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 Tuesday, October 15
Profit from the Pros
What to Watch for as Earnings Season Begins
This is Tracey Ryniec, Senior Stock Strategist, filling in for Kevin for one more day. He will be back the rest of this week.
Columbus Day is a strange day on the US stock exchanges as the stock market is open but the banks and many government agencies, including schools, are closed.
That's also why there weren't any earnings reports on Monday even though third quarter earnings season officially begins this week.
Yet, Wall Street has already moved on from the trade deal that powered stocks higher last week.
The Chinese said that they want further talks to hammer out more details of the Phase 1 agreement, but most of us already understood that this was a handshake deal which hasn't yet been put into writing. It seems that other than taking the 5% tariff escalation off the table, we're basically still at a status quo.
But at least the two parties are now talking, which is more than what has been happening over the last few months.
Instead, earnings season is now going to take the spotlight, at least until there are further developments in trade.
What an interesting week this is shaping up to be.
According to Zacks Director of Research, Sheraz Mian, analysts expect earnings to decline 5.1% this quarter while revenue is forecast to jump 4.2%.
With expectations that low, they may be easy to beat.
In addition to the big banks, I'll be watching Omnicom, Unitedhealth Group and United Airlines today. Advertising, Health Insurance and Transportation: three pillars of the economy. They should provide some added insights into what is really going on in the economy.
The sentiment remains bullish, with the large caps still trading near all-time highs.
Bring on the earnings reports.
Regards,
Kevin Matras
Executive Vice President, Zacks Investment Research
Starting now, you can get instant access to the latest picks from our hottest market-beating strategies. From 2017 through 2018 they gained +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
Zacks will also give you a free Special Report, Top 10 Stock Screening Strategies with formulas you can use to find high-potential gainers anytime you please.
Use the Zacks Mutual Fund Rank, a quantitative ratings system designed to help you find the best funds to beat the market. See which ones to buy, which to sell and track your favorite mutual fund family.
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: