Even Citigroup's lackluster earnings report Tuesday morning could not stop the market from churning higher. But then all eyes were fixed on Apple's earnings after hours. They were especially of interest given Monday's bombshell that Steve Jobs will be taking another medical leave of absence.
As the clock struck 4:30pm their earnings proved that they are in prime health as EPS for the past quarter surged to $6.43 (nearly +20% above expectations). They did it on revenue 11% above consensus with most product lines showing strength including an amazing 7.3 million iPads and 16 million iPhones sold. What is not surprising is that shares are jumping on the news. Certainly that is good news for Apple owners...but also when you couple that news with IBM's great results you understand why market futures are pointing nicely higher for Wednesday morning.
Zacks' Top 10 Stocks for 2011 Launches Thursday Jan. 20th
Each year we construct a diversified portfolio of 10 stocks that is perfectly suited to profit in the year ahead. Our 10 stocks for 2011 are about to be unveiled tomorrow (Thursday Jan. 20th). To learn more about this unique and timely blend of stocks, then click the link below now.
About Zacks Top 10 Stocks for 2011
Executive VP, Zacks Investment Research
Releasing Tomorrow… Zacks Top 10 Stocks for 2011
Zacks' 10 most powerful long-term stock picks are being released tomorrow. Our team is hours away from selecting a 2011 list of companies to acquire now and hold throughout 2011. Picked to soar no matter the market direction and to exploit any volatility on Wall Street, these are stocks you buy and ride out, adding up your gains as you go.
Reserve your 2011 report today!!!
Today's Top Stories: Wednesday- January 19, 2011
ZACKS RANK BUY STOCKS
- Aggressive Growth - Silver Wheaton (SLW) Zacks Consensus Estimate for this year is up to 74 cents, which is almost double 2009's 38 cents. Forecasts for 2011 are also particularly bullish. Read More...
Growth & Income - Corn Products International, Inc. (CPO) reported third quarter earnings per share came of 81 cents, beating the Zacks Consensus Estimate by a penny. It was a 16% increase over the same quarter in 2009. Read More...
Momentum - OpenTable, Inc. (OPEN) saw some pretty solid movement in estimates off a good third-quarter, with the current year up 20% to 53 cents and the next-year estimate up 10 cents to 84 cents, a 57% growth projection. Read More...
Value - Horsehead Holding Corporation (ZINC) has a forward P/E of 14.6 which is within the value parameters. It also has a price-to-book ratio of just 1.6 which is easily within the value parameter of under 3.0. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
ZACKS MUTUAL FUND RANK
- Top 5 European Mutual Funds
Add Europe to your portfolio with Columbia European Equity A (AXEAX), T. Rowe Price Emerging Europe & Mediterranean (TREMX), U.S. Global nvestors Eastern European (EUROX), Invesco European Growth A (AEDAX) and Henderson European Focus A (HFEAX). Read More...
- Best Of Fund Family
Top 5 Legg Mason Mutual Funds Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
NEW ZACKS VIDEOS:
EDUCATION: Aggressive Growth
Earnings Estimates Primer Read More...
VIP "InvestmentMAGE" minimizes his portfolio loss with BUY calls in (ARW), (MYGN), (SSCC) and (WRB). Read More...
EARNINGS PREVIEW Earnings Season to Pick Up Steam
By the end of the week, we should have a good idea of the direction of the fourth quarter earnings season. Read More...
EARNINGS TRENDS: Off to a Good Start
BEST OF ZACKS.COM PARTNER COMMENTARY
Fourth quarter earnings season is now officially underway, and the early indications look positive. Read More...
SCREEN OF THE WEEK: Top Stocks with Big Potential Catch-Up Moves
Kevin Matras shows how to find the top stocks in the top sectors with the biggest potential catch-up price moves. Highlighted stocks include CNQR, CRS, EFII, HP and SYNA. Read More...
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