Back to top

View the PFP Archive

Profit from the Pros

Stocks Rally, Shrugging Off Latest Round Of Tariffs

Stocks rallied yesterday as traders took the announcement of new tariffs on China, and vice versa, in stride.

To recap: on Monday, the U.S. said it will levy a 10% tariff on $200 billion of Chinese goods. And that will rise to 25% at the end of the year if there's no deal by then. The WH is also considering whether to put tariffs on an additional $250 billion of Chinese goods.

In retaliation, China yesterday, said it will impose tariffs of between 5-10% on an additional $60 billion of U.S. goods.

While the headlines scream trade war, let's not forget that this is all happening against a backdrop of continued negotiations. In fact, the U.S. and China just last week, already agreed to resume trade talks. Clearly, the tit for tat tariffs with deadlines for escalation is meant to keep the talks moving with ample incentive to make a deal.

And given the market's bullish response to this news, it's clear that the implementation of the latest round of tariffs, on both sides, is less severe than feared.

Stocks continue to trade within striking distance of making new all-time highs.

They got a little closer to that mark yesterday. Let's hope we get another step closer today.

And I wouldn't be at all surprised if we breakout to new highs by week's end.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research


Stock Market Millionaire Reveals: "This is the Pot Stock of the Decade"

This "pot stock of the decade" is minting a new wave of millionaire marijuana investors. And as one shareholder pointed out, "You don't have to smoke it to get high on its profits." If you've ever thought about investing in legal marijuana... now is the perfect time. The market is still young and one cannabis company is already blowing all others out of the water.

Click here to discover how you can score your share of the profits.

Most Popular Articles from

Winning Stock Picks from the Top 5 Industries with the Biggest Job Growth

Money-making details can quickly be uncovered with just an extra few minutes of reading of the current economic reports. Read More »

Trump Slaps New Tariffs on Chinese Goods: 5 Small-Cap Picks

Betting on small caps makes sense as they are likely to lose the least in this tit for tat tariff scenario. Read More »

Transport Services Aided by Multiple Tailwinds: 3 Top Picks

A robust U.S. economy, strong freight activity and lower tax rates are anticipated to fuel the transportation services industry's growth. Read More »

4 Stocks to Buy as Industrial Production Continues to Rise

Increase in industrial production for the third successive month makes the backdrop favorable for the manufacturing industry. Read More »

Anatomy of Success: AeroVironment (AVAV)

We highlight an example of how to realize an almost 90% gain in less than a year by following the Zacks Rank. Read More »


Can the Zacks Rank Get Even Better?

Since 1988, it has more than doubled the market, averaging nearly +26% per year.

Last year, a little-known research development added pinpoint technical analysis to strong Zacks Rank stocks for even more timeliness, accuracy, and profit potential. Not only did it beat the bullish 2017 market, but over the past year it has closed timely gains of +81.5%, +57.4%, +52.1%, and +35.9%.

This strategy screens down the best 880 Zacks Rank stocks to a small selection poised to make big moves.

See Its Latest Stocks Now >>

Bull of the Day: Microsoft (MSFT)

Azure, Office 365, and Xbox, oh my! Read More »

New Zacks Strong Buys for September 19th

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:
Contact Info:

Phone: 1.800.767.3771 ext. 9339

Get it on Google Play Get it on Google Play