Back to top

Press Releases

Zacks' Voice of the People highlights opportunities with iShares Dow Jones Real Estate, Simon Property Group and Vornado Realty Trust


 ZacksTrade Now

For Immediate Release

Chicago, IL – 01/31/2012 – Zacks highlights commentary from People and Picks Trader inthemoneystocks.

For more Voice of the People, visit

Featured Post

Commercial Real Estate, Here Is the Trade

The commercial real estate sector has been on fire since October 4, 2011. At that time, the iShares Dow Jones Real Estate ETF (IYT - ETF report) traded as low as $46.70 a share. Last week, the important IYR closed at $60.78 which is a new six month high. This rally has been nothing short of sensational for the entire sector. The IYR is now overbought and extended in the short term.

Traders must begin to look for a pullback or at least some consolidation in the near term. The near term resistance levels for the IYR are around the $62.00, $70.00, and $74.50 areas. Should the IYR decline from its current price traders should watch for near term support around the $57.30, $56.10, and $55.00 levels.

Simon Property Group Inc (SPG - Analyst Report) is considered the best of the best when it comes to the commercial real estate stocks. This stock has surged higher by more than $30.00 since October 4, 2011 when SPG was trading around the $103.50 area. Last week, SPG closed at a new all time high at $136.69 a share.

The stock remains in a very strong uptrend by trading above all of the major moving averages. The only problem with SPG stock at this time is that it is a bit overbought. Traders should watch for near term resistance around the $138.00, and $143.00 levels. Should this market leading stock pullback or decline from its current price traders should watch for support around the $129.00, and $123.00 levels. SPG will report earnings on February 3, 2012.

Vornado Realty Trust (VNO - Analyst Report) is another leading commercial real estate company based out on New York City. Traders must understand that while this stock has been rallying higher over the past month it is still trading below its November 2011 high. This tells us that the stock is weak relative to the rest of the commercial real estate sector. Traders should watch for near term resistance around the $83.00, $85.00, and $89.50 levels.  Should VNO pullback from its current price there should be short term daily chart support around the $77.60, 76.20, 74.70, and $73.00 levels.

About the Zacks Community

In 2008, Zacks Investment Research launched, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to

Follow us on Twitter:

Join us on Facebook:

Visit for information about the performance numbers displayed in this press release.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

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.

Contact: Brent Billock

People & Picks Manager
Phone: 312-265-9307


Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

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

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
CENTURY ALU… CENX 22.27 +3.29%
ERBA DIAGNO… ERB 2.87 +2.83%
ILLUMINA IN… ILMN 174.65 +2.44%
CITI TRENDS… CTRN 22.01 +2.23%
UNITED CONT… UAL 48.73 +2.20%