Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

3PAR Inc (PAR) American Medical Systems Holdings Inc (AMMD) Ameristar Casinos Inc (ASCA) Ashland Inc (ASH) Bank Mutual Corp (BKMU) BigBand Networks Inc (BBND) Capitol Federal Financial (CFFN) Central Garden & Pet Co (CENT) CGI Group Inc (GIB) Conexant Systems Inc (CNXT) CPEX Pharmaceuticals Inc (CPEX) CVR Energy Inc (CVI) Del Monte Foods Co (DLM) Diamond Foods Inc (DMND) Dorman Products Inc (DORM) Einstein Noah Restaurant Group Inc (BAGL) First Mariner Bancorp (FMAR) Flanders Corp (FLDR) Inspire Pharmaceuticals Inc (ISPH) Internet Brands Inc (INET) Intersil Corp (ISIL) Kirkland's Inc (KIRK) Kubota Corp (KUB) LIN TV Corp (TVL) MarketAxess Holdings Inc (MKTX) MarkWest Energy Partners LP (MWE) Medifast Inc (...

Highlighted stocks include Medifast, Inc. (...

Ferro Corporation (FOE), the specialty chemical manufacturer, recently announced it was selling its fine chemicals business to Novolyte Technologies LP for $66 million in cash. The company said the proceeds will be used to pay down debt.

The business manufactures electrolytes used to make lithium batteries as well as specialty solvents. Novolyte will absorb the manufacturing employees.

Ferro, a Zacks #1 Rank (Strong Buy), continues to have strong fundamentals.

On Aug 5, it reported second quarter earnings that beat Wall Street estimates by 31.25%. Sales rose 17% to $650 million from $553.7 million in the year ago period.

Consensus estimates for the third quarter are steady at 31 cents per share. Full year estimates are up 5 cents to $1.38 in the last 60 days. Analysts expect 2008 year-over-year earnings per share growth of 62.65%.

Ferro is now trading at 10.5x forward earnings. Its price-to-book is

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