Dear Subscriber,

The Fed made no changes to its policy yesterday, nor did it hint at any future rate hikes. It did however, acknowledge the comparative improvement that has occurred in economic conditions.

My colleague, Dirk van Dijk, breaks down the Fed's statement in our Analyst Blog.

Read: Parsing the Fed's Statement

In this week's Industry Rank Analysis, I preview second-quarter earnings. Not only do I tell you which industries should show growth, and which should not, I also name 2 groups that could deliver positive surprises.

Read: Second-Quarter Earnings Outlook

Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros

Today's Top Stories: Thursday- June 25, 2009

ZACKS RANK BUY STOCKS

• Aggressive Growth - TD AMERITRADE Holdings Corp. (AMTD) net income came in at $132 million, or 23 cents per share, meeting analysts' expectations for the second consecutive quarter. Forecasts for next year are averaging $1.24, which is up 11 cents over the past 3 months. Read More...
   
• Growth & Income - Best Buy Co. Inc. (BBY) recently declared a dividend of 14 cents per share, noting that it is payable on July 28 to shareholders of record as of the close of business on July 7. The retailer offers an industry-leading yield of 2%. Read More...
   
• Momentum - Global Partners LP (GLP) income was up big, coming in at $18.9 million compared to $8.6 million last year, producing earnings of $1.40 per share, 59 cents ahead of the consensus. Read More...
   
• Value - Wonder Auto Technologies Inc. (WATG) reported first quarter results and continued with its string of surprises as it beat Wall Street estimates by 26.67%. Earnings per share were 19 cents compared to analysts' estimates of 15 cents. Read More...
   

Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...

• Best of Funds: Top Corporate High Yield Fixed Income Funds
  Generate more income from your portfolio with Iron Strategic Income (IFUNX), Wilmington Broad Market Bond A (WBRBX) and Janus Adviser Flexible Bond A (JDFAX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Kroger (KR)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Gerdau S.A. (GGB)
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Coal Industry
  Although the rest of 2009 is likely to continue on a path of weak steel and electricity demand relative to 2008 levels, several factors should help lift the coal producers in 2010. We discuss Peabody (BTU), Arch Coal (ACI), Rio Tinto (RTP)... Read More...
  
  
• Darden (DRI) Has Value in Tough Sector
• Ultimate Software (ULTI) Deserves Its Premium
• Mechel OAO (MTL) Gets Going-Concern Clause

• An Annuity That Pays Now and Forever
• Health Savings Account Rules for Retirees

EDUCATION: Growth and Income

Figuring the Return on Assets Read More...

PeopleAndPicks.com:

Player "BSBC" cannot locate any good buys. "at least for me, I'm not finding any interesting stocks at this level. stocks look expensive, even at their 50 day averages". Read More...

• No Change By Fed
• Second-Quarter Earnings Outlook
• Screening Tutorial on Zacks.com

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Regards and Happy Investing,

Charles Rotblut, CFA
Senior Market Analyst
Zacks.com

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