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.
Profit from the Pros By Kevin Matras Executive Vice President
S&P Blasts Out Of Bear Market, New Bull Has Begun!
Image: Bigstock
Stocks soared yesterday with the S&P blasting out of its bear market!
As you know, the Dow exited its bear market on March 26th, when it closed up by more than 20% from its lowest close. Currently, the Dow is now up 26.04% from their lowest close.
The S&P finally followed suit and exited their bear market yesterday when it surged past 2,684.88, before finally closing at 2,749.98, up 22.91% from their lowest close.
The Nasdaq is not that far behind. They are now up 17.93% from their lowest close. But a close at or above 8,232.80 sees them exiting their bear market. And that's only another 1.75% away.
We also saw crude oil soar by more than 10% ahead of today's emergency OPEC meeting where Saudi Arabia and Russia are expected to cut production.
But the biggest piece of good news came from the fight against the coronavirus. It appears all of the social distancing measures are indeed bending the curve, and that we'll dodge the worst case scenario.
Gone are the predictions for up to 240,000 deaths. Now predictions are for 60,000 by early August. Still a tragedy. But I wouldn't be surprised to see that number lowered again as time goes by.
While we'll likely all be stuck inside for the rest of the month, planning is underway for how to reopen the economy. Will it be a partial open with certain regions going first and others to follow, or will it all open at once?
Nobody yet knows what that will look like. But it's a conversation we could've only dreamed about a few short weeks ago. Now we're planning for its actual implementation in the very near future.
In the meantime, we still have to take care of our businesses and employees that are temporarily out of work.
To date, there's been $100 billion in small business loans already processed, which is estimated to have saved as many as 9.5 million jobs.
But that money is going fast. And the original $350 billion is expected to be tapped out within the next few days/weeks.
Because of this, congress is expected to pass an additional $250 billion in small business loans this week to further help business and workers stay afloat for the next month or two until the economy reopens.
And once it does, this lifeline will allow everybody to hit the ground running.
But remember, the market is forward looking. It doesn't wait for the all clear sign before moving up. It does so ahead of time.
So now's the time to start building your portfolio of dream stocks for the inevitable bull market to follow.
But it's also a good idea to know how big money algorithmic traders (aka high frequency traders), are going about their business as well. Better to benefit from their moves than get taken advantage of. So be sure to read our latest commentary which outlines three steps to help you beat these algorithmic trading programs at their own game...
How often have you owned a stock that gets pummeled with no logical explanation? This is often caused by computer-driven High-Frequency Traders (HFTs). They fire off massive amounts of short trades to drive stock prices down, then profit from the rebound. Their gains come at the expense of human investors.
The good news is that Zacks has mounted a Counterstrike to catch the best of these "manipulated price drops" as they rebound. For example, we recently closed gains of +26.56%, +24.47%, and even one for +10.00% in just 1 day.
Access to these trades must be limited. It closes to new investors Sunday, April 12.
These four apparel companies are doing their bit to tackle the crisis. And, each one of them boasts a solid long-term earnings growth rate. Read More »
Use Zacks ETF Rank to help you select the very best ETFs for your portfolio. This quantitative ratings system takes into account asset class forecasts as well as several ETF-specific factors. All to give you a comprehensive account of a fund's potential before you invest your money.
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 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 March 2, 2020. 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:
_earnings_1010_565x377.jpg)
_bio_med_12553_75x75.jpg)
