Dow components Cisco Systems (CSCO), Kraft Foods (KFT) and Proctor & Gamble (PG) will be among the more than 870 companies reporting this week.
On Friday, we will get the July unemployment and nonfarm payroll numbers.
I list all of the week’s events, and tell you which companies could beat or miss expectations in the Earnings Preview for Aug 3 – 7.
Both new and existing home sales continue to improve and prices appear to be bottoming nationwide. Given this backdrop, is now the time to start looking at homebuilding stocks?
Tracey Ryniec tells you the answer.
Read: Should You Be Jumping Into the Homebuilders?
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Monday- August 03, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Carters Inc. (CRI) reported second-quarter results that included a 5.4% increase in sales, to $318 million. Net income skyrocketed to $11.3 million, up from $2.8 million. Earnings per share came in at 23 cents, more than 4 times the Zacks consensus estimate, which was 5 cents. Read More...
Growth & Income - Phillips-Van Heusen Corp. (PVH) is up about 23% since it was last featured as a Growth and Income pick in mid-June. That performance more than doubled the gains experienced by the broader market. The Zacks Consensus Estimate is on the rise ahead of PVH's earnings release in mid-August. Read More...
Momentum - O'Reilly Automotive Inc. (ORLY) second-quarter sales were up a whopping 78% from last year to $1.25 billion, largely due to the company's acquisition of CSK Auto. Earnings came in at 63, 8 cents ahead of the Zacks Consensus Estimate.
Value - RadioShack Corporation (RSH) is still an attractive value stock, with a forward P/E of 10.03. It has an outstanding 1-year return on equity (ROE) of 23.84%. As an added bonus, the company pays a dividend, with a current yield of 1.60%. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
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ZACKS MUTUAL FUND RANK
- Best of Funds: Top Financial Equity Funds
Add some financial exposure to your portfolio with Legg Mason Partners Financial Services A (SBFAX), Forward Banking and Finance A (HSSAX) and Alpine Dynamic Financial Services (ADFSX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
PERSONAL FINANCE: provided by Kiplinger.com
EDUCATION: Aggressive Growth
Beta: Measuring a Stock’s Volatility Read More...
VIP "harish63" finds bullish stocks with BUY calls in (AMZN), (EDC), (EMC) and (UCO). Read More...
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Charles Rotblut, CFA
Senior Market Analyst
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