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Tuesday October 13, 2009

DrStockPick.com Stock Report!

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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) has announced that it has filed PCT patent applications for new International Patent protections for its Nano Cavitation Technologies

Medtronic, Inc. (NYSE: MDT), announced today the initiation of a feasibility study of an interventional treatment for erectile dysfunction (ED) that uses a specially-designed drug-eluting stent system. The study, called ZEN (Zotarolimus-Eluting Peripheral Stent System for the Treatment of Erectile Dysfunction in Males with Sub-Optimal Response to PDE5 Inhibitors), is being

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Spurred by a desire of home buyers to get in under the wire of the $8,000 “first time" homebuyer tax credit that expires at the end of November, the National Association of Realtors' pending sales index jumped 6.4% to a reading of 103.8 from 97.6 in July. This was the highest reading since March of 2007. Another factor in the increase is the rise in the number of short sales (people selling the house for less than the amount of the mortgage, with the OK of the bank holding the mortgage) which involve a lot more paperwork and thus a longer time between the agreement to buy and the actual closing. Still, this is some more evidence that we have turned the corner in the housing market. That turn has been helped along by an extraordinary amount of government assistance. Not just the tax credit, which is ...

Two seemingly unlikely candidates are sitting near the top of the Zacks Industry Rank List: Furniture and Retail-Home Furnishings.

Given the macroeconomic environment, it would be reasonable to assume that people are not spending on furniture. The numbers support this assessment. La-Z-Boy (LZB) recently reported an 18.3% drop in quarterly net sales. Ethan Allen (ETH) experienced a 41% drop.

Yet, several analysts have recently raised their fiscal 2010 profit forecasts on both companies.

The Worst May Be Over

Though the furniture industry is certainly not healthy right now, there are signs that the worst of the storm may have passed.

Bottom-line results for both companies surpassed expectations. ETH's positive surprise was its first in 4 quarters. The company lost 23 cents per share, 2 cents less than analysts had feared. LZB earned 5 cents per share, its second consecutive positive surprise.

The housing industry is moving

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For Immediate Release

Chicago, IL – August 10, 2009 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Wal-Mart (WMT), J.C. Penney (JCP), Kohl's (KSS), Macy's (M), Cree, Inc. (CREE) and Ethan Allen (ETH). To see more earnings analysis, visit http://at.zacks.com/?id=3207.

Every day, Zacks.com makes 4 stock picks available, free of charge. To see them, go to http://at.zacks.com/?id=5612.

This Week's Events

Retailers will start to release second-quarter results this week, accounting for nearly 10% of the 246 scheduled reports. Dow component Wal-Mart (WMT) will be joined by 15 other members of the S&P 500, including J.C. Penney (JCP), Kohl's (KSS) and Macy's (M).

The Fed will hold a 2-day meeting on Tuesday and Wednesday. No change in interest rates will be made, though the statement should acknowledge that the economy

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