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.
Another Great Day In The Market, Stocks Ready For More Gains
Stocks soared yesterday as earnings season got off to a strong start.
Big names like Netflix (which reported Monday night) and United Healthcare (which reported yesterday morning) easily beat expectations and stocks responded accordingly. And the ensuing market rally was broad-based as optimism for this earnings season continues to grow.
I'm expecting big things this earnings season (far more than the typical 2% gain), and the market seems to as well.
In other news, yesterday's Housing Starts came in better than expected with 1.319 million units (annualized) vs. expectations for 1.295 million.
Retail sales, via the Redbook report, also showed increased growth as same store sales were up 3.0% on a y/y basis vs. last month's 2.9% pace.
And Industrial Production beat expectations with a 0.5% increase vs. views for 0.4%.
Just more confirmation of a robust economy.
The market is in a great position right now and I'm expecting the market to surge higher.
With the 2 ½ month correction seemingly behind us, the market has a lot of catching up to do.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
Biotechnology companies are some of the fastest moving on Wall Street, doubling overnight as they develop the next generation of cancer cures and Alzheimer's treatments. These five fast-moving biotech stocks are poised for a big breakout as they bring new life-saving drugs to market, but most investors haven't even heard of the opportunity.
This metric evaluates the market price of a stock relative to the amount of cash flow that the company is generating on a per share basis - the lower the number, the better. Read More »
The market, historically, tends to gain momentum in the two weeks following the Tax Day, with technology, financials and industrials showing notable gains. Read More »
An improving rate environment continues to benefit insurers as they depend on rate-sensitive instruments to invest the chunks of cash they typically hold to meet their commitments to policyholders. Read More »
Zacks' research breakthrough now predicts with 81.69% precision which stocks will beat earnings expectations before their reports are released. This can lead to double-digit gains in as little as 1 day.
Which stocks is it picking now? You can find out until Sunday, April 22.
Stocks soared yesterday as earnings season got off to a strong start. 
