Back to top

View the PFP Archive

ZACKS
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

Best,

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

Executive Vice President

Zacks Investment Research

Follow Us:  

Please login to Zacks.com or register to post a comment.

Sponsor

Find Your Own #1 Stocks

Starting today, you can master the nearly market-tripling Zacks Rank stock-picking system in the easiest way possible. Learn to make money no matter which way the market heads. No classes. No seminars. No need to wait for winning stock picks simply roll up your sleeves and find them yourself.

Act Today, August 2, you will also receive a hardbound copy of Finding #1 Stocks by Kevin Matras free of charge.

Get your free book now>>>

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.


Stock Picking Strategies

Top 5 Performing Sectors  ››

Can the Rally Continue?  ››

Roundtable Top Picks for the Week of Jul. 29th  ››


Funds Commentary

5 Highest Yielding Zacks #1 Ranked High Yield Bond Mutual Funds  ››

Malaysia ETF: Trouble on the Horizon?  ››

Behind the Surge in the Wind Power ETF  ››


Options Strategies

Options Strategies and the Zacks Rank  ››


Video Reports

Making Sense of Earnings ESP

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

Is Q2 Earnings Season Good Enough?

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

Agribusiness ETFs Crushed by Cartel Breakup

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%
MODINE MANUFACTURING CO MOD Aug 1 +0.27% +23.73%
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
Est.
Most
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

Sponsor

Increase Investment Returns with Free Zacks' Portfolio Tracker

Follow your investments easily in one place. Get free email updates that alert you to major events affecting your stocks and funds, including time recommendation changes, earnings announcements and, most importantly, earnings estimate revisions.

Click to Learn More>>


Manage Your Newsletter Subscriptions

Update Preferences         Update Your Profile         Unsubscribe         Feedback         Send to a Friend
 

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.

All 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.

Zacks Emails

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 support@zacks.com.

Zacks Investment Research, Inc.
111 N. Canal St., Suite 1101
Chicago, Illinois 60606