Dear Subscriber,
What are bank stocks really worth?
Given the extent to which these stocks have rallied since early March, it's a question worth asking. Unfortunately, nobody really knows the answer - and that makes owning these stocks extremely risky as I explain in the Industry Rank Analysis.
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Thursday- April 23, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Dolan Media Co. (DM) reported a 44% increase in revenue for the fourth quarter which rose to $59 million. Full-year consensus estimates for 2009 jumped 12% to 56 cents. Estimates for 2010 rose as well, up 5 cents to 75 cents for the year. Read More...
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Growth & Income - Becton, Dickinson and Company (BDX) keeps seeing bullish forecasts on strong fundamentals as the Zacks #1 Rank (Strong Buy) company prepares to report early next week. Analysts are projecting earnings growth of 10.5% for the fiscal year ending September 2009 followed by growth of 10.5% more in fiscal 2010. Read More...
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Momentum - Advance Auto Parts, Inc. (AAP) reported solid fourth-quarter results that were ahead of expectations. Sales were up 14% from last year to $1.19 billion. Earnings came in at 51 cents per share, 14 cents ahead of the consensus. Read More...
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Value - Covidien Limited (COV) has surprised on estimates 7 quarters in a row. Will it do it again on Apr 30? Second quarter estimates have risen by nearly 17% in the last 3 months. COV has a forward P/E of 11.35. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
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ZACKS MUTUAL FUND RANK
- Best of Funds: Top Small-Cap Equity Funds
Pioneer Small and Mid Cap Growth A (PAPPX), JPMorgan Small Cap Equity A (VSEAX) and First Eagle U.S. Value A (FEVAX) are among some of the small-cap outperformers. Read More...
The new Zacks Mutual Fund Rank is free until June 1. See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Gafisa S.A. (GFA)
Full Zacks research report: Read More...
- Bear Of The Day:
Johnson Controls, Inc. (JCI)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Restaurant Industry
The chief catalysts in the recent restaurant stock rally were better-than-expected earnings reports by Darden Restaurants (DRI), Brinker International (EAT), Ruby Tuesday (RT) and California Pizza Kitchen (CPKI). Read More...
- UAL Corp. (UAUA) Misses Zacks Estimate
- Caterpillar (CAT) Feels Volume Pressure
- Buy CDC Corp. (CHINA) Up to $2.50 per Share
PERSONAL FINANCE: provided by Kiplinger.com
EDUCATION: Growth and Income
How to Use Zacks Rank #3 (Hold) Read More...
PeopleAndPicks.com:
VIP "Burtman" blogs that the SPX has peaked and headed possibly lower. "We are now seeing resistance at 860...may run to 875 but...and now we see how far down we go. Retest maybe? " Read More...
NEW ZACKS VIDEOS:
PROFIT TRACKS: Low Price Stocks
This strategy identifies stocks priced below $20 that are trading at discount valuations and have a Zacks Rank of #1-Strong Buy or #2-Buy. The stocks making the cut are (EEFT), (JAH), (UN) and (CTR). Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
Zacks.com
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