Dear Subscribers,

Friday was another positive showing for the major market indices. But really, it only feels positive if your portfolio is chock full of defensive stocks. Unfortunately, if you have a more aggressive portfolio, then you are certainly not in a celebratory mood.

When I add it all up, I just don't believe we have hit bottom. That is because the defensive industry groups (health, staples, utilities, phone companies etc.) continue to lead the charge. Remember these same stocks have outperformed the last several weeks during the correction while stocks whose fortunes are more closely tied with economic expansion have seen haircuts of 10-20%+. When the tables are turned and the more aggressive stocks carry the torch, that is when we have found bottom and ready to head higher. Not there yet. Hopefully soon.

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Monday- June 20, 2011

ZACKS RANK BUY STOCKS

• Aggressive Growth - Travelzoo, Inc. (TZOO) average forecast for 2011 is up 54 cents, to $1.63 per share. Next year's outlook is calling for $2.26, up 78 cents. This is annual growth rates of 103% and 39%, respectively. Read More...
   
• Growth & Income - Targa Resources Partners LP (NGLS) reported first quarter earnings per limited partner unit of 37 cents, crushing the Zacks Consensus Estimate of 24 cents. It was a 164% increase over the same quarter in 2010. Read More...
   
• Momentum - Towers Watson & Co. (TW) revenue for the first-quarter was up 8% from last year to $866 million. Earnings also came in strong at $1.26, 34% ahead of the Zacks Consensus Estimate. Read More...
   
• Value - Patterson-UTI Energy Inc. (PTEN) 2011 Zacks Consensus Estimate rose to $2.13 from $1.92 per share for earnings growth of 195%. PTEN also has a forward P/E of 13.7, which is under the 15x I use for a "value" stock. Read More...
   

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

• Top 5 Global Mutual Funds Read More...
• Mutual Fund Homepage

• Bull Of The Day: McKesson Corporation
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Ferrellgas Partners
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• Ahead of Wall Street
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• Zacks Industry Outlook: eCommerce Stock Outlook & Review
  The Electronic Commerce, or e-commerce, industry is one of the most developing sectors of the economy. The industry is evolving very rapidly, so data collection and evaluation are particularly difficult. Read More...
  
  
• Analyst Blog Highlights
• Infosys Expands in New Zealand
• Hologic's Selenia Awarded
• Boeing Sees Trillions
• Full Analyst Blog

• PFP-TV: Volatility is Back
• Growth & Income Stock Picks-June 17, 2011
• Momentum Stock Picks-June 16, 2011

EDUCATION: Aggressive Growth

Sustainable Growth Rates Read More...

PeopleAndPicks.com:

VIP "richa" pulls in double digit returns with BUY calls in (EL), (MCD), (PMTC) and (VZ). Read More...

• Investors search for signs U.S. will avert a double dip @ CNNMoney.com
• Fed's Meeting Front and Center in Coming Week @ TheStreet.com
• Officials Predict Prolonged High Food Prices @ MAINSTREET.com
• IMF Bailout Slush Fund Under Fire @ FOXBUSINESS.com

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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