Back to top

View the PFP Archive

ZACKS
2000 in the Cards. What's Next?

Yesterday I talked about the trend so far in July being sideways. However, on Tuesday the bulls tried to wrestle control back to their side.

In fact, they were successful in making a new intraday high at 1986. Just in the end stocks slipped back a notch producing only the second highest close in history.

It seems that earnings are strong enough...economic data too. This should get us knocking on the door of 2000 shortly. My bet is that it is in the cards by the end of this week. Next week at the latest.

What happens after that is the greater mystery. I think consolidating for a while underneath 2000 is the most likely outcome. Yet breaking above is not farfetched as the long term bullish trend should not be overlooked.

So that means investors should stay with a bullish bias. However, some modest profit taking around 2000 on your most aggressive positions is advised.

Featured Commentaries:

•  Two Items Added to the Zacks Rank for Explosive Returns

•  Oil & Gas Stock Roundup

•  Safe-Haven ETFs to Avoid Geopolitics

•  3 Great Semiconductor Stocks To Buy This Summer

Best,

Steve Reitmeister (aka Reity...pronounced "Righty")

Executive Vice President

Zacks Investment Research

Follow Us:  

Sponsor

Dear Reader,

We just received a very urgent opportunity from our friends over at Money Map Press.

It involves our colleague Dr. Kent Moors and a little-known construction site in a small Louisiana town.

Take a look:

You can see the site contains five large storage containers near a large body of water.

Seems pretty ordinary, right?

Think again.

Here's the exact same image, but from a distance this time...

What you're seeing is actually a $10 billion construction site. The areas highlighted in red and orange represent trains currently being built.

Most people don't understand the significance of this location.

And that's a shame because according to Dr. Moors - it could change your retirement for the better.

You see, when this construction site goes online next year, he believes it will generate billions of dollars in new wealth for thousands of people, right here, in this country.

That's why I strongly encourage you to check this out.

For the immediate details, go here, right now.

Bull & Bear of the Day

Zacks Rank #1

Accuray (ARAY)

Back to back big beats on the top line and the bottom line drive investor interest.

 

Zacks Rank #5

Amazon (AMZN)

The everything store might see margin pressure in its coming release.


Stock Picking Strategies

3 Auto Stocks to Race Ahead This Earnings Season  ››

Coal Industry Languishes, but All Is Not Lost  ››

REITs Counter Fed Suspense, Q2 Earnings in Focus  ››

 


Funds Commentary

Zacks #1 Ranked Technology Mutual Funds  ››

Safe Haven ETFs to Evade Geopolitical Tensions  ››

Banking Earnings Beats Fail to Boost Financial ETFs  ››


Options Strategies

Getting Ready for Earnings Season with Options  ››


Video Reports

Putting the Zacks Rank to Work For You

See how to put the Zacks Rank and the Billion Dollar Secret to work for you and how having more Zacks Rank #1 stocks in your portfolio leads to more gains.

Zacks Rank and Growth & Income Investing

You don't have to be retired to appreciate the benefit of dividend paying stocks. Learn how to find both growth and income stocks with the Zacks Rank.

Examples of the Zacks Rank in Action

See real life practical examples of both short-term and long-term trades and how the Zacks Rank can get you in and keep you in on the most profitable stocks.

Earnings HQ

Today's Noteworthy Earnings Before the Bell:   ››  PEPBABIIBDOWEMC

Today's Noteworthy Earnings After the Bell:   ››  TFBGILDQCOMCCI

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
CROCS INC CROX Jul 22 +0.36% +12.40%
CIT GROUP NEW CIT Jul 22 +1.02% +10.83%
POLARIS INDUSTRIES INC PII Jul 22 +1.42% +9.27%
ROYAL BANCSHARES OF PA CL A RBPAA Jul 22 +0.04% +8.37%
HELIX ENERGY SOLUTIONS GRP I HLX Jul 22 +0.52% +7.57%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Est.
Most
Accurate Est.
Reports Zacks Rank ESP
GENTEX CORP GNTX 0.48 0.49 Jul 24 1 +2.08
WRIGHT MEDICAL WMGI -0.45 -0.44 Aug 5 1 +2.22
KIRBY CORP KEX 1.30 1.34 Jul 30 1 +3.08
GENTIVA HEALTH GTIV 0.24 0.33 Aug 5 1 +37.50
BORALEX INC T.BLX -0.05 -0.03 Aug 6 1 +40.00
Don't trade these stocks until you have read the Zacks ESP Guide

Sponsor

Today's #1 Stock Opportunity

No it's not "Buy and Hold Forever" or "Buy Low. Sell High." Instead, it rides the most powerful force impacting stock prices. For more than a quarter century, it has nearly tripled the market with an average gain of +26% per year. This has been verified by an independent accounting firm.

You can easily master it in your own home without a class or seminar. Don't miss the unique opportunity.

Get started today >>


Manage Your Newsletter Subscriptions

Update Preferences         Update Your Profile         Unsubscribe All         Feedback         Send to a Friend
 

This free resource is being sent by Zacks.com to our subscribers. We look for investment resources and inform you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable.

All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, brokerage, market making or asset management activities of any securities. Visit www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks Emails

If you would prefer to not receive future profit-producing emails from Zacks.com the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please click here and confirm your request. If you have trouble with the unsubscribe link, please email support@zacks.com.

Zacks Investment Research, Inc.
10 S. Riverside Plaza, Suite 1600
Chicago, IL 60606

Please login to Zacks.com or register to post a comment.