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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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PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
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Bottom Found vs. Suckers Rally

Wednesday capped a second straight day of substantial gains for stocks as they leapt above the 200 day moving average and 1300 in a single bound. So the question that must be asked now...

Is bottom in or is this a sucker's rally?

I strongly contend that this is a sucker's rally. Simply there are no concrete plans in Europe to calm investors' nerves as of yet. This fear can more clearly be seen with the bond rates in Spain and Italy still at alarmingly elevated levels.

The recent lows of around 1266 on the S&P need to be tested again. And likely they will with Greek elections and the European Summit still looming later this month.

So when should investors load up for the next sustainable leg higher?

In my latest article I discuss 2 clear signs of a real and lasting bottom that you can feel comfortable investing in.

They Don't Ring a Bell at the Bottom

Best,

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

 

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Today's Top Stories: Thursday- June 07, 2012

ZACKS RANK BUY STOCKS

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FUND COMMENTARY

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Best,

Steve Reitmeister
Executive VP, Zacks Investment Research

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