For Immediate Release
Chicago, IL – March 2, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Wal-Mart ( (WMT - Free Report) , Costco (COST - Free Report) , Limited Brands ( , Zumiez (ZUMZ - Free Report) and Clear Channel Outdoor ( (CCO - Free Report) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: https://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
Plethora of New Info – Most of It Good
Fed-watch aside, investors have two broadly positive economic releases this morning in the Jobless Claims and Personal Income & Outlays reports. The monthly Personal Income & Outlays report for January was a tad shy of expectations, but pointed to continued positive improvement in the economy.
Wednesday’s favorable revision to the fourth quarter GDP, driven mostly by the Personal Income & Outlays component, is pointing towards positive momentum coming into the first quarter. The income strength is particularly noteworthy, as it is likely reflecting more resilience in the labor market than captured by the official payroll data.
We will get the official February jobs numbers on Friday next week, but all indicators are pointing towards momentum building in the labor market. This morning’s Jobless Claims data is just the latest in that regard, which will likely get further confirmation by the employment component of today’s ISM report.
Initial Jobless Claims came in better than expected – down 2K to 351K vs. expectations of a modest rise. The prior week’s tally was modestly revised upwards to 353K from the originally reported 351K. The four-week average, which smoothes out the week-to-week fluctuation, dropped 5.5K to 354K, the lowest level since March 2008. This key data series has been consistently moving favorably in recent weeks, contrary to initial skepticism on the part of some in the market, pointing to a steadily healing U.S. labor market.
In corporate news, we got a 9% dividend hike from Wal-Mart ( (WMT - Free Report) this morning. We are also getting February same-store sales numbers from a host of retailers this morning, with better than expected results from Costco (COST - Free Report) , Limited Brands ( and Zumiez (ZUMZ - Free Report) . Shares of Clear Channel Outdoor ( (CCO - Free Report) will be in the spotlight today following the company’s announcement this morning of a special dividend for its Class A and B shares.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: https://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: https://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at https://at.zacks.com/?id=5518.
Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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.
Zacks Investment Research
800-767-3771 ext. 9339