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Dear Subscribers,
Citigroup dominated the news Monday morning with a solid earnings report. This got fellow banks headed back north after a rough go last week. And that was generally good news for the market as a whole. After hours things got interesting with some heavy weight tech reports. First, IBM came out with a modest beat and raised guidance. However, with shares rallying non-stop into the report it is a "buy on rumor, sell on news" event. Then came Apple up to the plate and knocked it out of the park (as expected). Profits came in at a whopping $4.64, thus blowing away the $4.05 estimate. After hours trading had to be halted 20 minutes for folks to digest the news. When it reopened shares were amazingly down 5-6%. Heaven help the fools who just sold this stock. Clearly Apple and Google are in a league of their own as can be seen from this quarter's reports. If you don't own these stocks already, then congrats. Some mentally impaired investors just gave you a great chance to get onboard at attractive prices.
Featured Commentaries on Zacks.com
• Apple Inc. Eats Everyone's Lunch
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• Profit from the Pros TV for October 16th- timely market insight and top stock picks.
Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
Today's Top Stories: Tuesday- October 19, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - ZAGG, Inc. (ZAGG) forecasts for 2010 are up 6 cents, to 31 cents in the past 3 months. Analysts are expecting 36 cents a share in 2011, also up 6 cents. Read More...
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Growth & Income - Baxter International Inc. (BAX) Zacks Consensus Estimate for 2010 is within management's guidance at $3.94 for 4% growth. 2011 estimate is currently $4.24, representing an 8% gain. Read More...
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Momentum - Columbia Sportswear Co. (COLM) has posted big gains over the last 18 months, recently jumping higher with the strong market to hit a new multi-year high at $61.22. Read More...
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Value - AAR Corp. (AIR) reported first-quarter results for fiscal 2011 showing a 21% year over year jump in sales. EPS was 35 cents, a nickel higher than the Zacks Consensus Estimate. 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 Balanced Funds
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BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
TECO Energy (TE)
Full Zacks research report: Read More...
- Bear Of The Day:
CRA International (CRAI)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Chemical Industry Outlook - Oct. 2010
We expect a slow recovery in global chemical production after a sharp decline in the last couple of years. The recovering global economy has resulted in improved demand for chemicals in several end markets. We like (DOW), (AGU), (CF), (DD) and (PPG). Read More...
- Zions (ZION) Beats Estimates
- Harris (HRS) Awarded Canadian Contract
- Ameren (AEE) Upgraded to Outperform
ZACKS TVIntroducing the Profit from the Pros TV Show Don't miss the latest episode of Profit from the Pros, our all-new national program on the Biz Television network. Get a point-counterpoint on stocks in the news. Learn where Zacks experts see the market heading. Discover a proven, white-hot stock-picking strategy. . . the Bull and Bear Stocks of the Week . . . and more. As a Zacks member, you're invited to "attend" the show's latest episode right now. Watch online now >>
BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Value
Assessing Value for Cyclical Stocks Read More...
PeopleAndPicks.com:
VIP "rjm77me" watching signals to stack profit with BUY calls (AXP), (ITRI) and (SRX). Read More...
NEW ZACKS VIDEOS:
EARNINGS TRENDS: Off to a Strong Start
Positive earnings surprises are outpacing disappointments by more than 7 to 1. Read More...
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Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
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