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Stocks Poised For More Gains As Earnings Season Officially Begins This Week

The markets closed modestly lower on Friday, but up solidly for the week, with the Dow and the S&P up nearly 2%, while the Nasdaq gained close to 3%.

As trade tensions eased, stocks enjoyed an impressive week of gains.

And with Q1 earnings season set to officially begin this week, stocks are poised for even more gains. (Stocks typically rise during earnings season. And since this bull market began in 2009, the average increase for stocks during earnings season is more than 2%, with gains seen more than 70% of the time.)

But given how the market has diligently held support and has staged a promising rally, the gains should be even bigger as Q1 earnings should be just a catalyst that ultimately propels stocks back up to their all-time highs.

And with a robust economy, historical tax cuts, and surging corporate profits, the market should then begin a whole new leg higher.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research

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