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Dear Subscribers,
We've enjoyed two straight weeks of gains and have held above the 200 day moving average for 4 sessions. That is certainly cause for celebration. Of course that begs the question; What's next? The key is not necessarily about getting more good news on the economic front. It may simply be having an extended period without bad news. Meaning the longer we go without a new sovereign debt crisis or devastating oil spill…the better. Let's see if we can make it three weeks in a row in the plus column!
Profit from the Pros TV- New Episode
Discover factors driving the market this past week, and more importantly what to expect going forward. Topics include:
• How to spot what the economy is doing and how to profitably trade that environment.
• Bull and Bear Stocks of the Week
• Roundtable Review of market's technical picture, "new normal" paradigm and top stock picks.
View Profit from the Pros TV
Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
Today's Top Stories: Monday- June 21, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Williams-Sonoma (WSM) first-quarter net income came in at in $19.5 million, up from a loss a year before that. Net income broke down to 23 cents per share, more than doubling th 11 cents that was expected. Read More...
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Growth & Income - Microchip Technology (MCHP) management expects sales of $318 million and non-GAAP earnings per share of $0.52. In the last month, the Zacks Consensus Estimates for fiscal 2011 and fiscal 2012 are each up 4 cents to $1.95 and $2.07, respectively. Read More...
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Momentum - Herbalife, Inc. (HLF) Q1 revenue for the period was up 19% from last year to $619 million. Earnings also came in strong at 98 cents, 15% ahead of the Zacks Consensus Estimate. Herbalife now has an average earnings surprise of 21% over the last four quarters. Read More...
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Value - Avnet Inc. (AVT) is trading at 10.6x forward earnings, which is well below the industry average of 19.7. It is also cheaper than when we last reviewed it in April. Back then, it was trading at 12.6x forward earnings. 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 Small Cap Funds
Add small caps to your portfolio with Buffalo Small Cap (BUFSX), Baron Small Cap Retail (BSCFX), Pioneer Oak Ridge Small Cap Growth A (ORIGX), Calvert New Vision Small Cap A (CNVAX) and Invesco Van Kampen Small Cap Growth A (VASCX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Wynn Resorts, Ltd. (WYNN)
Full Zacks research report: Read More...
- Bear Of The Day:
Pepco Holdings, Inc. (POM)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Telecom Industry Outlook - June 2010
We believe that the overall economic dynamics may shift in favor of the telecommunications industry, although at a very slow pace, primarily due to its basic nature of being a major infrastructure product for both emerging and developed nations. Read More...
- Newell (NWL) Plans Europe Revamp
- Qiagen-Genome (QGEN) Add New HLA Tests
- Fluor (FLR) Wins Contracts
BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Aggressive Growth
There's More to Aggressive Growth Than Technology Read More...
PeopleAndPicks.com:
VIP "rjm77me" taking advantage of the market with BUY calls in (AVT), (HIG) and (STI). Read More...
NEW ZACKS VIDEOS:
EARNINGS PREVIEW The Preseason Warm-Up
While second quarter earnings season does not "officially" get underway until after the 4th of July break, we will start seeing some second quarter earnings reports next week. Read More...
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Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
p.s. What is the mission for Zacks Profit from the Pros?
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