Dear Subscribers,
The classic Santa Claus rally has two clear markers. First, and obviously, is to have an up market (check). Second is to do it on light volume (check). Meaning there really is no new information to support the move. It's just the "merriness" of the season that makes it hard to feel negative. So stocks drift higher. I suspect there is more of this to come. Fra la, la, la, la….la, la, la, la.
Last week my fellow Roundtable panelists and I took a look back at 2009 and the lessons learned. Now we turn our gaze forward and discuss our expectations for 2010. Enjoy!
2010 Outlook Part 1: Market Predictions 2010 Outlook Part 2: Favorite Stock Picks
Best,
Steve Reitmeister Executive VP, Zacks Investment Research Today's Top Stories: Tuesday- December 22, 2009 ZACKS RANK BUY STOCKS
- Aggressive Growth - Lumber Liquidators, Inc. (LL)saw third-quarter sales rose 14%, to $141 million. Net income came in at $7.8 million, or 28 cents per share topping the Zacks Consensus Estimate of 23 cents. The company has beat expectations for the fifth time in a row. Read More...
- Growth & Income - Coach, Inc. (COH)continues to see bullish earnings forecasts on strong fundamentals and solid momentum. The full-year Zacks Consensus Estimate of $2.07 per share is up 6% over the last 60 days. During the past year, shares more than doubled the market's return, currently trading near a 52-week high.Read More...
- Momentum - The Dress Barn, Inc. (DBRN) Q3 results included 7% sales growth from last year to $404 million. Earnings came in at 37 cents, 4 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last 3 quarters by an average of 15%.Read More...
- Value - Lubrizol Corporation(LZ) 2009 earnings are expected to grow 78.64%. It has a price-to-book ratio of 2.42. Lubrizol boosts a strong 5-year average return on equity (ROE) of 14.47% and also pays a dividend with a current yield of 1.70%.Read More...
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- Best of Funds: Top European Equity Funds
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See all the great mutual fund resources. BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day: Lincoln Electric (LECO)
Full Zacks research report: Read More...
- Bear Of The Day: The Andersons (ANDE)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Non-US Banks Stock Review - Dec. '09
Although non-U.S. banks are still dealing with liquidity and confidence challenges, governments have taken several steps to alleviate the sector, as banks are the lifeblood of the economy. We recommend (SAN), (CS), (DB), (HBC) and (BCH). Read More...
- U.S. Rig Count Jumps by 32
- Amgen (AMGN) Closer to Prolia Approval
- Alcoa (AA) Signs Saudi Agreement
PERSONAL FINANCE: provided by Kiplinger.comEDUCATION: Value
Factoring in IntangiblesRead More... PeopleAndPicks.com:
VIP "OnIslandTrader" rides a wave of profit with BUY calls in (ENI), (JASO), (MDAS) and (PCYC).Read More... NEW ZACKS VIDEOS:EARNINGS TRENDS: A Happier New Year for Earnings
Total earnings for the S&P 500 are expected to surge by over 25% in 2010. Read More... FACEBOOK
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