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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,

As expected, Dow 12,000 was tested on Tuesday when the index got as low as 12,003. Yet with it only bouncing up to 12,019 at the close, it wouldn't take much negative sentiment to have us testing that key level once again.

Looking back over the last couple years, each thousand point climb from the bottom resulted in an important testing period. Most of the time it was fairly easy to continue higher. However, Dow 10,000 gave us a heck of a struggle as we crossed above and below that point many, many times throughout 2010.

Will Dow 12,000 fold easily like the other milestones? Or will it give us fits like Dow 10,000? My unfortunate sense at this time is that it will linger around longer than we would like. Yet still I am counting on more upside for stocks by year's end.

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Steve Reitmeister
Executive VP, Zacks Investment Research

 

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