Back to top

View the PFP Archive

Profit from the Pros

Stocks Pause As U.S.-China Trade Deal Takes Center Stage Once Again

Stocks closed a tad lower yesterday, but not before the Dow recorded its longest winning streak in more than a year.

Traders began the week cheering the deal with Mexico which averted tariffs.

The market is also optimistic over the expected meeting between President Trump and President Xi at this month's G20 summit. Although, President Trump's comments yesterday that he's the one "holding up the deal" with China, and that they need to return to the terms negotiated earlier in the year, likely gave the market some pause. He followed it with "we're going to either do a great deal with China or we're not going to do a deal at all."

Given that uncertainty, it will likely take an actual deal between the U.S. and China to see the market break out to new highs. Talk is great. But a real deal is what the market wants to see. Although, that could very well happen in the next few weeks.

In the meantime, I expect the indexes to remain well supported, and I fully expect plenty of individual stocks to continue breaking out to new all-time highs.

In other news, the NFIB Small Business Optimism Index rose to 105.0, easily beating last month's 103.5 and views for 102. Analysts noted this was the best reading since last October, and highlighted the historically strong levels of capital spending outlays.

Stocks look great after last week and so far this week.

And the market looks poised for more gains to come.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research


Just Released: The Top 8 Stocks to Buy for 2019

Of the nearly 4,500 publicly traded stocks, all but 70 are barely worth the fancy paper they're printed on.

I've got a better idea: Why not just buy EIGHT stocks in businesses that make money year after year?

These stocks knock it out of the ballpark year after year. In good times and bad. Bull markets and bear. They just keep posting more income and growth.

These "Power Elite" stocks have tapped into the 3 most powerful forces in the global economy: Addiction. Necessity. And monopoly.

They sell products that people can't stop buying.

This free video explains why.

Most Popular Articles from

5 Top S&P 500 Stocks to Fly High Despite Market Volatility

During the first four months of this year, the index recorded the largest gain in 30 years. Read More »

The Fight Over Big Data: CRM + DATA

Companies in the space are planting their stake deep in the foundation of the industry no matter the cost. Read More »

5 Highly Ranked Dividend Stocks to Buy Right Now

These stocks hold a Zacks Rank #2 (Buy) or better at the moment, as well as a dividend yield over 10%. Read More »

Where to Find the Top Retail Innovators in 2019

Like finance and technology, the retail industry is in the midst of a disruption. These innovators are taking it to the next level. Read More »

5 Top Picks to Tap Momentum in Wireless Equipment Space

The U.S. is progressing well to lead the world in 5G – the next generation of wireless connectivity. Read More »


Vanguard's 13 Most Powerful Funds

A small group of Vanguard funds outperform Vanguard's most popular funds by a whopping 224%.

Hold just a few of these 13 funds in the proper mix and you could triple your Vanguard profits.

Which few? Mixed how? It's all in a new report, YOURS FREE! Discover the 13 high-powered wealth builders that work together to give you 224% more profits.

Details in your FREE report!

Bull of the Day: Hibbett Sports (HIBB)

This sporting goods retailer is seeing strong estimate revision and comps growth. Read More »

New Zacks Strong Buys for June 12th

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More »

Customize Your Profit from the Pros Delivery

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

Download our Zacks App for Apple iOS
Download our Zacks App for Android

Visit Success Stories to hear how Zacks research, tools and portfolios help our members outperform the market.