The Fed says economic activity is "leveling out", which is better than its previous assessment of a "slowing" contraction. The Committee also will "gradually slow" the purchase of billions of dollars in T-Notes, and expects to be done by October.
In the Analyst Blog, Dirk van Dijk compared the Fed's recent statement with its previous one, and offered a paragraph by paragraph interpretation of the differences.
Read: Notes on Fed Statement
By the way, have you noticed that the oil & gas exploration and production industry has been enjoying a positive trend for months now? Before heading out on vacation, Charles Rotblut offered some reasons behind this move and a way to capitalize in the Industry Rank Analysis.
Read: Better Conditions for E&P Companies
Profit from the Pros
Today's Top Stories: Thursday- August 13, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Intuitive Surgical Inc. (ISRG) second quarter results included earnings per share of $1.62, 28% higher than the Zacks Consensus Estimate of $1.27. Net income came in at $62.4 million, up from $51.2 million in the same period last year. Read More...
Growth & Income - TESSCO Technologies Inc. (TESS) recently declared its first-ever quarterly dividend of 10 cents per share. The new dividend translates into an industry-leading yield of 3%. The company delivered first-quarter earnings of 38 cents per share, surpassing the Zacks Consensus Estimate by an impressive 124%. Read More...
Momentum - Schweitzer-Maudit International Inc. (SWM) earnings easily beat expectations, coming in at $1.02 against the Zacks Consensus Estimate of 45 cents. Management noted that for the first 6 months of the year, net cash from operations was up to $22.9 million from $12.3 million last year. Read More...
Value - Multi-Fineline Electronix Inc. (MFLX) is riding the smartphone wave as sales rose 4.1% in the third quarter. The company has surprised on estimates 3 out of the last 4 quarters by an average of 26.33% and has a price-to-book ratio of 1.87. 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 Convertible Fixed Income Funds
Looking to convert your portfolio? Checkout the Davis Appreciation & Income A (RPFCX), Franklin Convertible Securities A (FISCX) and Putnam Convertible Income-Growth A (PCONX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Cisco Systems (CSCO)
Full Zacks research report: Read More...
- Bear Of The Day:
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Healthcare: HMOs and Hospitals
Long-term growth of the healthcare sector overall continues to be fuelled by aging of the population and decisions in Congress related to government funding. We discuss (UHS), (MD) and (AGP). Read More...
- Schering-Plough (SGP) Settles Lawsuits
- Northrop (NOC) Gets New Army Deal
- JPMorgan (JPM) Mulls Office Sale
PERSONAL FINANCE: provided by Kiplinger.com
EDUCATION: Growth and Income
Size Matters: Market Capitalization Read More...
Player "TickerBandit" ponders the market's reaction to the FED. "Is there really anything about this FED release that is going to surprise anyone?"..."So do you believe the market's initial reaction to the FED release? Or are you calling it's bluff?" Read More...
NEW ZACKS VIDEOS:
PROFIT TRACKS: PEG
This strategy utilizes the PEG ratio to find those stocks priced right and ready for positive movement. Stocks covered are (KMGB), (LZ), (STEC) and (TAST). Read More...
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Charles Rotblut, CFA
Senior Market Analyst
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