It's a relatively quiet week on the earnings front with only 50 companies scheduled to report, including a smattering of retailers and food companies. Only 2 S&P 500 members are on tap to report including Campbell Soup Co. (CPB) and National Semiconductor (NSM).

The economic calendar is also quiet to start the first "real" trading week in September, as Wall Street comes back from August vacations. It's a shortened trading week due to the Labor Day holiday on Monday.

Monday: Markets closed for Labor Day Tuesday: ICSC-Goldman Store Sales, Redbook Wednesday: Beige Book Thursday: International trade, weekly jobless claims, weekly natural gas inventories, weekly crude inventories Friday: Import and export prices, University of Michigan consumer sentiment survey for September, Treasury budget Volume is likely to return to more "normal" levels to start the week. Despite recent weakness in the markets, the bulls remain in charge. Wall Street will also be watching trading

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DrStockPick.com Stock Report!

Thursday August 13, 2009

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CryptoLogic (NASDAQ: CRYP), a global developer of branded online betting games and Internet casino software, today announced its financial results for the second quarter ending June 30, 2009. The company’s new business strategy delivered reduced operating costs, a solid quarter-on-quarter improvement in its Internet casino hosting business, and growing revenue from branded games launched by major Internet gaming operators. The company was profitable in June, and targets profitability for the third quarter.

Medco Health Solutions, Inc., (NYSE: MHS), the world’s most advanced pharmacy(R), today extended its initiatives addressing healthcare in Europe by entering into a joint venture with United Drug plc, a Pan-European

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

ABB Ltd (ABB) Actuant Corp (ATU) ATMI Inc (ATMI) BancTrust Financial Group Inc (BTFG) Benchmark Electronics Inc (BHE) Blyth Inc (BTH) BRT Realty Trust (BRT) Cincinnati Financial Corp (CINF) Cintas Corp (CTAS) Cleco Corp (CNL) CONMED Corp (CNMD) Dover Saddlery Inc (DOVR) Enterprise Financial Services Corp (EFSC) Ethan Allen Interiors Inc (ETH) Fairpoint Communications Inc (FRP) Fuel Tech Inc (FTEK) Hartford Financial Services (HIG) Insteel Industries Inc (IIIN) INX Inc (INXI) FirstService Corp (FSRV) JA Solar Holdings Co Ltd (JASO) JDA Software Group Inc (JDAS) Live Nation Inc (LYV) LoJack Corp (LOJN) MSC Industrial Direct Co Inc (MSM) Open Text Corp (OTEX) Pennichuck Corp (PNNW) Sanmina-SCI Corp (...

S&P 500 members Brown Forman (

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

A-Power Energy Generation Systems Ltd (APWR) Aon Corp (AOC) The Bank of New York Mellon Corp (BK) Blyth Inc (BTH) Build-A-Bear Workshop Inc (BBW) Callaway Golf Co (ELY) Cincinnati Financial Corp (CINF) Cleco Corp (CNL) CONMED Corp (CNMD) Daimler AG (DAI) Domtar Corp (UFS) DRI Corp (TBUS) Eastman Kodak Co (EK) EMS Technologies Inc (ELMG) Exelon Corp (EXC) Expeditors International of Washington (EXPD) First State Bancorp NM (FSNM) FNB United Corp (FNBN) Gaiam Inc (GAIA) Gran Tierra Energy Inc (GTE) GreenHunter Energy Inc (GRH) Haverty Furniture Companies Inc (HVT) Independent Bank Corp (IBCP) Integra Bank Corp (IBNK) Investment Technology Group (ITG) ITT Corp (ITT) Kaman Corp (KAMN) Kelly ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Aegean Marine Petroleum Network Inc (ANW) AeroVironment, Inc (AVAV) American River Bankshares (AMRB) Aon Corp (AON) Aventine Renewable Energy Holdings, Inc (AVRNQ) Benchmark Electronics, Inc (BHE) Boise Inc (BZ) BT Group Plc (BT) C&D Technologies, Inc (CHP) Cincinnati Financial Corp (CINF) CLARCOR Inc (CLC) CoBiz Financial Inc (COBZ) Cousins Properties Inc (CUZ) CRH Plc (CRH) Cumulus Media Inc (CMLS) Dayton Superior Corp (DSUPQ) Doral Financial Corp (DRL) Eastman Kodak Co (EK) Echostar Corp (SATS) EMS Technologies, Inc (ELMG) Fresh Del Monte Produce Inc (FDP) GenVec, Inc (GNVC) Helmerich & Payne, Inc (HP) HFF, Inc (HF) Hypercom Corp (HYC) Insteel Industries, Inc (IIIN) InterOil Corp (IOC) Keynote Systems, Inc ...

Shares of Talbots Inc. (TLB) are down more than 27% today after the company reported a wider than-expected fiscal fourth-quarter loss late Monday.

Talbots incurred a loss of $2.40 per share, excluding items, versus the consensus estimate for a loss of 67 cents.

The company expects to post a fiscal first quarter loss in the range of 52 cents to 47 cents per share. Analysts were expecting the company to incur a loss of one cent.

Talbots did not provide its full-year earnings forecast due to the ongoing uncertainty in U.S. economic conditions. The full-year average earnings estimate for the current fiscal year is pegged at a loss of 79 cents per share, compared to the 2 months-ago level for a loss of 78 cents.

Talbots, which is a Zacks #4 Rank ("Sell") company is trading on heavy volume of 1.1 million shares against the daily average of

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Best Buy Co. (

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The big bailout will be a key focus of the markets.

Congress is expected to meet over the weekend to discuss legislation proposed by Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson. The details of the proposal, and any additional measures designed to help homeowners struggling with mortgage payments, could impact market direction.

The temporary ban on short selling could also affect trading early in the week. Part of Friday's rally was the result of quadruple witching. Traders are being forced to close short positions rather than roll them over into new contracts.

On the earnings front, we have confirmed reports from 33 companies. Included in this group are S&P 500 members Autozone (AZO), Bed Bath & Beyond (BBBY), Discover Financial (DFS), Jabil Circuit (JBL), KB Home (KBH), Lennar (LEN), McCormick (MKC), Nike (NKE) and Paychex (PAYX). I expect

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The final week of August will feature earnings reports from S&P 500 members Big Lots (BIG), Dell (DELL), Novell (NOVL), Sears Holding (SHLD) and Tiffany (TIF). Overall, it will be a quiet week for earnings with 77 companies confirmed to report.

The economic schedule is pretty full, led by the minutes from the August Fed meeting. I don't anticipate any surprises from the notes. Other key data will include: Monday: July existing home sales Tuesday: July new home sales, August Conference Board consumer confidence index, August Fed minutes Wednesday: July durable goods orders, weekly crude inventories Thursday: Preliminary second-quarter GDP, weekly initial jobless claims Thursday: July personal income and spending, August Chicago PMI, revised August University of Michigan consumer confidence

The Federal Reserve's web site does not list any upcoming speeches.

The U.S. financial markets will be closed on Monday, Sep 1, in observance of Labor Day. Ahead of

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