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Stocks got back to their bullish ways Wednesday thanks to a robust Retail Sales report. Clearly consumers are not yet feeling any ill effects from recent tax changes.
If we can follow that up with a strong Jobless Claims report today and Industrial Production on Friday, then 1565 will likely be soon at hand. And maybe ready for the ascent up to 1600.
Now, I'd like to turn your attention to something I'm simply thrilled about. As you know, we are pretty proud of our Zacks Rank, which has proven to be the best fundamental timeliness indicator for stocks. Yet, that is only half the equation for many investors who also want their trades to be packed with great technical set ups.
Yes, the best of both worlds.
Our newest portfolio, TAZR Trader, blends Technical Analysis with the Zacks Rank to find timely and profitable trades. In just a short span it is 8 for 8 in picking winners in its long portfolio. I urge you to check it out for yourself before we close it to the general public on Saturday March 16th.
Now the best fundamental indicator can be enhanced by a unique blend of technical prediction factors. This sharpens its already proven selectivity, accuracy, and timeliness.
Introduced in late January, the strategy reduces the number of Zacks buy recommendations from 880 stocks to a manageable 7-10, and speeds up our normal 1-3 month profit cycle to as little as 1 - 5 weeks. Note: Access had to be closed to the public because of the strategy's popularity, but now it is open again to you - until Saturday, March 16.
Before you make a trade, get today's market news from Zacks' latest Ahead of Wall Street article. With timely information from Zacks analysts, each daily article features a preview of where the market is headed. Plus, Bull and Bear stocks of the day, Zacks #1s on the move, stock research reports, earnings and economic news, and a top-headline analyst blog. All of it in one easy-to-follow place to give you the edge.
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