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Zacks #1 Stocks on the Move 05/22/2013

Company Name Symbol %Change
ALLIANCE FIB AFOP
12.64%
SONIC FOUNDR SOFO
8.50%
TRI TECH HOL TRIT
7.35%
A M R CP AAMRQ
7.35%
NOAH HOLDING NOAH
7.08%
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Tactics that Work in Good Markets and Bad
 
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1-2 Punch Sends Stocks to New Highs

Punch #1: We got word from across the pond that Germany will allow an increase to the European debt crisis funds. They were the main outsider to that notion, but now with concerns flaring up over Spain's debt (a much bigger economy than Greece) you understand why the Germans saw fit to ease market concerns now.

Punch #2: Bernanke pleased investors with comments about the Fed staying accommodative until the unemployment rate gets down to a more acceptable level. As they say, "Don't fight the Fed". So if they are going to keep the gas pedal on the floor, then it encourages investors to keep buying stocks.

It's hard to imagine stocks going much higher before earnings starts up in two weeks. Then again, the higher stocks go, the more money pours in from the sidelines. So I would say the bias is neutral to positive into earnings season.

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Steve Reitmeister (aka Reity... pronounced "Righty")
Executive VP, Zacks Investment Research

 

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