Dear Subscriber,

Not only did the Fed keep interest rates unchanged, but it also issued the most upbeat statement in a long-time. Specifically, the Fed said that “economic activity has picked up”. It also opined that longer-term inflation expectations were “stable”,

Dirk van Dijk provides more detail about the Fed's statement on our Analyst Blog. He also suggests when we might see the first interest rate hike.

Read: Fed: Growth, No Near-Term Inflation


One of the reasons why the Fed is in no hurry to raise interest rates is that the economy continues to need government help. For example, new car sales are extraordinarily weak this month, running at about half the historical level.

I discuss the aftermath of the Cash for Clunkers program, and tell you which companies could actually benefit from it, in the Industry Rank Analysis.

Read: Clunker Crash for Car Dealers?

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

Today's Top Stories: Thursday- September 24, 2009

ZACKS RANK BUY STOCKS

• Aggressive Growth - Syntel, Inc. (SYNT) full-year estimates for this year and next have spiked. The Zacks Consensus Estimate for 2009 is now $2.43, up from $2.20. Estimates for next year are averaging $2.40, a slight dip year-over-year, but up from $2.11. Read More...
   
• Growth & Income - J & J Snack Foods Corp. (JJSF) continues to see bullish Zacks Consensus Estimates on strong fundamentals. Analysts are calling for 2009 earnings of $2.13 per share and 2010 earnings of $2.34, which translates into 10% growth. Read More...
   
• Momentum - Autoliv, Inc. (ALV) said it expects sales to improve in the 3rd quarter, with analysts projecting a return to profitability, targeting earnings of 22 cents per share. Even further out, the next-year estimate is bullish, pegged at $1.67. Read More...
   
• Value - Bucyrus International Inc. (BUCY) is trading with a price-to-book of 2.44. The company has a stellar 5-year average return on equity (ROE) of 23.30%. As an added bonus, the company pays a dividend with a current yield of 0.30%. Read More...
   

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

• Best of Funds: Top Income Equity Funds
  Own an income-generating portfolio with Parnassus Equity Income (PRBLX), Federated Equity Income A (LEIFX) and FAM Equity-Income (FAMEX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: China Fire & Security (CFSG)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Hain Celestial (HAIN)
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Coal Industry
  Our near-term (6-18 months) outlook for the coal industry has improved somewhat from our previous neutral sentiment to a more positive undertone. Stocks covered are (BTU), (ACI), (RTP) and (WLT). Read More...
  
  
• Fifth Third (FITB) Eyes FDIC Deals
• Synopsys (SNPS) Rides On Innovation
• Biogen (BIIB) Launches Hostile Bid

• The Social Security Catch-22
• Online Brokers Offer IPO Access

EDUCATION: Growth and Income

How to Use Zacks Rank #3 (Hold) Read More...

PeopleAndPicks.com:

Player "BSNBC" warns they're baaack. "according to Etrade CEO, daytraders are back. this usually means greed has returned and fear has subsided." Read More...

• Why the Zacks Rank Works
• Clunker Crash for Car Dealers?
• Aggressive Growth Stock Picks-Sep. 22, 2009

EARNINGS TRENDS: Revisions Ratios Slip Back

The ratio of estimate increases to cuts fell back for both years, but that is mostly because of fewer increases. Read More...

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Regards and Happy Investing,

Charles Rotblut, CFA
Senior Market Analyst
Zacks.com

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