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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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Dear Subscribers,

The abundance of good news continues to push the market to new highs. The ISM Manufacturing report could not have been better. It also brought forward some hints that inflation is modestly on the rise (and thus stepping further away from deflation). Then you have a strong earnings report from package carrier, UPS, which also serves as a great indicator of commerce strength in the US and abroad. Not surprisingly stocks surged to the highest close in 2 ½ years.

Now we need to secure Dow 12,000 as a new level of support. That will most likely happen if the employment reports this week show this crucial indicator on a steady improvement path. ADP leads off on Wednesday followed by Jobless Claims on Thursday and then the January Employment Situation bats cleanup on Friday. Plain and simple, we will stay above Dow 12,000 if these reports are good and we sink back below if they are bad. Stay tuned!

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•  Ahead of Wall Street for Monday Feb. 2nd: Get your daily dose of insight and recommendations from our equity research team.

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Steve Reitmeister
Executive VP, Zacks Investment Research

 

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