The markets fell yesterday on fairly light volume. We are in a typical late-summer environment, and price volatility as we saw yesterday is not unusual for this time of year.

My advice is to let events unravel, while continuing to research new stocks. As I explain in this week’s Roundtable Review, Warren Buffett never stops looking for new investment opportunities, and neither should you.

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

Today's Top Stories: Tuesday- August 26, 2008

ZACKS RANK BUY STOCKS

• Aggressive Growth - Urban Outfitters (URBN) announced one of the best quarters in its history, including the fourth earnings surprise in as many quarters. Learn More...
   
• Growth & Income - QUALCOMM (QCOM) continues to trade near a 52-week high, and offers a dividend yield that is quite competitive. Learn More...
   
• Momentum - McMoran Exploration Co. (MMR) posted impressive second-quarter results in mid July. Analyst estimates continue to advance. Learn More...
   
• Value - Enterprise Products Partners (EPD) saw profits jump in the second quarter as its energy pipelines remain in demand. Learn More...
   

• Bull Of The Day: Celanese Corp. (CE)
  Full Zacks research report: Learn More...
  
• Bear Of The Day: Hibbett Sports (HIBB)
  Full Zacks research report: Learn More...
  
• Analyst Interview: Restaurants Add Low-Price Promotions
  To stem the traffic drain, most operators are running value promotions and have stepped up advertising while raising prices. We discuss MCD, BKC, YUM and BWLD. Learn more...
  
• Harmony Gold (HMY) Cutting Costs
• CarMax (KMX) Volumes Strengthening

EDUCATION: Value

Understanding Growth vs. Value Learn more...

BEST OF PEOPLE AND PICKS:

radmann1221, who ranks in the top 3% of stock pickers we track, made Buy calls on GME, PVA, PDLI and TRE on Aug 22. Don't miss this VIP's portfolio and comments. Learn More...

PROFIT TRACKS: Low Price Stocks

This strategy finds stocks at discount valuations with a positive trend in earnings estimates. Four stocks that pass this screen's test include IIIN, UAM, KNL and UTIW. Learn more...

$450 WEEKLY TRADING GAME WINNER ANNOUNCED:
Congratulations to "AlbertDillon" for winning this week’s Zacks Trading Game prize worth $450. If you haven't registered to play yet, then go to Playing Zacks Trading Game!

EARNINGS TRENDS: Q3 Earnings Expected to Look Like Q2

Energy and Tech are expected to show the highest growth; Financials and Consumer Discretionary to see big earnings drops. 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.
• Hot Stock Under $10: Paper company "Catches Fire," stock price set to soar, but it hasn't caught Wall Street's attention. Yet. Learn about this urgent opportunity, plus four others.

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Regards and Happy Investing,

Charles Rotblut, CFA
Senior Market Analyst
Zacks.com

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