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How Quickly We Forget

Less than a week ago the market had two nasty sell off sessions because of rising tensions with North Korea. We discussed how this was just an easy excuse for investors to take some profits off the table all the while many would be happy to buy the dip...and that is exactly what happened.

This event may have changed the shape of the market going forward. Instead of hitting 2500 followed by a healthy round of profit taking, we may have already witnessed the sell off. Now it is more likely that we see a breakout above 2500 instead.

No I am not saying an aggressive breakout. Those are few and far between at this stage of the aged bull market. I am saying more of a melt up market where stocks slowly go higher. More of a case of refusing to go down than stampeding higher.

It pays to stay bullish at this time. And it pays to load up your portfolio with Zacks #1 Ranked Strong Buy stocks.


Steve Reitmeister

Executive Vice President, Zacks Investment Research


Top 10 Stocks to Buy in August

Hilary Kramer has just released a list of ten unstoppable stocks that earned her top buy rating for August. The innovative companies named in this report are set to deliver knock out gains in the MEGA rally that's underway. We haven't seen a rally like this in the last 25 years. NOW is the time to load up on the 10 stock superstars that will lead the next leg of this historic rally.

Download your free copy today.

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