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Has the Market Gone Insane?

Has the Market Gone Insane?

The entire month of October was a treat with the S&P gaining +4.5%. However, the last day of the month was a trick as tasty gains were in hand but were cruelly snatched away in the final hour.

Thursday truly provided signs of a classic rotation day which is part of a consolidation period. The proof can be seen in the swirling, borderline insane, movement of stocks.

Facebook is a prime example. It was down as much as -5.2% in the morning. Then up all the way to +6.1% in the early afternoon. That is a wicked 11% range. Anyone who says that kind of action makes investing fun should truly have their head examined.

Gladly these times of market insanity make way for more logical movements in stock prices. If you focus on that, then it will be easier to brave this short term storm.

Featured Commentaries:

•  REIT Industry Review & Stock Picks - Oct/Nov 2013

•  No Trick, Just 4 ETF Treats For Halloween

•  What are Option Premiums Made Of?

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

McKesson (MCK)

This pharmaceutical products distributor could deliver some gains to your portfolio.

 

Zacks Rank #5

QlikTech (QLIK)

With falling earnings estimates and premium valuation, investors should consider avoiding this stock until its earnings momentum improves.


Stock Picking Strategies

The Right Way to Find Growth and Value Stocks  ››

Record Earnings, But Outlook is Uncertain  ››

Are These Recent IPOs Still Winners?  ››


Funds Commentary

Zacks #1 Ranked Technology Mutual Funds  ››

3 ETFs to Watch on Facebook Earnings  ››

Volatility ETFs Tumble as Risk Levels Decline  ››


Options Strategies

Buying Puts to Protect Profits and Hedge Risk  ››


Video Reports

Taking Stock of Q3 Earnings Season

While earnings growth is still anemic, it has been better in Q3 than the last few reporting cycles.

This Week’s Growth & Income Stocks: (MAT) (RGC)

Growth & Income Stock Strategist, Todd Bunton, highlights Mattel (MAT) and Regal Entertainment (RGC) on October 31, 2013.

Roundtable Top Picks for the Week of Oct. 28th

Ideas for Finance and Insurance. Opportunities covered include SPDR S&P Insurance ETF (KIE), Blackstone Group LP (BX) and Allstate Insurance (ALL).

Earnings HQ

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

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
INTELIQUENT INC IQNT Oct 31 +0.20% +31.44%
SHORETEL INC SHOR Oct 31 +0.03% +29.79%
CARBO CERAMICS INC CRR Oct 31 +1.31% +28.32%
CIRCOR INTL INC CIR Oct 31 +0.93% +17.37%
RESOLUTE FOREST PRODUCTS INC RFP Oct 31 +0.36% +14.13%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Est.
Most
Accurate Est.
Reports Zacks Rank ESP
MELCO CROWN ENT MPEL 0.31 0.33 Nov 5 1 +6.45
EXTERRAN PTNRS EXLP 0.30 0.42 Nov 5 1 +40.00
MATADOR RESOURC MTDR 0.30 0.34 Nov 6 1 +13.33
NORTHRN OIL&GAS NOG 0.31 0.32 Nov 7 1 +3.23
SPANSION INC CODE 0.13 0.16 Oct 31 1 +23.08
Don't trade these stocks until you have read the Zacks ESP Guide »

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