VSE Corp. and Konami Corp.

Wall Street continued its recently rally on Tuesday with all the major indexes finishing in the green. Several Zacks #1 Rank (Strong Buy) stocks showed strong gains too.

VSE Corp. (VSEC - Snapshot Report) rose 6.4% on normal volume.

VSE Corporation provides diversified engineering, development, testing, and management services, principally to agencies of the U.S. government and to other prime contractors.

Estimates have risen sharply in the last week as analysts factor in the company's acquisition of Wheeler Brothers, Inc. In June the company announced that it had completed its agreement to acquire WBI, a 185-employee supply chain management firm that focuses on supplying vehicle parts to the USPS and the DoD.

The Zacks Consensus Estimate for 2011 has moved from $3.44 to $3.80 in the last week. Meanwhile, the 2012 consensus estimate jumped from $4.04 to $4.69 over the same period.

Shares trade at just 6.5x 2011 earnings, a significant discount to the industry average of 16.9x.

Konami Corp. (KNM) was also strong, gaining 6.3% to close at a new 52-week high.

Konami Corp develops and publishes various toys, trading cards, anime, and video games, among other things. It is famous for games like Metal Gear, Dance Dance Revolution, Yu-Gi-Oh!, and Silent Hill. It is headquartered in Tokyo.

Consensus estimates have risen significantly for the company over the last few weeks, and analysts project strong growth from KNM over the next two years.

The 2011 Zacks Consensus Estimate is $1.79, representing 54% EPS growth. The 2012 consensus estimate is $1.97, equating to 10% growth.

Shares trade around 2.0x book value, a discount to the industry average of 2.6x.

Other notable top performing Zacks #1 Rank stocks from Tuesday include: MRV Engenharia e Participa (MRVNY), which was up 6.1%, Omega Protein Corp. (OME - Snapshot Report), which rose 5.2%, and Hurco Companies, Inc. (HURC - Snapshot Report), which gained 5.2%.

To see the full list of Zacks #1 Rank (Strong Buy) stocks click here.

Todd Bunton is the Growth & Income Stock Strategist for Zacks Investment Research.

Read the full analyst report on VSEC

Read the full analyst report on KNM