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Zacks #1 Rank Top Performers: Switch & Data Facilities, LaBranche & Co, Flowserve, Big Lots, and Central European Distribution.
Publication:
Business Wire
Publication Date: 06-MAY-08 |
Format: Online Delivery: Immediate Online Access |
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Article Excerpt CHICAGO -- Zacks.com announces the latest list of top performing Zacks #1 Rank ("strong buy") stocks. The stocks on the prestigious list with the highest returns last week were Switch & Data Facilities Company, Inc. (NASDAQ: SDXC), LaBranche & Co. Inc. (NYSE: LAB), Flowserve Corporation (NYSE: FLS) Big Lots, Inc. (NYSE: BIG) and Central European Distribution Corporation (NASDAQ: CEDC). Each of these stocks easily outperformed the S&P 500.
Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32% 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 learn more about the Zacks Rank, go to http://at.zacks.com/?id=3172.
Here is a synopsis of the last week's best performing Zacks #1 Rank stocks.
Switch & Data Facilities Company, Inc. (NASDAQ: SDXC) announced strong first quarter results last week as growth in IP traffic continues. Total revenues reached $39.8 million, or 27% higher than the previous year's $31.4 million. Earnings per share advanced sharply year over year and was in line with the consensus. Switch & Data Facilities made the Top Performers List for the week ended May 2 as shares gained 15.1%....
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