Zacks Buy List Highlights: Eastman Chemical, KOS Pharmaceuticals, Inc., Duke Energy Corporation and RSA Security
WEDNESDAY, DECEMBER 15, 2004 09:00 AM
CHICAGO, Dec 15, 2004 (BUSINESS WIRE) --Zacks.com releases another list of stocks that are currently members of the coveted Zacks #1 Ranked list. The #1 ranked stocks highlighted today include the following companies: Eastman Chemical Co. (NYSE:EMN) and KOS Pharmaceuticals, Inc. (NASDAQ:KOSP). Further they announced #2 Rankings (Buy) on two other widely held stocks: Duke Energy Corporation (NYSE:DUK) and RSA Security, Inc. (NASDAQ:RSAS). To see the full Zacks #1 Ranked list or the rank for any other stock then visit. http://at.zacks.com/?id=88.
Stocks ranked #1 (Strong Buys) by Zacks have produced an average annual return of +32.9% since inception in 1988. During the recent Bear market from 2000 through 2002, the Zacks #1 Ranked stocks gained +43.8% while the S&P 500 tumbled -37.6%.
Here is a synopsis of why these stocks have a Zacks Rank of 1 (Strong Buy). Note that a #1 Strong Buy rating is applied to 5% of all the stocks Zacks ranks:
KOS Pharmaceuticals, Inc. (NASDAQ:KOSP) announced third quarter net income of 94 cents per fully diluted share, outperforming the consensus by about +54%. Revenue increased +79% for the third quarter relative to the third quarter of 2003. Third quarter saw robust revenue growth mainly as a result of the company's highly differentiated cholesterol products, Niaspan(R) and Advicor(R). Over the last 60 trading days, earnings estimates have risen 84 cents, or about +38%, for the year ending December 2004.
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks #1 Ranked stocks highlighting those stocks poised to outperform the market. http://at.zacks.com/?id=90
The Zacks Rank, and all of its recommendations, is created by Zacks & Co., member NASD. Zacks.com displays the Zacks Rank with permission from Zacks & Co. on its web site for individual investors.
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