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
|
Stocks Up 4 Days In A Row
Stocks were up again yesterday with the Dow, the S&P, and the Nasdaq closing higher for the 4th day in a row.
Last week's jobs report continues to underpin stocks, as well as excitement over Q2's earnings season.
With the market's average gain during earnings season in excess of 2% since this bull market began, nobody wants to miss out. Especially since being in the right stocks could generate gains of 10%, 20%, even 50% or more.
In other news, the NFIB Small Business Optimism Index came in at 107.2, beating views for 106.3. Analysts noted this was the 6th highest reading in the survey's 45 year history.
And retail sales via the Redbook report showed same store sales growing at a y/y rate of 5.2% vs. last month's impressive 4.4% pace. It was pointed out that this was the fasted pace since December 23rd when the holiday shopping season was in full swing.
As mentioned yesterday, the fundamentals look fantastic for both the economy and corporate earnings, and that should continue to push stocks higher.
With many expecting a spectacular 2nd half, the market could see accelerated gains as it makes up for lost time given the pullback earlier in the year.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
|
Most Popular Articles from Zacks.com
|
We discuss how to find winning stock-picking ideas in the government's 'boring' economic reports. Read More »
|
|
If you have doubts whether to invest your money in stocks or bonds, one important financial parameter that can show you the right direction is earnings yield. Read More »
|
|
Optimism over Q2 earnings coupled with a solid jobs report has shifted investors' attention back to equities dissipating fears of a global trade war. Read More »
|
|
The Zacks Experts take a look at two outperforming companies in the Healthcare arena. Read More »
|
|
The auto industry stands to suffer the most with President Donald Trump having implemented the first set of tariffs on goods imported from China. Read More »
|
|
Sponsor
Start Every Day Ahead of Wall Street
Before you make a trade, get today's market news from Zacks' latest Ahead of Wall Street article. With timely information from Zacks' analysts, each daily article features a preview of where the market is headed. Plus, Zacks #1s on the move, stock research reports, earnings and economic news, and a top-headline analyst blog. All of it in one easy-to-follow place to give you the edge.
Get the latest news >>
|
|
Rising oil prices have probably led many investors to consider buying strong oil stocks. Read More »
|
|
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More »
|
|
|
