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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%
Zacks ZACKS.COM
PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
--

Not Too Hot. Not Too Cold.

Corporate earnings are mostly beating estimates so far. However, there are enough companies giving hints of slowing demand in the future that investors cannot get overly enthused.

The same basic scenario is true for the US economy. Most metrics are showing a slight recovery from recent scary readings. However, the Fed Beige Book reminded folks that growth is meager and that the outlook is very uncertain.

And yes, the same is also true for Europe. At some moments they seem to be progressing towards a real solution. Then you get word like late on Wednesday that they are at an impasse.

Add it all up and it's quite evident why we continue to trade in a range. And why shares pushed back from the top end of the range on Wednesday. When these things get more settled is when we will move out of the range. So the waiting game continues.

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Steve Reitmeister
Executive VP, Zacks Investment Research

 

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Executive VP, Zacks Investment Research

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