This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
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• Apple Inc. (NASDAQ:AAPL) surged 3.2% after tech website The Next Web reported that the company has already began tests for new version of iPhone and iOS software
• Shares of Zipcar Inc. (NASDAQ:ZIP) jumped 47.8% after it concluded an agreement as per which it will be purchased by Avis Budget Group Inc. (NASDAQ:CAR) at around $500 million in cash
• Oil and gas company Magnum Hunter Resources Corp. (NYSE:MHR) rose 4% after it said it has entered into a joint operating agreement with Pennsylvania based private firm Eclipse Resources I, LP to expand its operations in Ohio
• Shares of biopharmaceutical firm Synergy Pharmaceuticals Inc. (NASDAQ:SGYP) gained 18.1% after it announced that a later stage trial of its chronic constipation drug was successful
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