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Zacks #1 Stocks on the Move 05/20/2013

Company Name Symbol %Change
EAGLE BULK S EGLE
9.80%
ORBOTECH LTD ORBK
7.14%
NOAH HOLDING NOAH
7.02%
VIPSHOP HOLD VIPS
6.25%
OLD SECOND B OSBC
5.45%
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As the World Turns

The European soap opera continues. After a couple days of good news flow and stock gains it took a turn for the worse Friday. French and German markets were down over 2%. The S&P took a beating too... just not as stiff.

Back in the US we got a jobs report that looked a tad light on the headline number. Lift up the hood and you see that the last two months were revised up by 102,000 jobs. Net-net, this is a positive jobs report.

This week has very few scheduled economic reports of any importance. So day by day stocks will move in sync with the European headlines. If we can get a positive resolution there, we will break out to new highs. Until then, we will likely keep playing around in the range between 1189 and 1274 on the S&P 500.

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Executive VP, Zacks Investment Research

 

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