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Why Did Stocks Break Under 1800?

The most common answer to that question around the investment world is that the Budget Deal has a good chance of being passed soon. This speeds up when the QE taper will come. And thus traders headed for the hills once again.

If true, then we have seen this act before followed by stocks moving to new highs. But I sense this is a false reason because stocks were actually moving higher at the open on Wednesday. So more likely the drop fits into one of these camps:

•  Just normal profit taking on a year with a 26% gain already in hand.

•  Or consolidation around 1800 awaiting the next catalyst to move higher.

•  Or just the randomness of the market where each day it could go down as likely as go up.

My point is that the reason does not matter. Because what has not changed is that we are still in a bull market and have not yet reached its peak. So stay long and stay strong!

The better use of your time today is reading the latest article from our Director of Research, Sheraz Mian. He refutes the notion that Buy and Hold investing is dead. The key is knowing when to sell. Learn more valuable insights below.

Avoiding the 3 Pitfalls of "Buy & Hold" Investing

Plus Other Top Commentaries:

•  Anatomy of Success: Cracker Barrel (CBRL)

•  Comprehensive Guide to Retail 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

SouFun (SFUN)

The "Zillow of China" expands into financial services to complement their everything-for-the-home strategy.

 

Zacks Rank #5

Cummins (CMI)

23% EPS growth next year sounds great, but it's coming from a very bumpy 2013.


Stock Picking Strategies

Stock Picking Ideas from Economic Reports  ››

Profit from This Top-Ranked Industry  ››

Market Maybe Not So Worried About Taper.  ››


Funds Commentary

Mutual Funds That Rebounded in 2013  ››

End of General Motors (GM) Bailout May Send These ETFs Higher  ››

Ride Europe Higher with This Top Ranked ETF  ››


Options Strategies

How To Win With Options  ››


Video Reports

This Week's Growth & Income Stocks: (NSC) (DFT)

Growth & Income Stock Strategist, Todd Bunton, highlights Norfolk Southern (NSC) and DuPont Fabros (DFT) on December 11, 2013.

2 ETFs for the US Manufacturing Revival

With manufacturing on the upswing, the outlook for Industrial ETFs has brightened (IYJ, PRN).

Roundtable Top Picks for the Week of Dec. 9th

Ideas for Auto Parts, ETFs and Oil. Opportunities covered include Methode Electronics (MEI), Cambria Shareholder Yield ETF (SYLD) and Sandridge Energy (SD).

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Company Symbol Reported Surprise %Price Chg
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OXFORD INDUSTRIES INC OXM Dec 11 +0.10% +0.41%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Est.
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Reports Zacks Rank ESP
WINNEBAGO WGO 0.39 0.43 Dec 19 1 +10.26
APOGEE ENTRPRS APOG 0.33 0.34 Dec 18 2 +3.03
WORTHINGTON IND WOR 0.56 0.58 Dec 19 2 +3.57
FEDEX CORP FDX 1.64 1.67 Dec 18 2 +1.83
WESTON GEORG-TS T.WN 1.43 1.45 Dec 17 2 +1.40
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