Zacks.com featured expert Kevin Matras highlights: Colfax Corp., CNH Global N.V., W.W. Grainger, Inc., iRobot Corp. and Parker Hannifin Corp.

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Chicago, IL – November 15, 2011 - Stocks in this week's article include Colfax Corp. (NYSE: CFX), CNH Global N.V. (NYSE: CNH), W.W. Grainger, Inc. (NYSE: GWW), iRobot Corp. (NASDAQ: IRBT) and Parker Hannifin Corp. (NYSE: PH). Kevin Matras shows how to find winning stock-picking ideas in the government's 'boring' economic reports.

Screen of the Week written by Kevin Matras of Zacks Investment Research:

Every week the government and other entities release economic reports that cover all areas of the economy. On virtually any given day, there could be anywhere from one to a handful of reports. And while the financial media does cover them, they usually focus on headline numbers without doing a deeper dive.

This is unfortunate because often within these reports exists money making details that can quickly be uncovered with just an extra few minutes of reading.

For example: in last week's International Trade data, it showed that one of the biggest export categories was in the industrial products and materials industry. That was a tip that the industrial stocks should see more of a lift and that others in the global economy were doing better. A welcome bit of news after the relentless Euro-zone stories that painted a depressing economic picture at best.

Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups.

Profitable stock ideas can come at any time and any place. But instead of waiting for the next great stock to fall into your lap, you can actively search for them. And by reading a few extra reports and then putting those ideas into a capable screener, you'll soon be amazed at some of your newest picks. And you'll feel pretty smart after finding them too.

For the rest of this Screen of the Week article, please visit Zacks.com at: http://www.zacks.com/commentary/19439/

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

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