Back to top

View the PFP Archive

Profit from the Pros

Stocks Up Again, Could We See 9 Weeks In A Row?

Stocks closed higher again yesterday as traders await news on how the recent U.S.-China trade talks are going.

The Chinese trade delegation, after hosting the U.S. in Beijing last week, is in Washington this week for a continuation of trade talks. Deputy meetings were held Tuesday and Wednesday, while high level talks take place today and Friday.

There's a growing sense of optimism that a deal will eventually get done. Maybe not by the March 1st deadline. But President Trump has already said he'd be willing to extend the deadline for raising tariffs "if we're close to a deal."

So nobody is expecting a deal to be announced on Friday. But there is an expectation that both sides will emerge with a memorandum of understanding that will set the tone for the remaining negotiations.

In other news, yesterday's MBA Mortgage Applications were up 3.6% with purchases up 1.7% and refi's up 6.4%.

The Redbook report showed y/y same store retail sales were up 5.4% vs. last month's 4.6% pace.

And the FOMC Minutes confirmed what we already knew, which was that the Fed's 'guidance shifted from further rate hikes to neutral', while at the same time describing the labor market as 'strengthening' and GDP as 'solid.'

Between the strong economy, record employment, the Fed's more accommodative stance, excellent earnings, the budget talks behind us, and optimism over a U.S.-China trade deal -- this has been the perfect backdrop for the recent rally.

The best part is that it looks like there's a lot more to go. And when we do finally get a trade agreement (assuming we do), stocks will be in a perfect position to break out to new all-time highs.

There have already been plenty of winners so far. And some of the best outperformers have come from the tech sector. It's no secret that they have regularly been considered one of the top performing groups with countless double-digit and triple-digit winners between last year and today. And that trend looks as strong as ever with no hint of slowing down.

If you're trying to beat the market and truly take advantage of what's shaping up to be a banner year this year, you need to know who the next big technology innovators are. Because right now, we're on the verge of the next advancement in mobile networking technology. The coming data revolution and the Internet of Things will all rely on the promise of 5G.

If you don't know what that is, and how to profit from what's being billed as the 'biggest tech breakthrough in a generation', then be sure to read our latest commentary...

Investing In The Coming Data Revolution


Kevin Matras

Executive Vice President, Zacks Investment Research


The Greatest Trading Book Ever Written

I have been working very hard to introduce you to the greatest trading book ever written. At my trading firm, the very first thing that any new trader had to do was read this book. They wouldn't be allowed in my office if this book was not read. Now, I've taken this book and built an entire trading system around it. For anyone that has any interest in trading, this is a must read. It's about success, failure and then success again. This book is being offered today.

Get Your Copy Now