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Dear Subscriber,
Retail sales rose 0.5% last month on an ex-auto basis. This estimate from the Commerce Department helped to send shares of many retailers higher yesterday.
Though the increase might seem strange given that unemployment is rising towards 10%, many consumers are starting to spend. This is leading several retailers to increase their earnings guidance.
I explain the trends and tell you about five Zacks #1 Rank ("strong buy") retailers in the Industry Rank Analysis.
Read: Retailers’ Registers Are Ringing
Though the Dow finally got above 10,000, the economy is still not completely out of the woods.
In the minutes from the September meeting, the Fed painted a picture of a recovery that is starting to take hold, but remains fragile. Dirk van Dijk discusses the Fed’s viewpoint in our Analyst Blog.
Read: Fed's Economic Outlook Decoded
Wishing you prosperity,
Charles Rotblut, CFA
Senior Market Analyst & Editor,
Profit From the Pros
Today's Top Stories: Thursday- October 15, 2009
ZACKS RANK BUY STOCKS
- Aggressive Growth - Discover Financial Services (DFS) shocked analysts by reporting a profit of 52 cents per share on net income of $577 million. The Zacks Consensus Estimate for full-year fiscal 2009 is now 7 cents, up from a loss of 99 cents prior to the report. Read More...
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Growth & Income - Phillips-Van Heusen Corp. (PVH) is seeing bullish forecasts. Analysts polled by Zacks are calling for earnings of $2.46 per share. Last month, the Zacks Consensus Estimate stood at $2.43 and was pegged at $2.31 two months ago. Read More...
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Momentum - Legg Mason, Inc. (LM) estimates continue to climb as optimism builds, with the current year adding 22 cents in the last 90 days to $1.23 per share. The next-year estimate is pegged at $1.54, a 25% growth projection. Read More...
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Value - Corinthian Colleges Inc. (COCO) has surprised on estimates the last 3 quarters in a row by an average of 25.09% as enrollment has soared. The company has both growth and value characteristics. It has a PEG ratio of just 0.7. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
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ZACKS MUTUAL FUND RANK
- Best of Funds: Top Small-Cap Equity Funds
A couple of small caps that stand to deliver big rewards are Dean Small Cap Value A (DASCX) and Delaware Pooled Small-Cap Growth Equity (DPSGX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
- Bull Of The Day:
Sangamo Biosciences (SGMO)
Full Zacks research report: Read More...
- Bear Of The Day:
Conmed Corp. (CNMD)
Full Zacks research report: Read More...
- ZACKS INDUSTRY OUTLOOK: Telecommunications Industry
Companies in the telecommunications industry continue to be at the forefront in terms of mergers and acquisitions. We see opportuinity in (QCOM), (VOD), (CHL), (DOX) and (TLAB). Read More...
- Centennial (CYCL) Beats Forecast on Lower Cost
- Acergy (ACGY) Tops but Lowers 2010 View
- TranS1 (TSON) Trims Third Quarter Outlook
PERSONAL FINANCE: provided by Kiplinger.com
EDUCATION: Growth and Income
The Tax Cut on Dividends Read More...
PeopleAndPicks.com:
VIP "MightyMo" is picking the plays. "I plan on starting a series of blogs to review, in my opinion, the best stock 'TO PLAY'' in each of their respective sectors." Read More...
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Regards and Happy Investing,
Charles Rotblut, CFA
Senior Market Analyst
Zacks.com
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