The decline that started on Monday continued through the early part of the session on Wednesday. This was a further test of investor conviction. You failed this test if you sold under the pressure of such a minor pull back. You passed with flying colors if you held on and saw the nice late day rally.
Simply no one knows for sure what the market will do tomorrow, next week or next month for that matter. But the further out you go, the clearer you can see what will happen because the movement of the market over time will be based on fundamentals. And right now the fundamentals are clearly improving as we can see from measures like corporate profits, GDP or even the jobs picture that is now turning around. Stay focused on these fundamentals as your key to future profits.
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Executive VP, Zacks Investment Research
p.s. Right now I have 14 stock picks that are perfectly suited for this investing climate. Click here to discover my picks.
Today's Top Stories: Thursday- November 11, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Osiris Therapeutics (OSIR) earned $4.5 million in the third quarter, up from a $6.8 million loss. Earnings per share came in at 14 cents, a dime higher than the Zacks Consensus Estimate. Read More...
Growth & Income - Bancolombia S.A. (CIB) reported third quarter earnings per share of $1.06, beating the Zacks Consensus Estimate by 17 cents. It was a 17% increase year-over-year. Net loans grew 7.8% compared to third-quarter 2009. Read More...
Momentum - JAKKS Pacific, Inc. (JAKK) third-quarter earnings came in better than expected at $1.23, 15% ahead of the Zacks Consensus Estimate, where the company now has an average earnings surprise of 91% the last three quarters. Read More...
Value - ReneSola Limited (SOL) reported its third quarter results and saw record revenue of $358.7 million, up 41%. EPS came in 70 cents per share beating the Zacks Consensus by 40%, for its third surprise in a row. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
The Market for Gold and Silver is Heating Up!
Sean Brodrick just released a silver and gold report highlighting 10 ways to play precious metals.
This new report also includes a section on a secret weapon you can add to your arsenal of profit potential — a precious metal that is being ignored by most investors, but has the potential to outperform gold AND silver over the next three years.
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ZACKS MUTUAL FUND RANK
- Top 5 Pacific Mutual Funds
Add the Pacific Rim to your portfolio with Ivy Pacific Opportunities A (IPOAX), T. Rowe Price New Asia (PRASX), Fidelity Advisor Emerging Asia A (FEAAX),Matthews Asia Pacific (MPACX) and Guinness Atkinson Asia Focus (IASMX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
INDUSTRY RANK: Stepping on the Accelerator
A turnaround in the auto industry is driving earnings estimates higher. Read More...
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BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Growth and Income
How Strong is Company Management? Read More...
NEW ZACKS VIDEOS:
Player "D_Analysis19" is predicting a pull back. "All the major news that the market was using for momentum are all in and now there runner needs a little breather. Here is what is going to be important on this pull back..." Read More...
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