The Durable Goods report was a disappointment. And New Home sales was a downright disaster. So the market continued going lower, right? At first that was the case, and then the market sprung higher resulting in a positive close. Why? Because a relief rally was coming no matter what the news said. If the Jobless Claims report on Thursday or GDP revision on Friday is decent, then the bounce might extend for another 1-2%. Unfortunately after that I still think the risk is to the downside until earnings season comes around in October.
Now I'd like you to meet "This Colorado Kid", one of the top members of our investment community at www.PeopleAndPicks.com. Primarily a technical trader, the Kid watches trends and market timing for his entry and exit points. This often generates big gains, like the 71% he booked on Quiksilver [ZQK] in less than a month. See all his recent trades at http://www.peopleandpicks.com/profile/ThisColoradoKid/.
Executive VP, Zacks Investment Research
p.s. Time is running out to see the trades in my "Double Your Money" portfolio from Zacks. What are you waiting for? Discover Zacks Double Your Money.
Today's Top Stories: Thursday- August 26, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Kaiser Aluminum Corp. (KALU) reported quarterly results that included net income of 71 cents per share, up from 32 cents a year ago and well ahead of the Zacks Consensus Estimate of 39 cents. Read More...
Growth & Income - Pall Corporation (PLL) Zacks Consensus is calling for $2.04 per share, up from $1.98 in the last 90 days. This is solid earnings growth of 14.7% compared to fiscal 2009. Read More...
Momentum - Clearwater Paper Corp. (CLW) Q2 earnings came in strong at $1.75, 33% ahead of the Zacks Consensus Estimate, moving its average earnings surprise to 63% over the last four quarters. Read More...
Value - Trina Solar Limited (TSL) reported its second quarter results and once again beat on the estimate. Earnings per share were 52 cents compared to the Zacks Consensus of 50 cents. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
What Warren Buffett’s Buying Now
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ZACKS MUTUAL FUND RANK
- Top 5 Global Mutual Funds
Get global with Putnam Global Equity A (PEQUX), Invesco Global Growth A (AGGAX), Henderson Global Equity Income A (HFQAX), Templeton Global Opportunities A (TEGOX) and AIM Global Core Equity A (AWSAX). Read More...
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