Stocks on Monday opened higher on lingering excitement over a “Goldilocks” economic situation, inspired by Friday’s new jobs report. Nevertheless, the Dow and S&P 500 struggled to stay in the green as investors sold off manufacturers likely to get hit by President Trump’s new steel and aluminum tariffs, while the tech-heavy Nasdaq remained positive—underscoring the continued strength of the sector that has dominated Wall Street over the past year.
Zacks Rank #1 (Strong Buy) Top Movers
Value: DAQO New Energy (DQ - Free Report) - +5.7%
Growth: Vectrus - +4.1%
Momentum: DQ
VGM: DQ
Income: Eisai Co. - +6.2%
Major Indexes
Dow: 25,212.9 / -122.7 / -0.5%
Nasdaq: 7,588.3 / +27.52 / +0.4%
S&P 500: 2,783.09 / -3.49 / -0.1%
Top Headlines
Tech Stocks Stage Stunning Recovery: 5 Nasdaq 100 Picks
A jobs report tailor-made to boost investor sentiment helped U.S. stocks surge higher last Friday. The biggest beneficiaries of this data were tech stocks, with the Nasdaq hitting closing and intraday records. In the process, the index recouped losses incurred during February’s correction, inching up marginally.
Should Investors Worry About Netflix After Citron Tweet?
Shares of Netflix (NFLX - Free Report) dipped over 3% on Monday after opening at a new all-time high. This slip might simply mean investors wanted to grab some profits, but it seems more likely that a tweet from infamous short-seller Citron Research caused Netflix's intraday slump.
Why Is Micron Stock Soaring Today?
Shares of Micron (MU - Free Report) gained more than 6.5% in early morning trading Monday after one key analyst took the most-bullish stance on the stock among their Wall Street peers.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Stocks on Monday opened higher on lingering excitement over a “Goldilocks” economic situation, inspired by Friday’s new jobs report. Nevertheless, the Dow and S&P 500 struggled to stay in the green as investors sold off manufacturers likely to get hit by President Trump’s new steel and aluminum tariffs, while the tech-heavy Nasdaq remained positive—underscoring the continued strength of the sector that has dominated Wall Street over the past year.
Zacks Rank #1 (Strong Buy) Top Movers
Value: DAQO New Energy (DQ - Free Report) - +5.7%
Growth: Vectrus - +4.1%
Momentum: DQ
VGM: DQ
Income: Eisai Co. - +6.2%
Major Indexes
Dow: 25,212.9 / -122.7 / -0.5%
Nasdaq: 7,588.3 / +27.52 / +0.4%
S&P 500: 2,783.09 / -3.49 / -0.1%
Top Headlines
Tech Stocks Stage Stunning Recovery: 5 Nasdaq 100 Picks
A jobs report tailor-made to boost investor sentiment helped U.S. stocks surge higher last Friday. The biggest beneficiaries of this data were tech stocks, with the Nasdaq hitting closing and intraday records. In the process, the index recouped losses incurred during February’s correction, inching up marginally.
Should Investors Worry About Netflix After Citron Tweet?
Shares of Netflix (NFLX - Free Report) dipped over 3% on Monday after opening at a new all-time high. This slip might simply mean investors wanted to grab some profits, but it seems more likely that a tweet from infamous short-seller Citron Research caused Netflix's intraday slump.
Why Is Micron Stock Soaring Today?
Shares of Micron (MU - Free Report) gained more than 6.5% in early morning trading Monday after one key analyst took the most-bullish stance on the stock among their Wall Street peers.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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