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Dear Subscribers,
Wednesday was jam packed with important news releases. First we get an ADP Jobs Report that was better than expected. That bodes well for the more important October Employment Situation report which comes out on Friday. Then we got a very promising ISM Non-Manufacturing report which shows that the largest parts of our economy are starting to pick up. Finally we got the all important QE2 playbook from the Fed. Over the next year they will buy about $900 billion in long term Treasuries to help perk up inflation and the economy as a whole. From there stocks raged higher, then lower, then finally turned about again to close up at the highest level since September 19, 2008. (yes, 2008). As I have relayed recently, I think we are set to break through the recent highs and create new highs by year’s end. I’m not saying it will be a smooth ride. But in the end, a good ride indeed.
Now let me introduce you to "DMonnie" from our investment community at www.PeopleAndPicks.com. He's a strong believer in watching the charts for momentum plays. That approach has led to stellar gains that placed him in the Top 1% of all the stock pickers we track. Most recently he has bagged a +100.4% gain on Global Ship Lease {GSL} in just over a month! See more of his picks at http://www.peopleandpicks.com/profile/dmonnie/.
Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
Today's Top Stories: Thursday- November 04, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Coach Inc. (COH) reported quarterly results that included earnings per share of 63 cents, 8 cents higher than expected. This was the fifth consecutive earnings surprise. Net sales came in at $912, up 20%. Read More...
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Growth & Income - The Toronto-Dominion Bank (TD) Zacks Consensus Estimate for 2010 is now $5.64 per share, equating to 9% annual growth. The 2011 estimate is currently $6.41, corresponding to 14% EPS growth. Read More...
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Momentum - Complete Production Services, Inc. (CPX) Q3 earnings came in strong at 42 cents, 35% ahead of the Zacks Consensus Estimate, where the company now has an average earnings surprise of 178% over the last four quarters. Read More...
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Value - Lithia Motors Inc. (LAD) reported its third straight earnings surprise in a row. Earnings per share were 37 cents which easily beat the Zacks Consensus of 28 cents. Same store sales rose 12%. Read More...
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BEST OF ZACKS EQUITY RESEARCH
INVESTMENT IDEAS: Book Profits on Flawed Logic (revised)
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INDUSTRY RANK: A "Healthier" Portfolio
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Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
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