Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

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.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

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.

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 Stocks on the Move 05/21/2013

Company Name Symbol %Change
SCIENTIFIC L SCIL
8.00%
NATUS MEDICA BABY
6.11%
SUMMER INFAN SUMR
6.02%
RADIANT LOGI RLGT
5.32%
NEW ORIENTAL EDU
4.51%

Ahead of Wall Street - September 28, 2012

by Sheraz Mian

September 28, 2012 | Comments : 0 Recommended this article: (0)

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.

Friday, September 28, 2012

After making strong gains this month, the market will likely close the quarter on a weak note today. Investors’ earlier optimism in the run-up to the Fed’s QE3 announcement and fresh measures by the European Central Bank seem to be waning lately. It appears that investor are starting to realize that the problems facing the U.S. economy run beyond the Fed’s purview and the Euro-zone issue is far from resolved. It makes perfect sense for investors to be skeptical about the sustainability of the market’s recent gains given the economy’s soft run and the uncertain corporate earnings outlook ahead of the third quarter reporting season.

This morning’s lackluster Personal Income & Outlays report for August shows that the weak consumer spending trend that we saw in the second quarter GDP report (revised lower on Thursday) has continued in the current quarter as well. For the economy’s growth momentum to improve in the current quarter and beyond, consumer spending needs to rise from the second quarter’s pace of 1.5%. But that will be possible only if the labor market starts showing sustainable signs of improvement. We will get a good picture of the labor market from the September non-farm payroll numbers coming out next Friday. But even though the Fed is on the case now, few expect a material turnaround on the labor market front any time soon.

On the earnings front, Nike ( NKE - Analyst Report ) missed expectations after the close on Thursday, with rising expenses and the Chinese slowdown as the primary culprits. Also reporting after the close on Thursday was Research In Motion ( ) , the maker of BlackBerry, which beat top- and bottom-line expectations. It will be interesting to see if the after-hour boost the stock experienced on Thursday will show up in today’s trading action. But more significant than the stock’s one-day performance is the long-term outlook for this once dominant franchise in the current environment of Apple ( AAPL - Analyst Report ) dominance.

Sheraz Mian
Director of Research

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.