Investors were fixated on international trade again on Thursday, with President Trump’s inaccurate tweet about Canada raising eyebrows—while another uptick in the import price index underlined the higher costs Americans are paying for foreign goods. Still, other fresh economic data was encouraging and gains among several major U.S. companies were enough to lift the Dow higher.
Major Indexes
Dow: 24,886.75 / +128.63 / +0.5%
Nasdaq: 7,481.74 / -15.07 / -0.2%
S&P 500: 2,747.34 / -2.14% / -0.1%
Zacks Rank #1 (Strong Buy) Top Movers
Value: Federated National Holding - +6.8%
Growth: Electro Scientific Industries - +6.7%
Momentum: Renewable Energy Group - +4.0%
VGM: Interserve Plc - +2.6%
Income: FNHC
Top Headlines
Big Salad of New Econ Data: Jobless Claims, Import/Exports & More
This Thursday, as almost every pre-market Thursday, we get a fresh read on Initial Jobless Claims. We also see other economic metrics on this particular Thursday, including Import/Export Prices, Empire State and Philly Fed reports. In short, a wealth of economic data ahead of next week’s Fed meeting, where there is more than a 90% chance interest rates will hike another quarter-percent, to 1.75-2.00%.
Why Is Alibaba Stock Popping Today?
Shares of Alibaba (BABA - Free Report) popped about 3% in early morning trading Thursday after a new report suggested that the e-commerce behemoth is planning for a stock listing in its home country of China.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>
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 >>
Investors were fixated on international trade again on Thursday, with President Trump’s inaccurate tweet about Canada raising eyebrows—while another uptick in the import price index underlined the higher costs Americans are paying for foreign goods. Still, other fresh economic data was encouraging and gains among several major U.S. companies were enough to lift the Dow higher.
Major Indexes
Dow: 24,886.75 / +128.63 / +0.5%
Nasdaq: 7,481.74 / -15.07 / -0.2%
S&P 500: 2,747.34 / -2.14% / -0.1%
Zacks Rank #1 (Strong Buy) Top Movers
Value: Federated National Holding - +6.8%
Growth: Electro Scientific Industries - +6.7%
Momentum: Renewable Energy Group - +4.0%
VGM: Interserve Plc - +2.6%
Income: FNHC
Top Headlines
Big Salad of New Econ Data: Jobless Claims, Import/Exports & More
This Thursday, as almost every pre-market Thursday, we get a fresh read on Initial Jobless Claims. We also see other economic metrics on this particular Thursday, including Import/Export Prices, Empire State and Philly Fed reports. In short, a wealth of economic data ahead of next week’s Fed meeting, where there is more than a 90% chance interest rates will hike another quarter-percent, to 1.75-2.00%.
Why Is Alibaba Stock Popping Today?
Shares of Alibaba (BABA - Free Report) popped about 3% in early morning trading Thursday after a new report suggested that the e-commerce behemoth is planning for a stock listing in its home country of China.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>
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 >>
Get the latest research report on BABA - FREE