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Ready to Make New Highs?

Summer is over in my hometown of Chicago as the temperature has dropped 30 degrees in the past week. And in the financial world, Larry Summers is over as the likely Fed Chair leading to a worldwide market rally (that has to be a blow to one's ego). So the search for the next Fed Chair continues with Yellen leading the pack and other usual suspects trailing behind.

Beyond that, investors were treated to another solid round of manufacturing data today from the Industrial Production report and Empire State Mfg Survey. This buoyed the market early. Yet as the day progressed the surge up to 1705 faltered ending the session at 1697. Even worse, small caps barely participated in the day's gains and technology stocks were actually deep in the red.

Likely investors don't want to celebrate too much until they see what the Fed has on tap at their Wednesday meeting. And likely the start of the QE taper should be on the agenda. I expect little reaction to that event given all the forewarning and market movement that has already taken place. Yet Red Bull laced day traders often surprise me with their faulty split-second reactions to economic events.

Stocks should be ready to leap over 1700 and onto new highs soon enough. Best to align your portfolio for that outcome before it's too late.

Featured Commentaries:

•  Roundtable Top Picks for Week of September 16th

•  Ready to Make New Highs?

•  Earn a 6% Yield with These Int'l ETFs

Best,

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

Executive Vice President

Zacks Investment Research

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Bull & Bear of the Day

Zacks Rank #1

Calavo Growers (CVGW)

Never count Big Avocado out. This stock is a potential turnaround story now thanks to rising estimates.

 

Zacks Rank #5

Ruby Tuesday's (RT)

Anyone who has eaten at Ruby Tuesday's shouldn't be surprised that this company is a strong sell.


Stock Picking Strategies

Correction Off The Table!  ››

How To Pick Your Next Winning Stock  ››

Is Taper Finally Coming?  ››


Funds Commentary

Zacks #1 Ranked Growth Mutual Funds  ››

STPP: A Great Bond ETF For Rising Rates  ››

These 3 ETFs Could Soar on Strong Car Sales  ››


Options Strategies

Two Bullish Strategies to Make Money With Options  ››


Video Reports

Roundtable Top Picks for the Week of Sep. 16th

Ideas for Software, Industrials and Retail. Stocks covered include Mentor Graphics (MENT), Rexnord Corporation (RXN) and La-Z-Boy (LZB).

This Week's Growth & Income Stocks: (LTD) (CTWS)

Growth & Income Stock Strategist, Todd Bunton, highlights L Brands (LTD) and Connecticut Water Service (CTWS) on September 11, 2013.

Play a Surging Auto Industry with These ETFs

Which car-focused ETFs could rev up your portfolio?

Earnings HQ

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

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

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Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
POLYDEX PHARM LTD POLXF Sep 16 +0.06% +17.65%
CVENT INC CVT Sep 16 +0.04% +4.23%
NAPCO SECURITY TECH INC NSSC Sep 16 +0.17% +2.70%
STUDENT TRANSPORTATION INC STB Sep 16 +0.08% +0.95%
WESTERN ASSET MUN HI INCM FD MHF Sep 16 +0.09% +0.75%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Est.
Most
Accurate Est.
Reports Zacks Rank ESP
MICRON TECH MU 0.22 0.28 Sep 26 1 +27.27
SYNNEX CORP SNX 0.95 0.97 Sep 25 2 +2.11
CARMAX GP (CC) KMX 0.56 0.57 Sep 24 2 +1.79
NEOGEN CORP NEOG 0.32 0.33 Sep 24 3 +3.13
MARCUS CORP MCS 0.46 0.47 Sep 19 3 +2.17
Don't trade these stocks until you have read the Zacks ESP Guide

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