Dear Subscriber,

Early profits, thanks to solid ADP jobs report and Fed Statements, gave way to late day declines. Net result = breakeven finish.

What will break this stalemate between bulls and bears? More convincing proof of whether we have a true and lasting recovery or we succumb to a double dip recession? Until one case proves out, expect more of the same trading range volatility.

Hey, be sure to check out Kevin Matras' latest investment strategy using the PEG ratio (which is also my favorite value metric). Strategy details and a few prime picks await you in the Screen of the Week.

Read: PEG Ratio

Also Dirk van Dijk shares his views on yesterday's Fed statements in the Analyst blog.

Read: The Fed Stays on Easy Street

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Thursday- November 05, 2009

ZACKS RANK BUY STOCKS

• Aggressive Growth - TeleTech Holdings, Inc. (TTEC) earnings per share of 32 cents, 9 cents higher than the Zacks Consensus Estimate. Revenues were down considerably, but the gross margin improved 3.3% to 30.9%. Free cash flow for the quarter grew 7% to $54 million, since the same period last year. Read More...
   
• Growth & Income - Perrigo Company (PRGO) recently reported record fiscal first-quarter earnings of 65 cents per share, topping last year's 41 cents and exceeding the Zacks Consensus Estimate of 47 cents. Revenue jumped 16% year-over-year. The company hiked its fiscal year guidance to a range of $2.35 - $2.45 per share from a previous range of $2.00 - $2.12. Read More...
   
• Momentum - DeVry, Inc. (DV) surprised the Street on Oct 27 with better than expected first-quarter results. Earnings came in strong at 76 cents per share, 11 cents ahead of the Zacks Consensus Estimate. DeVry has beat or matched in each of the last four quarters by an average of 6 cents, or 10%. Read More...
   
• Value - Harbin Electric Inc. (HRBN) third quarter Zacks Consensus Estimate has been holding firm at 31 cents over the last 60 days. However, the 2009 Zacks Consensus has jumped 11.3% to $1.28 per share over the last month. Analysts are also bullish on 2010, projecting a 30.98% increase in EPS to $1.67. Read More...
   

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

• Best of Funds: Top Corporate High Yield Funds
  Looking for high yielding funds? Consider Rydex/SGI High Yield A (SIHAX), Nuveen Preferred Securities Fund A (NPSAX) and Aegis High Yield (AHYFX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Novatel Wireless (NVTL)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Corp. Executive Board (EXBD)
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Alternative Energy
  Earlier this year, quite a few alternative energy companies were in the trough. These companies have recovered from their lows. Opportunities include (SOLF) and (RTK). Read More...
  
  
• El Paso (EP) Tops, Ups Guidance
• Marsh & McLennan (MMC) Surpasses
• The GOP's Health Care Plan

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

EDUCATION: Growth and Income

When You Should "Buy and Hold" Read More...

PeopleAndPicks.com:

Player "ladyfriend2" says watch the "snap". "Chart Industries (GTLS) at last look was around 19.13. As I've said before this thing is like a BuNgEE Cord. Stretch it too far in either direction and snaps back! It is dropping like a stone yet..." Read More...

• Growth & Income Stock Picks-Nov. 4, 2009
• Zacks Rank Wrong 44% of the Time
• Aggressive Growth Stock Picks-Nov. 3, 2009

EARNINGS TRENDS: Positive Surprises Lead to Estimate Hikes

Analysts are raising more than three 2009 estimates for each one they cut. Stocks covered include (TXT), (DOW), (SNDK) and (PNC). Read More...

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Regards and Happy Investing,

Charles Rotblut, CFA
Senior Market Analyst
Zacks.com

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