Third-quarter earnings season “officially” starts on Wednesday with Alcoa's (AA) report.
Revenues and profits will be down for most companies on a year-over-year basis, so the key will be how the numbers fare relative to expectations. Guidance, as always, will also play a role as traders want confirmation that business is actually improving.
The economic calendar for this week is comparatively light. The bond markets could still be active, however, with several treasury auctions being conducted.
Finally, there are 2 companies I think could surprise investors with their results. To find out who they are, read Earnings Preview for Oct 5 – 9.
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Monday- October 05, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Priceline.com (PCLN) Zacks Consensus Estimate for this year is up a penny, to $6.70, for an earnings growth rate of 32% on the year. Next year's average forecast rose 8 cents, to $7.94, which is another 18% of growth. Read More...
Growth & Income - Tupperware Brands Corporation (TUP) is showing solid fundamental growth, which is translating into a surging share price. TUP has outpaced the broader market over the past year and since reporting as its share price closes in on a 52-week high. Read More...
Momentum - RINO International Corp. (RINO) sales were up 17% from last year to $40.7 million. Earnings also came in strong at 40 cents, 2 cents ahead of the Zacks Consensus Estimate. RINO improved in cash and equivalents significantly, increasing to $51.7 million from $19.7 million. Read More...
Value - The Gymboree Corporation (GYMB) kept its earnings beat winning streak alive in August when it surprised on the Zacks Consensus Estimate, once again, by 7.89%. The company has now beaten 6 quarters in a row. It is trading with a forward P/E of 14.6. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
Zacks' 6 Best Growth Stocks for 2009
What are these stocks and how did others miss them? How can you find those rare growth companies at the key time when they're still undervalued and unnoticed? Which stocks are Zacks targeting in the weeks ahead?
A development that most investors are overlooking shows that now is the best time for growth stocks since the bear market began in October, 2007.
Read on . . .
ZACKS MUTUAL FUND RANK
- Best of Funds: Top Real Estate Equity Funds
Consider housing ING International Real Estate A (IIRAX) and Cohen & Steers International Realty A (IRFAX) in your portfolio. Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
PERSONAL FINANCE: provided by Kiplinger.com
EDUCATION: Aggressive Growth
“Short-Selling” Stocks Read More...
VIP "OnIslandTrader" stays afloat in the wavy market with BUY calls in (CBAK), (CTRP), (KNOL) and (MVIS). Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
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