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Elements Ripe for Breakout

How are you enjoying August so far?

Yes, that is a rhetorical question because the flow of economic data made it easy for stocks to breakout above 1700 to new highs. In that parade of data we had:

•  Jobless Claims ebbing lower to 326K which corresponds well with higher job adds.

•  ISM Mfg soared to 55.4 vs. 50.9. Plus New orders thriving at 58.3.

•  PMI Mfg corroborates ISM strength moving up to 53.7 with New orders at 55.5.

•  And just for good measure European manufacturing came in at an expansionary pace above 50 for the first time in a year.

This all bodes well for a further breakout above 1700 as the large stockpile of investor cash finds a better home with stocks.

Featured Commentaries:

•  3 Breaking Bad Stocks to Get High On

Oil ETFs Surge on Strong Data

•  Who's Afraid of New Highs?

•  Options Strategies: Intrinsic Value vs. Time Value


Steve Reitmeister (aka Reity...pronounced "Righty")

Executive Vice President

Zacks Investment Research

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Bull & Bear of the Day

Zacks Rank #1

Alliance Fiber Optic (AFOP)

An investment in this fiber optic company will make your portfolio shine.


Zacks Rank #5

Rentech (RTK)

Earnings need more than fertilizer to grow as the industry sees wide scale price declines.

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Options Strategies

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We explain what this new proprietary metric means and how investors can make use of it.

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We discuss why this earnings season is actually weaker than it looks on surface.

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The balance of power could be shifting in the potash world, putting these agribusiness ETFs in focus.

Earnings HQ

Today's Noteworthy Earnings Before the Bell:   ››  SEEJOUTCVXUSMLNTCHDNRFEGOCVCEAT

Today's Noteworthy Earnings After the Bell:   ››  No Significant Releases. Check calendar for specifics.

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
THE STANDARD REGISTER CO SR Aug 1 +0.25% +360.49%
PERFICIENT INC PRFT Aug 1 +0.22% +16.34%
BOULDER BRANDS INC BDBD Aug 1 +0.06% +15.49%
STATE AUTO FINAN CP STFC Aug 1 +0.13% +12.51%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Accurate Est.
Reports Zacks Rank ESP
NORTH AMER EGY NOA -0.06 -0.04 Aug 1 3 +33.33
TYSON FOODS A TSN 0.59 0.66 Aug 5 2 +11.86
TW TELECOM INC TWTC 0.12 0.13 Aug 8 2 +8.33
UNIVL AMERICAN UAM 0.13 0.14 Aug 1 3 +7.69
EINSTEIN NOAH BAGL 0.23 0.24 Aug 1 3 +4.35
Don't trade these stocks until you have read the Zacks ESP Guide


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