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 22
Profit from the Pros
Stocks Up As Earnings Season Kicks Into Gear
Stocks closed higher yesterday to start the week off on a solid note.
Optimism on trade and a strong start to earnings season continues to push stocks higher.
As you know, stocks typically go up during earnings season, so there's plenty of excitement in the market right now.
Over the next four days, we'll get another 769 companies reporting earnings. And by week's end, more than 40% of the S&P companies will have reported as well.
Earnings season will keep on chugging along next week too with another 680 companies set to report.
But the focus will shift to interest rates come Wednesday, October 30th. That's when the FOMC announces whether they'll cut interest rates for the 3rd time this year.
The upcoming meeting/potential rate cut isn't the slam dunk that September's rate cut was where it was near unanimously expected.
But I think the market will do well regardless. If there is a rate cut, who can argue that lower rates (additional stimulus) isn't beneficial to the economy and stocks. But if there isn't a rate cut, one could easily deduce that the Fed felt the economy was strong enough, and that another cut wasn't needed at this time. And a strong economy is bullish news.
Whether we get a rate cut next week or not, let's also not forget that there's another FOMC meeting in December when the Fed will get to address rates all over again.
In the meantime, earnings are the main focus.
And so far, earnings season appears to be beating expectations.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
In the first two months after California dispensaries started to legally sell recreational marijuana, companies in the cannabis industry increased by nearly $2 billion in value. And now Canada just legalized recreational marijuana. Savvy investors are already grabbing positions in these 3 picks that are set to soar.
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.
The company is the largest semiconductor manufacturer in the world (54% share) with a market positioning that is multiples ahead of its competitors. Read More »
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 higher yesterday to start the week off on a solid note.
