Yesterday, the Dow staged its second-largest rally ever, gaining 889 points. Though positive, it is important to realize that the risk of further downside remains.
Therefore, you should continue to be selective about what stocks to buy.
To help you find true bargains, Kevin Matras has created a screen to pinpoint stocks that have been knocked down by the volatile markets, but have a lot of upside potential:
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Wednesday- October 29, 2008
ZACKS RANK BUY STOCKS
- Aggressive Growth - G-III Apparel Group (GIII) is expected to report impressive earnings growth in a very difficult sector. Shares are currently cheap as the PEG is near 0.4. Learn More...
Growth & Income - Raytheon (RTN) recently announced that third-quarter EPS of $1.01 exceeded the consensus by 5%. Net sales of
$5.9 billion jumped 12% year-over-year. Learn More...
Momentum - Matrix Service Company's (MTRX) share price appears to have found a short-term bottom, rebounding from a key level and climbing more than 50% in the last 3 weeks. Learn More...
Value - Amgen (AMGN) recently raised 2008 EPS guidance after strong sales in its third-quarter. The company has surprised on estimates 4 consecutive quarters by an average of 10.68%. Learn More...
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BEST OF ZACKS EQUITY RESEARCH
EDUCATION: Aggressive Growth
Earnings Estimates Primer. Learn more...
NEW ZACKS VIDEOS:
"smallstk" recently made a Buy call on NDN due to "high earnings growth." Other Buy calls have included IAG, AMZN and CHD. smallstk is rated in the top 1% of stock pickers we track, and you can take a look at this player's portfolio here. Learn More...
OPTIONS COMMENTARY: United Technologies Corporation (UTX)
The company is examined using the Unusually High Options Volume screener. 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 AVCT, JDAS, TNCC and POM. Learn more...
OTHER ZACKS RESOURCES:
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
p.s. What is the mission for Zacks Profit from the Pros?
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