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Dear Subscribers,
After a rough start on Monday the market fought back to a breakeven finish. And that is right at 1150 for the S&P 500…equal to the recent high made on January 19th. I sense that if we can't break above this week, then this leg of the market rally will be over. Most likely we will fall back a notch or two during a consolidation period. Hopefully first quarter earnings reported in early April will be strong enough to bring the rally back to life.
Here are some top commentaries for your consideration:
• Bull vs. Bear Case for the Market
• Industrial Production Edges Up
• Top 5 High Yield Bond Funds
Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
Today's Top Stories: Tuesday- March 16, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Warner Chilcott (WCRX) reported earnings results that showed revenues of $686 million, up 183% from one year ago. Earnings per shares came in at 70 cents, 13 cents ahead of expectations. Read More...
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Growth & Income - Unitrin (UTR) had fourth-quarter revenue of $730.9 million, up 17% from 4Q08. It also earned $0.96 per share, an increase of 75% year-over-year and 37 cents ahead of the Zacks Consensus Estimate. Its book value increased to $30.75 and debt-to-total capitalization ratio lowered to 22.6%. Read More...
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Momentum - Sotheby's (BID) Fourth-quarter earnings came in very strong at $1.10, 64% ahead of the Zacks Consensus Estimate. Sotheby's results were driven by revenue gains and an expansion in auction commission margin to 20.4% from 16%. Read More...
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Value - The Children's Place Retail Stores, Inc. (PLCE) reported fiscal 2009 fourth quarter results which met the Zacks Consensus Estimate of $1.03 per share. This was better than the fourth quarter of 2008 which resulted in EPS of 72 cents. Sales rose 5% to $462.8 million from $441.5 million in the year ago quarter. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
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ZACKS MUTUAL FUND RANK
- Top 4 European Funds
Add international exposure to your portfolio with T. Rowe Price Emerging Europe and Mediterranean (TREMX), Henderson European Focus A (HFEAX), U.S. Global Investors Eastern European (EUROX) , and Fidelity Nordic (FNORX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Cisco Systems, Inc. (CSCO)
Full Zacks research report: Read More...
- Bear Of The Day:
Bayer AG - ADR (BAYRY)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Coal Industry Review and Outlook - March 2010
Of late, coal prices have been recovering, prompted by increased U.S. and Chinese coal consumption. We are positive on large coal companies like Peabody (BTU) and Arch (ACI), but not the MLPs like Natural Resource Partners (NRP) or Penn Virginia (PVR). Read More...
- Ciena (CIEN) Retains Neutral Rec
- First Solar (FSLR) Sells Project
- Kroger (KR) Upped from Underperform
BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Value
Discount Rate Calculation Read More...
PeopleAndPicks.com:
VIP "smallstk" finds building blocks of profit with BUY calls in (BHE), (HZO), (LXK) and (RCI). Read More...
NEW ZACKS VIDEOS:
EARNINGS TRENDS: Earnings Acelleration?
While overall earnings growth is expected to slow to 22.8% from over 100% in Q4, excluding the financials, earnings are actually expected to accelerate in Q1. Read More...
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Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
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