Dear Subscribers,

The market started off in a terrific mood Monday morning. That's because overnight we got word that the manufacturing sector in China gave its strongest reading in 6 months. Then at 10am ET we got word that our own ISM Manufacturing index came in at 56.9 vs. 54.5 expectations. Next thing you know the market is up over 1% and we are a mere 60 points away from the old highs at Dow 11,300. Then slowly but surely the air got let out of the bubble and we coasted into an all too familiar of late, flat finish. Tuesday we have midterm elections. Wednesday we have the Fed showing us their QE2 playbook. And Friday we get the October jobs report. That is a lot of important news that should get the market moving in one direction or the other. If I had to bet on it, I would say that direction was up. And if not this week, then by end of December we should be testing those highs and hopefully exploring a few points above as well.

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Zacks has been working closely with the investing site, SeekingAlpha.com, on a number of fronts. In fact, I have been contributing articles, comments and blog entries on their site for a while. They have a pretty cool feature where you can follow your favorite authors to be notified of their most recent insights. To follow me, go to the link below and click the button under my photo which says "Follow".

http://seekingalpha.com/user/401318/profile

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Tuesday- November 02, 2010

ZACKS RANK BUY STOCKS

• Aggressive Growth - Vitamin Shoppe, Inc. (VSI) reported third-quarter results that showed a 7.1% same-store sales. Earnings per shares came in at 27 cents, which was 3 cents better than the Zacks Consensus Estimate. Read More...
   
• Growth & Income - Ross Stores, Inc. (ROST) Zacks Consensus Estimate is above this range at $4.36, representing 23% growth year-over-year. For the third quarter, management expect earnings per share between $0.79 and $0.83. Read More...
   
• Momentum - Under Armour, Inc. (UA) third-quarter earnings also came in strong at 68 cents, 13% ahead of the Zacks Consensus Estimate, where the company now has an average earnings surprise of 52% over the last four quarters. Read More...
   
• Value - TAL International Group Inc. (TAL) Q3 revenue grew 15.5% from the third quarter of 2009 and also 13.5% from the second quarter of 2010. Earnings per share easily surprised on the Zacks Consensus Estimate by 17.7%. Read More...
   

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

• Top 5 Global Mutual Funds
  Get global with JHancock3 Global Shareholder Yield A (JGYAX),ING Global Value Choice A (NAWGX), Thornburg Global Opportunities A (THOAX) Nuveen Tradewinds Global All-Cap A (NWGAX) and Wells Fargo Advantage Global Opportunities A (EKGAX). Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: WESCO International (WCC)
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Monsanto Company (MON)
  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...
  
  
• WPP Group's (WPPGY) 3Q10 Trading Update
• YRC Worldwide (YRCW) Gets Concession from Teamsters
• Northeast Utilities (NU) Tops EPS Ests

• Don't rule out Fed 'shock and awe' @ CNNMoney.com
• Solar Losers: Another Disappointment from MEMC @ TheStreet.com
• The Best Travel Freebies of 2010 @ MAINSTREET.com
• Looking for that Career Edge: Think Relationships @ FOXBUSINESS.com
• End of Year Business Tax Planning Tips for 2010 @ Kiplinger.com

EDUCATION: Value

When to Utilize a Price-to-Sales Ratio Read More...

PeopleAndPicks.com:

VIP "dmonnie" stays on top of the leaderboard with early BUY calls in (GEOI), (GFRE) and (RAX). Read More...

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

EARNINGS TRENDS: Still Going Surprisingly Well

At the two-thirds point it is very clear that the third quarter earnings season was a surprisingly strong one. Read More...

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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