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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.


Kevin Matras

Executive Vice President, Zacks Investment Research


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