Dear Subscribers,

Investors pressed pause for nearly a whole week waiting for third quarter GDP to come out on Friday. Expectations called for +2% which is exactly what we got. Looking into the internals of the report you'll see a mixed bag. The best piece of news was the strength of personal consumption expenditures (Get in-depth analysis of the report here). With that investors breathed a sigh of relief and stocks ended the day pretty much unchanged.

Pulling back to the big picture stocks were up 3.6% in October after a hefty 9% gain in September. I still think there is another 3-5% upside through year's end, but after such a long run we may take a couple weeks off before attempting new heights. That certainly beats a double dip and resulting market tumble...which never happened much to some people's chagrin. In general, cautious optimism generally pays better with investing than dogged pessimism.

Watch "Profit From The Pros TV" -New Episode – October 30, 2010
•   I give a final assessment on Q3 earnings season. Then I share some Weekend Wisdom on why I love earnings estimate revisions.
•   Bull & Bear Stocks of the Week
•   Tracey Ryniec & Mike Vodicka discuss the stock of a top Japanese electronics maker.
•   Roundtable Review panelists discuss Q3 GDP numbers, Fed quantitative easing, bond rates and 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- November 01, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - AVX Corp. (AVX) showed a 9% sequential increase in revenue, to almost $431 million. The top line is up about 39% since the same period last year. Net income came in at $68 million. Read More...
   
• Growth & Income - Union Pacific Corp. (UNP) third quarter results with earnings per share of $1.56, beat the Zacks Consensus Estimate by 6 cents for a 54% increase over the same quarter in 2009. Read More...
   
• Momentum - Manhattan Associates, Inc. (MANH) third-quarter earnings came in strong at 28 cents, 17% ahead of the Zacks Consensus Estimate, where the company has an average earnings surprise of 44%. Read More...
   
• Value - Royal Caribbean Cruise Limited (RCL) third-quarter earnings per share were $1.64 compared to the Zacks Consensus of $1.56 per share. This was also 55% better than the year ago number of $1.07 per share. Read More...
   

Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...

• Top 5 Diversified Bond Mutual Funds
  Get diversified with Putnam Diversified Income A (PDINX), Columbia Strategic Income A (COSIX), Baird Core Plus Bond (BCOSX), Virtus Multi-Sector Fixed-Income A (NAMFX) and Oppenheimer Global Strategic Income A (OPSIX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: Neurocrine Biosciences (NBIX)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Jacobs Engineering (JEC)
  
  Full Zacks research report: Read More...
  
  
• ZACKS INDUSTRY OUTLOOK: Steel Industry Outlook - Nov. 2010
  With the global economy picking up in late 2009, the steel industry started seeing signs of improvement. However, given its economic sensitivity, we expect global steel demand to improve only gradually, in line with the recovery in the user industries... Read More...
  
  
• Regis (RGS) Mixed 1Q11 Results
• Diversified (DPL) Matches, Reaffirms Outlook
• NextEra Energy (NEE) Beats Estimates

• Monster roars. Good news for jobs? @ CNNMoney.com
• Dumbest of This Week's 5 Dumbest: Halliburton Cement Lacks Cement-like Qualities @ TheStreet.com
• 6 Alternative Investments @ MAINSTREET.com
• Judge Issues Order in BP Drilling Disaster @ FOXBUSINESS.com
• The New Retirement Realities for Generations X and Y @ Kiplinger.com

EDUCATION: Aggressive Growth

Navigating IPO's Read More...

PeopleAndPicks.com:

VIP "MightyMo" careful market study produces profit with BUY calls in (CERN), (FTR) and (VMED). Read More...

• Momentum Stock Picks-Oct. 27, 2010
• Upside: Zacks Rank Factor #3
• Aggressive Growth Stock Picks-Oct. 26, 2010

EARNINGS PREVIEW A VERY Busy Week Ahead

Elections, the Fed and the employment report will compete with a still heavy earnings calendar for the market's attention. Read More...

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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