Back to top

Free: Subscribe to Profit from the Pros

Zacks' Bull Stock of the Day, morning market e-briefing, strategies for picking the best stocks, funds, ETFs, and options plus more.

Join 500,000+ investors in-the-know.

Privacy Policy

View the PFP Archive

Profit from the Pros

Will It Be Five Weeks In A Row Of Gains?

The markets ended modestly lower yesterday, but remain near their all-time highs.

Lending support to the market was yesterday's Weekly Jobless Claims which fell by 15,000 to 243,000, beating last month's 258K and views for 252K.

The Producer Price Index-Final Demand report was also supportive with the m/m change at 0.4%. On a y/y basis we were up 2.6%. Analysts pointed to a spike in energy prices as having a larger impact on the numbers. And you can see that in the snapshot that excludes food & energy as that y/y rate of change came in at a more moderate 2.2%. But both sets of numbers show a slow and steady uptrend in inflation, which is what the Fed wants to see for a healthy economy.

Later today we'll get the Consumer Price Index report, Retail Sales, Business Inventories, and Consumer Sentiment. I expect these reports to also underscore the strength in the economy.

Most of the major indexes are within striking distance of making it five weeks in a row of weekly gains. And it won't take much to get there.

I'm not surprised at this at all. As you know, I'm expecting at least 2,600 in the S&P by year's end. But at this pace, I think we can get even higher.

These are historic times.

Best,

Kevin Matras

Executive Vice President, Zacks Investment Research

Sponsor

Notice to Zacks Members

Technology is being developed and embraced at rapid speed. A small number of innovative companies are creating the world of tomorrow and appear poised for exceptional growth.

Zacks has just launched an initiative to target maximum profits these stocks. Gains could rival Facebook's leap of +627% in 5 years and Apple?s +750% in 10 years.

You're invited to be among the first to see our recommendations. Don't delay: access to this information closes midnight Sunday, October 15.

Take Advantage Now >>

Most Popular Articles from Zacks.com

5 Stocks With Strong Earnings Beat Potential

These top-ranked stocks are likely to beat on the bottom line in their next releases. Read More »

Aggressive Growth Rank Buys

KORS and JBL are both profiled as aggressive growth stock picks. Read More »

Are There Any Cheap Tech Stocks?

Here's where to look if you're trying to find value stocks in technology. Read More »

5 Chemical Stocks to Enrich Your Portfolio Before Q3 Earnings

Chemical companies are expected to continue the earnings momentum in Q3 as the fundamental driving factors remain firmly in place. Read More »

Fed Minutes Validate December Rate Hike: Top 5 Gainers

The Fed, at the September policy review, kept rates unchanged at their current range of 1% to 1.25%, while predicting one final rate hike in 2017 and three more in 2018. Read More »

Sponsor

Increase Investment Returns with Free Zacks' Portfolio Tracker

Follow your investments easily in one place. Get free email updates that alert you to major events affecting your stocks and funds, including timely recommendation changes, earnings announcements and, most importantly, earnings estimate revisions.

Click to Learn More>>

Bull of the Day: Vertex Pharmaceuticals (VRTX)

Cystic fibrosis is a life-shortening genetic disorder affecting 75,000 youth and Vertex is leading treatment with multiple breakthroughs. Read More »

New Zacks Strong Buys for October 13th

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More »

Customize Your Profit from the Pros Delivery
Connect with Us:
Facebook
Twitter
StockTwits
Contact Info:

Phone: 1.800.767.3771 ext. 9339
Email: support@zacks.com