After blasting above the 200 day moving average on Monday, the S&P 500 handed a little back on Tuesday. Gladly not enough to fall under the 200 day. That is good news for now, but it could prove very fleeting if the monthly jobs reports starting Wednesday do not paint an improving picture. What I mean is that we've accepted the notion that this is a jobless recovery and that was enough to get the economy and market to bounce to current levels. However, it is getting harder to imagine a sustained recovery without this important piece of the economic puzzle falling into place. If it does, then expect us to press higher above the 200 day averages. If not, then expect this to be another failed rally and we fall back under for a spell.
Discover these top commentaries from Zacks.com:
• Zacks Rank Video: Value Stock Picks
• Savings Rate Rising
• Insurance Industry Stock Update - Aug. 2010
• Top 5 Technology Funds
Executive VP, Zacks Investment Research
p.s. Discover all stock picks from all Zacks' trading services in this first time ever sneak peak. Learn More Now!
Today's Top Stories: Wednesday- August 04, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - AVX Corp (AVX) reported first-quarter revenue of $396.5 million, up 8% sequentially and 36% year-over-year. The gross profit margin improved to 26%, up from 23% last quarter and 19% a year ago. Read More...
Growth & Income - Lincoln Electric (LECO) announced second-quarter results on July 27. Sales increased 24.8% to $515.6 million. The company earned $0.77 per share, topping the Zacks Consensus by 9 cents, or 13.2%. Read More...
Momentum - WABCO Holdings, Inc. (WBC) Q2 earnings came in strong at 63 cents, 21% ahead of the Zacks Consensus Estimate, moving the company's average earnings surprise over the last four quarters to 141%. Read More...
Value - Lubrizol Corporation (LZ) surprised on the Zacks Consensus Estimate by 21%. Earnings per share were $2.88 versus the consensus of $2.38. It made just $1.92 in the year ago period. Revenue rose 26% to $1.4 billion. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
"The Little Guy Hits the Big-Time" Energy abundance - from multiple sources, in markets that operate quickly and efficiently - is about to unlock untold wealth across our entire society. But investors who "play the majors" may find themselves with less than their fair share of this newfound wealth.
Indeed, windfall profits in the months ahead are reserved for those small companies that can drive down costs. If you can make a more reliable valve or a faster pump or a longer lasting drill-bit, THIS is your golden moment. And there’s only one way to seize it. Click to continue.
ZACKS MUTUAL FUND RANK
- Top 5 Equity Income Funds
Get income with Alpine Dynamic Dividend (ADVDX), Putnam Equity Income A (PEYAX), Eaton Vance Dividend Income A (EDIAX), Nicholas Equity Income (NSEIX) and American Century LIVESTRONG Income A (ARTAX). Read More...
- Best Of Fund Family
Top 5 Fidelity Funds Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
Introducing the Profit from the Pros TV Show
Don't miss the latest episode of Profit from the Pros, our all-new national program on the Biz Television network. Get a point-counterpoint on stocks in the news. Learn where Zacks experts see the market heading. Discover a proven, white-hot stock-picking strategy. . . the Bull and Bear Stocks of the Week . . . and more.
As a Zacks member, you're invited to "attend" the show's latest episode right now.
Watch online now >>
BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Aggressive Growth
There's More to Aggressive Growth Than Technology Read More...
VIP "InvestmentMAGE" unique conjure brings profit with BUY calls in (OGE) and (STD) with SELL calls in (UPRO) and (URE). Read More...
NEW ZACKS VIDEOS:
SCREEN OF THE WEEK: What's Your Stock's Price Target?
Kevin Matras shows how to calculate a stock's price target and how to find stocks currently trading below them. Highlighted stocks include (ALK), (AVX), (RBC), (MOH) and (WBC). Read More...
Visit the Zacks.com Facebook page and get the latest insight on stocks and the market:
Zacks On Facebook
Get the Zacks.com newsfeed delivered straight to your Twitter account:
Zacks On Twitter
OTHER ZACKS RESOURCES:
Manage your Profit from the Pros subscription:
If you enjoy this e-mail newsletter, then please pass it along to a friend. Simply forward them the link below to sign up for their own free subscription. THANKS!
Refer a Friend
Executive VP, Zacks Investment Research
p.s. What is the mission for Zacks Profit from the Pros?
To find out how we will help you become a more successful investor, click here.