Dear Subscriber,
This will be our first busy week for earnings, with 29 S&P 500 companies reporting.
Though the number may sound small, many of these are sector leaders, such as Google (GOOG), Goldman Sachs (GS) and Johnson & Johnson (JNJ). Therefore, I expect the markets to react to these numbers.
There will also be a fair amount of economic data released. The most important report could be the minutes from the last Fed meeting, which will be published on Wednesday afternoon.
To see the entire calendar and see which 5 companies could surprise, read Earnings Preview for Oct 12 – 16.
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Monday- October 12, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Omnova Solutions Inc. (OMN) posted its third consecutive earnings surprise. Earnings per share came in at 24 cents, more than twice the 11 cents analysts predicted. Net income surged $7.0 million to $10.1 million since the same period last year. Read More...
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Growth & Income - Tim Hortons Inc. (THI) Zacks Consensus Estimate is up a penny for both periods to $1.67 and $1.86, respectively. These levels are good enough for year-over-year growth of 8% and 11%. Read More...
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Momentum - Monro Muffler Brake Inc. (MNRO) second-quarter sales were up 6% from last year to $128 million. Income came in at $9.4 million, producing earnings of 46 cents per share, beating the Zacks Consensus Estimate by one penny. A steady player in a volatile market, Monro has surprised in each of the last 4 quarters by an average of 2 cents, or 4%. Read More...
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Value - FUQI International, Inc. (FUQI) is trading with a forward P/E of 14.05 and has a PEG ratio of just 0.51. The price-to-book ratio has jumped to 4.12 compared with just 2.08 in June which would make it a slightly more expensive stock for this parameter. Read More...
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ZACKS MUTUAL FUND RANK
- Best of Funds: Top Diversified Bond Funds
Some of the top-performing "Diversified Bond" fixed-income mutual funds include PIMCO Fundamental Advantage Total Return A (PTFAX), Delaware Extended Duration Bond A (DEEAX) and Frontegra Columbus Core Plus (FRTRX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Pozen, Inc. (POZN)
Full Zacks research report: Read More...
- Bear Of The Day:
Hain Celestial (HAIN)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Electrical Products
The U.S. Electrical Products industry is highly fragmented, with the largest suppliers together accounting for only a small percentage of total sales. Stocks covered are (HUB.B), (TNB), (WCC), (GWW) and (AXE). Read More...
- Glaxo (GSK) Expands Presence in China
- Lockheed (LMT) Lands Army Contract
- Duke’s (DUK) Coastal Wind Pilot Project
INVESTMENT IDEAS: A Consumer Driven Recovery?
Consumer stocks may hold the key to the market's future. We like (DPZ), (KIRK) and (FUQI). Read More...
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EDUCATION: Aggressive Growth
Earnings Estimates Primer Read More...
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PROFIT TRACKS: Recent Price Strength
This strategy helps investors find those stocks trading in the upper ranges of their 52 week highs. Stocks covered are (GRA) (WWIN), (CPBY), (IMA). Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
Zacks.com
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