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Zacks #1 Stocks on the Move 05/22/2013

Company Name Symbol %Change
ALLIANCE FIB AFOP
9.31%
SONIC FOUNDR SOFO
7.77%
TRI TECH HOL TRIT
6.62%
A M R CP AAMRQ
4.52%
FLOWERS FOOD FLO
4.31%
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October More Treat Than Trick

A lot of investment commentators are making a big deal about the stock sell off the past couple sessions. They are acting as if investors got a bad after taste from the European debt deal. I do not believe that is the case.

Pulling back to the big picture the S&P 500 was up +10.8% in October. Certainly after a meteoric rise like that, it is only natural to give back a little.

What happens next?

A great deal depends on the quality of this week's economic reports. If both ISM surveys and employment reports are positive, then expect stocks to get back on the upward path. If not, then expect stocks to pull back just a notch more as investors await the next catalyst.

Featured Commentaries on Zacks.com
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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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Executive VP, Zacks Investment Research

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