Back to top

Ahead of Wall Street

November 5, 2012

(Note: This is Mark Vickery, substituting for Sheraz Mian while he is away.)

It might be a bit of a stretch to expect a big move in either direction, or even to expect relatively high volume today. We are currently rife with uncertainty, and nothing cures uncertainty in one fell swoop like a General Election. Once the polls have been counted, likely by Tuesday night, the markets will have their road maps ready, regardless of the outcome…

The markets have been able to absorb roughly two-thirds of the disappointing 3rd quarter earnings season. Companies missing on their top and bottom lines have naturally led to lowered guidance going forward, The markets have thus absorbed these developments as well, and we can see the disappointment, in aggregate, manifesting itself in things like the Dow falling nearly 140 points on Friday.

As I inferred, I don't expect much, if any, correction until the election has been decided. But that said, I think there are some potentially positive reports to look forward to, starting a bit later this morning:

Today we get the ISM non-Manufacturing report, which follows Thursday's positive manufacturing and construction report. If we see a modest increase in today's ISM read, it would be in line with economic trends we have been seeing lately.

This morning, Humana (HUM - Analyst Report) reported 3rd quarter earnings ahead of analysts' estimates but down year over year. The healthcare giant also raised guidance for full-year 2012.

Mark Vickery
Senior Editor

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
SUPER MICRO… SMCI 27.00 +10.25%
CANADIAN SO… CSIQ 38.34 +8.18%
BANCO DO BR… BDORY 16.78 +8.05%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%