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 Finished Mixed, Market Trying To Put In A Bottom
Stocks closed mixed yesterday with only the Nasdaq posting a modest gain.
The world is still waiting for an official reaction from Washington regarding Saudi Arabia's involvement in the killing of journalist Mr. Jamal Khashoggi, and what the consequences might look like. But this has been a slow moving process. And with the President indicating he would consult with Congress on the appropriate response, it might be a while before we see what, if any, financial fallout results.
We also have the unease ahead of the midterm elections. But this should be short lived given it's only two more weeks away.
In the meantime, the market continues to try and put in a bottom. And we look very close to doing so, if we haven't done so already.
The market should also benefit from earnings season as it typically does.
And we have plenty of market moving economic reports out this week, starting with today's retail sales via the Redbook report, and the Richmond Fed Manufacturing Index.
The economy looks as impressive as ever.
And the market should soon be back to its winning ways.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
Virginia stock-picking millionaire says, Forget diversification! Buy one single $3 stock - that trades under a secret name – and you could retire rich.
Though the recent decision may not be a welcome move for Russia, it could be a new chapter for domestic defense companies developing nuclear weapons. Read More »
Starting now, you can get instant access to the latest picks from our hottest market-beating strategies. From 2017 through Q3 2018 they gained +91.1%, +111.0%, +122.0%, +137.9%, and +139.6%.
Zacks will also give you a free Special Report, Top 10 Stock Screening Strategies with formulas you can use to find high-potential gainers anytime you please.