Donít read too much into Tuesday's drop. Some will say it was because of renewed banking fears in Europe. If true, then why were European markets barely in the red??? Some will say that investors didn't take well to President Obama's proposals; $50 billion jobs/infrastructure plan and business capital spending tax break worth up to $200 billion. Instead, I think it was just a little profit taking after a quick 5% gain late last week. Looking ahead the next move for the market is very unclear. That is because the battle rages on between the slow growth camp vs. double dippers. And this week we have very little ammo to settle the score. Wednesday brings the Fed's Beige book and Thursday is Jobless Claims. So I would just stand pat with current portfolio allocations. Then as new info emerges we can decide to get more long or short the market.
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Executive VP, Zacks Investment Research
Today's Top Stories: Wednesday- September 08, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - The Cooper Companies, Inc. (COO) reported third-quarter results that included a 4% increase in revenues, to just under $300 million. Margins are also improving. The gross margin came in at 60%, up from 51% a year ago. Read More...
Growth & Income - Meadowbrook Insurance Group, Inc. (MIG) reported a revenue increase of 25% for the second quarter compared with the same period in 2009. The Zacks Consensus Estimate is expected to be $1.00 per share in 2010 (a 7.3% year-over-year). Read More...
Momentum - Alliance Holdings GP, LP (AHGP) current year estimates added 50 cents to $2.92. The next-year estimate is up 65 cents in the same time to $3.12, a 7% growth projection. The valuation pictures looks solid too, with a forward P/E of 13X. Read More...
Value - G-III Apparel Group Inc. (GIII) reported its fiscal second quarter results on Sept 1 which crushed the Zacks Consensus by 17 cents. Analysts were expecting a loss of 2 cents but the company made a profit of 15 cents. Read More...
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ZACKS MUTUAL FUND RANK
- Top 5 International Mutual Funds
Get international with Wasatch International Growth (WAIGX), Elfun International Equity (EGLBX), Calamos International Growth A CIGRX), Putnam International Capital Opportunities A (PNVAX) and Invesco International Small Company A (IEGAX). Read More...
- Best Of Fund Family
Top 5 Blackrock Mutual Funds Read More...
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BEST OF ZACKS EQUITY RESEARCH
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BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Aggressive Growth
Strong Growth Rates and Upward Stock Prices Read More...
VIP "smallstk" continues to build a 'portfolio of profit' with BUY calls in (ASYS), (RDWR) and (SOL). Read More...
NEW ZACKS VIDEOS:
EARNINGS TRENDS: Very Few Changes
The revisions ratios fell for both this year and next, but mostly due to old increases rolling out of the sample. Read More...
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