When last we spoke, we contemplated how the week would end. And it seems that the "sirens song" drawing us down towards the 200 day moving average at 10,180 won out. I think investors will chill out over the weekend and try to spark a relief rally. Unfortunately I suspect 10,180 needs to be touched first. Maybe even 10,000 just to scare everyone silly. And from that darkest moment capitulation should kick in and a new bull rally will emerge. This is reminiscent of the fall we endured in early February. And at those scariest of times, rational investors stepped in to say "enough is enough already". When that moment comes, I hope you will be ready to go whole hog long.
Check out these commentaries to get your portfolio ready for the next leg higher:
• Calm Down and Take a Deep Breath
• Zacks Rank Video: Momentum Stock Picks
• Top 5 Small Cap Funds
• Great Jobs Report
Executive VP, Zacks Investment Research
Today's Top Stories: Monday- May 10, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Coinstar Inc. (CSTR) reported first-quarter results that showed a 47% jump in revenue, to $350 million. DVD rentals account for 75% of the companies revenues. Net income came in at $6.4 million up from a $2.0 million loss one year ago. Read More...
Growth & Income - Xilinx (XLNX) Zacks Consensus Estimate for fiscal year 2011 is up 22 cents, or 11.8%, to $2.08, and the Zacks Consensus Estimate for fiscal 2012 is up 18 cents, or 8.9%, to $2.20. Read More...
Momentum - Lincoln Educational Services Corp. (LINC) had strong Q1 results that easily beat the Street. Revenue was up 29% from last year to $153 million. Earnings also came in strong at 55 cents, 38% ahead of the Zacks Consensus Estimate. Read More...
Value - Crane Company (CR) reported first quarter results which beat the Zacks Consensus Estimate for the third time out of the last four quarters. Earnings per share were 56 cents compared to the Zacks Consensus of 50 cents. Read More...
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ZACKS MUTUAL FUND RANK
- Top 5 Global Funds
Get global with Templeton Global Opportunities A (TEGOX), Van Kampen Global Franchise A (VGFAX), Vanguard Global Equity A (VHGEX),AIM Global Core Equity A (AWSAX) and Dreyfus Worldwide Growth A (PGROX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Aggressive Growth
Earnings Estimates Primer Read More...
VIP "ladyfriend2" prepared for the market drop with BUY calls in (BAC), (C), (CMSA) and (SLE). Read More...
NEW ZACKS VIDEOS:
EARNINGS PREVIEW Starting to Wind Down
The bulk of earnings season is over, but there are still several important reports on tap for next week. Read More...
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