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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%
Zacks ZACKS.COM
PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
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Every Little Dip = Buying Opportunity

This continues to be one of the most impressive bull runs I have ever seen. The large gains generated over such a long stretch of time without a real pullback is simply incredible. And because there has not been a correction, then every little intra-day dip is seen as an opportunity to buy. That's why Wednesday's greater than 1% drop was trimmed in half by the close.

With the late session bounce back shares stayed above 1400 once again. Likely this is not the last test of that level, but it was nice to see it hold for now.

As shared yesterday, I think that risk and reward are fairly well balanced. That means the market needs a new catalyst to make a break higher or lower.

•  It will be higher if economic news and corporate earnings keep showing growth.

•  It will be lower if the above falters or headlines about Europe, China or Iran stoke a flight to safety trade.

I believe the more bullish scenario is the odds on favorite. But I am ready and willing to go bearish if that's in the cards.

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Best,

Steve Reitmeister (aka Reity... pronounced "Righty")
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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