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Zacks #1 Stocks on the Move 06/19/2013

Company Name Symbol %Change
SONIC FOUNDR SOFO
4.40%
SUPPORTCOM I SPRT
3.75%
UNISYS CORP UIS
3.31%
SHORETEL INC SHOR
3.22%
GREEN MOUNTA GMCR
3.13%
Zacks ZACKS.COM
PROFIT from the PROS

Tactics that Work in Good Markets and Bad
 
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Why Aren't You Getting the Returns You Want?

Investors did their best to forget about the surprising Apple disappointment. That was easier to do with an array of "seemingly" strong earnings beats from Caterpillar and Boeing.

Why do you say "seemingly", Reity?

Let's take CAT for example. Shares were down 30% from the recent highs of $116.95 because of fears of a global slowdown. Lo and behold, they crush earnings with a huge positive surprise. The CEO even got on his soapbox to say that global growth was looking better in the future. (Note he is the only person on record with that view ;-)

Yet even with such low expectations going into the report, coupled with a big beat, shares could only muster a meager +1.4% (in fact they were in the red for a good part of the day).

This means that your average investor is not buying the global growth story. And that is why they are writing off most of the recent earnings beats as statements of the past... not of things to come.

At a minimum the 200 day moving average at 1315 needs to be tested again. And probably so does the psychologically important support level at 1300.

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Why Aren't You Getting the Returns You Want?

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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