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The Question

Good news from the ADP Employment report motivated investors to bid up stocks once again on Wednesday. This had us making another new high at 1893. That leaves us tantalizingly close to 1900.

The question is not whether we will touch's what happens after we touch it?

Here are the 3 most likely scenarios:

1) Immediately breakout above.

2) Consolidate for a while, then breakout above.

3) Run away like Scooby Doo after seeing a mummy. Rut roh!

My gut tells me #2 is most likely as many investors will want to see the earnings season report card later in April. However, given how skittish investors have been this year then #3 is the second most likely outcome.

Neither outcome is ominous when you consider that shares will likely hit 2000 this year. So for many of you the best strategy is to just load up on Zacks #1 and #2 Ranked stocks and patiently await higher highs.

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Zacks Investment Research

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Bull & Bear of the Day

Zacks Rank #1

Vipshop Holdings (VIPS)

The Chinese consumer has made some investors feel like VIPs, and the trends remain strong.


Zacks Rank #5

Genomic Health (GHDX)

This cancer diagnostics provider continues to struggle for earnings power.

Stock Picking Strategies

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Options Strategies

Buying Puts to Protect Profits & Hedge Risk  ››

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This Week's Growth & Income Stocks: (MMC) (SSS)

Growth & Income Stock Strategist, Todd Bunton, highlights Marsh & McLennan (MMC) and Sovran Self Storage (SSS) on March 19, 2014.

Earnings HQ

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

Today's Noteworthy Earnings After the Bell:   ››  MUGPNSNXSEACFC

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
EVANS SUTHERLAND ESCC Apr 2 +0.18% +161.90%
ACUITY BRANDS INC AYI Apr 2 +0.75% +3.21%
KINGOLD JEWELRY INC KGJI Apr 2 +0.12% +1.23%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Accurate Est.
Reports Zacks Rank ESP
GREENBRIER COS GBX 0.60 0.62 Apr 3 2 +3.33
FIFTH THIRD BK FITB 0.42 0.44 Apr 17 2 +4.76
TD AMERITRADE AMTD 0.32 0.34 Apr 15 2 +6.25
FIDELITY SOUTHN LION 0.20 0.22 Apr 17 2 +10.00
COGECO CABLE T.CCA 1.09 1.10 Apr 9 2 +0.92
Don't trade these stocks until you have read the Zacks ESP Guide ?


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