This will be a holiday-shortened week with the U.S. markets closed on Friday. As a result, I expect volume to be light.
However, there will be some important economic data released, including June unemployment and non-farm payrolls (Thursday morning).
We will also receive profit reports from 19 companies, including 4 members of the S&P 500. Find out who could surprise in Earnings Preview for Jun 29-Jul 3.
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Monday- June 29, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Priceline.com (PCLN) released first quarter results that beat analysts' expectations for the third time in a row. Net income was 83 cents, while analysts were expecting just 73 cents. This 18% surprise was the third consecutive surprise. Read More...
Growth & Income - Ross Stores Inc. (ROST) has been beating the market since we last covered it as a Growth and Income pick. The company also continues to see bullish forecasts from analysts, including a full-year earnings growth expectation of 16%. Read More...
Momentum - AngloGold Ashanti Ltd. (AU) first quarter income was up huge from last year, coming in at $150 million from a loss of $17 million. Earnings totaled 42 cents per share, up from a 5 cent loss last year. Read More...
Value - Forest Oil Corporation (FST) reported first quarter results that surprised on estimates by 70.59%. Adjusted earnings per share were $27.9 million, or 29 cents. Analysts' expected 12 cents. Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
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