Yesterday's rally was fueled in part by the ISM Services Index.
The report was cheered for 2 reasons. First, it signaled expansion for the first time in 11 months. Secondly, in contrast to the ISM manufacturing index (released last week), the services sector not only improved, but also suggested that the employment picture is improving.
Dirk van Dijk provides full analysis of the report in our Analyst Blog.
Read: ISM Services Expands
Some of the traders on PeopleandPicks.com, the investment community of Zacks.com, are remaining active buyers.
One such trader is Clark2005. The VIP Member recently added Mechel (MTL) and U.S. Steel (X) to his holdings.
See his entire portfolio: VIP Clark2005
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Tuesday- October 06, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - IPCS, Inc. (IPCS) Zacks Consensus Estimate for full-year 2009 has surged to $1.27, up from 80 cents. Comparing this to a 25 cent loss last year and you get a growth rate of over 600%. Forecasts for next year are currently averaging $1.72, up from $1.48, good enough for a 35% growth rate. Read More...
Growth & Income - Hershey Co. (HSY) is seeing higher Zacks Consensus Estimates ahead of reporting later this month. The full-year earnings forecast of $2.07 per share was increased from $1.99 over the past 90 days. Read More...
Momentum - Dick's Sporting Goods (DKS) second-quarter revenue was up 4% from last year to $1.13 billion. EPS came in better than expected at 36 cents per share, 5 cents ahead of the Zacks Consensus Estimate. Estimates jumped higher, with the current year 9 cents and climbing to $1.07 per share. Read More...
Value - Ennis Inc. (EBF) has surprised on the Zacks Consensus Estimate the last 3 quarters. It has a price-to-book of 1.39 and a solid 5-year average return on equity of 12.59%. Additionally, the company rewards shareholders through a dividend which is currently yielding 3.80%. 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 Health Equity Funds
Want to own a healthy portfolio? Consider investing in Franklin Strategic Biotechnology A (FBDIX) and Alger Health Sciences C (AHSCX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
INVESTMENT IDEAS: Solid Technology Bets for the Long-Term
PERSONAL FINANCE: provided by Kiplinger.com
These 3 tech plays continue to outperform as the Nasdaq tops the Dow and S&P 500. Read More...
Understanding Price/Earnings-to-Growth (PEG) Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
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