Dear Subscriber,

Fears that the Chinese government will cut back on its stimulus spending led to a 6.7% plunge in the Shanghai index. The drop caused weakness worldwide.

Is the correction in China a bad sign for the U.S.? Or, will our economy and stock market continue to rebound?

Kevin Matras, Tracey Ryniec and I explain what impact China may or may not have in this week's Roundtable Review.

Watch: Is China Cause for Concern?


The news was not all bad yesterday. In fact, a big merger in the oilfield services industry was announced with Baker Hughes (BHI) intending to acquire BJ Services (BJ).

Zacks Equity Research published a good note about the merger and the benefits it could create in our Analyst Blog.

Read: Baker Hughes to Buy BJ Services

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

Today's Top Stories: Tuesday- September 01, 2009

ZACKS RANK BUY STOCKS

• Aggressive Growth - Apollo Group, Inc. (APOL) now has 420,700 students. The increased student drove revenues 26% higher to the company's first ever $1 billion quarter. Earnings came in at $1.26, beating the Zacks Consensus Estimate by 13 cents. This was Apollo's fourth consecutive earnings surprise. Read More...
   
• Growth & Income - Lancaster Colony Corporation (LANC) recently announced fiscal fourth-quarter earnings of $1.01 per share, coming in well ahead of the previous year's 37 cents and exceeding the Zacks Consensus Estimate by 33%. Lancaster also recently declared a quarterly dividend 28.5 cents per share, which translates into an industry-leading yield of 2.3%. Read More...
   
• Momentum - Autonation, Inc. (AN) earnings came in ahead of expectations at 29 cents per share, 5 cents better than the Zacks Consensus Estimate. Analysts like what they see and added 11 cents to the current year climbing to $1.05 per share. The next-year estimate is pegged at $1.22, a bullish 17% growth projection. Read More...
   
• Value - Watson Wyatt Worldwide Inc. (WW) reported its fiscal fourth quarter 2009 and surprised on the Zacks Consensus Estimate by 15.94%. Earnings per share were 80 cents compared to the Zacks Consensus Estimate of 69 cents. The company is continuing its tremendous history of 14 beats in a row. Read More...
   

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

• Best of Funds: Top Growth Equity Fund
  Ready for Growth? Checkout Reynolds Blue Chip Growth (RBCGX), Monteagle Informed Investor Growth (MIIFX) and Counterpoint Select (CPFSX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: CNOOC, Ltd. (CEO)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: China Eastern Airlines (CEA)
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Retail Industry
  The strong relative performance of retailing stocks thus far has been due to low expectations, "less bad" sales declines and cost cutting efforts. We discuss Whole Foods (WFMI), Winn-Dixie (WINN) and Safeway (SWY). Read More...
  
  
• Arch Coal (ACI) Extends Credit Line
• Plains All American (PAA) Buys Out Gas Storage Unit
• Citi (C) Finds Bids for Japanese Arm

• Your Retirement: Create a Plan B
• Charitable Giving in Rocky Times

EDUCATION: Value

How to Use the Price-to-Earnings Ratio Read More...

PeopleAndPicks.com:

VIP "Fliujniligui" is spelling out a profitable portfolio with BUY calls in (BMA), (MVL), (NEMFF) and (TEX). Read More...

• Value Stock Picks-Aug. 31, 2009
• Is China Cause for Concern?
• Two Bullish Strategies

OPTIONS COMMENTARY: Betting on a Mammoth Move for Verizon (VZ)

Are the shares of Verizon Communications (VZ) on the verge of a significant price swing?
Read More...

PROFIT TRACKS: Growth and Income

This strategy helps investors find solid companies paying great dividends. Stock covered this week are (BX), (NYP), (HTS) and (DEP). Read More...

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Regards and Happy Investing,

Charles Rotblut, CFA
Senior Market Analyst
Zacks.com

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