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Profit from the Pros By Kevin Matras Executive Vice President
Stocks On Pace For Solid Weekly Gain
Stocks closed lower yesterday, but are still up nicely for the week with one more trading day to go.
The reopening of our economy continues to be the main story.
All 50 states have now reopened their economies in some shape or form. Although, the reopening has been quite uneven throughout the country.
Nonetheless, there's great enthusiasm and demand in the areas that have reopened. And people and businesses are eager to open up further.
All eyes will be on the 3-day Memorial Day weekend. Plenty of attention will be paid to the number of travelers on the roads, how many people are out and about, how did businesses fare, etc. And then of course, are there any spikes in cases in the days and weeks afterwards?
Gladly, in many places that have reopened, cases have not gone up. And in some, they continue to drop.
As more and more of the country opens up, the more our economy will recover.
And that means millions of people that temporarily filed for unemployment, due to the lockdown restrictions that shuttered businesses, will finally be able to go back to work.
Even though it will take some time to get back to normal, there will soon be an economic boom as months of pent-up demand are unleashed.
And that isn't going to go away anytime soon.
That's why top analysts are expecting an "unprecedented" second half recovery, with stocks expected to regain all they've lost by year's end.
And since the market is forward looking, that means the time to act is now.
As you know, stocks will be closed on Monday for Memorial Day.
Trading will resume on Tuesday as normal.
In the meantime, have a great Memorial Day weekend.
See you next week.
Executive Vice President, Zacks Investment Research
The Executive Vice President of Zacks, Kevin Matras is very optimistic about our country's financial future. He expects the stock market to soar as coronavirus-related fear diminishes and pent-up economic demand is unleashed when the pandemic subsides.
What's the key to being successful? Knowing the right strategies and where to find stocks that will lead the market when it rebounds.
For a limited time, Kevin is offering his hardcover book, Finding #1 Stocks, absolutely free so you can be in the best position as stocks begin to rise. In the book, he shares exclusive secrets to picking stocks including the exact strategies that produced gains of +118.0%, +175.7%, and even +186.7% from 2017 through 2019.
This brief opportunity will end at midnight Saturday, May 23rd or when inventory is depleted. Don't miss your chance to get an edge in the game.
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.
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