• Latest News
  • Most Popular
View All | Scroll Down Scroll Up

Top Zacks Features

Zacks #1 Rank

Premium Home

Stock Screener

My Portfolio

Equity Research

Real Time Insight

Free Membership

Profit from the Pros

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

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

Company Name Symbol %Change
ALLIANCE FIB AFOP
12.41%
A M R CP AAMRQ
8.66%
SCIENTIFIC L SCIL
8.00%
OLD SECOND B OSBC
6.16%
MAXWELL TECH MXWL
5.12%

Zacks Rank #1 Strong Buys

Zacks ZACKS.COM
PROFIT from the PROS
Tactics that Work in Good Markets and Bad 		 
--

Recessionary Signals from Manufacturing?

The big news on Monday was that the ISM Manufacturing index read "Contraction" for the first time since July 2009. Yet US stocks still ended in positive territory.

Say what???

Let's put it this way. If investors truly thought a recession was on the way, then stocks would have been severely in the red. Here is the myriad of reasons why this reading was so easily dismissed.


  • Soft Patch Theory: Last year we had a whole series of readings not that far from the 49.7 reading of Monday. So not hard to assume this is another soft patch that is followed by a reacceleration of growth.

  • Europe & China: The export component clearly shows that slowing demand from Europe and China was behind this poor result. However, that is old news. With a greater likelihood of growth oriented initiatives in Europe (versus austerity only), there could soon be a reversal of some of these negative trends. Plus China is likely to open up the spigot on more stimulus if things slow any further.

  • Greater Likelihood of Fed Action: If the economy truly got worse, then the Fed would likely get even more accommodative.

  • Construction Spending: Also on Monday we received a great positive surprise in this vital aspect of the economy. Construction spending for the month grew +0.9% versus 0.2% consensus. Plus last month was revised up from 0.3% to 0.6%. Nothing could be better for the economy than for this sector to get on track.

  • Gas Prices: Lower prices at the pump is like a tax break that allows people to spend more money on all other items. This has traditionally been very positive for the economy.



The above gives plenty of reasons to shrug off this ISM Manufacturing report. However, if more US economic data keeps coming in on the light side, then investors will have to take notice resulting in another pullback.

By the way, there will be no Profit from the Pros email on Wednesday in recognition of the July 4th Holiday. Enjoy the break. We'll pick up the conversation on Thursday.

Featured Commentaries
•  Roundtable Top Picks for the Week of July 2nd
•  The Five Best ETFs over the Past Five Years

Best,

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

 

Sponsor

3 Smart Ways to Make Money with Options

Today Zacks members are invited to download a revealing Kevin Matras Special Report for FREE. Our Zacks research expert strips away the mystery from three powerful options strategies that are actually conservative and steady money makers.

You probably never heard about two of them. Don't miss Kevin's step-by-step explanation of how he personally made +98.7% in less than five months.

Get the report free >>

 

Today's Top Stories: Tuesday- July 03, 2012

ZACKS RANK BUY STOCKS

Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...

 

FUND COMMENTARY

BEST OF ZACKS EQUITY RESEARCH

 

Sponsor

Pick stocks like the pros!


How do professional investors pick stocks, what is the basis for their research or what factors do they consider? The little known fact is that their research often focuses on market anomalies. Now there's a new website dedicated to the explanation and discussion of equity market anomalies.


Discover how the pros think. Visit today to learn more>>

 

NEW ZACKS VIDEOS:

PeopleAndPicks.com:

VIP "JDShots" still manages to take profit in this market with BUY calls in (LPSN), (PCYC) and (RHT). Read More...

BEST OF ZACKS.COM PARTNER COMMENTARY

FACEBOOK

Visit the Zacks.com Facebook page and get the latest insight on stocks and the market:
Zacks On Facebook

 

TWITTER

Get the Zacks.com newsfeed delivered straight to your Twitter account:
Zacks On Twitter

OTHER ZACKS RESOURCES:

 

Manage your Profit from the Pros subscription:

REFER-A-FRIEND

If you enjoy this e-mail newsletter, then please pass it along to a friend. Simply forward them the link below to sign up for their own free subscription. THANKS!
Refer a Friend

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.

Visit /performance for information about the performance numbers displayed in this newsletter.

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.

To contact us by mail:

Zacks Investment Research
Attn: Profit from the Pros
111 N. Canal St., Suite 1101
Chicago, IL 60606

To unsubscribe from receiving "Zacks.com Profit from the Pros"
e-mail newsletter, Click here....

Quick Links

Services

My Account

Resources

Client Support

Follow Us

Facebook

Twitter

Linkedin

RSS

You Tube

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.

Copyright 2013 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.

Visit performance for information about the performance numbers displayed above.

NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.