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Dear Subscribers,
Monday was a quiet day for investment news which provided a quiet, breakeven finish for stocks. Things will get "louder" as the week progresses. That's because Tuesday brings the Producer Price Index report followed on Wednesday by its close relative, the Consumer Price Index. These reports carry extra weight these days given the heightened concerns over potential deflation in our midst. Remember that was the main reason behind the Fed enacting a second round of quantitative easing to spark economic activity and to keep inflation from slipping into negative territory.
Beyond inflation folks will also be interested in Industrial Production, Housing Starts and Jobless Claims. Plain and simple, if this week's roundup of reports provides more positive news, then stocks will jolt above the Dow 11,500 level and perhaps take a shot at Dow 12,000 by year's end.
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Zacks has been working closely with the investing site, SeekingAlpha.com, on a number of fronts. They have encouraged me to actively contribute articles, comments and blog entries on their site. 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- December 14, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Limited Brands Inc. (LTD) reported a 10% increase in comparable store sales for November. Total sales rose to $893 million, up more than 14%. The sales momentum came on the heels of a solid quarterly report. Read More...
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Growth & Income - Ituran Location & Control Ltd. (ITRN) Zacks Consensus Estimate for 2010 is $0.99, representing 13% EPS growth over 2009. The 2011 estimate is currently $1.12, equating to 13% growth over 2010 EPS. Read More...
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Momentum - Wabco Holdings, Inc. (WBC) saw some pretty solid movement in estimates off a good quarter, with the current year gaining 36 cents to $2.56 and the next-year estimate up 33 cents to $3.36, a bullish 31% growth projection. Read More...
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Value - CAI International Inc. (CAP) third quarter earnings per share were 39 cents compared to the consensus of 35 cents. It was the third surprise in the last 4 quarters. Total revenue rose 27.4% to $20.1 million. Read More...
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ZACKS MUTUAL FUND RANK
- Top 5 Real Estate Mutual Funds
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See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Family Dollar Stores (FDO)
Full Zacks research report: Read More...
- Bear Of The Day:
China Fire & Security (CFSG)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Insurance Industry Stock Update - Dec. 2010
The industry continues to be challenged by the regulatory uncertainties and massive health care restructuring. Read More...
- Buckeye (BPL) Buys Assets in Puerto Rico
- General Dynamics (GD) Gets Marine Vehicle Contract
- SABESP (SBS) Prices Its Notes Due 2020
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BEST OF ZACKS.COM PARTNER COMMENTARY
EDUCATION: Value
Discount Rate Calculation Read More...
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VIP "dmonnie" is gaining momentum in the game with BUY calls in (LUX), (NDSN), (SI) and (TESO). Read More...
NEW ZACKS VIDEOS:
EARNINGS TRENDS: The Final 3rd Quarter Numbers
Earnings Growth was 25.3% in the third quarter, far above the 17.9% expected three months ago. Read More...
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Best,
Steve Reitmeister
Executive VP, Zacks Investment Research
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