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/
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: http://at.zacks.com/?id=5529
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.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here http://at.zacks.com/?id=5530
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics 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 http://at.zacks.com/?id=5531
Follow us on Twitter: https://twitter.com/zacksresearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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