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Plus New Zacks Strong Buys for Tuesday, January 21
Kevin Matras   
Profit from the Pros
By Kevin Matras
Executive Vice President
Zacks Investment Research

Stocks Up Again Hitting New Record Highs

Stocks closed up on Friday and up again for the week. That makes it 2 weeks in a row for the Dow and the S&P, and 6 weeks in a row for the Nasdaq.

What a week it's been. Phase 1 of the U.S.-China trade deal was finally signed and made official. And the USMCA trade deal finally passed the Senate.

These two historic trade deals with our three largest trading partners are expected to add as much as three quarters of a percentage point to this year's GDP.

This comes on the heels of already having a record economy with our annual GDP pacing at a stronger rate than the average annual GDP of this entire bull market, unemployment at a 50-year low, and household income at a 20-year high.

And based on Friday's Housing Starts report for December, you can add the biggest increase for housing starts in 13 years!

Some have called this the best economy of our lifetime. And I would agree.

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

As you know, the markets were closed on Monday in observance of Martin Luther King Jr. day.

But trading resumes today with earnings season kicking into gear with 37 companies reporting today, and 286 companies reporting for the entire week. That's followed by 561 companies on deck for next week, and another 766 companies the week after.

And that bodes well for the market since stocks typically go up during earnings season.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research


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