• Starbucks (NASDAQ:SBUX) reported fourth quarter earnings of 24 cents a share, up from last year's 10 cents, above Zacks estimates of 21 cents, as revenues dropped 3.7% to $2.42 billion. The firm raised its 2010 guidance to 15-20% earnings growth from prior guidance of 13-18% growth

• Hyatt Hotels (NYSE:H) shares gained 12% on their NYSE debut.  The company sold 38 million shares at $25 per share

• JP Morgan (NYSE:JPM) lifted its price target on Ford (NYSE:F)

• The smartphone marketplace will watch today's launch of Verizon's (NYSE:VZ) much-heralded new "Droid" launch, using Google's (NASDAQ:GOOG) Android operating system

• AIG (NYSE:AIG) reported third quarter earnings of $2.85 ex-items

• Bernstein upgraded General Electric (NYSE:GE) and Amazon.com (NASDAQ:AMZN) shares

• JP Morgan (NYSE:JPM) upgraded Macy's (NYSE:M) shares

• Deutsche Bank (NYSE:DB) upgraded Blue Nile (NASDAQ:NILE) shares, lifting the price target from $30 to $50

Zacks Investment Research

It isn't fun being a value investor right now. Just 8 months ago, value investors had the stock markets at their feet. The S&P 500 was trading at just 10 times earnings, and some blue chips were trading at multi-decade lows.

And then, poof!

Before value investors could even blink, stocks moved higher and, so far, haven't looked back. Over the next 8 months, the valuation on the S&P 500 nearly doubled.

Make no mistake; the rally has been great. Every investor has benefitted. For value investors, current market conditions are both the best of times and the worst of times.

Who doesn't feel a tinge of jealousy as growth investors cash in on multi-decade highs for stocks like Amazon.com? If you're like me, sometimes it's tempting to just throw in the towel and follow the crowd into the growth stocks, even if they are trading with P/Es at 50 or higher.

But never

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Clear-Lite Holdings, Inc. is a leading innovator of eco-friendly Compact Fluorescent Lights (CFLs), lamps, and commercial lighting products. ClearLite’s newest offering, ArmorLite™ SAFETY ECO CFL™, helps capture broken glass and mercury. The Company has strategic partnerships with major global manufacturers as well as cost-effective sales and logistics channels with offices in Florida, Illinois, California, and Canada.

The Company’s current line of CFLs is Energy Star® qualified and designed to meet RoHS standards (Reduction of Hazardous Substances). They are also UL approved in the United States and Canada. Clear-Lite Holdings, Inc.’s products are for the retail and industrial/commercial markets in the United States and Canada. ClearLite sells their products under the ClearLite® brand and private label names. In addition to CFL bulbs and lamps, ClearLite will soon introduce a line of Dimmable CFL, CCFL, Fluorescent, Energy Saver Halogen and LEDs.

Earlier this month, Clear-Lite Holdings, Inc. announced that their Full Spectrum Compact

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• Amazon.com (NASDAQ:AMZN) reported better-than-estimated third quarter earnings of 45 cents, ahead of Zacks estimates of 33 cents as revenues soared 28% to $5.45 billion, up from estimates of about $5 billion. For the fourth quarter the firm said it expects revenues of $8.125-$9.125 billion

• American Express (NYSE:AXP) reported earnings of 44 cents for the third quarter, versus Zacks estimates of 36 cents, as revenues of $6 billion were ahead of estimates of $5.9 billion. Consolidated loss provisions declined 13% to $1.2 billion

• Dover (NYSE:DOV) reported 10 cent better-than-projected earnings of 58 cents a share on inline revenues of $1.5 billion, down 23.7% y/y • Honeywell (NYSE:HON) reported third quarter earnings of 76 cents a share, beating Zacks estimates by 4 cents a share, as revenues of $7.7 billion, off 17%, were below estimates of $7.91 billion

• Ingersoll-Rand (NYSE:IR) beat Zacks estimates by 9 cents on earnings of 70 cents. Revenues

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Weak global economic conditions and a downgrade of Well Fargo by prominent banking analyst Richard Bove spooked investors even as Morgan Stanley and Yahoo reported better-than-expected earnings.  The Dow Jones industrial average slipped below the 10,000 level yesterday as markets pulled back in the final hour of trading.

