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

X

View the PFP Archive

Profit from the Pros

Markets Surge Higher On Earnings, More To Come

The markets surged higher yesterday with all of the major indexes, once again, making new all-time highs. (I'll never get tired of saying that.) The Russell 200 Small-Cap Index led the way with an outsized 1.73% gain. Always great to see small-caps in the leadership position as that shows a healthy appetite for risk which is bullish.

Strong earnings, great optimism on the growth impact of the tax cuts, and forecasts from some expecting GDP to soar to 4% or higher, propelled yesterday's rally.

Yesterday's Jobless Claims, which increased more than expected by adding 11,000 new claims at 261,000 vs. last month's 250K and views for 245K were quickly brushed off. Continuing claims, by the way, showed continued improvement, dropping another -35,000 to 1.867 million, which is a 44-year low.

Today, economic report-wise, we'll get the Consumer Price Index, Retail Sales, and Business Inventories.

The market has put in an auspicious start to the new year. Pretty exciting.

2018 could be shaping up to be one for the history books. Make sure you're taking full advantage of it.

Best,

Kevin Matras

Executive Vice President, Zacks Investment Research

Sponsor

Top Tech Stocks to See Today

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' newest portfolio service targets maximum profits with gains that could rival Facebook's leap of +542%s and Amazon's +365% in 5 years.

You're invited to see these exclusive recommendations. Don't delay: access to this information closes midnight Sunday, January 14.

See Stocks Now >>

Most Popular Articles from Zacks.com

Enhance Your Investing Power With These 4 Low P/CF Stocks

Investment in stocks made on diligent value analysis is usually considered one of the best practices. Read More »

5 Top Bank Stocks to Buy as Q4 Earnings Bells Chime

Barring one-time accounting charges, improving consumer sentiment and rise in interest rates will help banks stay afloat this Q4 earnings season. Read More »

What Investors Need to Know About Marijuana ETFs

Marijuana stocks and ETFs have been soaring despite regulatory uncertainty; here is what investors need to know. Read More »

Can Biotech Keep Last Year's Momentum Alive in 2018?

The sector performed impressively in 2017 and the momentum is expected to continue in 2018 driven by new drug approvals. Read More »

Big Pharma CEOs Speak About Impact of Tax Reform on M&A

Quite a few pharmaceutical industry mergers, including some large deals, may be in the cards in 2018 now that the tax reforms are in place. 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: Chevron (CVX)

Increased oil prices, global growth, and Trump's oil initiatives are helping this company grow. Read More »

New Zacks Strong Buys for January 12th

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