Dear Subscriber,

Third-quarter earnings season starts this afternoon. How earnings, and more importantly, revenues are judged will be paramount to the future direction of the market.

What should you expect? Steve Reitmeister, Kevin Matras and I weigh in with our views.

Watch: The Importance of Q3 Earnings


Though yesterday’s rally was great, overall market volume could have been much better.

However, some stocks did move higher on strong volume. Kevin Matras believes this is a key characteristic to have your in favor, because it could mean that buyers are coming in and short sellers are giving up.

Kevin explains further, and gives you 5 stocks, in the Screen of the Week.

Read: Weekly Price and Volume

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

Today's Top Stories: Wednesday- October 07, 2009

ZACKS RANK BUY STOCKS

• Aggressive Growth - Cnoon Ltd. (CEO) full-year forecasts have skyrocketed. The Zacks Consensus Estimate for this year is now $9.39, up from $7.27. Estimates for next year are averaging $13.29, up from $10.17. Compare these levels to the 14 cents earned last year. Read More...
   
• Growth & Income - Carlisle Companies Inc. (CSL) is outpacing the market and seeing bullish Zacks Consensus Estimates ahead of reporting. Full-year projections of $1.83 per share jumped from $1.43 over the past 3 months. CSL reports on Oct 20. Read More...
   
• Momentum - Dow Chemical Co. (DOW) current-year estimate is a slightly anemic 27 cents, but with optimism abound, the next-year estimate is very bullish, pegged at $1.14, a 317% growth projection. Based on the more bullish next-year estimate, this stocks has a P/E multiple of 21X, a premium to the overall market. Read More...
   
• Value - Odyssey Healthcare, Inc. (ODSY) surprised on estimates 3 out of the last 4 quarters by an average of 29.37%. It is attractively valued with a forward P/E of 12.3 and has a price-to-book ratio of 1.87. The company also delivers a solid 5-year average return on equity of 13.93%. Read More...
   

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

• Best of Funds: Top International Bond Funds
  Go international with Loomis Sayles International Bond (LSIAX), Putnam Global Income A (PGGIX) and Goldman Sachs Global Income A (GSGIX). Read More...
  
• Best Of Fund Family
  Rydex offers a myriad of outstanding funds, including Zacks Mutual Fund #1 Rank (Strong Buy) picks like the Rydex Inverse S&P 500 Strategy Inv (RYURX), Rydex Transportation Inv (RYPIX) and Rydex Electronics Inv (RYSIX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Tiffany & Co. (TIF)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Developers Diversified (DDR)
  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...
  
  
• European Nod for Bristol (BMY) Drug
• ANADIGICS (ANAD) Outsources to WIN
• ProLogis (PLD) Reports on South Korea

• Make the Most of Your Benefits
• 7 Deadly Sins of Investing

EDUCATION: Aggressive Growth

Incorporating Value into Growth Investing Read More...

PeopleAndPicks.com:

VIP "harish63" charges ahead with BUY calls in (ERX), (ITB), (TNA) and (URE) Read More...

• The Importance of Q3 Earnings
• Weekly Price and Volume
• Momentum Stock Picks-Oct. 1, 2009

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Regards and Happy Investing,

Charles Rotblut, CFA
Senior Market Analyst
Zacks.com

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