Dear Subscribers,

The market collapsed in the waning hours Monday to fall below 10,000 for the first time in three months. The next level of support is the 200 day exponential moving average at just under 9800. And after that is the 200 day simple moving average at 9500. I believe that we would need much, much worse economic news than we have now to fall below those levels.

I know it doesn't feel like it now, but pullbacks like these are healthy tests of investor convictions. I believe their convictions will point out that a market trading at a forwarding looking P/E of 12 is attractive and a rebound will commence. So don't let this dip scare you out of your good stocks just before they spring higher.

Enjoy these fresh commentaries from Zacks.com:
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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Tuesday- February 09, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - lululemon athletica (LULU) Zacks Consensus Estimate for fiscal 2010 and 2011 rose. The average estimate for 2010 is up 3 cents to 71 cents. Next year's estimates rose 5 cents to 94 cents. Read More...
   
• Growth & Income - RPM International Inc. (RPM) recently posted record net income of $55.9 million for the second fiscal quarter, versus last year's $41.7 million. Sales slipped 3.5% year-over-year. Read More...
   
• Momentum - GSI Commerce, Inc. (GSIC) continues to trade near its 52-week high at $26.10 ahead of the company's Feb 10, Q4 results. Estimates continue to rise, with the next-year estimate up 10 cents in the last 2 months Read More...
   
• Value - World Acceptance Corporation (WRLD) fiscal third-quarter earnings per share were 86 cents compared to the Zacks Consensus of 66 cents. This was up from 54 cents reported in the third quarter of last year. Read More...
   

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

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See all the great mutual fund resources.

• Bull Of The Day: OPNET Technologies (OPNT)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Vulcan Materials (VMC)
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Insurance Industry Stock Update - Feb. 2010
  We expect the overall condition to improve in the second half of 2010, should the economic recovery accelerate. Our recommendations include PartnerRe, (PRE), Manulife, (MFC), Hartford (HIG), EMC Insurance (EMCI), and Max Capital Group (MXGL). Read More...
  
  
• Telefonica (TEF) to Buy More Unicom
• Smith Int'l (SII) Plans Acquisitions
• Berkshire (BRK.A) Rating Cut on Debt Issue

• FAQs on the New Roth Conversion Rules
• All Eyes on Mass. Senate Race

EDUCATION: Value

"Dogs of the Dow" Read More...

PeopleAndPicks.com:

VIP "MightyMo" prepped portfolio combats the not-so-nice market with BUY calls in (DAN), (ISRG) and (NABI). Read More...

• Value Stock Picks-Feb. 8, 2010
• Momentum Stock Picks-Feb. 4, 2010
• 4 Investing Styles

EARNINGS TRENDS: Earning Season Still Going Strong

Positive surprises still dominate disappointments; Tech in particular looks terrific. Stocks covered include (AAPL), (AMAT), (INTC), (MSFT) and (TXN). Read More...

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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