Dear Subscribers,

Giving a little back after a 400 point gain is pretty common. What is more interesting is that the market tried to get above the 50 day moving average at 10,835. In fact, it climbed all the way up to 10,874 before dropping 126 points to finish at 10,748. Again, I think we may have a little struggle with the 50 day moving average for a while. As long as the US economy continues to repair then we will get there soon enough.

I'd like you to meet "Owl Trades" from our investment community at www.PeopleAndPicks.com. He's a very experienced and pragmatic trader who watches the charts for momentum plays. That approach has led to stellar gains that places him in the Top 1% of all the stock pickers we track. Most recently he has bagged a 27.2% gain on Warren Resources [WRES] in just a month's time. See more of his picks at http://www.peopleandpicks.com/profile/owltrades

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Wednesday- May 12, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - Timberland (TBL) reported revenue of $317.0 million, up 6.9% from the year-earlier period. The company earned $0.47, topping the Zacks Consensus Estimate of $0.28. The last three quarters, this Zacks #1 Rank stock has beaten the Zacks Consensus Estimate by an average of 43.4%. Read More...
   
• Growth & Income - LaCrosse Footwear (BOOT) announced first-quarter net sales of $34.2 million, an increase of 32.1% from the year-ago quarter. The company reported EPS of $0.25, easily beating the Zacks Consensus Estimate of -$0.01. Read More...
   
• Momentum - Broadcom Corp. (BRCM) first-quarter revenue was up 71% from last year to a record $1.46 billion. Earnings also came in strong at 40 cents, 33% ahead of the Zacks Consensus Estimate. The company has been hot over the last year, boasting an average earnings surprise of 115%. Read More...
   
• Value - Metalico Inc. (MEA) reported first quarter results which beat the Zacks Consensus by 6 cents. Earnings per share were 14 cents compared to the consensus of 8 cents. It was the third surprise in the last 4 quarters. Read More...
   

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

• Top 5 Real Estate Funds
  Add Real Estate to your portfolio with Forward Select Income A (KIFAX), Cohen & Steers Realty Shares (CSRSX) ING Real Estate A (CLARX), JPMorgan US Real Estate A (SUSIX) and DWS RREEF Global Real Estate Securities (RRGAX). Read More...
  
• Best Of Fund Family
  Top 5 Blackrock Funds Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Chipotle Mexican Grill (CMG)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Myriad Genetics (MYGN)
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Medical Devices Stock Review - May 2010
  The global medical devices industry is fairly large, with annual worldwide sales in 2009 in excess of $220 billion. The U.S. accounts for approximately 41% of this market. We are more favorable on (MDT), (HAE), (BSX), (STJ) and (BDX). Read More...
  
  
• Disney (DIS) Beats Despite ABC Losses
• MBIA Inc. (MBI) Posts Losses
• American Int'l (AIG), Prudential (PUK) to Revise Deal?

• Stocks seesaw in volatile trade @ CNNMoney.com
• Solar Stock Swingers: Energy Conversion @ TheStreet.com
• Open a Roth IRA for Your Child @ MAINSTREET.com
• Chesapeake to Sell Stake In Gas Fields @ FOXBUSINESS.com
• Portfolios That Fit Your Needs @ Kiplinger.com

EDUCATION: Aggressive Growth

Earnings Manipulation Read More...

• Value Stock Picks-May 11, 2010
• Aggressive Growth Stock Picks—May 10, 2010
• EU Debt The Market and More

SCREEN OF THE WEEK: Using Common Sense

Kevin Matras explains why monitoring your stocks is as important as picking them. Highlighted stocks include (ABG), (ARJ), (BBW), (RELL) and (TGH). Read More...

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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