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Zacks News
Russell Takes Small-Caps +2.7% on the Day
by Mark Vickery
Apparently, what's potentially bad for the crypto market can be a boon for equities -- especially of the small-cap variety.
SEC Sues Coinbase (COIN) a Day After Binance
by Mark Vickery
It's a matter of extremely bad timing for the crypto community that the SEC has chosen now to come down hard on them.
Flat-to-Down Markets on Vision Pro Reveal, Binance Lawsuit
by Mark Vickery
Binance shares sold off -9.5% directly following the lawsuit registered against the company by the SEC.
5 Stocks in Dow ETF Leading Index to Best Day of 2023
by Sweta Killa
The Dow Jones Industrial Average jumped 700 points on Jun 2, its best day of the year so far.
Jobs Number Blowout: 339K, 3.7% Unemployment
by Mark Vickery
339K jobs were filled last month, close to double the expected 190K, and the strongest monthly labor figure since January's 472K.
ADP +278K, Much Higher than Expected
by Mark Vickery
The headline +278K is nearly +100K higher than consensus expectations, though down a tad from the downwardly revised +291K for April.
PCE, Income & Spending and Durable Goods All Stronger
by Mark Vickery
There's no recession visible, but the Fed is finding precious little in its way of adding another 25 bps rate hike in June.
2 ETFs to Watch for Outsized Volume on Mid-Cap & Healthcare
by Sanghamitra Saha
Mid-cap value ETF and healthcare ETF traded with an outsized volume yesterday.
Ex-Fed Chief Still Believes in "Soft Landing"; Dick's Outperforms in Q1
by Mark Vickery
Fed member appearances and various retailers reporting Q1 earnings are so far leading the market trajectories this week.
Nasdaq ETFs Beating Dow Since 1991: Will the Rally Last?
by Sanghamitra Saha
The Nasdaq Composite has established a substantial lead over the Dow Jones Industrial Average this year, with a margin of outperformance reaching approximately 19%.
Starting in the Shallow End of a New Trading Week
by Mark Vickery
The lion's share of market data comes toward the end of the week (the "deep end"): PCE and Durable Goods on Friday; Jobless Claims, Q1 GDP revision and Pending Home Sales Thursday.
Should SPDR Dow Jones Industrial Average ETF (DIA) Be on Your Investing Radar?
by Zacks Equity Research
Style Box ETF report for DIA
Import Prices Rebound to +0.4%; Consumer Sentiment After Open
by Mark Vickery
Year over year, Import Prices are down -4.8% -- the lowest print since the crater of the Covid epidemic in May 2020.
Will the Regional Bank Crisis Cause a Recession?
by John Blank
The major question posed is this one: Is the financial stress caused by this regional banking crisis so significant that the U.S. economy will stagger into a recession?
PPI +2.3% Year Over Year: Lowest Since Pandemic
by Mark Vickery
This +2.3% print is the nearest any inflation metrics have gotten to the Fed's optimal inflation gauge.
CPI +4.9% Year Over Year, 1st "4-Handle" in 2 Years
by Mark Vickery
While we applaud the first sub-5% Inflation Rate since before the Great Reopening, we still see core numbers considerably higher than the Fed's optimal +2% inflation.
5 Defensive Investment ETF Strategies for Your Portfolio
by Sweta Killa
A defensive investment in the stock market is designed to minimize risk and protect your portfolio during market downturns.
New Economic Data Curbs Pre-Market Losses
by Mark Vickery
Once we saw a few economic prints hit the tape this morning, market indices have cut their losses notably.
Fed Hikes 25bps; Markets Fall on Powell's Forecast
by Mark Vickery
The Fed funds rate now lies at a range of 5.00-5.25%, the highest levels we've seen since George W. Bush was still president.
ADP for April: 296K New Jobs - Stronger than Expected
by Mark Vickery
The 296K headline was more than double the 133K anticipated by analysts. It also was more than double the previous month's downwardly revised 142K.
Mid-Cap and Tech: 2 ETFs to Watch for Outsized Volume
by Sweta Killa
VOE and FXL saw massive trading volume in yesterday trading session.
Retail Sales -1%, Lower than Expected; JPM, C, PNC Beat in Q1
by Mark Vickery
Unofficial Q1 earnings season has kicked off with JPMorgan (JPM) posting a +20% positive earnings surprise.
Lessons to Capture from Job Postings on Indeed
by John Blank
Successful U.S. job market demand management supports the case for a "soft" growth landing.
Will Q1 Earnings Fuel a Rally in Dow ETF?
by Sweta Killa
As the index is closely tied to the cyclical sectors, the banking turmoil hit hard the Dow last month. Recession fears have added to the woes.
PPI +2.7% YoY, Back Near Pre-Covid Levels
by Mark Vickery
+2.7% is 220 bps lower than the upwardly revised +4.9% the previous month, more than 4x lower than the 40-year highs we were registering a year ago.