Dear Subscribers,

Well it didn't take long to see if I was right about the pending market decline. However, I'd be lying if I said I thought it would tumble this far this fast. Speeding up its ascent was more rumblings from across the pond as Greece's debt was cut yet again. This sent virtually every stock market across the globe into the red. Of course the question on everyone's mind is where to from here??? I would say that the 50 day moving average is a likely target on the low side. That is just a 3% drop from here at around Dow 10,700. That should offer up stiff support given that most economic indicators in the US are still favorable. Not much reason at this point to head lower than that. And if it did, then I'd back up the truck and buy a lot more US stocks.

Enjoy these top commentaries from Zacks.com:
•  Screen of the Week: First Profit
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•  Financial Reform Hits Roadblock
•  Top 5 Diversified Bond Funds

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Wednesday- April 28, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - American Greetings Corp. (AM) reported earnings per share showing dramatic improvement, coming in at 69 cents compared to a loss in 2009. The Zacks Consensus Estimate heading into the report was only 27 cents, making this a 140% surprise. Read More...
   
• Growth & Income - Snap-on Inc. (SNA) analysts are forecasting robust earnings growth for the next two years. For 2010, analysts estimate EPS growth of 22.7%. For 2011, analysts estimate EPS growth of 25.5%. Additionally, the company offers investors current income with its dividend yield of 2.5%. Read More...
   
• Momentum - Parker Hannifin Corp. (PH) Q3 revenue was up 11.5% from last year to $2.6 billion. Earnings also came in strong at 94 cents, 22% ahead of the Zacks Consensus Estimate. The company has an average earnings surprise of 77% over the last year. Read More...
   
• Value - Macy's Inc. (M) 10 estimates had moved higher for the full year in the last 30 days as March same-store sales, which were reported on Apr 8, soared by 10.8%. The fiscal 2010 Zacks Consensus Estimate jumped to $1.76 from $1.64 in the last month. Read More...
   

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

• Top 5 International Funds
  Get International with Dodge & Cox International Stock (DODFX), Bernstein Emerging Markets A (SNEMX), T. Rowe Price Latin America (PRLAX), Wasatch International Growth (WAIGX) and Oppenheimer International Small Company A (OSMAX). Read More...
  
• Best Of Fund Family
  Top 5 Van Kampen Funds Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Viacom, Inc. (VIA.B)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Eli Lilly & Co. (LLY)
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: REIT Outlook & Stock Review - April 2010
  The U.S. Real Estate Investment Trust (REIT) industry continued its strong performance in first quarter 2010 that started with the recovery at year-end 2009. We are bullish on (AGNC0, (VNO) and (SPG), but not on (DDR) or (BRE). Read More...
  
  
• Waddell & Reed (WDR) Misses by 1 Cent
• Avery (AVY) Surpasses Zacks Consensus
• Waters Corp. (WAT) Matches Estimates

• Goldman execs: We didn't do anything wrong @ CNNMoney.com
• U.S. Steel Sees Return to Profit @ TheStreet.com
• Learning from Your Filed 1040 @ MAINSTREET.com
• Office Depot Shares Down on 1Q Miss @ FOXBUSINESS.com
• Changes Coming for Student Loans @ Kiplinger.com

EDUCATION: Aggressive Growth

Stocks "Neglected" By Analysts Read More...

PeopleAndPicks.com:

VIP "Eversar" is making stellar picks with BUY calls in (ITT), (OSIR), (RHT) and (TWI). Read More...

• Value Stock Picks-Apr. 27, 2010
• First Profit
• Double Dip Recession in our Future?

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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