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 05/20/2013

Company Name Symbol %Change
ORBOTECH LTD ORBK
10.86%
SONIC FOUNDR SOFO
9.45%
VIPSHOP HOLD VIPS
9.20%
RENEWABLE EN REGI
8.98%
EAGLE BULK S EGLE
7.84%
Zacks ZACKS.COM
PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
--

Consumer Fades, IMF Slashes, Shorts Peak

Kevin Cook here for Steve the rest of this week as he takes some R&R...

After Friday's impressive rally off of support near S&P 1,330, the market took a breather Monday and traded in a very narrow range around 1,350-55. For those who think lots of bad news is priced-in and that this market can climb a wall of worry, more ammo was provided for their argument.

First came the IMF's World Economic Outlook quarterly report which lowers their forecasts for growth among advanced, developing, and emerging economies to an average of 3.5% in 2012. They see the global slow-down as getting a bit worse in the second half but remain optimistic about a resurgence in 2013 to 3.9%.

Next, came a little report known as Retail Sales which marked the third consecutive month of declines. If you look at a graph of the yearly data on Bloomberg's economic calendar, you can see that June of 2011 was the peak of this expansion at over 9% and we've done nothing but fall since then to approach summer 2010 levels below 4%. In response, Goldman Sachs economists lowered their 2Q GDP estimate 2/10ths to 1.1%.

Finally, in a possible sign of more market upside to come, short interest on the NYSE hit 5.35%, eclipsing last September's peak of 5.28%, a level that preceded a five-month rally which tore the hides off of bears. Nothing fuels a good rally like massive short-covering.

So other than a pause and refresh, what are markets waiting for to climb that wall of worry? Most likely, two days of "Bernanke, Live on the Hill." Ben starts today off before the Senate and Wednesday in front of the House in his semi-annual monetary policy testimonies. Those looking for clues about QE Next, or his ideas on the fiscal cliff, will be on the edge of their stimulus-addicted seats.

Featured Commentaries on Zacks.com
•  A Flood of Earnings
•  Very Weak Start to 2Q Earnings Season
•  How the US Is/Isn't Like Other Nations

Best,

Kevin Cook
Senior Stock Strategist, Zacks Investment Research

 

Sponsor

Make Money Even During Today's Uncertainty

Since inception 2/26/2010, during ups and downs, this top-performing approach has impressively beaten the S&P 500. And today's uncertainty presents an exciting opportunity to continue this market-beating track-record.

Our technical expert, Kevin Matras has combined his best winning strategies and techniques with the deepest secrets of the Zacks Rank. And for one day only, today July 17, we'll make it even harder to pass on this timely and best-performing service. This special discount is only available through Profit from the Pros.

Get details now >>

 

Today's Top Stories: Tuesday- July 17, 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

FINDING #1 STOCKS


In Kevin Matras' new book, Finding #1 Stocks: Screening, Backtesting and Time-Proven Strategies, he covers what you really need to know to pick better stocks, including his personal favorite trading strategies. He's giving you the most complete look at nearly market-tripling Zacks tips, techniques and strategies to help you enhance your stock gains—all in one place for the first time ever!


This is the perfect opportunity to see Zacks strategies that have never before been made public.


Learn more now>>

 

NEW ZACKS VIDEOS:

PeopleAndPicks.com:

VIP "ThisColoradoKid" prepared for the market pullback with his BUY calls in (AMRN), (HZNP), (OSTK) and (THRX). 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....

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.