Back to top

Macro View

It's not just Bob Geldof and the Boomtown Rats who don't like Mondays. (Geez, how old am I, anyway?) Following Friday's strong gains which pushed the Dow past 1400 for the first time in 5 years -- even though there was a weaker-than-expected non-farm payroll number Friday morning -- futures have fallen below the 1400 level in the pre-market this morning.

Friday's jobs report did show some market-pleasing upward revisions from previous months, which helped boost the market during the last trading session. And Eurozone issues have lain fairly dormant as of late, removing a resistance barrier that has been rather persistent over the past few years. But with the FTSE dipping a bit in Europe today and some psychological resistance to maintaining the 1400 Dow level, futures have slipped in this morning's pre-market.

There doesn't seem to be much weighing on sentiment either way ahead of normal Monday trading. OK, there's a report of political corruption in Spain ("What?!") and a promise from Italy's Berlusconi to cut taxes if re-elected ("No way!"). But this is small potatoes relative to news we've gotten from Europe in the past.

Oracle (ORCL - Analyst Report) is expanding through the acquisition of Acme Packet (APKT) for $1.7 billion, or a 22% increase over Friday's share price. So you're loving this Monday if you owned the small-cap gear maker.

Also, some select Super Bowl ad buyers made the most of the Big Game's technical malfunction last night (not to be confused with a "wardrobe malfunction;" it was Beyonce who provided halftime entertainment, not Janet Jackson) by utilizing Twitter during the game's lights-out downtime to win themselves millions of dollars in free advertising. Tweets from Oreo (MDLZ - Analyst Report), Tide (PG - Analyst Report), Audi (VLKAY) and other companies showed their social media savvy by pumping the "Twittersphere" with ads while football fans -- heck, everybody -- awaited the return of the hotly contested matchup.

Earnings season begins to enter its back-stretch this week. We've seen relatively strong results, although massive downward revisions earlier in Q4 have a lot to do with this. That said, there is little resistance to a bullish market in a general sense, although investors may need to weather some near-term bearishness today. Ah, Mondays.


A Super Year for Stocks?

Q4 Earnings: Past the Halfway Mark

4 Winners from this Earnings Season

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

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 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%