A drop in the number of newly laid-off workers and upbeat remarks from bellwether Cisco Systems injected confidence about an economic recovery ahead of this morning’s highly expected October jobs report, propelling the Dow average to its first close above 10,000 in two weeks. 

Cisco Systems’ (NASDAQ:CSCO) CEO John Chambers said he now sees a global economic recovery, fueling a rebound in the company’s sales this quarter.  The Dow average jumped 203 points, or 2%, while the tech-heavy NASDAQ, riding high on Cisco’s forecast, bolted up 50 points or about 2.4%. 

All ten S&P 500 industry groups ended in the green, with banking shares advancing 2.6% as analyst Dick Bove of Rochdale Securities noted the group will double by the end of 2010.  Technology shares advanced 2.2%.  Qualcomm Inc. (NASDAQ:QCOM) jumped 5.4% to $43.85 and Microchip Technology Inc. (NASDAQ:MCHP) gained 3.9% to $25.37 after it was raised to “buy"

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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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Monday October 12, 2009

DrStockPick.com Stock Report!

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Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today introduced its Synphony HLS (High Level Synthesis) solution that integrates M-language and model-based synthesis to deliver up to 10X higher design and verification productivity than traditional RTL flows for communications and multimedia applications. Synphony HLS creates optimized RTL for ASIC and FPGA implementation, architecture exploration and rapid prototyping. In addition, Synphony HLS complements C/C++-based flows by generating C-models for system

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For Immediate Release

Chicago, IL - June 25, 2009 - Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis include Stericycle (SRCL), Quest Diagnostic (DGX), Biogen Idec (BIIB), AmeriSourceBergen (ABC), Abbott Labs (ABT), Sunoco (SUN), Tesoro (TSO), AK Steel (AKS), Nucor (NUE), United States Steel (X), Fifth Third (FITB), First Horizon National (FHN), Zions Bancorp (ZION), Suntrust Banks (STI), Franklin Resources (BEN), AllianceBernstein Holding (AB), Texas Instruments (TXN), National Semiconductor (NSM) and Micron (MU).

Zacks Industry Rank Analysis is written by Charles Rotblut, CFA, Senior Market Analyst for Zacks.com.

This Week: Second-Quarter Earnings Outlook

Second-quarter earnings will be ugly.

Median EPS is projected

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Second-quarter earnings will be ugly.

Median EPS is projected to drop 21.2%. Nearly 75% of S&P 500 members are forecast to report earnings that are lower than a year ago. 62 companies are projected to have lost money.

These numbers are not unexpected given that we remain in the midst of a recession. They could even prove to be too pessimistic given the propensity of companies to surprise and the relative improvements in economic conditions.

Growth Industries

The one sector projected to show the strongest growth is also the one with the highest political risk - Medical. The majority of medical care providers, health insurers, pharmacy benefit managers and drug companies should report a year-over-year increase in profits.

Zacks #2 Rank ("buy") stocks expected to report growth include Stericycle (

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Kelyniam Global, Inc. [[OTC:KLYG]] is an advanced design, engineering, manufacturing and rapid prototyping company specializing in the use of CADCAM (Computer Aided Design Computer Aided Manufacturing) technology. KLYG will be manufacturing artificial bone implants for cranial, orthopedic, dental and cosmetic medical applications from FDA approved polymers (which is summarized in a nine minute new medical video on YouTube at this link).

The new medical video provides more details on how KLYG plans to apply Bio-CADCAM to produce high precision replicas of cranial bones for implantation in the cause of trauma or injury. An 11-page stock profile report is also available in the stock research section of BioMedReports.com in PDF format for users to view or download free of charge at this link.

The Company’s medical technology process starts with CT scan data (e.g. cranial bones), which is converted to CADCAM data to drive machines in the creation

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Asian stocks recorded hefty gains on Thursday, including a 4% rally in Tokyo's Nikkei as Japan unveiled a big stimulus package aimed toward stimulating economic growth.  The Nikkei 225 stock average jumped 321.05 points or 3.74% to 8,916.06, after the government announced a $154 billion economic stimulus package and data showed an unexpected increase in the country's machinery orders. The Bank of Korea, which kept the rates unchanged at 2%, said it was keeping the option of cutting rates open. The comments sent benchmark Kospi up 4.3% to 1316.35, a six-month closing peak.  Hong Kong's Hang Seng index gained 2.3%.

U.S. stocks showed resilience yesterday as investors took heart from reports the Treasury will allow some troubled insurers access to remaining funds under the TARP program.  Today's post of retailers' March same-store-sales figures will also be closely watched for indications of consumer spending trends.

Premarket futures improved

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Banks - Keep Those Books Closed

by Alexander Wissel Editor in Chief, Investment U

Editor’s Note: To listen to some of the arguments and discussions through Capitol Hill and the halls of the Federal Reserve, you would almost think you were back in elementary school. He-said, she-said, is running rampant as lawmakers and industry groups alike are clamoring to know exactly what every bank receiving bailout funds is doing with taxpayer money.

The Federal Reserve and the Bush Administration have done themselves a great disservice by not squashing these requests immediately. Let’s think about why a public corporation wouldn’t want to disclose what they are doing with the money: It’s called competition. Each of these companies shouldn’t have to disclose what they are doing. The only individuals these companies answer to are their board and their creditors – both through appropriate channels. If the government was so keen on knowing, they should have

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It was nice to see oil stop rising to the moon and for stocks to still continue higher as a constant rotation from commodity into higher quality tech stocks does seem to be evolving. In fact, it appears commodity stocks are going to continue higher with those new leaders that are starting to emerge. I can only pray that this trend of prettier charts and higher quality longs continues to show in the market. There is no doubt when you see longs like HRS, PVA, FMC, COP, FST, JOYG, TUP, CRK, BUCY, and CLR move like they did today that we do not have some sort of speculative action in oil longs. Along with this action, you can see a lot of technology industries moving higher on the list of IBD industry groups. There is only one way to spin that: bullish. The great thing that some commentators were actually complaining about ...