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

Advanced Energy Industries Inc (AEIS) American Medical Systems Holdings Inc (AMMD) BCE Inc (BCE) Bemis Company Inc (BMS) BG Group Plc (BRGYY) California Pizza Kitchen Inc (CPKI) CarMax Inc (KMX) Carter's Inc (CRI) Casual Male Retail Group Inc (CMRG) Encore Capital Group Inc (ECPG) Huaneng Power International Inc (HNP) Ingram Micro Inc (IM) Isle of Capri Casinos (ISLE) Jefferies Group Inc (JEF) LTC Properties Inc (LTC) Luxottica Group SpA (LUX) ...

Metalico, Inc. (MEA) is a holding company with operations in two principal business segments: ferrous and non-ferrous scrap metal recycling, and fabrication of lead-based products. The company operates twenty recycling facilities in New York, Pennsylvania, Ohio, New Jersey, Texas, Mississippi, and West Virginia. Metalico also owns five lead fabrication plants in Alabama, Illinois, Nevada, and California.

Shareholders have questioned the company regarding the rapid decline in the stock price in the past two weeks and whether the company is facing near-term profitability or liquidity problems. Therefore, Metalico issued a statement regarding the recent trading activity of its common stock. Due to the volatile and uncertain conditions that exist today in the financial markets, Metalico decided to deviate from its established policy of not commenting on results before release of quarterly earnings to reassure shareholders and the investing community about the company and its prospects.

Metalico is in a

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Stocks closed higher on Tuesday after sending the major averages on a few wild swings throughout the day. The Dow opened in the red and kept sliding by as much as 175 points before rebounding. During mid-day trading, the blue chip index was up by nearly 100 points. Then the Fed announced its unanimous decision to leave rates unchanged, sending the Dow back into negative territory by about 100 points. At the end of the session, the Dow closed in positive territory by 141.51 points, or 1.30%, at 11,059.02.

The broader averages were up as well. The Standard & Poor's 500 index advanced 20.90 points, or 1.75%, to 1,213.60, while the Nasdaq composite index moved up 27.99 points, or 1.28%, closing at 2,207.90.

The Fed did not see the type of doom and gloom environment that would call for another rate reduction. Thus the fed funds rate was

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Bunge Limited (BG), the White Plains, NY- based agriculture and food company with operations in over 30 countries, and CF Industries Holdings, Inc. (CF), the fertilizer company, have seen their stocks hit in recent sessions as the commodities sell-off continues.

However, the fundamentals remain intact for both companies.

Bunge is a Zacks #2 Rank (Buy) stock. 2008 estimates are up 16 cents to $11.58 from $11.42 in the last 30 days. Analysts expect year-over-year earnings growth in 2008 of 79.32%.

Bunge's value fundamentals are solid with a one year return on equity (ROE) of 23.58% and a forward P/E of only 7.12.

It's much the same story with CF Industries. CF is a Zacks #1 Rank (Strong Buy) stock. 2008 estimates have fallen slightly in the last week to $17.64 from $17.68 but only 60 days ago consensus estimates stood at $13.01.

Analysts expect year-over-year earnings

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It was a brutal day for stocks as the euphoria from the Fannie and Freddie bailout dissipated in response to renewed concerns about weakness in the financial sector. The Dow dropped 280 points to close at 11,231.

Lehman Brothers Inc. (LEH) spooked the market when word spread that the troubled investment bank's negotiations with Korea Development Bank had stalled. Lehman has been aggressively pursuing additional capital in order to provide protection against deteriorating assets and strengthen its balance sheet. Lehman shares were down more than 40% on the day.

The downtrend in the overall market and financial sector was hastened by American Insurance Group, Inc (AIG), as investors speculated that the world's largest insurer would also need to raise more capital to protect itself from exposure to mortgage related assets. AIG has already posted $20 billion in losses over the last three quarters and raised $20

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Some may sneer at scrap metal, but let no snobbery stand in the way of cascading dollars from this corner of the Iron & Steel Industry. It is convenient to blame the BRIC block of countries for demanding so much of various metals that scrap enterprises have become profitable. However, the truth is that it has always been so. Fierce competition and conservation concerns make a heady mix in terms of recycling finite resources.

59% of the 36.04 million shares of this small-capital member of the Basic Materials Sector are held by reputed financial institutions. The early-September 2008 stock price has hovered close to $11 against a 52-week low of just $7.45. The Price to Earnings Ratio is just 15.13, which is excellent for such a stable and mature business. Earnings per Share are at 0.70 and the Beta is 1.26. No thinking investor can afford to turn up a nose

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Metalico, Inc. (MEA), the scrap metal processor with 20 recycling facilities across the United States, reported the strongest quarter in the company's history as soaring metal prices hiked revenues by 342%.

The company, a Zacks #1 Rank (Strong Buy), operates in two segments: ferrous and non-ferrous scrap metal recycling and lead fabrication.

It is the scrap metal recycling segment which is spurring the company's growth. In the second quarter, volumes rose 185% for ferrous and 93% for non-ferrous metals year-over-year.

Prices have skyrocketed. In the second quarter, ferrous metal prices increased 126% and non-ferrous soared 215% quarter-over-quarter. The largest source of non-ferrous revenue in the quarter was in the Platinum Group Metals (PGM).

Metalico Cautions About The Third Quarter

MEA obviously operates in the highly volatile commodities sector and is susceptible to price fluctuations. For the third quarter, the company expects ferrous metal pricing to remain

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Metalico, Inc. (MEA), the scrap metal processor with 20 recycling facilities across the United States, reported the strongest quarter in the company's history as soaring metal prices hiked revenues by 342%.

The company, a Zacks #1 Rank (Strong Buy), operates in two segments: ferrous and non-ferrous scrap metal recycling and lead fabrication.

It is the scrap metal recycling segment which is spurring the company's growth. In the second quarter, volumes rose 185% for ferrous and 93% for non-ferrous metals year-over-year.

Prices have skyrocketed. In the second quarter, ferrous metal prices increased 126% and non-ferrous soared 215% quarter-over-quarter. The largest source of non-ferrous revenue in the quarter was in the Platinum Group Metals (PGM).

Metalico Cautions About The Third Quarter

MEA obviously operates in the highly volatile commodities sector and is susceptible to price fluctuations. For the third quarter, the company expects ferrous metal pricing to remain

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Stocks finished mixed during a rough session that saw further declines in commodities and commodities stocks. The Dow managed to finish with a gain of 15.96 points, or 0.14%, to 11532. The Nasdaq Composite Index fell 15.51 points, or 0.66%, to 2333. The S&P 500 also declined 2.59 points, or 0.20%, to 1274.

Once again, falling crude prices and a strengthening dollar did little to comfort investors after the auto companies reported sales that slid more than analyst’s estimates and the Fed Beige Book showed increasing inflationary pressures.

General Motors (GM) saw car sales fall 20% in August year-over-year. For Ford ( F), it was even worse, falling 27%. But even the mighty Toyota (TM) wasn't spared, as it saw sales fall 9.4%. As expected truck sales were awful which hurt Ford, the maker of the popular F-Series truck, the hardest.

The Fed Beige Book painted

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Stocks finished mixed during a rough session that saw further declines in commodities and commodities stocks. The Dow managed to finish with a gain of 15.96 points, or 0.14%, to 11532. The Nasdaq Composite Index fell 15.51 points, or 0.66%, to 2333. The S&P 500 also declined 2.59 points, or 0.20%, to 1274.

Once again, falling crude prices and a strengthening dollar did little to comfort investors after the auto companies reported sales that slid more than analyst’s estimates and the Fed Beige Book showed increasing inflationary pressures.

General Motors (GM) saw car sales fall 20% in August year-over-year. For Ford ( F), it was even worse, falling 27%. But even the mighty Toyota (TM) wasn't spared, as it saw sales fall 9.4%. As expected truck sales were awful which hurt Ford, the maker of the popular F-Series truck, the hardest.

The Fed Beige Book painted

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