Back to top

View the PFP Archive

Plus New Zacks Strong Buys for Monday, June 24

Profit from the Pros

Markets Up Three Weeks In A Row, S&P At New All-Time Highs

Stocks closed modestly lower on Friday, but sharply higher for the week, making it 3 up weeks in a row.

The S&P broke out to new all-time highs last week, while the Dow is just 0.86% away, and the Nasdaq is just 1.77% away from making new all-time highs of their own.

Traders cheered the Fed's indication last week that they might cut rates, saying they will step in to "sustain the expansion" if needed.

And optimism continues to grow ahead of President Trump and President Xi's meeting at this week's G20 summit. Delegations from both countries will be holding talks in preparation of the presidential meeting where market watchers are expecting a real breakthrough to take place, and maybe even an agreement.

Stocks also brushed off growing tensions between the U.S. and Iran after it was reported that Iran shot down a U.S. drone in international airspace. In response, it was reported that the U.S was 10 minutes away from striking specific Iranian targets in retaliation, but was called off due to the projected casualties.

Many still expect a response from the U.S., but it's looking like it will be a more measured response. Especially since President Trump was pretty clear that he does not want war with Iran, and that the incident might have been an unintentional error on Iran's part.

Given that, the markets breathed a sigh of relief, and were able to turn their focus back to the economy and trade.

And with a strong economy, the best jobs market ever, and the prospect of a long awaited U.S-China trade agreement just a few weeks away, stocks look better than ever.

These are truly historic times for the economy and for the market.

So make sure you're taking full advantage of it.

Best,

Kevin Matras

Executive Vice President, Zacks Investment Research

Sponsor

Claim your Free Copy of Finding #1 Stocks

Finding #1 Stocks Report
One single idea changed Kevin Matras' life as an investor, enabling him to tap into the greatest force driving stock prices. In Finding #1 Stocks, Kevin reveals his top stock-picking secrets and strategies based on this powerful idea. Now you can claim a free copy of the 300-page hardcover book. .

From 2017 through 2018, while the market climbed +15.8%, these strategies gained up to+61.6%, +68.1% and even +98.3%. You can take full advantage of them without attending a single class or seminar, in a lot less time than you think. Opportunity ends midnight Tuesday, June 25.

Learn more now >>

Most Popular Articles from Zacks.com

S&P 500 Hits Fresh High, Can it Cross 3,000 in 2019? 5 Picks

At this stage, it will be prudent to invest in technology stocks within the S&P 500 Index for solid gains. Read More »

5 Best-Performing S&P 500 Stocks So Far This Year

We have highlighted stocks that have shown strong momentum so far this year and have a solid Zacks Rank #1 (Strong Buy) or #2 (Buy). Read More »

4 Retailers That Are Up More Than 20% YTD & Still Look Solid

Retailers are enhancing omni-channel capacities, introducing new brands, refurbishing stores and optimizing price. Read More »

3 Big Biotechs Hold Growth Potential in Second Half of 2019

The sector, on a bull run the first half of the year, has outperformed the large cap pharmaceuticals industry so far. Read More »

3 Stock Picks to Consider When the Fed Cuts Rates

Investors are almost unanimously convinced that there will be a federal funds interest rate cut in July. Read More »

Sponsor

Start Every Day Ahead of Wall Street

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.

Get the latest news >>

Bull of the Day: Malibu Boats (MBUU)

Analysts are excited about this small-cap growth opportunity and have been raising EPS estimates over the last 60 days, propelling it to a Zacks Rank #1 (Strong Buy). Read More »

New Zacks Strong Buys for June 24th

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 Zacks.com.

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.