The Day Ahead: Getting in Gear for the Back-Half

There is no value in discussing the May employment number, and that is the stone-cold truth. At this point, all I can hope is that investors have put in critical thought over the weekend and come to an educated set of conclusions that they'll use in tailoring their portfolios. Here are a few of my own conclusions.

First, ideally the labor-force participation rate should grow in tandem with jobs. That is presently not the case, so don't get swept into the notion that 2014 will be ripe for profit-killing higher interest rates. The reality is that job seekers (and I see this firsthand in the horrifically mediocre resumes I receive) either lack the skill set to fill areas where employment is expanding, or they view open jobs as being beneath them. Ultimate read: When it comes to operating expenses leveraged to hiring decisions, it's unlikely we'll see a spike any time soon. In the meantime, this remains a benefit to companies' operating-profit margins....496 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.