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ZACKS
FINALLY Got it Right

After many false moves selling on taper rumors, traders finally got it right on Wednesday. They now understand that the QE taper is a sign of economic strength... not weakness. And that is good for stocks.

In no time the S&P went from down -0.7% to up +1.7%. Stocks ended the session at 1810 with 1813 still being the high on the year. I suspect we will probe above that level before the year ends perhaps towards 1830 or even 1850.

Unfortunately in January the debt limit circus will restart in DC. You can already hear the rhetoric and posturing on the rise. That will probably cause stocks to stall out or pullback for a while until it's cleared up.

Time out your moves if you like. However, over the past year it has proven wisest to just stay long the market until there is a stronger economic reason to head for the hills.

Speaking of wise moves, I have to give some praise to our team of portfolio managers at Zacks.com. They have been sharing their top recommendations with Zacks Confidential members all year long with spectacular results.

* 70% of the recommendations are winners leading to market topping performance.

* In fact, 71 are double-digit winners with ATK leading the pack at a +88.6% gain.

With results like these there is little wonder how Zacks Confidential has become our most popular portfolio service. Isn't it time to see for yourself?

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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

TravelCenters (TA)

Your portfolio can be topped off with this high growth stock.

 

Zacks Rank #5

Ashland (ASH)

Analysts might have spilled some acid on estimates, as they have been eaten away.


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Value stock strategist, Tracey Ryniec, discusses Harvest Natural Resources (HNR) and KKR (KKR).

Taking a Look Back

Find out what our strategists feel were top stories for 2013.

Earnings HQ

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

Today's Noteworthy Earnings After the Bell:   ››  NKERHTCTASTIBXAIR

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
LENNAR CORP LEN Dec 18 +0.73% +6.34%
APOGEE ENTERPRISES APOG Dec 18 +0.33% +4.40%
QUANEX BUILDING PRODUCTS CORP NX Dec 18 +0.28% +3.56%
ORACLE CORP ORCL Dec 18 +0.66% +2.88%
STEELCASE INC SCS Dec 18 +0.29% +2.56%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Est.
Most
Accurate Est.
Reports Zacks Rank ESP
WINNEBAGO WGO 0.39 0.43 Dec 19 1 +10.26
APOGEE ENTRPRS APOG 0.30 0.31 Dec 18 2 +3.33
CINTAS CORP CTAS 0.68 0.70 Dec 19 2 +2.94
WORTHINGTON IND WOR 0.56 0.58 Dec 19 2 +3.57
WESTON GEORG-TS T.WN 1.43 1.45 Dec 24 2 +1.40
Don't trade these stocks until you have read the Zacks ESP Guide

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