Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aeropostale Inc (ARO) The AES Corp (AES) Anglo American Plc (AAUKY) Big 5 Sporting Goods Corp (BGFV) Bio-Rad Laboratories Inc (BIO) Brasil Telecom Participacoes SA (BRP) Bway Holding Co (BWY) Carmike Cinemas Inc (CKEC) Cognex Corp (CGNX) Computer Sciences Corp (CSC) Ctrip.com International Ltd (CTRP) DeVry Inc (DV) Discover Financial Services (DFS) Dolan Media Co (DM) Dow Chemical Co (DOW) Fossil Inc (FOSL) Gibraltar Industries Inc (ROCK) ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Akzo Nobel NV (AKZOY) American Express Co (AXP) American Italian Pasta Co (AIPC) America's Car-Mart Inc (CRMT) AXA (AXA) Cabot Corp (CBT) Cabot Microelectronics Corp (CCMP) CGI Group Inc (GIB) Chordiant Software Inc (CHRD) Cimarex Energy Co (XEC) Computer Sciences Corp (CSC) Cytokinetics Inc (CYTK) DRI Corp (TBUS) Duncan Energy Partners LP (DEP) Fuel Systems Solutions Inc (FSYS) Gamco Investors Inc (GBL) Genoptix Inc (GXDX) ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

The Bancorp Inc (TBBK) Barnes & Noble Inc (BKS) Bway Holding Co (BWY) EV Energy Partners LP (EVEP) Forestar Group Inc (FOR) Given Imaging Ltd (GIVN) Guess Inc (GES) Orbitz Worldwide Inc (OWW) Palomar Medical Technologies Inc (PMTI) Polo Ralph Lauren Corp (RL) Quanex Building Products Corp (NX) Rodman & Renshaw Capital Group Inc (RODM) Royal Gold Inc (RGLD) A. Schulman Inc (SHLM) Steak n Shake Co (SNS) Stone Energy Corp (...

Jo-Ann Stores, Inc. (JAS)) analysts continue to raise estimates after solid sales growth in the second quarter.

Sales Increasing

On Aug 6 the company reported net sales for the second quarter of $419.4 million, up from $403 million. Same store sales increased 1.8% since last year, which is good, but the company saw a 3.3% increase last year.

Full second-quarter results are expected later this week.

Estimates Still Rising

Since I wrote about Jo-Ann stores last month the Zacks Consensus Estimate continues to climb. The average estimate for full-year 2009 is now $1.10, up from 99 cents. Forecasts for next year are averaging $1.37, up from $1.29.

Each analyst polled by Zacks has raised their projections in that time period. Given these estimates, year-over-year earnings growth is expected to be 44% this year and another 25% in 2010.

The Chart

After the double-bottom formation I highlighted last month, shares continued to

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CACI International Inc. (CACI) recently reported record results for the fourth quarter and fiscal 2009. Quarterly revenues of $728.9 million were up 11.3% year over year and up 8% sequentially. Organic growth (excluding acquisitions) came in at 10.5%.

CACI International is a leading provider of professional services and information technology solutions to the federal government.

Operating margin came in at 7.2%, almost flat with the year-ago quarter and 6.7% in the previous quarter. Net income increased 23.0% year over year and 23.9% sequentially to $29.0 million. EPS of 95 cents easily beat the Zacks Consensus Estimate of 92 cents.

For full fiscal 2009, the company reported revenues of $2,730 million, up 12.8% from last year’s total. Organic revenue growth was 9.9%. Net income grew 14.6% year over year to $95.5 million while EPS of $3.14 was a record.

Going forward, management reiterated its prior guidance for fiscal 2010 and expects revenues between $2,850

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Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

3Com Corp (COMS) 51job Inc (JOBS) Actions Semiconductor Co Ltd (ACTS) Aeropostale Inc (ARO) Companhia de Bebidas das Americas (ABV) American Italian Pasta Co (AIPC) American States Water Co (AWR) Amkor Technology Inc (AMKR) Anworth Mortgage Asset Corp (ANH) Asbury Automotive Group Inc (ABG) Ashland Inc (ASH) Associated British Foods Plc (ASBFY) AudioCodes Ltd (AUDC) Baidu Inc (BIDU) Banco Santander SA (STD) Bank of Montreal (BMO) Barnes & ...

