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Dear Subscribers,
Bullish investors were expecting a strong employment report on Friday to help knock out bearish sentiment. Unfortunately the vastly weaker than expected report dealt a near fatal blow to the bulls instead. This resulted in another close under 10,000...and I suspect not the last for a while. Throw rumblings of debt problems now popping up in Hungary and fear has the upper hand. Brace yourself for a potential ride down to Dow 9500 which is where many technicians are pointing out as the next level of support. If you have not already lightened up on your riskiest positions and thrown an short ETF into the mix…then consider it now. We'll most likely find lower prices to reestablish some of our long positions down the road. As always, I would like to be wrong about this bad news. Yet it sure seems that bears are at the wheel and their GPS is locked in for more losses.
Make sense of it all with these top commentaries from Zacks.com:
• Rough Jobs Report = Rough Market
• In-Depth on Weak Jobs Report
• Top 5 Pacific Funds
• Know Your Options: Delta Force
Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
Today's Top Stories: Monday- June 07, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - J Crew Group, Inc. (JCG) reported solid Q1 results on May 27 that showcased the company's growth in the resurgent consumer environment. Earnings also came in strong at 68 cents, 19% ahead of the Zacks Consensus Estimate. Read More...
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Growth & Income - CSX Corporation (CSX) first-quarter revenue rose 11% to almost $2.5 billion. CSX earned $0.78 per share, beating the Zacks Consensus by 9 cents, or 13.0%. In the last five quarters, CSX Corp. has beaten the Zacks Consensus Estimate by an average of 9.5% Read More...
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Momentum - China Automotive Systems, Inc. (CAAS) gross margin climbed to 26.8% from 24.4% last year. Operating income was up 124% to a quarterly record of $16 million. Earnings also came in strong at 34 cents, 79% ahead of the Zacks Consensus Estimate. Read More...
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Value - TRW Automotive Holdings Corp. (TRW) keeps blowing by the estimates which was the case again in the first quarter. Earnings per share were $1.65 which easily surprised on the consensus of 72 cents. Sales rose 50% to $3.6 billion from a year ago. 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 5 Diversified Bond Funds
Add diversified bond funds to your portfolio with Delaware Diversified Income A (DPDFX), Franklin Strategic Income A (FRSTX), Oppenheimer Strategic Income A (OPSIX), Fidelity Strategic Income (FSICX) and Putnam Diversified Income A (PDINX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
AmerisourceBergen (ABC)
Full Zacks research report: Read More...
- Bear Of The Day:
American Oriental Bio (AOB)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Health Care Stock Review & Outlook - June 2010
Health technology holds the promise of improved operating efficiencies for many parts of the healthcare industry, hospitals included. We recommend (MOH), (BIOS) and (ZOLL). Read More...
- Unicom's (CHU) UniStore Coming Soon
- Baldor (BEZ) Increases Sales Guidance
- Goldcorp (GG) Sells Mine
INVESTMENT IDEAS: 3 Stocks for Jobs Growth
Staffing Agencies should benefit from the recent return to jobs growth. Stocks covered include (MAN), (RHI) and (KFRC). Read More...
BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Aggressive Growth
There's More to Aggressive Growth Than Technology Read More...
PeopleAndPicks.com:
VIP "MightyMo" is stacking the profit with BUY calls in (TICC), (UUP) and (VCI). Read More...
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Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
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