For Immediate Release
Chicago, IL – February 2, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Automatic Data Processing (NasdaqGS:ADP - News), Whirlpool (NYSE:WHR - News), IAC Interactive (NasdaqGS:IACI - News), Amazon (NasdaqGS:AMZN - News) and NYSE Euronext (NYSE:NYX - News).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
A Plethora of Earnings & Econ Data
Favorable manufacturing data out of China and Europe appears to have put U.S. stocks in a positive mood today even as we wait for a key manufacturing report of our own a little later. The market will also be trying to handicap the all-important jobs report on Friday from this morning’s in-line reading from payroll processor Automatic Data Processing (NasdaqGS:ADP - News).
A total of 170K private sector jobs were in created in January according to the ADP, matching expectations. On the negative side, the jobs numbers for December were revised downwards by 33K to 292K. The big deceleration from the December notwithstanding, the ADP report is still ahead of expectations for private sector jobs in Friday’s government jobs report.
The gains were broad-based across industries and business sizes. More than half of the January job gains came from small businesses with fewer than 50 employees. Medium-sized businesses, those with less than 500 employees, accounted for most of the rest of the gains.
The ADP tally sets the tone for Friday’s government jobs report, which is expected to show headline job gains of around 130K. The drop from the December level, when 200K jobs were created, primarily reflects the reversal of one-time gains that month due to seasonal factors. The overall trend on the labor market front remains favorable as confirmed by the steady downtrend in the weekly Jobless Claims data. I would expect the employment component of the manufacturing ISM report, coming out a little later, to show the same trend.
On the earnings front, we have Whirlpool (NYSE:WHR - News), the maker of Maytag and KichenAid branded home appliances, come out with better-than-expected recurring earnings this morning on roughly in-line revenue numbers. IAC Interactive (NasdaqGS:IACI - News) beat earnings and revenue expectations.
But the focus today will be Amazon’s (NasdaqGS:AMZN - News) underwhelming report after the close on Tuesday as the online retail giant continued to invest in its own business. The company has quite a reputation for sacrificing near-term profits for long-term growth, and that appeared to be the theme in this quarterly report as well. In other corporate news, the pending tie-up between NYSE Euronext (NYSE:NYX - News) and Deutche Borse was nixed by EU regulators on anti-trust grounds.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: https://twitter.com/zacksresearch
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
More From Zacks.com