For the 2nd straight day the market made a run at the 200 day moving averages. Monday it got thwarted. Tuesday it leapt above on solid volume. It is very tempting to say that its smooth sailing ahead. However, it is safer to wait for it to close above these levels for a second day in a row to greatly improve the odds of success. If we can do that, then we should see a resumption of the rally that started in March 2009.
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Executive VP, Zacks Investment Research
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Today's Top Stories: Wednesday- June 16, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - AMERCO (UHAL) reported fourth-quarter results for fiscal 2010 that showed revenues of $444, up 7% since the same period last year. AMERCO's full-year earnings came in at $2.74 per share, much improved over the previous year's 2 cents. Read More...
Growth & Income - Fastenal (FAST) analysts are forecasting the company will grow its earnings per share 38.4% in 2010, 22.9% in 2011, and 19.5% per year for the next three to five years. Meanwhile, its stock offers investors a dividend yield of 1.5%. Read More...
Momentum - Watts Water Technologies, Inc. (WTS) first-quarter revenue was up 10% from last year to $319 million. Earnings also came in strong at 44 cents per share, 37.5% ahead of the Zacks Consensus Estimate. Watts now has an average earnings surprise of 26% over the last four quarters. Read More...
Value - Teradyne Inc. (TER) provided guidance of revenue between $390 and $460 million, which is higher than that pocketed in the first quarter. The Zacks consensus for the second quarter soared to 46 cents from 22 cents just 60 days before. 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
- Top 5 Growth Funds
Add growth to your portfolio with Reynolds Blue Chip Growth (RBCGX), PL Mid-Cap Growth A (PFAMX), Needham Growth (NEEGX), USAA Capital Growth (USCGX) and Fidelity Mid Cap Growth (FSMGX). Read More...
- Best Of Fund Family
Top 5 ING Funds Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
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