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Consolidation Party Continues

1700 is proving to be formidable resistance for stocks. But just as impressive is that each sell off is being seen as a buying opportunity. Such was the case Thursday when stocks spent the early session in the red, then fought back into a positive close.

It is hard to sell stocks when the Durable Goods report showed strength. And Jobless Claims continue to be under 350K, which bodes well for future employment gains.

Most interesting is that bonds continue to lose money leading to tremendous withdrawals from bond funds. Right now most of that money is being parked in money market funds. In time it will rotate to the stock market creating the next leg higher.

The consolidation period still has more legs before we breakout above 1700. So best to line up your favorite Zacks #1 Ranked stocks to buy on any short lived dips. The articles below will also point you in the right direction.

Featured Commentaries:

•  Ideas for Fresh Cash with S&P Flirting with 1700

•  How to Pick the Best Stocks for Next Quarter

•  Bank ETFs Leading the Pack This Earnings Season

•  Options Strategies and the Zacks Rank


Steve Reitmeister (aka Reity...pronounced "Righty")

Executive Vice President

Zacks Investment Research

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Breakout Growth Strategy Closes This Weekend

Testing shows that Zacks' unique low-risk approach to Aggressive Growth can deliver tremendous gain in only 1 to 3 months. The key is to buy these stealthy stocks before Wall Street notices them, and then sell before the tide can turn.

Only a few investors can be allowed to share this breakout strategy. High demand caused us to close it to the public last April. It has re-opened briefly, but will close again this Sunday, July 28.

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Bull & Bear of the Day

Zacks Rank #1

Visteon (VC)

This auto parts company looks poised to outperform, mainly due to surging demand for automobiles in Asia.


Zacks Rank #5

IEC Electronics (IEC)

Accounting errors and legal issues have badly hurt IEC's credibility and the earnings outlook.

Stock Picking Strategies

Stocks with Upgraded Broker Ratings  ››

Who's Calling a Top?  ››

Roundtable Top Picks for the Week of Jul. 22nd  ››

Funds Commentary

The 5 Best Performing Healthcare Mutual Funds Year to Date  ››

Municipal Bond ETFs to Watch After Detroit Bankruptcy  ››

Bet Against Real Estate with These Short REIT ETFs  ››

Options Strategies

Ratio Back Call Spreads for Big Moves  ››

Video Reports

How is the Q2 Earnings Season Shaping Up?

We dig a bit deeper into Q2 results to get a sense of the true earnings picture.

2 Top Ranked ETF Picks for the Earnings Season (XLF, ITA)

We take a look at #1 ranked ETFs from Finance and Aerospace & Defense sectors.

Earnings a Main Market Driver

With Taper Talk subsided, Zacks experts weigh in on the role earnings plays in the market moving higher.

Earnings HQ

Today's Noteworthy Earnings Before the Bell:   ››  NWLLEGHPMOG.ASAIAARLPVVISCBTBPOHMSY

Today's Noteworthy Earnings After the Bell:   ››  No Significant Releases. Check calendar for specifics.

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
CARBO CERAMICS INC CRR Jul 25 +0.71% +16.73%
BOSTON SCIENTIFIC CORP BSX Jul 25 +0.18% +12.70%
UNDER ARMOUR INC UA Jul 25 +0.16% +12.21%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Accurate Est.
Reports Zacks Rank ESP
WALTER INV MGMT WAC 0.53 0.66 Aug 8 2 +24.53
AMERISTAR CASIN ASCA 0.49 0.55 Jul 25 3 +12.24
CAPITAL PRODUCT CPLP 0.09 0.10 Jul 31 3 +11.11
TYSON FOODS A TSN 0.58 0.63 Aug 5 2 +8.62
TW TELECOM INC TWTC 0.12 0.13 Aug 5 2 +8.33
Don't trade these stocks until you have read the Zacks ESP Guide ?


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