Dear Subscriber,

Though I have enjoyed working for Zacks and giving you insight about stocks and the economy, I have accepted an offer with another firm.

When I leave Zacks tomorrow, one of the things that I will take with me is a stronger appreciation of earnings estimate revisions.

As you know, at Zacks, we heavily promote the concept of following earnings estimate revisions. The philosophy is simple, buy when estimates are rising and sell when estimates are falling.

I believe in the power of earnings estimate revisions so much that I specifically discuss them in a book on investing which I am writing.

However, you do not have to wait for my book to find out how to harness the power of earnings estimate revisions. Steve Reitmeister (who will take over as Editor for this newsletter) has a great video explaining how to use them to your advantage.

Watch: Why the Zacks Rank Works

Thanks for being a subscriber,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
http://twitter.com/charlesrotblut

Today's Top Stories: Thursday- October 29, 2009

ZACKS RANK BUY STOCKS

• Aggressive Growth - Geokinetics Inc. (GOK) full-year Zacks Consensus Estimate is now 42 cents, up from 34 cents over the past 90 days. Next year's estimates are averaging 46 cents, rising 6 cents in the same time period. The growth rate for this year is 182% and next year's rate is 11%. Read More...
   
• Growth & Income - Wolverine World Wide Inc. (WWW) recently posted third-quarter earnings of 62 cents per share, eclipsing the Zacks Consensus Estimate by 11%. The company hiked its full-year earnings guidance, and analysts followed suit, lifting the Zacks Consensus Estimate to $1.74 per share from last month's $1.68. Shares spiked on the strong quarter, currently trading near a 52-week high. Read More...
   
• Momentum - Lam Research Corp. (LRCX) third-quarter earnings came in 8 cents ahead of the Zacks Consensus Estimate at 3 cents per share. Building on the positive momentum, the company said it expects shipments of $480 million in the fourth quarter, up from $355 million last year. Read More...
   
• Value - DTE Energy (DTE) raised its 2009 earnings guidance to the range of $3.20 to $3.40 from $2.75 to $3.05. The company attributed the increase to continued cost cutting and strong results from its non-utility operations. As a result, third quarter Zacks Consensus Estimate has risen 6 cents to 99 cents in the last 7 days. Read More...
   

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

• Best of Funds: Top Global Equity Funds
  Invest globally with ING Global Value Choice A (NAWGX), Janus Global Research A (JRGAX) and Ivy Cundill Global Value A (ICDAX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Intersil Corp. (ISIL)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Mack-Cali Realty (CLI)
  
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: U.S. Airlines Industry
  Though almost all carriers are expected to post negative earnings in 2009, we favor Southwest Airlines (LUV) and JetBlue (JBLU) going forward. Read More...
  
  
• Coca Cola Enterprises (CCE) Beats, Raises
• Strong 1st Quarter for DeVry (DV)
• Scientific Games (SGMS) Stock Takes Hits

• Putting IRA Withdrawals Back Into Your Account
• 7 Red Flags for Home Buyers

EDUCATION: Growth and Income

Check a Company's Debt Level Read More...

PeopleAndPicks.com:

VIP "OnIsandTrader" warns of a move from small caps.
"Small-cap growth and value stocks have taken a heavy beating over the past week relative to the bigger names comprising the S&P500...Not a good sign. Typically the small-cap indexes lead the larger... Read More...

• Growth & Income Stock Picks-Oct. 28, 2009
• Why the Zacks Rank Works
• Aggressive Growth Stock Picks-Oct. 27, 2009

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Regards and Happy Investing,

Charles Rotblut, CFA
Senior Market Analyst
Zacks.com

p.s. What is the mission for Zacks Profit from the Pros? To find out how we will help you become a more successful investor, click here.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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