Well we continue the fun ride on the rickety swaying roller coaster as the market ends another day up. I do not know why. Consumers' wallets are still tight, interest rates are beginning to rise, companies are still not hiring, don't get me started about housing, yet the market is ticking upward?
What is really going on? Is everyone drinking the same shiny happy kool-aid?
Dirk Van Dijk takes a look ahead to when the rubber will really meet the road (first-quarter earnings season) to justify the market's party in his article:
Early First Quarter Reports Positive
Now, I will stop being a total cynical downer. There was a small glimmer of brightness Monday with the Treasury reporting the start of selling those pesky Citi shares (for a nice profit). Indeed, it is encouraging to know that I will not be continuing to be a stockholder (by citizenship) of Citi stock.
Also, check these Zacks commentaries to bring out the good feelings.
• 3-D Is Hot & So Are These Stocks
• Natural Gas Starts to Build
• What's Your Time Worth?
Make that trade already,
Editor, Profit from the Pros
Zacks Investment Research
Today's Top Stories: Tuesday- March 30, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Williams-Sonoma Inc. (WSM) reported fourth-quarter results that showed revenues of just $1.09 billion, up 8.1% since the same quarter last year. Same-store sales were also up, about 7.6%. Earnings per share came in at 86 cents, which was 13 cents better than expected. Read More...
Growth & Income - Finish Line (FINL) fourth-quarter revenue grew 8.9% to $374.5 million. Finish Line earned $0.61 per share, up 69.4% year-over-year and 13 cents ahead of expectations. In the last three quarters, Finish Line has beaten the Zacks Consensus Estimate by an average of 44.0%. Read More...
Momentum - Royal Caribbean Cruises Ltd. (RCL) recently hit a new 52-week high as the company's earnings rebounds on a resurgent global economy and a commitment to cutting costs. The analysts are on board too, boosting the current-year estimate 38 cents in the last month to $1.81. Read More...
Value - Hanger Orthopedic Group Inc. (HGR) reported fourth quarter results which surprised on the Zacks Consensus by 2.8%. Earnings per share jumped 42.3% to 37 cents from 26 cents in the year ago period. The Zacks Consensus was calling for 36 cents. Sales rose 10.6% to $19.6 million from the fourth quarter of 2008. Read More...
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When Wal-Mart Drops Dead
There's a noose around the neck of Wal-Mart's retail empire. The reign of the king of retail is over. Who is the heir to the throne? An up-and-coming
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ZACKS MUTUAL FUND RANK
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BEST OF ZACKS EQUITY RESEARCH
BEST OF ZACKS.COM PARTNER COMMENTARY
A Quick Bio on Warren Buffett Read More...
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