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Dear Subscribers,
The October Employment report was not only 150% better than expected, but also showed positive revisions for jobs created in previous months. Yes, we need to get to more like 200,000+ jobs created per month to make a real dent in the unemployment rate. However, this is a very nice step in the right direction which is making investors cautiously optimistic about reports in coming months and what it means for the economy as a whole.
As noted yesterday, this week is rather light on the economic front. So quite likely the recent trend will stay in place. And that trend is clearly up. I hope all of you have enjoyed some gains on this recent rally and ready for some more.
Watch "Profit From The Pros TV" -New Episode – November 6, 2010
• I discuss the reasons behind the market's advance. Then share Weekend Wisdom
on the power of earnings momentum.
• Discover Bull & Bear Stocks of the Week
• Top Stock Screener, Kevin Matras, explains the importance of screening for the Current
Ratio.
• Roundtable Review panelists weigh in on October jobs numbers, the market's reaction to
QE2 and give their Top Stock Picks of the Week.
View Profit from the Pros TV
Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
Today's Top Stories: Monday- November 08, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - TriMas Corp. (TRS) earnings per share came in at 37 cents, beating the estimates by 7 cents. Sales were up 22% to nearly $248 million in the quarter, credited to economic improvements and growth initiatives. Read More...
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Growth & Income - Albemarle Corp. (ALB) reported earnings per share of $1.02, crushing the Zacks Consensus Estimate by 18 cents. It was a 79% increase over the same quarter in 2009. Net sales increased a stellar 13.5%. Read More...
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Momentum - CARBO Ceramics Inc. (CRR) surprised on the Zacks Consensus Estimate by 13%. It was the third beat in a row for this Zacks #2 Rank (buy) as demand remains hot from the oil industry oil for CARBO's products. Read More...
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Value - Cato Corporation (CATO) fiscal 2010 Zacks Consensus has inched up by 3 cents to $1.92 per share in the last month for an earnings per share growth of 23.6% over 2009. The stock has been on a tear the last 2-years. 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 Energy Mutual Funds
Add energy to your portfolio with Fidelity Select Natural Gas (FSNGX), Putnam Global Natural Resources A (EBERX),Invesco Energy (FSTEX),Vanguard Energy (VGENX) and Aberdeen Natural Resources A (GGNAX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
W.W. Grainger (GWW)
Full Zacks research report: Read More...
- Bear Of The Day:
Jacobs Engineering (JEC)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Auto Industry Outlook and Review - Nov. 2010
To remain competitive, automakers will need to design vehicles that will meet the requirements of consumers in both mature and emerging markets. Read More...
- Goodrich (GR) Gets Lockheed Contract
- M&T's (MTB) Ratings Affirmed by Fitch
- Washington Post's (WPO) Profit Surges
ZACKS TVIntroducing 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
Companies "Buyback" Their Own Stock Read More...
PeopleAndPicks.com:
VIP "owltrades" is charting his way to profit with BUY calls in (CTD), (LNN), (PLD) and (RBN). Read More...
NEW ZACKS VIDEOS:
EARNINGS PREVIEW Heading for the Home Stretch
Earnings season is mostly over, but there are still earnings reports worth looking at. 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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