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Zacks #1 Stocks on the Move 06/18/2013

Company Name Symbol %Change
STAAR SURGIC STAA
10.98%
LUMOS NETWOR LMOS
5.70%
INSTEEL IND IIIN
5.28%
ERICKSON AIR EAC
5.10%
ASSURED GUAR AGO
4.98%
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Short Term Bear Case Takes Upper Hand

In my last commentary I contemplated the short term bear vs. bull case. Starting off this week, indeed, the bear case is taking the upper hand.

Why?

•  Part of it is that earnings season is mixed at best
•  Part of it is that GDP was not as strong as advertised
•  Part of it is that debt problems in Greece and Portugal are escalating
•  And part of it is that stocks have rallied hard for over a month and are now tired.

Add it all up and you can understand why Monday is likely not the last day in the red we will see for a while. So expect a bit more of a correction before stocks are ready to advance towards the old highs of 1370 on the S&P.

Featured Commentaries on Zacks.com
•  5 Stocks that Turned a Triple Play
•  Roundtable Top Picks for the Week of Jan. 30th

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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Today's Top Stories: Tuesday- January 31, 2012

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NEW ZACKS VIDEOS:

PeopleAndPicks.com:

VIP "smallstk" is minimizing his losses with BUY calls in (IACI), (MNRO), (SCSS) and (SHFL).

EARNINGS PREVIEW Very Busy Week Ahead

Earnings season is in full swing plus a full calendar of economic data releases, capped off by the big Jobs report on Friday. Read More...

EARNINGS TRENDS: Weakest Earnings Season Since Recession

While last week was better, it just pushed the season from being very poor to mediocre at best. Read More...

 

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Steve Reitmeister
Executive VP, Zacks Investment Research

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