This week's events include a Fed meeting (Tuesday), quadruple witching (Friday) and earnings reports from 15 S&P 500 companies.
The Fed is likely to cut interest rates by 75 basis points. There is a small possibility of a 50-basis point cut, though I think the Fed will cut by 75.
We will see several early fourth-quarter reports this week, including numbers from Best Buy (BBY), FedEx (FDX), Goldman Sachs (GS), Lennar (LEN) and Oracle (ORCL).
Find out who could surprise in Earnings Preview:
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Monday- December 15, 2008
ZACKS RANK BUY STOCKS
- Aggressive Growth - Thoratec (THOR) is coming off of an excellent quarterly announcement that showed a spike in revenue and another earnings surprise. Learn More...
Growth & Income - McDonald's (MCD) continues to fire on all cylinders, trading about 11% higher than it was in late November when previously featured as a Growth and Income pick. Learn More...
Momentum - Capital Federal Financial (CFFN) continues to distinguish itself from its financial brethren by avoiding toxic assets and growing its earnings. The company reported excellent full-year results on Nov 12. Learn More...
Value - Corn Products International (CPO) reported record third-quarter earnings on Oct 24, and also raised its 2008 full-year guidance. The comapny's value fundamentals remain intact. Learn More...
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BEST OF ZACKS EQUITY RESEARCH
INVESTMENT IDEAS: Capitalizing on the Infrastructure Stimulus.
With Obama's push for an economic stimulus through infrastructure, there are plenty of companies that are poised to reap the benefits. Read about URS, FLR and MTZ. Learn more...
EDUCATION: Aggressive Growth
Earnings Estimates Primer. Learn more...
"uwpltre" has made two Buy calls so far in December: QLD and SOHU. This player is ranked in the top 1% of stock pickers we track. Learn More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
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