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Zacks #1 Stocks on the Move 05/23/2013

Company Name Symbol %Change
ALLIANCE FIB AFOP
5.21%
CYNOSURE INC CYNO
4.42%
DAWSON GEOPH DWSN
4.33%
MARRIOTT VAC VAC
3.27%
BLOOMIN' BLMN
2.93%
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PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
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Dear Subscribers,

Yesterday we discussed how the lack of a government shutdown set off a series of trade reversals. So all the stock groups that did well recently because of a potentially weaker dollar now were taken behind the shed Monday and beaten silly. However, the beatings continued on Tuesday because of a negative call on oil and other commodities by Goldman Sachs. They believe that far too much of the recent rise is due to speculation. Then toss in further nuclear fears in Japan and you know why the market overall was in the dumps.

I actually agree with Goldman when we are talking about the over speculation in raw commodities. However, the stocks of related resource companies never came up by the full measure and so they should not sell off as extensively. Even more important, the long term trends for these groups are still very positive.

So, if you already own shares in these groups, then hold on as this sell off will soon be over. If you have been an outsider to these stocks, then line up your favorite Zacks #1 stocks in the group to buy on any further dips.

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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