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.
Plus New Zacks Strong Buys for Monday, September 23
Profit from the Pros
Q3 Earnings, 4 Trade Deals, And Maybe Another Rate Cut On Deck For Stocks
Stocks closed lower on Friday, and lower for the week, ending their 3-week winning streak. But stocks remain just under their all-time highs, with the S&P just 1.20% away.
So I wouldn't read anything into last week's slight pullback. After 3 weeks of gains totaling 5.63%, last week appeared to be nothing more than the market taking a breather until its next run up.
And it looks like that could come sooner rather than later.
For one, the U.S. and Japan are set to formalize a trade agreement this week when they meet again at the United Nations General Assembly session in NY.
The U.S. and India are also expected to finalize a trade deal in time for the UN session.
The U.S. and China are set to resume high-level, face to face trade talks in Washington, DC in early October.
Q3 earnings season begins shortly thereafter.
And the U.S. House of Representatives is expected to bring the USMCA deal to the floor for a vote by the end of October, where it's expected to pass (and then goes onto the Senate where it's expected to pass there as well).
Additionally, the Fed cut interest rates for the second time this year, just last Wednesday (with the first one taking place on July 31st). And with only two more FOMC meetings left this year (October and December), there's plenty of speculation that we'll get at least one more cut by year's end, which means that could come as early as October 30th when they next meet again.
I wouldn't rule out some additional volatility beforehand.
Especially on news that the U.S. is sending U.S. troops to the Middle East to deter Iran. The deployment is characterized as defensive in nature to strengthen air and missile defenses around Saudi Arabia and the United Arab Emirates. While it does mark another increase in tensions in the region, the market, so far, has been able shrug most of it off.
But the positive catalysts for the U.S. economy and the market far outweigh any potential negatives.
And it looks like there's a lot more upside to go.
So make sure you're taking full advantage of it.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
The industry's impressive run can be attributed to the solid performance of the its participants, which in turn is being buoyed by strategic growth activities. Read More »
Our 5 best-performing strategies have blown away the S&P's +15.8% gain from 2017 through 2018. Amazingly, they soared +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
Today you can access their live picks without cost or obligation.
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 June 3, 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 closed lower on Friday, and lower for the week, ending their 3-week winning streak. But stocks remain just under their all-time highs, with the S&P just 1.20% away.
