
versus previous guidance for 7% to 8% growth. One-third of the
21 covering analysts promptly cut their forecasts for fourth-
quarter earnings in response, causing the consensus estimate
to fall two cents to 64 cents per share. The Most Recent
Consensus is more bearish at 62 cents per share. The
electronics retailer missed third-quarter expectations by a
margin of 14 cents per share. Circuit City is scheduled to
report on Wednesday, Apr 4, before the start of trading.

Concerns about DRAM pricing have caused brokerage analysts to
cut their quarterly projections ahead of Micron Technology's
(MU) fiscal second-quarter report. During the past 30 days,
six analysts have revised their projections. The combined cuts
have resulted in a consensus estimate that calls for profits
of just two cents per share, five cents below the forecast of
just 30 days ago. The Most Recent Consensus is even more
bearish and calls for a loss of six cents per share. MU has
missed expectations once in the past two quarters. Micron
Technology is scheduled to report on Wednesday, Apr 4.

To read the complete Earnings Preview, click
http://at.zacks.com/?id=3234

Charles Rotblut, CFA is the Senior Market Analyst for
Zacks.com.

****************************************************************

MORE FROM ZACKS EQUITY RESEARCH...

Analyst Blog

Real-time market insights from Zacks Equity Research Analysts.
Stocks featured recently include Wilmington Trust (WL),
Burlington Northern Santa Fe (BNI), Dr. Reddy's Labs (RDY) and
Wet Seal (WTSLA). See their latest posts at
http://at.zacks.com/?id=2589


BULL OF THE DAY

Dendreon Corp. (DNDN) - Up Big on FDA News.
Full Zacks research report at http://at.zacks.com/?id=2250


BEAR OF THE DAY

TriQuint Semi (TQNT) - Softening Market.
Full Zacks research report at http://at.zacks.com/?id=2251


ZACKS ANALYST INTERVIEW

Casual Dining Restaurants May Improve

The casual dining group was hurt last year from rising gas
prices:
http://at.zacks.com/?id=2723


EARNINGS TRENDS

Revisions Ratio for 2007 Drops to 0.80

Over the last four weeks, more estimates have been cut than
raised in every sector but Health Care:
http://at.zacks.com/?id=2252


Rating Upgrades - New! (Premium)

Find out which stocks have been recently upgraded by
Zacks Equity Research:
http://at.zacks.com/?id=2959


Zacks Equity Research Buys - New! (Premium)

Read the reports on all of the stocks on the
Zacks Equity Research Buy List:
http://at.zacks.com/?id=2960

****************************************************************

Learn More about Zacks Equity Research at
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Full access to Zacks Equity Research is now available on
Zacks.com: http://at.zacks.com/?id=2961

Zacks Wealth Management: Own all the Zacks #1 Rank stocks in a
portfolio managed by Zacks. Learn more at
http://at.zacks.com/?id=2699


==============================================

4) Research Digest

==============================================

What is Wall Street saying about your stocks? You'll find the
answer in our exclusive Research Digest reports. Here is a
synopsis of stocks with recent broker upgrades:

Tiffany & Company's (TIF) Average Broker Recommendation is up
to 2.00. The company's brand strength remains the key to its
long-term growth, according to most of the analysts polled at
Zacks Research Digest. In addition, the company continues to
add variety to product offerings at all price points, with
fresh additions to the lineup procured indigenously as well as
from its other designers. The recent weakness in consumer
spending in Japan has created an additional challenge for the
company. But, analysts believe Tiffany's initiatives, such as
new merchandise, increased marketing, new management and
updated or relocated stores should pay off in the long run.
Read the Research Digest report on TIF (Premium) at
http://at.zacks.com/?id=3401

Morgan Stanley (MS) put together a strong fiscal first
quarter, which helped the global financial services firm's
Average Broker Recommendation rise to 2.10 of late. Over the
next two years, analysts polled at Zacks Research Digest
expect the company to generate stronger revenue growth,
elevate margins and narrow the ROE gap with peers. Such
progress is attributable to Morgan Stanley's recent
investments, cost savings and efficient use of capital. Other
growth opportunities include emerging markets, as well as the
strong performance in its institutional securities segment and
the spin-off of Discover. Read the Research Digest report on
MS (Premium) at http://at.zacks.com/?id=3402

