Dear Subscribers,

The breakeven finish on Wednesday means that the market has closed above the 200 day moving average for two straight sessions. This is a very bullish sign and greatly increases the odds that the market will press higher from here. With all that being said, I am still a bit uncertain. What if the weekly Jobless Report on Thursday is terrible? What if another country has sovereign debt issues? What if?... What if?... What if?

The above paragraph underscores why the stock market is so tricky. Quite often when it's the hardest to be invested is exactly when the market makes its most dramatic upward moves. That fits in with the classic saying; "the market climbs a wall of worry". Indeed we have a wall of worry in front of us. So maybe we should take a deep breath and start climbing it together.

Let me switch gears for a second and introduce you to one of the rising stars of our investment community at PeopleAndPicks.com. "Planet Google" has risen to the top 5% of all users with an accuracy of over 60%. His best pick, Smith International {SII} returned 25.4% in less than a month. The Planet's focus this week has been on European banks and insurance sellers. He added three of these picks on Monday and is already up on each. See all his picks at http://www.peopleandpicks.com/profile/planet_google.

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

p.s. Until Saturday 6/19 at midnight we are inviting people to discover the "Double Your Money" portfolio that I manage for Zacks.com. After Saturday it will be closed once again. Better check it out soon. Learn more about "Double Your Money"

Today's Top Stories: Thursday- June 17, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - Steven Madden (SHOO) Zacks Consensus Estimate for full-year 2010 says that the company is being conservative. Analysts are looking for $2.44 per share on average. Next year's estimates are averaging $2.72, up 24 cents. Read More...
   
• Growth & Income - Johnson Controls (JCI) now expects net sales of $33.5 billion and EPS of $1.90-$1.95. After the company reported better-than-expected results for the second quarter, the Zacks Consensus for fiscal 2010 increased 17 cents, or 8.8%, to $1.98. Read More...
   
• Momentum - Ann Taylor Stores Corp. (ANN) saw an amazing rebound in same-store Q1 sales, up 14% compared to a decline of 30% last year. Earnings also came in strong at 39 cents, 15% ahead of the Zacks Consensus Estimate. Read More...
   
• Value - Eastman Chemical Company (EMN) is trading at just 11.5x forward earnings, which is well within the value territory since it's under 15x and also is under the industry average of 13.9. It also has a low price-to-book ratio of 2.9 and price-to-sales ratio of 0.8. Read More...
   

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

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• Bull Of The Day: Tenneco, Inc. (TEN)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: School Specialty, Inc. (SCHS)
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: U.S. Rail Industry Outlook - June 2010
  Although the macro picture has improved, the recovery appears to be sluggish and fragile, at least over the next few quarters. Our long-term outlook for rail transport is positive, especially for (KSU), (CSX) and (CNI). Read More...
  
  
• Mixed Results for Bydureon
• Accenture (ACN) Continues Winning Spree
• Nucor (NUE) to Flip Losses

• AT&T and Apple's marriage made in hell @ CNNMoney.com
• BP Opts for Ultra-Prudent Approach @ TheStreet.com
• 8 Safe Gulf Coast Vacations @ MAINSTREET.com
• Washington Post Price Quote Not Fit for 'Print' @ FOXBUSINESS.com
• Smart Moves in Today's Market @ Kiplinger.com

EDUCATION: Growth and Income

The Power of Compounding: Reinvest Your Interest Read More...

• Aggressive Growth Stock Picks-June 16, 2010
• 5 Limitations of the Zacks Rank
• Value Stock Picks-June 15, 2010

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

p.s. What is the mission for Zacks Profit from the Pros? To find out how we will help you become a more successful investor, click here.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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