Yesterday, in addition to cutting the fed funds target rate to a historic low, the Fed outlined additional steps to ease the credit crunch and restore economic growth.
As I explained on our blog, yesterday's statement from the Fed was an acknowledgement that other measures are needed:
Zacks Equity Research financial analyst Eric Rothman also opined on our blog. He believes that lending practices are more important than the fed funds rate:
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor
Profit from Pros
Today's Top Stories: Wednesday- December 17, 2008
ZACKS RANK BUY STOCKS
- Aggressive Growth - Monsanto (MON) is heading into its next earnings announcement with estimates on the rise. Shares are trading at solid valuations. Learn More...
Growth & Income - Casey's General Stores (CASY) recently delivered a solid fiscal second quarter in the face of a difficult environment. Analysts are hinting toward more growth going forward. Learn More...
Momentum - Almost Family (AFAM) has been on a big rally since early summer, advancing along a longer-term trend line that is still very much in play. Learn More...
Value - Powell Industries (POWL) recently reported record orders, revenue and earnings per share in fiscal 2008. It is heading into fiscal 2009 with a solid backlog of orders. Learn More...
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BEST OF ZACKS EQUITY RESEARCH
EDUCATION: Aggressive Growth.
Earnings Manipulation. Learn more...
NEW ZACKS VIDEOS:
"smallstk" recently made a Buy call on COGT because its "earnings growth looks good". This VIP also picked up SNDA. Learn More...
SCREEN OF THE WEEK: The Difference Between Your Best and Worst Stocks.
Kevin Matras explains how to define winning stocks, and then shows how to find them. Read about ALK, DLTR, GVA, SXCI and WPP. Learn more...
OPTIONS COMMENTARY: U.S. Bancorp (USB).
Bullish options bettors recently battled bears for this financial firm. Learn More...
PROFIT TRACKS: High Rank Value.
This strategy pinpoints value stocks that are also good bargains with real potential for earnings improvement. Four stocks featured include IDA, ANH, FFIC and GR. Learn more...
OTHER ZACKS RESOURCES:
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
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