They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
| No Recent Quote currently available |
|
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 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.
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest. Today, you can see them free.
Please login to Zacks.com or register to post a comment.
Resources
Client Support
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.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Another Jobs Friday and another disappointing read – we are getting to used to this now. Thursday’s ADP report had raised hopes that we will break the negative cycle of back-to-back disappointing jobs numbers of the last three months. But it was not to be.
The Bureau of Labor Statistics (BLS) reported June non-farm payroll gains of 80K, below the roughly 100K expected and the 77K jobs in May (revised higher from 69K originally reported). The revisions trend was mixed, with May revised higher and April revised lower. For context, keep in mind that monthly job gains totaled 84K in June 2011. The unemployment and the labor force participation rates remained unchanged at 8.2% and 63.8%, respectively.
Thursday’s ADP report of strong private sector job gains seems like distant memory now as we can’t see any of those jobs in today’s BLS report. A total 84K private sector jobs were created in June, with the government sector suffering job losses of 4K. This compares to private sector jobs of 105K in the month before and 102K in June 2011. Manufacturing added 11K jobs in June, compared to 9K in May and 10K in April. Service sector jobs totaled 71K, down from 126K in May and 81K in April. Temp jobs increased, up 25.2K in June from 18.6K in May. The average workweek edged by 0.1 hours to 34.5 hours, while average hourly earnings increased by 6 cents to $23.50. The June average hourly earnings are up 2% from the same period last year.
There is no doubt now that the brief spurt of labor market momentum during the winter months is now firmly behind us. Economists will debate the causes of the economic slowdown this Spring, but the trend is quite clear. Monthly job gains averaged 75K in the second quarter, down sharply from first quarter’s monthly pace of 226K.
The question at this stage is whether these jobs numbers are bad enough to prompt a fresh response from the Fed. I thought a number around 50K today would qualify for that type of response, but today’s number if not much different from that either.
Irrespective of whether you think fresh QE can reverse the economy’s slide (I don’t think it can), do you think today’s numbers will prompt the Fed to ‘do more’? I believe they do; what do you think?