Dear Subscribers,

How did earnings reports fare on Friday? TERRIBLE. Look at the punishment dealt up to the four main reporters: GE – 4.6%, Citigroup – 6.3%, Google, - 7.0% and Bank of America – 9.2%. Now add in that the Consumer Sentiment report fell precipitously to the lowest level since August 2009. It would seem that a range is forming between Dow 9600 and 10,300. Unless there are some overwhelming surprises on the earnings front this week, then expect us to move toward the lower end of the range. Act accordingly.

Watch "Profit From The Pros TV"-New Episode-July 17, 2010

•  I discuss the possibility of a Double Dip recession & why small cap stocks make sense even now.
•  Sheraz talks about his Bull & Bear Stocks of the Week.
•  Equity Strategists Tracey Ryniec and Mike Vodicka dissect a leading publisher who may go private.
•  Roundtable Review panel covers the new earnings season, Fed minutes and 3 Top Stock Picks of the Week.

View Profit from the Pros TV


Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Monday- July 19, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - Urban Outfitters, Inc. (URBN) Q1 sales were up 25% from last year to $480 million. Earnings came in ahead of expectations at 31 cents, one penny better than the Zacks Consensus Estimate, for a four-quarter average earnings surprise of 7.5%. Read More...
   
• Growth & Income - Cummins Inc. (CMI) analysts estimate that the company will grow its earnings per share 55% in 2010, 40% in 2011, and 12% per year for the long term. The stock has a dividend yield of 1.0%. Read More...
   
• Momentum - Gulfport Energy Corp. (GPOR) estimates advance with the current year up 6 cents to $1.09 and the next year adding 9 cents to $1.84, a 69% growth projection. Shares of GPOR have value, trading with a forward P/E multiple of 12X compared to 19X. Read More...
   
• Value - Fushi Copperweld Inc. (FSIN) second quarter earnings are expected between 32 and 34 cents. The range for the full year is between $1.23 and $1.28. The second quarter Zacks Consensus is now at 33 cents, down from 34 cents in the last 30 days. 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: Alexza Pharmaceuticals (ALXA)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Unisys Corp. (UIS)
  
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Auto Industry Outlook and Review July 2010
  The recent economic crisis has provided an impetus to a massive structural change in the auto industry, setting the stage for growth over the next decade. We see some opportunities with Honda (HMC) and Ford (F). Read More...
  
  
• Earnings Preview: PepsiCo (PEP)
• Jones LaSalle (JLL) Report Cites Solid CRE Sales
• Genuine Parts (GPC) Beats Estimates

• AIG settles fraud cases for $1 billion @ CNNMoney.com
• A Cold Dash of Reality: Dave's Daily @ TheStreet.com
• Your Guide to Retirement Homes @ MAINSTREET.com
• DC Report: Expectations on Economic Conditions @ FOXBUSINESS.com
• Deflation Ahead? No Worries @ Kiplinger.com

EDUCATION: Aggressive Growth

Navigating IPO's Read More...

PeopleAndPicks.com:

VIP "OnIslandTrader" catching profit in the tech sector with BUY calls in (AZN), (DTPI) and (RBCN). Read More...

• Value Stock Picks-July 13, 2010
• Momentum Stock Picks-July 8, 2010
• Extreme Portfolio Makeover

EARNINGS PREVIEW Earnings Take Center Stage

The heart of earnings season will be next week when 129 S&P 500 firms report, including 11 of the Dow 30. Read More...

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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