Ness Technologies (NSTC) is a global provider of IT services. The company recently announced a multi-million dollar contract win from Latin American government. Under this contract, Ness will provide Control command and Control system to the Latin American Government.

Although this contract is expected to positively influence the revenue stream of the company going forward, but there is no clear indication about the commencement of cash flow from it. We do not expect this contract win to provide immediate support to the company's downward moving revenue flow.

This apart, Ness faces intense competition from many established firms such as Accenture (ACN), IBM (IBM), Hewlett Packard (HPQ), Wipro (WIT), Cognizant Technology (CTSH), Computer Sciences Corp. (CSC), HCL, Electronic Data Systems, GlobalLogic, Virtusa (VRTU), Persistent and Symphony Services, which is making it tough for the company to gain additional market share. The

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The U.S. unemployment rate, currently at a level of 6.5%, could rise to 8% next year. But it could also find a ceiling sooner than expected, as more companies implement unpaid vacations and four-day workweeks to preserve jobs.

The U.S. recession may just now be entering full swing, but storm clouds have been gathering for more than a year and many companies have already trimmed payrolls. Now, the goal for many companies is to prepare for an economic rebound by finding ways to keep the their skilled productive labor intact.

“More companies are exploring alternatives to layoffs,” John A. Challenger, chief executive of consulting firm Challenger, Gray & Christmas, told BusinessWeek. “If they can keep people on until the business turns around, the company would be in much better shape to ramp up quickly.”

Dell Inc. (DELL) employees, for instance, recently received a memo

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Monday:Economic: NoneEarnings: American International Group (AIG), Carmike Cinemas (CKEC), Cinemark Holdings (CNK), Dish Network (DISH), Fuel Tech Inc (FTEK), Globalstar (GSAT), Nortel Networks (NT), Plug Power (PLUG), Sirius Satellite Radio (SIRI), Starbucks (SBUX), Tyson Foods (TSN), Virgin Mobile (VM)Tuesday:Economic: None (Veteran’s Day)Earnings: Brooks Automation (BRKS), Energy Solutions (ES), Fossil (FOSL), Liz Clairborne (LIZ), Microsoft (MSFT), Petroleo Brasileiro (PBR), TJX Companies (TJX), Tyco International (TYC), Vodophone Group (VOD)Wednesday:Economic: MBA Purchase Applications, ICSC-Goldman Store Sales, RedbookEarnings: Applied Materials (AMAT), Charlotte Russe Holding (CHIC), Computer Sciences Corp (CSC), Crocs Inc (CROX), ING Group (ING), JA Solar Holdings (JASO), Macy’s Inc (M), NetApp (NTAP), NetEase.com (NTES), The Progressive Corp (PGR)Thursday:Economic: International Trade ($-57.0B), Jobless Claims (482K), Treasury Budget ($-92.0B)Earnings: Biofuel Energy (BIOF), Clean Energy Fuels Corp (CLNE), Compugen (CGEN), Dr Pepper Snapple Group (DPS), Image Entertainment (DISK), Keynote Systems ...

Computer Task Group (CTGX) provides staffing solutions for companies in need of information technology (IT) professionals. The company primarily operates in Europe and North America. The company’s staffing services include recruiting, retaining, and managing IT talent for its clients, including both large organizations with multiple locations and high-volume IT requirements, and companies that need to augment their own staff. Computer Task’s IT Solutions business helps clients select and test new software and other technology systems.

Computer Task Group focuses on vertical market areas, including technology service providers, healthcare, and financial services. Competitors include Computer Sciences Corp., IBM and Hewlett Packard. Last month, the New York-based company said it won a contract worth up to $15 million to provide the state of Alaska with IT security services and support to the state’s task order system, according to recent media reports. The company’s services encompass the IT business solution life cycle, including

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