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The major indexes closed at new 52-week highs yesterday, as traders remained optimistic about the economic recovery.
Despite the optimism, not everything is right with the economy. In fact, there are things that could go bump in the night.
Steve Reitmeister, Kevin Matras and I discuss what economic "boogeymen" are looming on the horizon that could stop this market rally in its tracks.
Watch: Stock Market Boogeymen
Speaking of Boogeymen, another bank failed last week.
U.S. regulators seized San Joaquin Bank of Bakersfield, CA, bringing the total number of failures to 99 this year.
Find out what this latest seizure means to the FDIC and the banking system overall in our Analyst Blog.
Read: U.S. Bank Failures Reach 99 in ’09
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Tuesday- October 20, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Cantel Medical Corp. (CMN) reported fourth-quarter results including a 65% jump in net income, to $4.3 million. Earnings per share came in at 26 cents, 4 cents higher than the Zacks Consensus Estimate and 10 cents higher than the same period last year. Read More...
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Growth & Income - Avon Products Inc. (AVP) is seeing bullish earnings estimates ahead of reporting next week. The full-year Zacks Consensus Estimate of $1.66 per share is up 5 cents over the past 90 days. For 2010, analysts polled by Zacks are projecting earnings of $2.11 per share, versus last month's $2.08 and the 3 months-ago forecast of $1.95. Read More...
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Momentum - Bio-Rad Laboratories, Inc. (BIO) second quarter earnings came in strong at $1.37 per share, 34 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last 3 quarters by an average of 25%. Read More...
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Value - Par Pharmaceutical Companies, Inc. (PRX) analysts are becoming more bullish on Par as the third quarter earnings report scheduled for Nov 5 approaches. In just the last week, 3 out of 8 covering analysts have raised estimates by 3 cents to 47 cents per share. That is a 74% increase in the estimate in the last 3 months. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
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ZACKS MUTUAL FUND RANK
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BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Pozen, Inc. (POZN)
Full Zacks research report: Read More...
- Bear Of The Day:
Rite Aid Corp. (RAD)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Restaurant Industry
The U.S. restaurant industry, which constitutes fast food, casual dining and upscale chains, is facing its toughest times in three decades. Stocks covered are (BJRI), (BWLD), (DRI), (MCD). Read More...
- Citi (C) May Need to Sell Off Banamex
- GMX (GMXR) to Sell Stake to Kinder Morgan
- Avnet (AVT) Expands in China
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EDUCATION: Value
Checking the Price-to-Book Ratio Read More...
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VIP "harish63" finds profit targets with BUY calls in (ITB), (MOT), (URE) and (XBI). Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
Zacks.com
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