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Dear Subscribers,
This week investors will rotate back to a concentration on economic reports to determine if the market should press to the old highs at Dow 11,300 or retreat. On tap we have Consumer Confidence, Durable Goods, New Home Sales, Jobless Claims, Consumer Sentiment and most importantly, Q3 GDP on Friday. We have seen the GDP growth rate slip for two straight quarters. Another notch down and we are not far from zero (or worse). I think a reading at Q2 levels or above should bode well for investor sentiment leading to further gains in equities.
Watch "Profit From The Pros TV" -New Episode – October 23, 2010
• I provide insight on the current market rally, then explain why the old investment adage of “Buy Low, Sell High” is a lie.
• Bull & Bear Stocks of the Week
• Kevin Matras discusses Increasing Sales & Profit Margins in his Screen of the Week.
• Roundtable Review panelists discuss Q3 earnings season, year-end market forecast and their 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- October 25, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - G-III Apparel Group (GIII) full-year Zacks Consensus Estimates have spiked. Forecasts for this year are up 37 cents, to $2.70, which is a 55% increase over fiscal 2010's $1.74. Read More...
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Growth & Income - W.W. Grainger (GWW) reported third quarter earnings per share of $1.99, beating the Zacks Consensus Estimate by 9%. It was a 32% increase from the same quarter in 2009. Read More...
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Momentum - Monro Muffler Brake, Inc. (MNRO) second-quarter earnings looked good at 63 cents, 3% ahead of the Zacks Consensus Estimate. MNRO now has an average earnings surprise of 7%. Read More...
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Value - JoS. A. Bank (JOSB) reported second-quarter earnings per share of 59 cents, 6 cents ahead of the Zacks Consensus Estimate. Net income was up about 32%, to $16.5 million on a year-over-year basis. Read More...
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ZACKS MUTUAL FUND RANK
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BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Berkshire Hathaway - B (BRK.B)
Full Zacks research report: Read More...
- Bear Of The Day:
Universal Forest Products (UFPI)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Coal Industry Outlook - Oct. 2010
Coal production in 2011 is estimated to improve 1.8%. At the current rate of recovery, the EIA estimates that the world coal consumption will rebound, returning to its pre-recession level (2008 level) by 2013. Read More...
- Yet Another Hike by ONEOK Partners (OKS)
- Magellan (MMP) Ups Quarterly Distribution
- Peabody (BTU) Hikes Dividend Rate
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: Aggressive Growth
Earnings Manipulation Read More...
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Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
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