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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,

It didn't take long to bounce back above Dow 12,000. The move makes perfect sense as investors started to realize that events in Japan actually have very little negative economic impact on the US economy or stock market.

Where to from here?

The bias is still towards the upside in the long run. In the short run, I think we might need to test the underside of 12,000 once more to solidify it as a serious level of support for our future advances. However, I would be truly shocked if stocks took out the high of 12,400 before we get a read on the quality of corporate earnings in mid April. So that frames my current expectations and just so glad that we did not succumb to the unnecessary panic of last week's dive.

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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Today's Top Stories: Tuesday- March 22, 2011

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