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I am hearing some interesting news about the expected headwind that the Euro was supposed to play in 3Q12 earnings. Basically the idea is that companies were pegging the rate at 1.17-1.21 range and it will instead come in at 1.29.  This “strength” in the Euro may end up masking some of the overall weakness.

The big caps will likely report less of a headwind from Europe even though there are numerous signs of a pending recession. 

Knowing this, are you more likely or less likely to invest in companies prior 3Q12 earnings?

Zacks Releases Their 7 Best Stocks for May, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

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

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%