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.
Earnings Energizing Stocks, Market In Record Territory
Stocks finished modestly lower yesterday, but still look fantastic after the S&P and the Nasdaq closed at new all-time highs the day before!
Earnings season has been the recent catalyst for the market's winning ways. And we got more solid beats yesterday as well. That includes a double-digit positive earnings surprise from Microsoft after the close. MSFT was up nearly 5% in after-hours trade. And Facebook's unadjusted earnings (before their $3 billion set aside for a privacy penalty), pleased investors with FB gaining 8% after they reported.
We'll get some more biggies today as well, not the least of which will be Amazon after the market's close.
I'm definitely expecting more gains as this earnings season unfolds, and more new all-time highs to come.
In other news, the State Street Investor Confidence Index notched up from 71.2 to 72.9. The North American component improved by gaining 2.8 points at 71.1. But Asia decreased by -6.7 points to 92.9. And the European component dipped by another -1.5 points to 86.7. No surprise in any of these numbers. The U.S. is the best game in town and institutional investors know it. Asia pulling back is also no surprise. China has seen a great rebound after exiting their bear market. So a little bit of risk-off after a huge rally is not a shocker. But they look to be in fine shape. And while Europe continues to struggle, the EU is still expected to see positive economic growth, so all is fine there as well.
But the U.S. economy looks great. And we'll get another look at it in Friday's Q1 GDP numbers.
As I've said before, this is an historic time for our economy. And in turn, an historic time for the markets.
So make sure you're taking full advantage of it.
By the way, in spite of stocks being in record territory, I think valuations look great. Especially when compared to future earnings growth. But I know some people get spooked when they see a high stock price. Of course, the price of a stock tells you nothing about its valuation. For example a $100 stock can be considered a major bargain whereas a $10 stock can be considered overvalued. And vice versa.
But there's no denying the attraction of lower priced stocks. Especially when you find those overlooked gems right before they break out. I love finding those low priced picks just as much as the next guy. And if you like finding them too, make sure you read our latest commentary...
Zacks is now revealing its top stock recommendations priced under $10 per share. Each is a high-quality company with prospects for gains of 2X and even more. Recently, our recommendations have closed returns as high as +129.9%.
Strong earnings growth plus other Zacks' indicators mark our rare Under $10s for sustained growth. Look into them today, and then ride the potential profits high and long.
Retailers are focusing on cost savings, enhancing omni-channel capacities, introducing new brands, refurbishing stores and expanding same-day delivery options. Read More »
Before you make a trade, get today's market news from Zacks' latest Ahead of Wall Street article. With timely information from Zacks' analysts, each daily article features a preview of where the market is headed. Plus, Zacks #1s on the move, stock research reports, earnings and economic news, and a top-headline analyst blog. All of it in one easy-to-follow place to give you the edge.
Download our app for convenient on-the-go access to even more—daily and weekly newsletters published by Zacks experts, proprietary research and tools, and Portfolio Tracker on Zacks.com.
Visit Success Stories to hear how Zacks research, tools and portfolios help our members outperform the market.
Get all of our market insights and much more when you connect with us.
This free resource is being sent by Zacks.com. We look for investment resources and inform you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research is not a licensed securities dealer, broker or US investment adviser or investment bank. The Zacks #1 Rank Performance covers the period beginning on January 1, 1988 through January 7, 2019. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank #1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed above.
Zacks Emails If you would prefer to not receive future profit-producing emails from Zacks.com the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please click here and confirm your request. If you have trouble with the unsubscribe link, please email support@zacks.com.
Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606
Due to inactivity, you will be signed out in approximately:
Stocks finished modestly lower yesterday, but still look fantastic after the S&P and the Nasdaq closed at new all-time highs the day before!
_buy_run_9344_75x75.jpg)
