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Zacks #1 Stocks on the Move 05/17/2013

Company Name Symbol %Change
VIASAT INC VSAT
19.35%
OLD SECOND B OSBC
5.76%
GAMCO INVEST GBL
4.61%
CORNING INC GLW
4.47%
SYNCHRONOSS SNCR
4.23%
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PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
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Churn Baby, Churn!

We have gotten to the "churning" phase for the stock market. That is where bullish and bearish sentiment are fairly well balanced. And the market often ends the day close to breakeven

Now that doesn't mean that it's all calm and harmonious. Far from it.

Rather, the churning phase sees great intraday volatility as bulls and bears wrestle for the upper hand. Also there is heavy sector rotation with big winners and losers. (Often they trade places the very next day).

What is an investor to do about this?

If you are confident in your bullish or bearish view, then make sure your portfolio reflects that sentiment. If you are unsure of the final outcome, then have a more defensive portfolio with some shorts in the mix to protect against downside. Then wait for a clear catalyst to show you where the next leg of the market will be.

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Best,

Steve Reitmeister (aka Reity... pronounced "Righty")
Executive VP, Zacks Investment Research

 

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

p.s. What is the mission for Zacks Profit from the Pros? To find out how we will help you become a more successful investor, click here.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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