Best and Worst Nasdaq Stocks

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Ross Stores Benefitting from the Recession

Ross Stores (ROST) is my final strong buy. Are you surprised you haven't seen a classic tech stock yet? Don't be. The theme here is finding the strength in consumer spending. The fact is that consumers are willing to spend as long as they can find bargains.

Recently, Ross Stores dramatically increased its fiscal year profit guidance to a range of $2.62 per share to $2.72 per share. The previous range was $2.25 per share to $2.45 per share. That's a big increase, and it tells me that Ross is thriving while the high-end guys aren't doing so well. Their next earnings report is due in two weeks, and I'm expecting 40% earnings growth.

I rate ROST an A, making it an outstanding buy.

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