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Top Performing Stocks for the Week Ended Aug 29 – Zacks #1 Rank Top Performers
James Giaquinto (September 2nd, 2008) Writes:
The five best performing stocks on the Zacks #1 Rank List last week were: CNOOC Limited (CEO), UTi Worldwide Inc. (UTIW), True Religion Apparel, Inc. (TRLG), Comfort Systems USA, Inc. (FIX) and Innophos Holdings, Inc. (IPHS).
CNOOC Limited (CEO) made the Zacks #1 Rank Top Performers List for the week ended Aug 29 as shares advanced 10.2%. Earnings estimates for this year are moving in the right direction, gaining approximately 22.6% in 2 months and 7.5% in the 7 days. Furthermore, analysts currently expect a more than 23% improvement in earnings next year, compared to this year.
The Chinese oil company enjoyed a strong first half of 2008 as it capitalized on high oil prices. Net profit for the period grew by more than 89% over the same period a year earlier. Oil and gas sales advanced 63.9%. In addition, its
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