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 |
|---|---|---|
| ALLIANCE FIB | AFOP | 5.21% |
| CYNOSURE INC | CYNO | 4.42% |
| DAWSON GEOPH | DWSN | 4.33% |
| MARRIOTT VAC | VAC | 3.27% |
| BLOOMIN' | BLMN | 2.93% |
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.
Have you noticed what's going on with those boring blue chips lately?
Take Wal-Mart (WMT) for example. The retail king had essentially traded within a range of $45-$60 for more than a decade. But suddenly in mid-May the stock broke above $60 and has soared 25% since then to reach a new all-time high. And it's up more than 50% over the last year.
Yes, Wal-Mart has returned to its roots of Everyday Low Prices, and it has seen a modest upward revision in earnings estimates recently. But that's not enough to explain its recent meteoric rise. Check out the company's Price & Consensus chart over the last 5 years:
Meanwhile stodgy but stable Abbott Labs (ABT) has risen nearly 20% since early March and is trading at an all-time high too. Mega cap Johnson & Johnson (JNJ) reached a new all-time high on August 1.
Although not quite at an all-time high, The Coca-Cola Company (KO) is trading at its highest level since the late 1990's.
So why are these stocks trading at (or near) all-time highs while the S&P 500 is still 11% below its all-time high? I see two reasons for this: (1) a search for yield and (2) a flight to safety.
With cash and bonds yielding next to nothing, income-oriented investors are looking to stocks for yield. And within the stock market, there's a flight to safety because of a slowing global economy and sovereign debt crisis in Europe. In fact, according to CNBC, the average S&P 500 stock gained 0.2% in July. However those that pay dividends increased 1.2%.
But as valuations rise, have these "boring" blue chips become overbought? Or will a continued search for yield and flight to safety keep them afloat?