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Zacks #1 Stocks on the Move 05/21/2013

Company Name Symbol %Change
SCIENTIFIC L SCIL
8.00%
NATUS MEDICA BABY
6.11%
SUMMER INFAN SUMR
6.02%
RADIANT LOGI RLGT
5.32%
NEW ORIENTAL EDU
4.51%
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Dear Subscribers,

We officially touched Dow 12,000 on Wednesday before a mild retreat at day's end. Helping the cause was President Obama's "tack to the center" speech talking about business friendly initiatives to spark more job growth. Combine that with more quality earnings reports and the Fed keeping their foot on the QE gas pedal and you understand why we are marking new highs.

The trick at this point is how we get above this key level. If Q4 GDP on Friday is markedly above the 3.5% consensus, then we will blast right on through. If not, then we will flit above and below 12,000 a little while longer. What some might call a consolidation period. This will help us build up strength for a meaningful move above. Don't be cute trying to time when we get above as you don't want too much money on the sidelines when this ship sets sail.


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Steve Reitmeister
Executive VP, Zacks Investment Research

 

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