Small cap stocks have reversed the downtrend from last week and began Monday on a strong note. Jon Corpina of Meridian Equity Partners feels the market was helped by the Hillshire Brands, Pinnacle Foods deal that was announced in the morning. These acquisitions give investors positive momentum for the market. Corpina also says they will be watching the retailers as they report later this week. He is hoping they no longer blame the weather for poor results and that the consumer woke up from the winter hibernation and has begun spending again.
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