Zacks Analyst Blog Highlights: Research in Motion, Healthsouth, J. C. Penney, Potash Corp. of Saskatchewan and Weatherford. – Press Releases | Stock Market News & Stocks to Watch from StraightStocks

Zacks Analyst Blog Highlights: Research in Motion, Healthsouth, J. C. Penney, Potash Corp. of Saskatchewan and Weatherford. – Press Releases

Source: http://www.zacks.com/stock/news/20834/Zacks+Analyst+Blog+Highlights%3A+Research+in+Motion%2C+Healthsouth%2C+J.+C.+Penney%2C+Potash+Corp.+of+Saskatchewan+and+Weatherford.+-+Press+Releases
Posted on Monday, June 8th, 2009 | In Market Commentary, Stocks to Watch

Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

For Immediate Release

Chicago, IL – June 8, 2009 – 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: Research in Motion (RIMM), Healthsouth (HLS), J. C. Penney (JCP), Potash Corp. of Saskatchewan (POT) and Weatherford (WFT).

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Here are highlights from Friday’s Analyst Blog:

Big, Positive Surprise in Jobs Data

It’s important to realize that though first-quarter earnings were better-than-feared and stocks have rallied since early March, full-year corporate earnings projections haven’t moved very much. Though we are seeing the earnings estimate revisions ratio (total positive revisions divided by total negative revisions) improve, top-down profit forecasts for the S&P 500 have been essentially unchanged.

At the same time, stocks and commodities have rallied since March. The upward moves have been fueled by a shift in risk tolerance. Though there are still things that could go bump in the night, I am more optimistic now than I was 2 months ago.

Given this backdrop, investors need to move off of the sidelines, while still remaining selective. Look for companies that could benefit from the recovery, such as Research in Motion (RIMM), and combine them with less economically sensitive names like Healthsouth (HLS). At the same time, don’t chase stocks whose valuations have become overly optimistic, such as J. C. Penney (JCP).

As far as the commodities rally, tread carefully, as some companies like Potash Corp. of Saskatchewan (POT) will be affected by factors outside of the economy. Conversely, other companies, like Weatherford (WFT) should provide better exposure to the early-cycle improvements.

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