Back to top

Free: Subscribe to Profit from the Pros

Zacks' Bull Stock of the Day, morning market e-briefing, strategies for picking the best stocks, funds, ETFs, and options plus more.

Join 500,000+ investors in-the-know.

Privacy Policy


View the PFP Archive

Send a Letter to Your Congressman

Last Wednesday stocks sprinted to an all-time high. Those breakout events are usually followed up with more good cheer. Not this time around as Monday was the 3rd straight session in the red.


Look no further than your elected officials in Washington who are once again flirting with hitting the debt limit and a possible government shutdown. Not quite sure how "compromise" became a dirty word in those parts, but they sure hate the notion.

Instead both sides would rather hold the nation hostage... which is in no one's best interest. In the end I expect some half-baked solution that keeps the economy rolling along for another 6-12 months until we hit some other unnecessary deadline scenario.

Until this is cleared up, stocks will likely trade in a tight range between the 50 day moving average at 1680 and the recent highs at 1729... probably towards the mid to lower part of that range for now. Once they reach a solution shares should be ready for their next leg higher.

Solution = Buy the Dips (or if already 100% long with top ranked stocks, then stay put as your patience will be rewarded soon enough).

Featured Commentaries:

•  Roundtable Top Picks for the Week of Sep. 23rd

•  Feelilng Right at Home with Furniture Stocks

•  How to Lower Your Term Life Rates

•  3 European ETFs in Focus on German Election Results


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

Executive Vice President

Zacks Investment Research

Follow Us:  

Please login to or register to post a comment.


24/7 Trader's 'Trade of the Day'

Are you itching to get access to the fastest growing... and most LUCRATIVE corner of the market for 2013 and beyond? A guaranteed seat to massive gains? Well, now you can. 24/7 Trader's 'Trade of the Day' is your go-to destination for money multiplying trades.

Sign up today to start receiving your FREE trades tomorrow.

Bull & Bear of the Day

Zacks Rank #1

Qihoo 360 (QIHU)

Shares have tripled since April as investors see full circle for the #2 Internet portal in China.


Zacks Rank #5

Men's Wearhouse (MW)

Another clothing retailer unravels and blames macroeconomic conditions.

Stock Picking Strategies

A Consistent Way to Pick Winning Stocks  ››

3 Cheap REITs to Buy Now  ››

Telecom Industry Stock Outlook - Sept 2013  ››

Funds Commentary

Zacks #1 Ranked Equity Income Mutual Funds  ››

A Comprehensive Guide to Mining Industry ETFs  ››

Play a Resurgent Europe with These ETFs  ››

Options Strategies

Option Profits Are Determined By This  ››

Video Reports

Taper This Year or Not?

Find out what these Zacks experts have to say about the likelihood of taper coming this year and more.

This Week's Growth & Income Stocks: (BIP) (RNST)

Growth & Income Stock Strategist, Todd Bunton, highlights Brookfield Infrastructure (BIP) and Renasant (RNST) on September 19, 2013.

Roundtable Top Picks for the Week of Sep. 23rd

Ideas for Banks Business Services and Machinery. Opportunities covered include the Regional Bank ETF (KRE), Wageworks (WAGE) and Middleby Corp. (MIDD).

Earnings HQ

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

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
ENNIS INC EBF Sep 23 +0.38% +0.82%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Accurate Est.
Reports Zacks Rank ESP
MICRON TECH MU 0.22 0.28 Sep 26 1 +27.27
SYNNEX CORP SNX 0.95 0.96 Sep 25 2 +1.05
DRAGONWAVE-TS T.DWI -0.26 -0.24 Oct 9 2 +7.69
DRAGONWAVE INC DRWI -0.24 -0.23 Oct 9 2 +4.17
NIKE INC-B NKE 0.78 0.80 Sep 26 3 +2.56
Don't trade these stocks until you have read the Zacks ESP Guide ?


All Zacks' Private Buys & Sells: $1

No other investment research firm offers anything like this. See all of our real-time buys, sells, and market insights.

One month. One dollar. Not one cent of further obligation.

Our best short-term trades, long-term investments and market insights can bolster your portfolio no matter what the market is doing. Click below to see why we can give them all to you for just $1. Please note that your chance to take part in this special arrangement may end at any time.

Get all our timely Buy & Sells today!

Manage Your Newsletter Subscriptions

Update Preferences         Update Your Profile         Unsubscribe All         Feedback         Send to a Friend

This free resource is being sent by to our subscribers. We look for investment resources and inform you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable.

All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, brokerage, market making or asset management activities of any securities. Visit for information about the performance numbers displayed in this press release.

Zacks Emails

If you would prefer to not receive future profit-producing emails from the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please click here and confirm your request. If you have trouble with the unsubscribe link, please email

Zacks Investment Research, Inc.
111 N. Canal St., Suite 1101
Chicago, Illinois 60606