Back to top

View the PFP Archive

Plus New Zacks Strong Buys for Friday, February 14
Kevin Matras   
Profit from the Pros
By Kevin Matras
Executive Vice President
Zacks Investment Research

Stocks Poised For Another Weekly Gain

Stocks closed modestly lower yesterday, but are on pace for another up week.

The markets were under pressure in the morning, but spent the rest of the day bouncing back. The S&P and the Nasdaq actually turned positive intraday before ticking back a bit by the close.

Reports of a sharp rise in new coronavirus cases in China weighed on prices early on. But when it was revealed that the jump in cases was likely due to how patients are classified as having the illness, the markets came back. An official at the World Health Organization said it "does not represent a significant change in trajectory of the outbreak", and called it "an after-fact of reporting."

In other news, Weekly Jobless Claims came in better than expected at 205,000 new claims vs. estimates for 211K.

And the Consumer Price Index (less food & energy) came in at 0.2% m/m (up from last month's 0.1%, and in line with expectations), and 2.3% y/y (same as last month, but up a bit vs. views for 2.2%). All in all, no surprises. And inflation remains moderate.

Today should be a busy day of reports with Retail Sales, Import and Export Prices, Industrial Production, Business Inventories, and Consumer Sentiment.

And more earnings with 81 companies on deck today.

We then get a 3-day long weekend as the markets are closed on Monday for Presidents Day.

But trading resumes on Tuesday with a full slate of new economic reports, and another 730 companies reporting earnings throughout the week.

It's been another great week so far.

And it won't take much to finish that way.


Kevin Matras

Executive Vice President, Zacks Investment Research


New Zacks Move Aims to Triple Your Investment

Don't miss the Sunday deadline to get in on Zacks' new approach to the skyrocketing potential of commodities including energy, metals, agricultural products, lumber, currencies, and more.

Now you can invest in this overlooked asset class the easy way. No futures contracts or option moves – just quality stocks and ETFs.

First move: Zacks is about to post an ignored ETF that could outpace palladium which more than TRIPLED in the last 3 years.

Important: Your chance to access our new portfolio ends midnight Sunday, February 16.

Be First to Its First Buys >>

Most Popular Articles from

5 Stocks to Make the Most of New Analyst Coverage

The price movement of a stock generally depends on the recommendations on it from new analysts. Read More »

Robust Off-Premise Sales to Drive Restaurant Industry

Restaurant operators are constantly partnering with delivery channels and digital platforms to drive incremental sales. Read More »

Tesla News, Nvidia Earnings Preview & Buy this Cheap Tech Stock - Free Lunch

Stock Strategist Ben Rains discusses global economic updates surrounding the coronavirus, earnings and a Zacks Rank #1 (Strong Buy) currently trading under $10. Read More »

Guide to 10 Most Popular Dividend ETFs

Dividend-focused products offer safety through payouts, and stability in the form of mature companies that are less volatile to large market swings. Read More »

Why is Chevron a Better Big-Oil Stock Than ExxonMobil?

We take a look at some key factors which need to be analyzed closely before ranking these two integrated energy giants. Read More »


Increase Investment Returns with Free Zacks' Portfolio Tracker

Follow your investments easily in one place. Get free email updates that alert you to major events affecting your stocks and funds, including timely recommendation changes, earnings announcements and, most importantly, earnings estimate revisions.

Click to Learn More>>

Bull of the Day: Ralph Lauren (RL)

Shares are seeing buying pressure after big earnings beat. A technical breakout could bring the stock even higher. Read More »

New Zacks Strong Buys for February 14th

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. 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

Download our Zacks App for Apple iOS
Download our Zacks App for Android

Visit Success Stories to hear how Zacks research, tools and portfolios help our members outperform the market.