We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stocks Take A Breather, But Are Poised For More Gains
The markets ended mixed yesterday after surging higher on Friday. But the tech heavy Nasdaq and the Small-Cap Russell 2000 both finished in the green.
Last week's blow out jobs report sent the market soaring. So it was no surprise to see the market take a breather, especially with no new economic news out yesterday.
But we are only just a couple of percentage points away from erasing the recent correction and making new all-time highs.
I cannot underscore enough the strength in the economy, and how bullish the market looks.
As I've said before, these are historic times. So be sure you're taking full advantage of it.
I expect we'll be making new highs later this month. And if the Fed raises rates 25 basis points at their next meeting on March 21st, that could be just the catalyst the market needs to stage another upside breakout and embark on a whole new leg up.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
My #1 stock is a company that makes baking soda, kitty litter & deodorant. Boring! But it has been making money hand over fist since 1846. I've got 7 more stocks just like it that could turn $100k into $1 million.
Following Trump's tariff exemption and the Canadian economy's brighter prospects for this year, Canadian stocks are likely to emerge a strong investment option. Read More »
The robust fundamental backdrop, which we expect to further strengthen over the course of this year, has brought life back into the sector. Read More »
Zacks' private, market-beating value portfolio is open for you to examine. It seeks stocks that are "discounted" by 25-50% or more, then uses the Zacks Rank system to catch them just as the market begins to recognize their true worth.
Then it rides them to full gain potential whether it takes several months or several years. Recently, for example, it closed gains of +89.5% in 13-1/2 months, +167.8% in 5-1/2 months, and 36.0% in 2-1/2 months.
The markets ended mixed yesterday after surging higher on Friday. But the tech heavy Nasdaq and the Small-Cap Russell 2000 both finished in the green.
