G-20 trade talks over the weekend provided a feel good session with no concrete actions to be taken. Investors saw this as another reason to sell off the dollar which has been a good tonic for the US stocks of late. However, it's not a good long term cure for what ails us. In general, a stronger economy means a stronger dollar and rising stock market. So let's hope this devaluation party doesn't last for too long. As noted in previous commentaries, the focus is coming off earnings and back to other economic indicators. We have a slew of them on tap this week. If things are generally above expectations, then we should get to the old highs of Dow 11,300 shortly...and hopefully beyond.
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Today's Top Stories: Tuesday- October 26, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Oxford Industries (OXM) Zacks Consensus Estimate for fiscal 2011 jumped 17 cents, to $1.88. Next year's forecasts are now averaging $2.10, up 6 cents. Annual growth rates are expected to be 105% and 11%, respectively. Read More...
Growth & Income - Tupperware Brands Corp. (TUP) reported third quarter earnings per share at $0.64, beating the Zacks Consensus Estimate by 10%. It was a 19% increase in EPS year-over-year. Total sales increased 2% over the same quarter in 2009. Read More...
Momentum - BJ's Restaurants, Inc. (BJRI) reported awesome Q3 results including earnings in strong at 20 cents, 25% ahead of the Zacks Consensus Estimate, boosting the company's average earnings surprise to 17%. Read More...
Value - TPC Group (TPCG) recently reported its fiscal fourth quarter results and easily beat the Zacks Consensus by 45%. Revenue rose 104% to $531.8 million from $260.9 million in the year ago quarter. Read More...
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ZACKS MUTUAL FUND RANK
- Top 5 Equity Income Mutual Funds
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EARNINGS TRENDS: Another GREAT Earnings Season
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