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Zacks #1 Stocks on the Move 06/19/2013

Company Name Symbol %Change
SONIC FOUNDR SOFO
4.40%
SUPPORTCOM I SPRT
3.75%
UNISYS CORP UIS
3.31%
SHORETEL INC SHOR
3.22%
GREEN MOUNTA GMCR
3.13%
Zacks ZACKS.COM
PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
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Europe: Is It Safe Yet?

Investors continue to focus on Europe. And Monday there were a few meaty headlines to consider:
•  Greece: Papandreou is out. New head of interim government to be named Tuesday. Who will it be? And are they in favor of accepting bailout deal?

•  Italy: Rising rates are becoming a problem. Berlusconi's coalition treading on thin ice. Are they the new Greece... just 10 times larger???

These headlines had markets down slightly in Europe. That usually means weakness for US stocks as well. That was the case early in the session, but stocks kept rallying into a modestly higher finish.

What does that mean for Tuesday? Nothing. Each day brings fresh headlines and a recalibration of the odds of success in Europe. Until better contained, then simply no way for stocks to press beyond the 1285 mark we hit on October 28th. The waiting game continues...

Featured Commentaries on Zacks.com
•  Europe: Is It Safe Yet? - Roundtable Review video Kevin Matras, Sheraz Mian and yours truly.
•  Market Waiting to Go Higher - Kevin Cook's take on where we stand.
•  Value Stock Picks-Nov. 7, 2011

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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