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Syria Takes Starch Out of Stocks

Early on Monday, stocks were accelerating past the 50 day moving average it eclipsed on Friday. All of a sudden, stocks hit the skids as John Kerry did some sabre rattling over strong evidence that Syria is employing chemical weapons. As the session closed, we were back under the 50 day moving average.

Yes, the market hates uncertainty. And few things provide greater uncertainty than the prospects of war. That explains Monday's reaction.

Gladly history also shows that the stock market typically rises shortly after a new war begins. Some call it a "Patriotic Rally". However, I am certainly not advocating that we go to war just to make a couple more bucks in the stock market.

The point being, that I would definitely not get more defensive in the face of this news. And would recommend buying more on any short term dips.

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Zacks Investment Research

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Bull & Bear of the Day

Zacks Rank #1

Carrizo Oil & Gas (CRZO)

As production estimates for crude oil rise, so do profits for this young E&P with "fracking" expertise.


Zacks Rank #5

Abercrombie & Fitch (ANF)

You can blame the fickle teens, but this fashion story may still get worse.

Stock Picking Strategies

Increasing Volume to Uncover Institutional Buying  ››

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September Market Hurdles  ››

Funds Commentary

Zacks #1 Ranked Balanced Funds  ››

3 Emerging Market ETFs Surviving the Slump  ››

Aerospace and Defense ETF Investing 101  ››

Options Strategies

Calendar Call Spread: A Neutral to Bullish Strategy  ››

Video Reports

Roundtable Top Picks for the Week of Aug. 26th

Ideas for Auto Parts, Biotech and Building Products. Stocks covered include Lear Corp. (LEA), Lumber Liquidators (LL) and Biogen Idec, Inc. (BIIB).

Global Currency Round-up

The FX Space Is a Wacky Place Right Now.

This Week's Growth & Income Stocks: (KMPR) (PKG)

Growth & Income Stock Strategist, Todd Bunton, highlights Kemper Corp (KMPR) and Packaging Corp (PKG) on August 22, 2013.

Earnings HQ

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

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
QIHOO 360 TECH CO LTD QIHU Aug 26 +0.26% +7.75%
YASHENG GROUP HERB Aug 23 +0.14% +7.69%
AMIRA NATURE FOODS LTD ANFI Aug 26 +0.21% +6.68%
ASTRONICS B ATROB Aug 22 +0.40% +5.45%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Accurate Est.
Reports Zacks Rank ESP
UTD NATURAL FDS UNFI 0.60 0.62 Sep 10 2 +3.33
COOPER COS COO 1.70 1.72 Sep 5 2 +1.18
TIFFANY & CO TIF 0.74 0.76 Aug 27 2 +2.70
CONNS INC CONN 0.60 0.62 Sep 5 2 +3.33
GOLAR LNG LTD GLNG 0.23 0.24 Aug 29 2 +4.35
Don't trade these stocks until you have read the Zacks ESP Guide ?


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