Back to top

Real Time Insight

Although it may get overshadowed by other economic reports this week, Friday's ISM manufacturing report was strong. According to the Institute for Supply Management's survey, economic activity in the manufacturing sector expanded for the second straight month in January.

PMI registered 53.1%, which was well ahead of expectations. This was also an increase from December's reading of 50.2%. A reading above 50 percent indicates that the manufacturing economy is generally expanding.

Within this month's report, the New Orders Index improved to 53.3%, up from 49.7% in December, and indicating growth in new orders in December. Production was also strong, registering 53.6. Of the report's 10 components, only two were below the 50 line: Customers' Inventories and Backlog of Orders.

Overall, this was an encouraging report and a good start to the new year for the manufacturing sector.

To put this report in perspective, take a look at this chart from Calculated Risk Blog that shows PMI over the last 50 years.

Just Released: 5 Stocks to Double

Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100% and more in the next 12 months:

One is a "boring" business delivering blistering growth. Another is a red-hot oil and gas producer set to surge on a drilling breakthrough. Still another, an online payment provider, ignited a 53% sales explosion during the past year.

Close This Panel X

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

New to Zacks?

Start Here

Zacks Investment Research

Close

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

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 Zacks.com. 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
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%