The summer rally has increased both stock prices and valuations.
Though everyone likes to buy a stock with a low valuation, a rising valuation can also be good. As Kevin Matras points out, this is particularly the case when both prices and earnings are rising.
To find out why, and get 5 stocks that could rise over short-term, read Increasing P/Es for Stocks on the Move.
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Wednesday- August 12, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Cognizant Tech Solutions Corp. (CTSH) shares are setting a new 52-week high after the most recent earnings surprise. Reported second-quarter results included a 13% revenue growth and a 36% increase in year over year earnings of 47 cents. Read More...
Growth & Income - Syntel Inc. (SYNT) recently posted second-quarter earnings of 61 cents per share, eclipsing the previous year's 42 cents and exceeding the Zacks Consensus Estimate by 20%. Revenue slipped 3% year-over-year. Read More...
Momentum - Perfect World Co, Ltd. (PWRD) revenue was up 56% from last year to $76.3 million. Earnings came in at 78 cents per share, 17 cents ahead of the Zacks Consensus Estimate. Perfect World has surprised in each of the last four quarters by an average 13 cents, or 31%. Read More...
Value - Ruth's Hospitality Group, Inc. (RUTH) surprised by 100% in the second-quarter with earnings per share of 14 cents. It is trading with a forward P/E of just 9.95 and a price-to-book of 2.01. It has a 5-year average return on equity (ROE) of 279.13%. Read More...
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Charles Rotblut, CFA
Senior Market Analyst
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