With market rallying, it is easy not to give your portfolio a thorough review.
However, as Kevin Matras explains, that would be a mistake. Instead, you should look at each stock and, if something has changed, consider selling it. After all, there is always another good stock to consider buying in the market. Kevin names five such stocks in the Screen of the Week.
Read: Pay Attention
Speaking of the rally, I am a skeptic.
Though stocks are higher, full-year forecasts for the S&P 500 are not. This calls into question just how widespread those green shoots really are.
I explain my concerns in our Analyst Blog.
Read: Why Aren't Profit Forecasts Higher?
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor
Profit From the Pros
Today's Top Stories: Wednesday- August 05, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - MWI Veterinary Supply Inc. (MWIV) revenue was up 19% to $248 million on a year-over-year basis. Net income spiked 22% to $6.6 million. (MWIV) reported earnings per share of 54 cents, beating the Zacks consensus estimate by a dime. This was the third consecutive surprise.
Growth & Income - Raytheon Company (RTN) recently posted second-quarter earnings of $1.24 per share, topping the year-prior $1.00 and exceeding the Zacks Consensus Estimate by 10%. Read More...
Momentum - Stone Energy Corp. (SGY) earnings came in at 65 cents per share, far ahead of the Zacks Consensus Estimate of 10 cents. The current year estimate is up $1.25 per share to 53 cents per share. The next-year estimate is projecting 13% earnings growth. Read More...
Value - Flowserve Corporation (FLS) recently raised its full year guidance after sales rose 6% from the first quarter. The company has surprised on estimates 4 quarters in a row by an average of 7.84%. FLS has a forward P/E of 11.4. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
No Wonder It Closed to New Investors
Even while the market plunged -33.8%, Zacks' private value stock strategy GAINED +12.3%. Understandably, it became too popular and membership was restricted. Now it's re-opening for a limited time. But you must move quickly to get in.
Learn more >>
BEST OF ZACKS EQUITY RESEARCH
PERSONAL FINANCE: provided by Kiplinger.com
EDUCATION: Aggressive Growth
Basics of a Business Model Read More...
VIP "EyePhone" is hitting the mark with BUY calls in (CBT), (MI), (OMX), and (SGY). Read More...
NEW ZACKS VIDEOS:
Visit the Zacks.com Facebook page and get the latest insight on stocks and the market:
Zacks On Facebook
Get the Zacks.com newsfeed delivered straight to your Twitter account:
Zacks On Twitter
OTHER ZACKS RESOURCES:
Manage your Profit from the Pros subscription:
If you enjoy this e-mail newsletter, then please pass it along to a friend. Simply forward them the link below to sign up for their own free subscription. THANKS!
Refer a Friend
Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
p.s. What is the mission for Zacks Profit from the Pros?
To find out how we will help you become a more successful investor, click here.