Dear Subscriber,

Stocks dropped yesterday in reaction to a combination of factors, including bad earnings news, downgrades of Citigroup (C) and General Motors (GM) and oil crossing above $140 per barrel.

Energy, financials and technology are the three biggest sectors within the S&P 500. The ongoing financial crisis and ever-climbing crude prices have forced brokerage analysts to constantly revise their earnings estimates on both banks and oil companies. Though the revisions have been in different directions - down for banks and up for oil companies -the combination has made it very difficult to determine fair value for the S&P 500.

The cautious outlook from Oracle (ORCL) and disappointing guidance from Research In Motion (RIMM) only added to the uncertainty, as market observers will now ponder the outlook for other technology companies.

I understand that the current market environment is disconcerting, but uncertainty often breeds opportunity. Therefore it is critical that you continue to research stocks. Even if you don’t feel comfortable making any new investments today, it makes a lot of sense to have a constantly updated list of stocks that you would buy if the price were right. I personally never stop screening for new ideas, regardless of what the market is doing.

Remember, investing is about long-term returns, not daily swings. If you continue to look for good companies with rising earnings estimates and reasonable valuations, then you will increase your wealth.

Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor
Profit From the Pros

Today's Top Stories: Friday- June 27, 2008

ZACKS RANK BUY STOCKS

• Aggressive Growth - CIRCOR International (CIR) reported another healthy quarter in which income was up sharply. The stock looks attractively valued. Learn More...
   
• Growth & Income - Comfort Systems USA's (FIX) most recent income payout was a quarterly dividend of $0.045 per share, which equates to a yield of 1.4%. Learn More...
   
• Momentum - Monsanto (MON) reported outstanding third-quarter results in which profit rose 42% from last year. Shares are currently trading at a premium to the market. Learn More...
   
• Value - Talisman Energy (TLM) has surprised on estimates in two out of the last four quarters. Talisman has a forward P/E
  of 10.89. Learn More...
   

PROFIT TRACKS: EARNINGS AND MARGINS

This strategy combines solid earnings with a healthy net profit margin. Four stocks that pass this screen's test include ADDYY, THS, GLT and UWBK. Learn more...

ANALYST BLOG:

• Dow Chemical (DOW) Trying to Pass Along Costs
• Hold 3Com (COMS) on Valuation
• Sara Lee (SLE) Gaining Traction

ZACKS ANALYST INTERVIEW: Coal to Keep on Cooking

BTU, CNX and ACI should grow earnings by at least 100% in 2009 compared to 2008, but there is still significant opportunity and upside remaining. Learn more...

BULL OF THE DAY:

ReneSola, Ltd. (SOL)
Full Zacks research report: Learn More...

BEAR OF THE DAY:

Centennial Communications (CYCL)
Full Zacks research report: Learn More...

EDUCATION: Momentum

The Trend is Your Friend: Learn more...

BEST OF PEOPLE AND PICKS:

sporthunter expects a nice steady climb from Titanium Metals (TIE) and believes that Crown Media Holdings (CRWN) is set for another upswing. Take a look at this player's complete portfolio and comments:Learn More...

OTHER ZACKS RESOURCES:

• Read current and past issues of this newsletter online
• Zacks.com Home Page
• All Zacks #1 Rank Buy Stocks (Premium)
• Zacks Elite narrows down Zacks Equity Research recommendations into three focused portfolios.
• Zacks Value Trader: Get into stocks just as Wall Street is beginning to recognize their real worth.

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Regards and Happy Investing,

Charles Rotblut, CFA
Senior Market Analyst
Zacks.com

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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