Zacks' Voice of the People highlights opportunities with J.P. Morgan Chase & Co., Goldman Sachs Group,, Baidu and Sina

Aug 02, 2011, 09:30 ET from Zacks Investment Research, Inc.

CHICAGO, Aug. 2, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "inthemoneystocks".


For more Voice of the People, visit

Featured Post

Debt Ceiling Deal Done, Will the Rally Hold?

This morning, the major stock market indexes are trading higher after a debt ceiling resolution was announced yesterday. The debt ceiling deal still needs to pass a critical vote in the U.S. Congress. Many traders and investors have already taken profits at the open this morning on any long positions that where bought last week. As a trader we simply want to be on the right side of the market, having an opinion simply just gets in the way.

Most stock sectors are bouncing higher this morning. The financial stocks are always a leading indicator, most financial stocks are catching a bid higher at the open. As long as the financial stocks continue to stay strong it is a good sign the rally can hold up for a couple of days. Should leading stocks such as J.P. Morgan Chase & Co. (NYSE: JPM), and Goldman Sachs Group Inc. (NYSE: GS) begin to fade or sell off then this rally could be in jeopardy.

Traders should watch the Chinese ADR's very closely today. Last night, the Shanghai Index failed to participate in the Asian stock market rally and this is a negative for the stock markets. Inc. (Nasdaq: SOHU) is a leading Chinese internet stock that is dropping sharply after reporting earnings this morning.

This leading Chinese ADR is declining by $6.45 to $83.62 a share. SOHU stock will have some short term intra-day support around the $82.00 and $80.00 levels.

Other leading Chinese internet stocks such as Baidu Inc. (Nasdaq: BIDU) and Sina Corp. (Nasdaq: SINA) have faded from their gap higher open. Traders must remember that the Shanghai Index usually leads the major stock indexes around the world. This important Asian index still looks fragile at this time.

Since the start of this article the major stock market indexes have already faded from the sharp gap higher open. Traders should continue to expect volatility throughout the trading session as there seems to be many problems with this rally. This stock market fade simply tells us that most traders and investors expected the stock market bounce at the open and don't really believe in the political fix for the stock markets.

About the Zacks Community

In 2008, Zacks Investment Research launched, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to

Follow us on Twitter:

Join us on Facebook:  

Visit for information about the performance numbers displayed in this press release.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Brent Billock
People & Picks Manager
Phone: 312-265-9307

SOURCE Zacks Investment Research, Inc.