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 Poised For Another Up Week, 4th Week In A Row
Stocks put in another solid day yesterday. And the market is poised for another up week, making it 4 weeks in a row!
The market was energized yesterday after hearing the U.S. was considering lowering some tariffs on China during the continued trade negotiations. Details have been muddy. And it's not clear if it's a go or not. But that definitely helped offset worries over the expected criminal prosecution against the Chinese company Huawei.
Earnings season also continues to excite with plenty of high profile beats again.
Although, after the close, Netflix posted a positive EPS surprise of 25% but missed on revs for a negative sales surprise of -0.48%. Shares were down by -4% in after-hours trading. But the broader futures market was still up.
For context though, NFLX is already up nearly 32% YTD. So if there is some weakness today, I wouldn't be overly concerned. Especially with their 8.8 million global subscriber additions, which topped their own forecast of 7.6 million. And their recently announced subscription price increase, which will boost their revenue numbers nicely.
We'll get another 25 companies reporting earnings today. And then another 363 next week.
In the meantime, 2019 is off to a great start.
And it's looking like it's going to be a banner year.
Best,
Kevin Matras
Executive Vice President, Zacks Investment Research
It's not too late to download our just-released Special Report. These aren't just 4 promising stocks.
They were handpicked from hundreds of strong companies by Zacks' experts because they present the greatest upside over the next quarter.
1. Cybersecurity firm designing Artificial Intelligence
2. Tech company with potential to revolutionize law enforcement
3. Strong retailer flush with cash and impressive growth figures
4. Biotech company with cures for cancer and other diseases in the works.
Don't miss this Ultimate Four report. Deadline to download is midnight Sunday, January 20.
In a matter of just a few years, "the Cloud" has evolved from a budding new tech feature to one of the main factors driving growth in the technology sector. Read More »
The industry is set for a smooth run on the back of strength across major end-use markets, higher industrial activities and gains in business investment. Read More »
Follow your investments easily in one place. Get free email updates that alert you to major events affecting your stocks and funds, including timely recommendation changes, earnings announcements and, most importantly, earnings estimate revisions.
Stocks put in another solid day yesterday. And the market is poised for another up week, making it 4 weeks in a row!
_8541_75x75.jpg)
