Phillips-Van Heusen Corp. (NYSE: PVH - News) is a Zacks #2 Rank stock that trades at a reasonable 18.3x fiscal 2011 consensus estimates and 14.7x fiscal 2012 consensus estimates. Analysts estimate that Phillips-Van Heusen will grow its earnings per share 22.3% in fiscal 2011, 24.3% in fiscal 2012, and 10.1% per year for the next three to five years.

The stock also offers a dividend yield of 0.2%. Business Phillips-Van Heusen Corp. is a global designer and marketer of branded apparel. PVH has strong portfolio of brands including Calvin Klein, Izod, Bass, and DKNY. Hilfiger Acquisition On March 15, PVH announced that was acquiring the Tommy Hilfiger brand for $3 billion in cash and stock, increasing PVH's share of the menswear market in U.S. [Read the full article]

MKS Instruments Inc. (NasdaqGS: MKSI - News) didn't disappoint when it reported first quarter earnings on Apr 21. It easily surprised on the Zacks Consensus by 31.8%. When I last reviewed MKS Instruments on Feb 26, first quarter estimates were already rising in anticipation of good numbers. But the analysts weren't bullish enough, apparently, as MKS Instruments blew through that number. Earnings per share were 58 cents compared to the Zacks Consensus of 44 cents. Sales rose 158% to $198.1 million from $76.7 million in the year ago quarter. It continued to see the acceleration it commented on at the end of 2009. The company, a manufacturer of instruments and process control products for the semiconductor industry, also was optimistic about the rest of 2010 as there have been improving economic conditions for its end user markets. [Read the full article]