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Do You Trust Monday's Bounce?

It's hard not to be a "Doubting Thomas". Especially since we have seen mighty bounces each of the past two weeks quickly swept aside for ever steeper losses. The good news is that our collective skepticism may be exactly what the doctor ordered to spark a lasting bounce.

Say what?

It goes back to my last commentary about how "the market climbs a wall of worry and slides down the slope of hope". The recent worry has hammered stock prices to a point that they have become more attractive values. This is especially true in the small cap and growth sectors. Yet, before everyone is ready to pull the trigger, stocks start scaling the wall of worry.

I am not guaranteeing that is the case now as I suspect the market needs to test 1800 before a more lasting rise takes place. However, it is a good sign that worry is on the rise while market fundamentals become more attractive. That is a recipe for stocks to go up in the near future.

Featured Commentaries:

•  Roundtable Top Picks for the Week of Apr. 14th

•  5 Long Term ETF Buys for Your Roth IRA Contribution

•  4 Banks Poised for an Earnings Beat

•  3 Pharma Mutual Funds Beating the S&P 500

•  Technology Stock Roundup

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

Lazard (LAZ)

The stock continues to benefit from strong rebound in global M&A activity.

 

Zacks Rank #5

Mitcham (MIND)

It is safer to stay away from this seismic firm.


Stock Picking Strategies

Oil Rig Count Tops 1500  ››

Three Beat Up Momentum Stocks  ››

Will The Bull Market Survive?  ››


Funds Commentary

Top Ranked Healthcare Mutual Funds  ››

Is 2012 Back for Turkey ETF?  ››

Technology ETFs: Pain or Gain Ahead?  ››


Options Strategies

Making Money in a Range-Bound Stock  ››


Video Reports

Roundtable Top Picks for the Week of Apr. 14th

Ideas for Business Services, Infrastructure and Pipelines. Opportunities covered include Synnex Corp. (SNX), Brookfield Infrastructure Partners (BIP) and Tesoro Logistics LP (TLLP).

Making Sense of the Low Q1 Expectations?

Expectations for Q1 remain low, but growth is expected to ramp up in the coming quarters.

Invest in Surging Frontier Market ETFs

These smaller markets offer higher growth and income potential (GULF, MES, VNM).

Earnings HQ

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

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

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
CITIGROUP INC C Apr 14 +1.30% +4.36%
JB HUNT TRANSPORT SERV INC JBHT Apr 14 +0.58% +3.89%
M&T BANK CORP MTB Apr 14 +1.66% +2.22%
EVER GLORY INTERNATIONAL GROUP N EVK Apr 14 +0.07% +1.64%
SENSIENT TECH CORP SXT Apr 14 +0.71% +1.02%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Est.
Most
Accurate Est.
Reports Zacks Rank ESP
HELMERICH&PAYNE HP 1.46 1.51 Apr 24 1 +3.42
PACKAGING CORP PKG 1.00 1.01 Apr 22 1 +1.00
RENAISSANCERE RNR 2.62 2.97 Apr 29 1 +13.36
EVEREST RE LTD RE 4.86 5.67 Apr 23 1 +16.67
ALLISON TRANSMN ALSN 0.24 0.25 Apr 17 1 +4.17
Don't trade these stocks until you have read the Zacks ESP Guide

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