| 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.
In many ways, a strong consumer helped to push the market higher in the past few months, as firms from this corner led the way to new highs. Broad ETFs tracking the consumer discretionary market like the Consumer Discretionary Select Sector SPDR (XLY - ETF report) are pretty close to their 52 week highs with the bulk of the gains coming in the trailing three month period.
However, the latest consumer confidence report was very bearish and could suggest some weakness in the space going forward. The key measure plunged to 58.6, well below the consensus of 65.1 and three points below even the most bearish prediction from those surveyed.
It appears as though the higher payroll tax is really starting to weigh on confidence, leaving many gloomy about their earnings prospects in the future. Just 13.6% surveyed see their income increasing, marking the lowest reading on this front since 2011.
The news isn’t all bad though, as home prices continue to hold firm and the job market has been improving—albeit slowly—for some time now. One has to believe that this could help to boost confidence back higher, but it is hard to say at this point in time whether this will be enough to make up for the income reduction thanks to the higher taxes.
What do you think, should we be worried about the consumer going forward or is this a temporary bump in the road?
Are you a buyer or seller of discretionary firms at this point?
Let us know in the comments below!
Read the full reports :
ETF report on XLY