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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%
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PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
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Breakout Confirmation Watch

Stocks corrected early on Wednesday morning, yet rallied back into the close. This makes a 2nd straight day above the 200 day moving average. Thursday scoring above that mark would seem to confirm the breakout for stocks.

Gladly there is more than just a technical story here. There is growing belief in European debt containment. Their recent bond sales and stock market gains are testament to this understanding. Plus there are signs that predicting China's demise is a bit premature.

And back in the States we have a slew of economic reports touting an improving economy. The latest projection I saw for Q4 GDP is +3.4%. Wouldn’t that be nice!

Thursday brings some powerful reports including ADP Employment, Weekly Jobless Claims and ISM Services. If at least two of these reports are positive, in particular ADP, then it likely will boost stocks once again helping to confirm a breakout. Be prepared to act!

More Commentaries to Plan for the Year Ahead
•  4 International Stocks for 2012
•  Which Sector Will Outperform in 2012?
•  5 ETFs to Buy in 2012

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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Today's Top Stories: Thursday- January 05, 2012

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Steve Reitmeister
Executive VP, Zacks Investment Research

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