Dear Subscribers,

There were a slew of mildly positive economic reports on Wednesday that had us in the green most of the day until it coasted into a breakeven finish. The Challenger report shows that planned layoffs are coming down. ADP showed that we lost very few jobs in February and that is usually a good precursor to when we start gaining jobs. Then the ISM Non-Mfg survey came in nicely above expectations. Then the cherry on top was the Fed Beige book which gave the kind of cautiously optimistic tones we are used to hearing from the Fed.

Thursday brings the weekly jobless claims that unexpectedly jumped to 496,000 last week. Now the consensus is for 475K this week. However, it better be closer to 450K to give the market a boost. Finally on Friday is the February Employment Situation report which gives the most complete picture of the jobs conditions in the US. If these two reports are neutral to positive, then the market should continue to advance. If not, then we will retreat from these levels.

Check out these new commentaries from Zacks.com:
•  ADP Sees 20,000 Jobs Lost
•  ISM Services Better Than Expected
•  Zacks Rank Video: Growth & Income Stock Picks
•  Health Care Outlook & Stock Review

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Thursday- March 04, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - Insituform Tech (INSU) reported fourth-quarter results that showed earnings per shares of 41 cents, 4 cents ahead of the Zacks Consensus Estimates. Operating income came in at $15.8 million, up 53% since the same period last year. Read More...
   
• Growth & Income - Lennox International (LII) reported earnings per share from continuing operations of $0.58, up from $0.52 in the year-ago quarter and $0.10 ahead of the Zacks Consensus Estimate. In the last 30 days, analysts increased their earnings estimates for both 2010 and 2011. Read More...
   
• Momentum - Cinemark Holdings Inc. (CNK) fourth quarter revenue was up 32% from last year to $536.4 million. Earnings also came in strong at 39 cents per share, more than double the Zacks Consensus Estimate of 19 cents. Read More...
   
• Value - Western Digital Corporation (WDC) is ridiculously cheap with a forward P/E of just 6.6. Not only that but the company continues to beat expectations, surprising on the Zacks Consensus Estimate an impressive 9 consecutive quarters. Read More...
   

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

• Top 5 International Bond Funds
  Invest globally with Thornburg Strategic Income A (TSIAX), T. Rowe Price Emerging Markets Bond (PREMX), MainStay Global High Income A (MGHAX), Goldman Sachs Emerging Markets Debt A (GSDAX), SEI International Emerging Markets Debt A (SITEX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Microsoft Corp. (MSFT)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Western Union Co. (WU)
  Full Zacks research report: Read More...
  
  
• Nelnet (NNI) Beats Zacks View
• Rating Concerns for Prudential Plc (PUK)
• JAKKS (JAKK) Down a Cent, Outlook Weak

• U.S. to top banks: Send more loans! @ CNNMoney.com
• Take Two Surges on Earnings Beat @ TheStreet.com
• 15-Year Mortgages Look Sweet Right Now @ MAINSTREET.com
• Best Buy Readies On-Demand Video @ FOXBUSINESS.com
• Goodbye, Saturday Mail @ Kiplinger.com

EDUCATION: Growth and Income

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

PeopleAndPicks.com:

Player "AndrewGreenBull" prescribes another hot med pick. "(ANPI) has a high possibility to be the next (HSKA). *(ANPI) will report 4th quarter and the year 2009 earning on March 4, and it is expected to swing from last year's loss to a profit." Read More...

• Growth & Income Stock Picks- March 3, 2010
• Value Stock Picking
• Value Stock Picks-March 2, 2010

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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