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Plus New Zacks Strong Buys for Thursday, January 23
Kevin Matras   
Profit from the Pros
By Kevin Matras
Executive Vice President
Zacks Investment Research

Stocks Closed Mixed, Strong Earnings Underpin The Market

Stocks closed mixed yesterday, but not before the S&P and Nasdaq hit new all-time highs yet again.

The economy continues to impress. Unemployment is at a 50-year low. Household income is at a 20-year high. And housing starts just saw their biggest increase in 13 years.

The administration just signed Phase 1 of the U.S.-China trade deal. And the Senate just passed the USMCA trade deal.

Earnings season is underway, and it's off to a strong start.

And we are in the midst of a 5-month winning streak.

It would not be out of the question to see a little bit of profit taking. But it also wouldn't be out of the question to see stocks continue to surge higher.

After all, this has been called the greatest economy of our lifetime.

And it stands to reason that the greatest bull market of our lifetime should follow.

So I would be a buyer on any dip. And I would be a buyer on strength.

Because it looks like there's a lot more upside to go.

In fact, I'm expecting another 25-30% gain in stocks this year.

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

That means getting into the right stocks and staying out of the wrong ones.

Don't squander this time with preventable mistakes. Just stick with proven, profitable stock picking strategies and you can make this year your best year yet. For tips on how to do that, be sure you read our latest commentary...

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Executive Vice President, Zacks Investment Research


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