Zacks.com, the online unit of Zacks Investment Research Inc., Chicago, has identified four stocks, including Wells Fargo & Co., on its Brokerage Buy List portfolio.The portfolio consists of stocks that currently appear on the core recommended lists of at least three of the top 14 brokerage firms, Zacks said. The company noted that Wells Fargo's mortgage earnings were lower in the fourth quarter than they were a year earlier, but that most of its other businesses recorded double-digit earnings growth. "The company is a large-cap stock to own for the long term, according to three of the top brokerages," Zacks said. The other three stocks cited by Zacks from its Brokerage Buy List are Apache Corp., CVS Corp., and PepsiCo. The company can be found online at http://www.zacks.com.
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The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
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The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
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