Want to hear about a group with rising earnings estimates that you are probably not looking at?
Over the past 7 days, brokerage analysts have raised their full-year profit forecasts on several mutual fund and money management firms. More impressively, it looks like there is room for even more positive revisions.
I explain what is behind the improved expectations and tell you which companies are benefiting in this week’s Industry Rank Analysis.
Read: Forecasts Rising For Mutual Fund Managers.
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Thursday- June 18, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Citi Trends, Inc. (CTRN) reported an 18% year-over-year increase in sales totaling $143 million, up from $121 million. Net income was up 52% to $7.9 million, up from $5.2 million. This translated to $0.54 per share, up from $0.36 in the same period last year. Read More...
Growth & Income - Strayer Education, Inc. (STRA) has seen solid share price advances against the broader market. The company has also been the subject of higher estimate revisions on a record first quarter. Read More...
Momentum - PF Chang's China Bistro Inc. (PFCB) first quarter income was up an impressive 33% to $13.7 million, producing earnings of 56 cents, well ahead of the consensus of 33 cents. It was the fourth time in the last four quarters that the PF Chang's has surprised and beat estimates. Read More...
Value - Corrections Corporation of America (CXW) reported first quarter 2009 results that surprised on analysts' estimates by 11.54%. Earnings per share were 29 cents compared to Wall Street estimates of 26 cents per share.Revenue rose 6.5% to $404.2 million from $379.4 million during the year ago quarter. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
ZACKS MUTUAL FUND RANK
- Best of Funds: Top Real Estate Funds
Checkout Thrivent Real Estate Securities A (TREFX), Dryden Global Real Estate A (PURAX) and Global Real Estate Securities A (POSAX) for exposure to real estate investments. Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
PERSONAL FINANCE: provided by Kiplinger.com
EDUCATION: Growth and Income
How Strong is Company Management? Read More...
Player "Neurodoc" cautions using stop-buys."This was a $2000 lesson for me: before trading opened yesterday I put in a stop-buy order (8.7) for CKEC...Official price range was 8.32-7.14 on >400,000 yesterday but my 8.7 stop buy was filled (!!)..." Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
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