Dear Subscribers,

Stocks have enjoyed a nearly uninterrupted rise of 9% since the end of November. So Wednesday's sharp decline was just Mr. Market's way of reminding folks that it won't always be that easy.

Now don't take that to mean the market is due for a serious correction either. I still don't think that is in the cards yet. And probably not until we at least touch Dow 12,000. It's just that the market as a whole may get choppy for a while after this long leg of the bull rally. And in particular, any stock that has a poor earnings report will be severely punished (just ask the owners of CREE who saw a -14% loss in the blink of an eye).

Just stay focused on the long term fundamentals. That continues to read as follows: rebounding economy = rising corporate earnings = higher stock prices.

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Thursday- January 20, 2011

ZACKS RANK BUY STOCKS

• Aggressive Growth - SYNNEX Corp. (SNX) just announced fourth-quarter earnings per share of $1.04 beating the Zacks Consensus Estimate by 8 cents and 25% higher than a year ago. Read More...
   
• Growth & Income - Waddell & Reed Financial, Inc. (WDR) Q3 operating revenues increased 16.9% year-over-year. Underwriting and distribution fees were up 18.1%, while investment management fees grew 17.4%. Read More...
   
• Momentum - Acme Packet, Inc. (APKT) third-quarter earnings came in at 15 cents, directly in line with the Zacks Consensus Estimate but more than double last year's 6 cents. Read More...
   
• Value - Rudolph Technologies Inc. (RTEC) reported its fourth consecutive earnings surprise. Earnings per share were 30 cents compared to the Zacks Consensus of 26 cents per share. Read More...
   

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

• Top 5 Aggressive Growth Mutual Funds
  Get aggressive with Needham Aggressive Growth, Wells Fargo Advantage Omega Growth A, Legg Mason ClearBridge Aggressive Growth A, Eagle Mid Cap Growth A and Delaware Select Growth A. Read More...
  

See all the great mutual fund resources.

• Bull Of The Day: CB Richard Ellis Group
  
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• Bear Of The Day: RLI Corporation
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• Analyst Blog Highlights
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• Aggressive Growth Stock Picks- Jan.19, 2011
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• Profit from the Pros - January 15, 2011

EDUCATION: Growth and Income

Paying Attention to Free Cash Flow Read More...

PeopleAndPicks.com:

VIP "MightyMo" is going mobile. "As we enter year 2011, the revolution in the mobile and digital tech world...and all the companies participating in the mobile device wireless world, is something I want to fully participate in." Read More...

• Colonel Sanders: China's favorite import @ CNNMoney.com
• Bet on U.S., Europe as Inflation Hits: Faber @ TheStreet.com
• The 1 Credit Card Life @ MAINSTREET.com
• Why 'What's in it for Me?' Doesn't Work @ FOXBUSINESS.com

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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