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Strong Start To Earnings Season Send Stocks Higher

Stocks put in another solid day yesterday as earnings season gets underway.

Earning season is always an exciting time for stocks since the market typically goes up during these times.

While earnings season officially just started yesterday with Alcoa reporting after the close (they posted a 32% positive EPS surprise), the market was energized yesterday morning after Goldman Sachs reported better than expected sales and earnings (7% positive sales surprise and 35% positive EPS surprise), before the open.

They went on to have their best 1-day post earnings performance in 10 years, gaining 9.54%!

If this is a foreshadowing of what's to come, it truly will be a blowout earnings season.

In other news, MBA Mortgage Applications rose 13.5% with the Purchase Index up 9% and Refi's up 19%.

And the Housing Market Index came in at 58 vs. views for 57 and last month's 56.

More good news to underscore the economy. And the market has been responding.

The market is already up 4.4% since the beginning of the year, and 11.5% since putting in their lows just after Christmas.

And with optimism that a U.S.-China trade agreement will finally get done, coupled with the perfect 100% track record of the market going up the year after midterms (on average of 17%), and there's a huge probability for a banner year this year.

So make sure you're talking full advantage of it.

That means getting into the right stocks and staying out of the wrong ones. Don't squander this time with preventable mistakes. Making money in the market is easier than you think. Just stick with proven, profitable stock picking strategies and you'll soon be beating the market. For tips on how to do that, and how to turn the probabilities of success in your favor on your very next trade, be sure you read my latest commentary...

Read This Before Your Next Trade


Kevin Matras

Executive Vice President, Zacks Investment Research


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