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.
After Three Up Days In A Row, Stocks Poised For A Positive Week
Stocks added to their gains yesterday making it three days in a row. After turning positive for the week intraday, they finished just under that mark by the close. But they are within striking distance of closing up for the week with one more day to go.
While there's a degree of confusion over what happens next with the trade talks, there's also a degree of optimism that a deal between the two largest economies will eventually get done.
In the meantime, our economy and the market looks great. And the outlooks for both look strong as well.
And they should. It's estimated that the first round of tariffs on $200 billion of Chinese goods, and the $60 billion of U.S. goods, would only shave two tenths to three tenths of a percent off of our GDP. Although, it would likely knock a half percent off of China's. That number climbs to four tenths to a half percent off of our GDP if the U.S. levies tariffs on the additional $325 billion it's threatened. And that would likely shave more than one full percentage point off of China's GDP. But with our full year GDP expected to be around 3% or more, we're starting from a great place.
Further underscoring the strength of our economy and our record jobs market was yesterday's Weekly Jobless Claims. They dropped -16,000 to 212K vs. last week's 228K and views for 219K.
Housing Starts were up more than expected at 1.235 million units (annualized) vs. last month's upwardly revised 1.168M units and estimates for 1.2M.
And the Philadelphia Fed Business Outlook Survey beat expectations as well coming in at 16.6 vs. last month's 8.5 reading and the consensus for 9.3.
Our economy continues to impress.
Today we'll get a look at Consumer Sentiment, E-Commerce Retail Sales, and Leading Indicators. And I'm expecting these numbers to impress as well.
If today's trading is anything like the last three days, we're poised for another up day and up week.
Best,
Kevin Matras
Executive Vice President, Zacks Investment Research
Be among the early investors in the new type of device set to transform the economy and our daily lives as much as the invention of the internet.
An estimated 20 million of these devices will go live every day for the next 6 years. In the process, the technology driving them is expected to create $11.1 trillion in economic impact.
A select few stocks will outperform their peers as this technology expands exponentially. Early investors could see gains similar to buying Amazon in the 1990s. Zacks' just-released special report reveals 6 stocks to watch. The report is only available until Sunday, May 19.
Instead of brooding too much on profit numbers, effectively judging a company's resiliency by assessing its efficacy in generating cash flows is far more rewarding. Read More »
Walmart, the largest brick-and-mortar retailer globally, is making a swift progress to boost its online presence despite Amazon's dominance. 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.
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 added to their gains yesterday making it three days in a row. After turning positive for the week intraday, they finished just under that mark by the close. But they are within striking distance of closing up for the week with one more day to go.
