Dear Subscribers,

Dow 12,000 continues to show that it is neither strong resistance nor strong support. That's because we have cut through it so many times like a knife through butter. Interestingly Dow 10,000 was the same. We battled over that territory for almost an entire year between October 2009 and September 2010.

I'm sure we'd all like to think that the tussle with 12,000 is now over, yet there is still too much doom and gloom in the air to make that assumption. Gladly expectations are nice and low coming into the July earnings season. A strong showing there and we probably rise above 12,000 for a good stretch. Unfortunately that leaves far too much of the summer, and its natural pessimism, for us to feel comfortable just yet.

That is another way of saying, expect more of the same battle over 12,000 for the next couple months. Yet since I don't think we will go that much lower than there, a patient investor can snap up the values now and wait for a nice payday by year's end.

Featured Commentaries on Zacks.com
•  3 Dividends in Jeopardy
•  Zacks Rank Video: Growth & Income Stock Picks
•  Telecommunications Stock Outlook - June 2011
•  Top 5 Highest Yielding High Yield Bond Mutual Funds

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

Today's Top Stories: Tuesday- June 28, 2011

ZACKS RANK BUY STOCKS

• Aggressive Growth - Complete Production Services (CPX) Zacks Consensus Estimate for this year rose 17 cents, to $2.70. Next year's is up 50 cents, to $3.31. This is projected growth rates of 150% this year and another 23% in 2012. Read More...
   
• Growth & Income - Extra Space Storage Inc. (EXR) total revenue was up 10.2% to $74.481 million in the quarter, well ahead of the Zacks Consensus Estimate of $65.0 million. Same-store revenue increased 4.2%. Read More...
   
• Momentum - Men's Warehouse, Inc. (MW) saw some pretty bullish movement in estimates off the good quarter, with the current year adding 30 cents to $2.11 while the next-year estimate gained 31 cents to $2.39. Read More...
   
• Value - Cascade Corporation (CASC) reported fiscal first quarter 2012 results and beat the Zacks Consensus by 55 cents. Sales jumped 44% to $136.2 million from $94.4 million in the first quarter of fiscal 2011. Read More...
   

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

• Top 5 International Bond Mutual Funds Read More...
• Mutual Fund Homepage

• Bull Of The Day: McKesson Corp.
  Full Zacks research report: Read More...
  
  
• Bear Of The Day: Sunoco, Inc.
  Full Zacks research report: Read More...
  
  
• Ahead of Wall Street
  Read More...
  


• Analyst Blog Highlights
• AT&T to Roll Out CDN Services
• Shire to Produce More Replagal
• Cepheid Targets Infectious Diseases
• Full Analyst Blog

• PFP-TV: Positive News But FED Downbeat
• Growth & Income Stock Picks-June 24, 2011
• Buying Puts to Protect Profits and Hedge Risk

PeopleAndPicks.com:

VIP "dmonnie" maintains the top position with BUY calls in (GT), (TASR), (TDG), and (TGI). Read More...

• DEBT CEILING: JUST DO IT @ CNNMoney.com
• Stars Line Up for Bulls: Dave's Daily @ TheStreet.com
• Citigroup Hackers Stole $2.7 Million @ MAINSTREET.com
• Financial, Tech Shares Drive Rally; Dow Snaps Losing Streak @ FOXBUSINESS.com

FACEBOOK

Visit the Zacks.com Facebook page and get the latest insight on stocks and the market:
Zacks On Facebook

TWITTER

Get the Zacks.com newsfeed delivered straight to your Twitter account:
Zacks On Twitter

OTHER ZACKS RESOURCES:

• Read current and past issues of this newsletter online
• Zacks.com Home Page
• All Zacks #1 Rank Buy Stocks (Premium)
• People & Picks from Zacks: Share ideas and picks with the top stock pickers in the Zacks Community. Click here.
• Ultimate Trader: Access Zacks' private services for 30 days. Get ALL their picks >>

Manage your Profit from the Pros subscription:

• Free Subscription plus 4 Strong Stock Picks
• Would you like to give us input on new products and features for Zacks.com?
• Unsubscribe

REFER-A-FRIEND

If you enjoy this e-mail newsletter, then please pass it along to a friend. Simply forward them the link below to sign up for their own free subscription. THANKS!
Refer a Friend

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

p.s. What is the mission for Zacks Profit from the Pros? To find out how we will help you become a more successful investor, click here.

Visit /performance for information about the performance numbers displayed in this newsletter.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

To contact us by mail:

Zacks Investment Research
Attn: Profit from the Pros
111 N. Canal St., Suite 1101
Chicago, IL 60606

To unsubscribe from receiving "Zacks.com Profit from the Pros"
e-mail newsletter, Click here....