The S&P 500 hit a 7-month high yesterday.
Why is the market continuing to race to new highs? What should you expect going forward? Steve Reitmeister, Kevin Matras and I tell you in this week's Roundtable Review.
As you know, two changes to the Dow Jones Industrial Average were announced yesterday. Cisco Systems (CSCO) and Travelers (TRV) will replace General Motors (GM) and Citigroup (C).
In doing so, Dow Jones missed a good opportunity to reposition the average for the changing global economy. I explain in our Analyst Blog.
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Tuesday- June 02, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Lincoln Educational Services Corp. (LINC) first-quarter results included record revenue of $118.6 million. Revenue rose 41% on a year-over-year basis. Earnings per share came in at an astounding 22 cents per share, 11 times the same period one year ago. Read More...
Growth & Income - J & J Snack Foods Corp. (JJSF) performed very well against the market over the past year, receiving an extra boost on strong second-quarter results. The company turned in earnings of 39 cents per share, an increase from last year's 21 cents and 56% ahead of the consensus estimate. Read More...
Momentum - Ross Stores Inc. (ROST) is trading near an all-time high on record results. The company recently announced record first-quarter net earnings of $91.4 million, compared to the year-prior $79.5 million. Read More...
Value - Par Pharmaceutical Companies, Inc. (PRX) reported first quarter results which easily surprised on Wall Street estimates by 81.48%. Adjusted earnings per share were 49 cents compared to 17 cents in the year ago period. Analysts were expecting just 27 cents. Read More...
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ZACKS MUTUAL FUND RANK
- Best of Funds: Top Real Estate Equity Funds
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BEST OF ZACKS EQUITY RESEARCH
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What is a “Margin of Safety”? Read More...
VIP "Jonock" is dealing in profit with BUY calls in (ACO), (LNT), (PBR) and (TTM). Read More...
NEW ZACKS VIDEOS:
EARNINGS TRENDS: Analysts Raising Their Sights
After a long steady rise from the depths of the abyss, positive revisions are now outnumbering negative revisions. Featured stocks are (HD), (LOW), (M) and (AIG). Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
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