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I Have Found the Trend

Yes, there is a clear trend for the market since the beginning of July. And that trend is...

SIDEWAYS

We started July at 1973 and we closed Monday at that same exact level. With this sideways action are all the normal trappings that come with a consolidation period. That being a rotation from group to group with no clear leadership and no clear way to profitability.

Consolidation periods are standard fare for the market. Typically when they are done stocks will resume in the same direction they were headed before the sideways action began. In this case, that would be higher.

Your best bet at this stage is to make sure your stocks pass the grade this earnings season. If not, then sell them for those showing the healthiest estimate revisions found in our Zacks #1 and #2 buy rated stocks.

Featured Commentaries:

•  Distressed Investing

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•  Forget Yum! 3 Tastier Restaurant Stocks

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Executive Vice President

Zacks Investment Research

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Bull & Bear of the Day

Zacks Rank #1

Canadian Pacific (CP)

What's one of the hottest transports? North American railroads.

 

Zacks Rank #5

PriceSmart (PSMT)

Sales are plunging at the Costco of Latin America as rapid growth slows in the region.


Stock Picking Strategies

The Week Ahead for Global Markets  ››

Dow 30 Stock Roundup: INTC, JPM, JNJ Beat Estimates, MSFT to Cut 18K Jobs  ››

Will Nasdaq (NDAQ) Miss Earnings Estimates on Lower Volumes?  ››

 


Funds Commentary

SEC to Vote on Money Market Fund Reforms: 3 Great Picks  ››

Last Week's ETF Highlights: Coffee and India Funds Soar  ››

3 Country ETFs Taking Flight in H2  ››


Options Strategies

Getting Ready for Earnings Season with Options  ››


Video Reports

The Influence of Institutional Investors

Institutional investors can and do move the market. Discover how you can use this information to your advantage through the use of the Zacks Rank.

Where Do Earnings Estimates Come From?

Discover the secret behind earnings estimates and earnings estimate revisions and how it can lead to dramatic stocks gains.

Zacks Rank and Value Investing

Value Investing is one of the best ways to trade. But not all value stocks are bargains. Learn how to pick and time the best value stocks with the Zacks Rank.

Earnings HQ

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

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

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
STEEL DYNAMICS INC STLD Jul 21 +0.31% +11.68%
PEOPLES BANCORP OF NC PEBK Jul 21 +0.45% +6.13%
SURGE COMPONENTS INC SPRS Jul 18 +0.02% +6.10%
NVR INC NVR Jul 21 +15.17% +5.66%
ULTRA CLEAN HOLDINGS INC UCTT Jul 21 +0.20% +5.53%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Est.
Most
Accurate Est.
Reports Zacks Rank ESP
GENTEX CORP GNTX 0.48 0.49 Jul 24 1 +2.08
BPZ RESOURCES BPZ -0.01 0.00 Aug 6 1 +100.00
GENTIVA HEALTH GTIV 0.24 0.33 Aug 5 1 +37.50
WRIGHT MEDICAL WMGI -0.45 -0.44 Aug 5 1 +2.22
CURIS INC CRIS -0.06 -0.04 Aug 4 1 +33.33
Don't trade these stocks until you have read the Zacks ESP Guide

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