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Zacks #1 Stocks on the Move 05/17/2013

Company Name Symbol %Change
VIASAT INC VSAT
19.35%
OLD SECOND B OSBC
5.76%
GAMCO INVEST GBL
4.61%
CORNING INC GLW
4.47%
SYNCHRONOSS SNCR
4.23%
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Is the Bull Tired Yet?

Those doubting this rally continue to be punished because the parade of reasons to be bullish got even longer:

•  243,000 jobs added in January crushing expectations of 135,000. Plus there were positive revisions to the past two months. And now the unemployment rate is down another two notches to 8.3%.

•  ISM Services leapt over expectations to a reading of 56.8. Even better, New Orders and Employment sub indexes flew higher. This bodes very well for the future.

•  And just for good measure, we find that the Eurozone private sector expanded for the first time in 4 months. So the idea of them pulling us into a recession is becoming less and less likely.

There is always another pullback around the corner. However, there are also good reasons for this bull rally to keep running. The experts at Zacks share their individual views on this subject in the Real Time Insight post below:

Which Comes First: Pullback vs. New New Highs?

Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

 

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

p.s. What is the mission for Zacks Profit from the Pros? To find out how we will help you become a more successful investor, click here.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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