Dear Subscribers,

Monday was "Yuan crazy day". At first, investors were all jazzed up about the news of the Chinese currency floating higher. The initial sentiment was that a pricier Yuan means that US goods will be more competitive in the world markets. That's why the US market jumped up +1.5% out of the gate. Then as the day wore on many investors saw the folly in this notion leading to a hefty plunge from earlier highs into the red on the session. In my book the Yuan policy change is nearly a non-event. The real story is an improving US economy and a ballooning deficit. How do we reign in the latter without crippling the former??? Keep your eyes on that story and let this "yuan" blow over.

Enjoy these top commentaries from Zacks.com:
•  Top 5 Small Cap Funds
•  U.S. Bank Failures Rise to 83
•  Telecom Industry Outlook - June 2010

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Tuesday- June 22, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - Avis Budget Group (CAR) analysts raised full-year estimates. The Zacks Consensus Estimate for 2010 is up 15 cents to 78
  cents. Next year's average projection is now $1.20, up 5 cents. The growth rates are exponential following a 4 cent loss in 2009. Read More...
   
• Growth & Income - Leggett & Platt (LEG) is expected to grow its earnings per share 44.8% in 2010, 29.7% in 2011, and 15.0% over the next three to five years. The stock also offers investors a dividend yield of 4.6%. This Zacks #1 Rank stock trades at 18.1x 2010 consensus EPS estimates. Read More...
   
• Momentum - Impax Laboratories, Inc. (IPXL) first-quarter revenue jumped to $323 million from $39 million last year, with sales of Flomax accounting for $176 million of that growth. Earnings also looked great, coming in at $2.06, a 304% earnings surprise. Read More...
   
• Value - Jo-Ann Stores Inc. (JAS) reported its fiscal 2011 first quarter results and blew by the Zacks Estimate, yet again, this time by 47%. Earnings per share were 66 cents compared to the consensus of 45 cents. EPS was more than double the year ago number. Read More...
   

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

• Top 5 Global Funds
  Get global with First Investors Global A (FIISX), Harding Loevner Global Equity Advisor (HLMGX), Hartford Global Growth A (HALAX), Manning & Napier World Opportunities A (EXWAX) and Ivy Cundill Global Value A (ICDAX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Chembio Diagnostics Inc.
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: NYSE Euronext, Inc.
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Coal Industry Review & Outlook - June 2010
  Our near-term (6-18 months) outlook for the coal industry has improved somewhat from our previous neutral sentiment to a more positive undertone. We are positive on (BTU), (CNX), (WLT) and (ACI). Read More...
  
  
• Swiss Approval for UBS AG (UBS) Data Share
• Alcoa (AA) Counts on New Russian Deal
• Masimo (MASI) Stays Neutral

• E-reader price war breaks out: Kindle, Nook cuts @ CNNMoney.com
• Cramer's Stop Trading!: Yuan, Natural Gas @ TheStreet.com
• Signs That Another Recession is Coming @ MAINSTREET.com
• Synovus CEO Taking Medical Leave @ FOXBUSINESS.com
• Don't Get Trapped By Medicare Enrollment Rules @ Kiplinger.com

EDUCATION: Value

Assessing Value for Cyclical Stocks Read More...

PeopleAndPicks.com:

VIP "OnIslandTrader" is catching the market wave with BUY calls in (APEI), (DTPI), (FFIV) and (MATK). Read More...

• Let Me Check My Calendar
• Aggressive Growth Stock Picks-June 16, 2010
• 5 Limitations of the Zacks Rank

EARNINGS TRENDS: Revisions Ratios Continue to Fall

Old estimate increases are falling out of the totals and the number of estimate cuts is starting to rise. Read More...

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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