You are being directed to ZacksTrade, a division of Zacks & Company and licensed broker-dealer. ZacksTrade and Zacks.com are separate but affiliated companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The market was around breakeven early Thursday after an inline Jobless Claims report and mixed earnings announcements. Unfortunately, at 10am ET we got soft readings from both the Philly Fed and Leading Indicators. Quickly the market broke through 1550 and plummeted to the next area of support at 1541 (50 day moving average).
We wrestled over the 50 day for most of the session ending the day right at the mark. So this is the new battleground to fight over.
At this stage we have enough information to grade earnings season. Given a combination of the lack of negative pre-announcements + early reports = Grade of B.
Generally that's good news for stocks. However, when the market is sitting at all-time highs, then B isn't going to cut it... especially not good enough in conjunction with a recent slate of softer than expected economic reports in the air.
This same atmosphere was all investors needed the past 3 April's to embark on a correction. Likely that is the case here again. Look for spots to buy back in around 1500.
The days of paying for costly software upgrades are numbered. The PC will soon be obsolete. And BusinessWeek reports 70% of Americans are already using the technology that will replace it. Merrill Lynch calls it "a $160 billion tsunami." Computing giants including IBM, Yahoo!, and Amazon are racing to be the first to cash in on this PC-killing revolution.
Yet, a small group of little-known companies have a huge head start. Get the full details on these companies, and the technology that is destroying the PC, in a free video from The Motley Fool.
Some 900 companies will report earnings in the next few days. Meanwhile, a Zacks whisper breakthrough is targeting a handful of positive surprises before reports are released. These predictions are made with previously unthinkable accuracy.
Imagine buying a stock a couple days ahead of its report and then selling after its price "pops." Important: This strategy is in high demand and closes to new investors Saturday, April 20.
This free resource is being sent by Zacks.com
to our subscribers. We look for investment resources and inform you of
these resources, which you may choose to use in making your own
investment decisions. Zacks is providing information on this resource to
you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
This material is being provided for informational purposes only and
nothing herein constitutes investment, legal, accounting or tax advice,
or a recommendation to buy, sell or hold a security. No recommendation
or advice is being given as to whether any investment is suitable for a
particular investor. It should not be assumed that any investments in
securities, companies, sectors or markets identified and described were
or will be profitable.
information is current as of the date of herein and is subject to
change without notice. Any views or opinions expressed may not reflect
those of the firm as a whole. Zacks Investment Research does not engage
in investment banking, brokerage, market making or asset management
activities of any securities. Visit www.zacks.com/performance for information about the performance numbers displayed in this press release.
If you would prefer to not receive future profit-producing emails from Zacks.com the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please click here and confirm your request. If you have trouble with the unsubscribe link, please email firstname.lastname@example.org.