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Profit from the Pros

Stocks Remain Near All-Time Highs As Earnings Season Gets Underway

Stocks were down modestly yesterday in very narrow trade.

Last week's partial trade deal has provided an immediate benefit in that a tariff truce has been achieved. But questions still remain on when China will begin their pledged purchases of U.S. agricultural products, and what else has to happen for that to start.

Word is that the deal could be documented and signed as early as next month when the two countries meet again at the Asia-Pacific Economic Cooperation Summit in Chile.

Either way, the cessation of new tariffs, the productive tone of the talks, and the agreement they reached, is a definite positive for the market. And as more details are fleshed out on the phase 1 deal, the greater the market's response should be.

Traders are also focused on earnings season. It's off to a great start so far. Although, it's only been a few days.

Nonetheless, since stocks typically go up during earnings season, there's plenty of excitement in the market right now.

And it's not uncommon to see individual stocks soar 10%, 15%, or even 20% or more in one day after a report.

The key is getting into the right stocks.

If you want to learn how to potentially find big winners this earnings season BEFORE they report, be sure to read our latest commentary...

How to Find Big Winners This Earnings Season

Best,

Kevin Matras

Executive Vice President, Zacks Investment Research

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