Zacks Buy List Highlights: SunPower Corporation, Herman Miller, Carrizo Oil & Gas and Tele Norte Leste Participacoes S.A.

Zacks.com releases the latest list of Zacks Rank Buy Stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are SunPower Corporation (Nasdaq: SPWR), Herman Miller, Inc. (Nasdaq: MLHR), Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) and Tele Norte Leste Participações S.A. (NYSE: TNE).

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32.2% 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 see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88

Here is a synopsis of todays Zacks Rank Buy Stocks:

Aggressive Growth SunPower Corporation (Nasdaq: SPWR)

SunPower Corporation has lit a fire under the stock market. It has been securing contracts and striking deals to ensure future growth. Over the past four quarters, it has posted an average surprise of almost 24%. 2008 earnings estimates have increased over 10% during the past three months. The company's new polysilicon supply agreement with Jiawei SolarChina also bodes very well for the future.

Growth & Income Herman Miller, Inc. (Nasdaq: MLHR)

Herman Miller, a Zacks #1 Rank (Strong Buy) company, reported record fiscal second-quarter earnings of 72 cents per share in mid-December, excluding restructuring expenses. The result was well above last years 56 cents and topped the consensus estimate by 22%. The company issued an earnings per share outlook of 55 cents to 62 cents for its third quarter. Wall Street is in agreement. MLHRs return on equity (ROE) stands at an impressive 91%, far above the industrys average of 7%. The company also announced a definitive agreement to acquire Brandrud Furniture, Inc., a Seattle-based manufacturer of healthcare furnishings.

Momentum Carrizo Oil & Gas, Inc. (Nasdaq: CRZO)

Carrizo Oil & Gas recently reported a strong third quarter in which its revenue grew by 49%, moving to $30.3 million from $20.3 million last year. The company's net profit margin easily trumps the industry average, coming in at 13.85% against 9.54%.

Value Tele Norte Leste Participações S.A. (NYSE: TNE)

Telemar's growth has been impressive, especially in the wireless space. The recent move to expand into Sao Paulo should be a boon to the company's bottom line over the long term. This is stock seems ridiculously cheap at these levels. It is only going for 7x 2008 estimates of $2.80 per share. However, it is growing more than 17% over the long term.

The free special report, Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions, provides an insightful background about this wealth-building tool. Download your free copy of the report now to prosper in the years to come by visiting http://at.zacks.com/?id=93.

About the Zacks Rank

Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of +32.2%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 129% annually (+5.3% vs. +12.1%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

The performance of the Zacks Rank portfolios shown above for annual and year-to-date periods are the linked monthly total returns (price changes + dividends) of equal weighted hypothetical portfolios, consisting of those stocks with the indicated Zacks Rank, assuming monthly rebalancing and zero transaction costs. These are not the returns of actual portfolios. The hypothetical portfolios were created at the beginning of each month from Jan 1988 forward based on the values of the Zacks Rank available to Zacks' clients before the beginning of each month. The portfolios created monthly from 1988 through September 2006 exclude ADRS and are comprised of stocks that have the indicated Zacks Rank and were covered by at least two analysts at the time of the stocks inclusion in the portfolio. Starting in October 2006 and going forward, the portfolios are comprised of all stocks with the indicated Zacks Rank and do not exclude ADRs, which is more reflective of the list of stocks that customers will find on the Zacks web sites. 2007 returns are for the period of Jan 1 Jun 30, 2007. These performance numbers have been audited from 1995 through 2003 by Autschuler Melovan, a division of American Express Financial.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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