Bove of Rochdale Securities said earnings at Well Fargo (NYSE:WFC) were helped by mortgage-servicing fees rather than improving business trends, and trimmed his rating on the bank to “sell" from “hold."  However, Well Fargo and Morgan Stanley (NYSE:MS), which reported its first quarterly profit in a year, were behind the market’s strength earlier in the session.  Bove also cited accelerating loan losses at the firm for the downgrade.  After Bove’s cut, FBR slashed its rating on the firm to "underperform," questioning Well Fargo's earnings quality.

The Dow Jones industrial average fell below the psychologically important 10,000 level, declining 92.12 points, or

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Companies featured in this edition of the newsletter: CHIP, ENZ, GERS, IWEB, OMCM, ONEZ, XSNX

Markets hit fresh highs for ‘09 yet again last week, as the first round of earnings helped to assuage investor concerns that operating results would underpin robust gains in equities this year. All told, the Dow gained 130 points to end the week at 9995 after briefly cracking the 10,000 mark, gaining 1.3% on the week and extending its gains to 13.9% on the year. The Nasdaq gained 0.8% on the week to close at 2156, up 36.8% on the year, while the S&P 500 and Russell 2000 gained 1.5% and 0.2% respectively, bringing their YTD totals to 20.4% and 23.4%.

Earnings stole the spotlight last week as things got off to a strong start early with JP Morgan handily beating expectations calling for $0.51 per share, reporting earnings of $0.82 per share. Citigroup

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U.S. District Judge Denny Chin has given Google Inc. (GOOG), the Authors Guild and the Association of American Publishers until Nov 9 to submit a fresh proposal to address the concerns put forward by the Justice Department.   The original agreement for $125 million was announced in October last year in response to separate lawsuits filed by the Authors Guild and the Association of American Publishers.   The Justice Department has said that the agreement raises legal concerns with respect to antitrust law, reduces competition among publishers (if Google gets exclusive rights) and opens the door to price escalation as a result of Google’s monopoly.   The Judge did not set a deadline for objections after the new agreement was tendered. However, he stated that only objections related to the changes made in the new agreement would be considered, as the previous agreement had already been considered and ...

• Boeing (NYSE:BA) announced it will take a third quarter charge of $1 billion due to higher production costs and difficult market conditions for its 747-8 program. The firm will also delay, until 2010, the initial flight of its 747-8 jumbo freighter

• Microsoft (NASDAQ:MSFT) released its new mobile-phone software to take on Apple's (NASDAQ:AAPL) iPhone

• Amazon.com (NYSE:AMZN) announced the company will begin selling an international version of its e-reader in over 100 countries. The firm also lowered the price of

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Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Thursday October 1st, 2009

DrStockPick.com Stock Report!

IMCI, IBM, PWRM, ADSK, CSRH, CVAT, ADBE, HON

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IMCI, Infinite Group Inc., IMCI.OB

IMCI is a world-class IT services and solutions provider serving a range of government and commercial organizations. Headquartered in Pittsford, New York, with offices in the Washington, D.C., metropolitan area and Colorado Springs, Colorado, IMCI is focused on the following, interconnected practice areas: IT Infrastructure Services, Virtualization and Consolidation, Cloud Computing, Project and Program Management, and Business and Technology Integration. IMCI is dedicated to the alignment of business and technology initiatives, and the delivery of superior results.

IMCI’s division Cloud-CastSM announced that

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Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

Thursday October 1st, 2009

DrStockPick.com Stock Report!

CMCSA, PWRM, CSCO, AQNM, IMCI, BHI

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3’s patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis of disease, identify protein biomarkers, and drug targets. Diagnostic tests are targeted toward markets with critical unmet needs in areas including neurodegenerative disease (NuroPro) and breast cancer (BC-SeraPro). Power3 expects to

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