Citigroup (C) is seen by analysts polled at Zacks Research
Digest as a well-diversified financial services organization,
which has strategically disposed off its slower growth and
lower return businesses in the past quarters to boost longer-
term growth rates and returns. In addition, it's exposure to
the world's largest emerging markets such as China, Korea,
India, Russia and Mexico, are driving strong growth on the
consumer side as well. Finally, C generates significant excess
capital and is likely to continue buying back its shares and
raising its dividend. Citigroup's Average Broker
Recommendation has risen to 1.81. Read the Research Digest
report on C (Premium) at http://at.zacks.com/?id=3403

Emerson Electric Company (EMR) has watched its Average Broker
Recommendation rise to 1.73 of late. Analysts appreciate
several aspects of this company, including its large installed
base and leading market positions across numerous product
lines. Also, according to Zacks Research Digest, Emerson
Electric offers a broad end-market exposure and regional
diversity, which allows it to be solidly profitable and able
to invest in times of weakness. The company has a history of
earnings growth and of reporting quality earnings, and is
initiating structural improvements by relocating to low-cost
regions. Read the Research Digest report on EMR (Premium) at
http://at.zacks.com/?id=3404

See all Research Digest Reports (Premium)
http://at.zacks.com/?id=2965


Broker Research Resources

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These are the best stock picks from the best stock pickers on
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http://at.zacks.com/?id=2966

Broker Rating Upgrades
Find out which stocks brokers have recently upgraded.
http://at.zacks.com/?id=2967


==============================================

5) FEATURED EXPERTS

==============================================

Here we cast the spotlight on timely Featured Expert
commentaries that recently appeared on Zacks.com.

General Partner Stocks
Paul Tracy discusses the tremendous income potential offered
by general partner stocks. Learn more about this group:
http://at.zacks.com/?id=2413


Resistance Manifests
Dr. Melvin Pasternak, in his latest StreetAuthority Swing
Trader newsletter, expects a very broad trading range in the
S&P over the next several months:
http://at.zacks.com/?id=1487


State of Confusion
Ron Rowland believes the best course now is to maintain broad-
market exposure instead of sector concentration. Read this
mutual fund expert's latest:
http://at.zacks.com/?id=2970


****************************************************************

OTHER TOOLS FROM ZACKS

At the heart of Zacks Investment Research is the Zacks Rank
investment philosophy that continues to vastly outperform the
market. Our Zacks #1 Rank (Strong Buy) List has generated the
following results for investors:

* +31.8% average annual return since 1988 versus +11.8% for
S&P 500

* Outperformed S&P 500 in 17 of the last 18 years

* +43.8% total return from 2000 to 2002 - the worst
bear market in over 60 years.

* +18% in 2005

And just as importantly, the Zacks #5 Rank stocks (Strong
Sell) list has alerted investors as to which stocks to dump
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To truly take advantage of the Zacks Rank, you need to first
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Or view the full list of Zacks #1 Rank (Premium) stocks at
http://at.zacks.com/?id=2266


FREE PORTFOLIO TRACKER

Do you believe that these events affect stock prices?

* Broker Recommendation changes
* Earning Estimate revisions
* Earnings Announcements
* Zacks Rank changes

If you answered yes, then how are you staying on top of these
changes for your stocks? If you are one of the 45,000
investors who wake up every morning to the Daily Portfolio
Updates emails from Zacks.com, then you are all set. If not,
then sign up now to get this vital information sent to you
daily and improve your portfolio's performance. Did we mention
it's free? Get started now by going to
http://at.zacks.com/?id=2310


---------------------------------------------------------

We hope you enjoyed this issue of "Zacks.com Profit from the
Pros" and we look forward to visiting with you again tomorrow.

REFER-A-FRIEND

If you enjoy this e-mail newsletter, then please pass it along
to a friend. Simply forward them the link below to sign up for
their own free subscription. If you're reading a forwarded
copy, sign up for your own, so you get this wealth of
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http://at.zacks.com/?id=2311

Regards and Happy Investing,

Charles Rotblut, CFA

Senior Market Analyst
Zacks.com

p.s. What is the mission for Zacks Profit from the Pros?
To find out how we will help you become a more
successful investor, visit http://at.zacks.com/?id=2312

The Zacks Performance 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 and monthly rebalancing.
Simulated results do not represent actual trading and may not
reflect the impact that economic and market factors might have
had on decision-making if an adviser were actually managing a
client's money.

*The S&P 500 Index is a well-known, unmanaged index of the
prices of 500 large-company common stocks, mainly blue-chip
stocks, selected by Standard & Poor's. The S&P 500 Index
assumes reinvestment of dividends but does not reflect
advisory fees. An investor cannot invest directly in an index.

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.

To contact us by mail:

Zacks Investment Research
Attn: Profit from the Pros
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