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More Pain on the Way?

Stocks were tied up at the 50 day moving average on Friday creating some extra tension for this week. At first stocks headed below the mark on Monday morning followed by a sizeable bounce. Just when all looked well with the world, stocks slipped hour by hour into the close. Now we find ourselves at 1646, which is a good notch below the 50 day moving average at 1657.

Certainly stocks could bounce Tuesday or Wednesday and we get right back in the bullish swing of things. But what if we don't?

A correction of 5% or more can happen at any time during a bull market. And yes, this could certainly be one of those times taking us down to 1600 or less. However, until there is a better fundamental argument as to why to be out of stocks, then I will not consider this to be anything more than a healthy cleansing period in the midst of a long term bull market.

If you have cash on hand, then use it to buy on any dips. And if you are fully invested, then stay the course as we will be above these levels at some time in the near future.

Featured Commentaries:

•  Roundtable Top Picks for the Week of Aug. 19th

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•  Baby Boom an Investor Boon?

•  Ultra-Cheap ETFs for Value Investors


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Zacks Investment Research

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Bull & Bear of the Day

Zacks Rank #1

Synaptics (SYNA)

The future of mobile and desktop computing is all about touch... and this tech company has it.


Zacks Rank #5

PulteGroup (PHM)

As interest rates rise, the hammer is falling on homebuilder earnings estimates.

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Video Reports

Roundtable Top Picks for the Week of Aug. 19th

Ideas for Business and Internet Services and Oil and Gas. Stocks covered include (CTRP), Magellan Midstream Partners LP (MMP) and MSCI, Inc. (MSCI) .

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Earnings HQ

Today's Noteworthy Earnings Before the Bell:   ››  MDTJCPHDMBTBBYGASSAMWDTJX

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

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Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
VIENNA INTL AIRPORT VIAAY Aug 16 +0.50% +9.12%
KONGZHONG CP ADS KONG Aug 19 +0.17% +3.95%
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Accurate Est.
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HEWLETT PACKARD HPQ 0.87 0.89 Aug 21 2 +2.30
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Don't trade these stocks until you have read the Zacks ESP Guide ?


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