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Dear Subscribers,
The big news Tuesday was the Fed's meeting announcements. Bulls and bears can both point to this release to support their arguments. The Bulls will say that the Fed is remaining accommodative to support continued economic growth. The Bears will say that the Fed is only doing this because they see economic weakness and deflation in the air. Because of the recent market volatility I think the bearish argument will be given more weight and put stocks under pressure in the short run. That fits in with my analysis of yesterday that stocks don't look so hot between now and October earnings season. Beyond that I like the odds for the market to move higher than the present levels. So depending on your investing time horizon, take appropriate action in your portfolios.
Discover these top commentaries from Zacks.com:
• Fed to Reinvest Cashflows
• Top 5 Balanced Funds
• Why Some Have More 'Luck' In Options Than Others
Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
Today's Top Stories: Wednesday- August 11, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - DG FastChannel (DGIT) announced second-quarter results that showed 38% top-line growth to just over $60 million. Earnings per share came in at 45 cents, almost doubling the Zacks Consensus Estimate of 23 cents. Read More...
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Growth & Income - Lennox International (LII) had second-quarter revenue of $872 million and an EPS of $0.97, topping the Zacks Consensus by 13 cents, or 15.5%. In the last three quarters, Lennox has beaten the Zacks Consensus Estimate by 179% Read More...
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Momentum - Crocs, Inc. (CROX) earnings came in strong at 37 cents, 61% ahead of the Zacks Consensus Estimate, moving the company's average earnings surprise over the last four quarters to 204%. Read More...
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Value - World Fuel Services Corp. (INT) reported its second quarter results which saw record gross profit in its aviation segment. Profit rose 33% to $52.9 million from $13.1 million in the year ago period. 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 Real Estate Funds
Add real estate to your portfolio with Oppenheimer Real Estate A (OREAX), Ivy Real Estate Securities A (IRSAX), Franklin Real Estate Securities A (FREEX), Fidelity Real Estate Income (FRIFX) and Davis Real Estate A (RPFRX). Read More...
- Best Of Fund Family
Top 5 Legg Mason Funds Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
RLI Corp. (RLI)
Full Zacks research report: Read More...
- Bear Of The Day:
Novatel Wireless (NVTL)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Restaurant Industry Review - August 2010
Riding on the back of a slowly reviving U.S. economy and the consequent rise in comparable-store sales along with a drop in costs, restaurant operators posted improved results in the first half of 2010. Read More...
- American Med (AMMD) AdVance XP Gets CE Mark
- Saks (SKS) Reports Higher Sales
- Earnings Scorecard: Union Pacific (UNP)
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BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Aggressive Growth
Stocks "Neglected" By Analysts Read More...
PeopleAndPicks.com:
VIP "smallstk" gaining momentum with BUY calls in (CAT), (F), (OMN) and (SNDK). Read More...
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Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
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