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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,

Stocks were weak early on Tuesday before rallying strong into the finish. I think this is further proof that we are stuck in a trading range between Dow 12,000 to 12,400 (recent highs). We will break above that mark when investors are convinced that recent economic strength continues despite oil price concerns. We will head below 12,000 if fears of rising oil prices has investors certain that it will stamp out recent economic gains.

Which do I think will happen? I bet that the economic growth story emerges victorious and the two year old stock market rally extends higher. However, I do sleep with one eye open in case the gloomier outlook prevails. We shall see.

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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