Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
- Latest News
- Most Popular
- How to Invest in QE's Twilight
- RTI: Fed Keeps QE Pace Unchanged
- ETFs on the Move After Bernanke's Press Conference
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- Your Next Stock Should Be Making New Highs
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SONIC FOUNDR | SOFO | 4.40% |
| SUPPORTCOM I | SPRT | 3.75% |
| UNISYS CORP | UIS | 3.31% |
| SHORETEL INC | SHOR | 3.22% |
| GREEN MOUNTA | GMCR | 3.13% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
China's Central Bank cut its 1-year benchmark lending rate and its 1-year deposit rate by 25 bps each. The 1-year lending rate now stands at 6.31% and the 1 year deposit rate at 3.25%.
Why is this such a big deal? China has not cut rates since the height of the financial crisis, in December 2008. It has, however, been cutting reserve ratios for the banks in 2012. This was done to encourage the big banks to lend. It was believed that another cut to those ratios would be coming soon but instead the Central Bank went full out with the interest rate cuts. Some recent signs of slowing include: 1. 30 Panamax or Capesize vessels carrying coal are apparently floating off of China's coast as traders have been unable to resell them to end-users. 2. Coal stockpiles at China's biggest coal port, Qinhuangdao port, are up 40% year over year to 8.7 million metric tons. 3. Iron ore inventories are up 10% nationwide from the same time last year. 4. Auto inventories surged to more than 60 days in May, up from 45 days at the end of April. Price cutting usually occurs when inventory exceeds 45 days. 5. Demand for bank loans from the Big Four state-owned banks declined in May to 234 billion yuan from 263 billion. 6. Macau gambling revenue rose just 7.3% in May, the slowest pace of growth since July 2009. 7. HSBC PMI for May fell to 48.4 from 49.3 in April. It has been under 50, which signals contraction, since October 2011. HSBC is not the "official" PMI but it surveys smaller companies and more of those tend to be private, instead of government owned. "Official" PMI fell to 50.4 from 53.3 in April which is just above contraction. Many of the major North American industrial manufacturers, who saw the slowdown happening 6 months ago in their Chinese sales data, predicted in January that there would be a Chinese rebound in the second half of 2012. But it's now June. The second half of the year is looming. Does the sudden interest rate cut signal that China's Central Bank is now worried about a hard landing? RELATED ARTICLESLifeline for Spain Ahead of Greek Vote
Wall of Worry Market Won't Climb
Why I'm Not Buying this Rally