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
Stocks Up For The Second Week In A Row
Image: Bigstock
Stocks closed mostly higher on Friday, with all of the major indexes finishing up for the week, for the second week in a row.
Markets were lower in the morning on worries that the U.S. would announce harsh actions against China for imposing a new national security law in Hong Kong that could threaten their autonomy and democratic freedoms.
On Friday afternoon, the President addressed the China/Hong Kong situation, along with many other grievances with China, including their role in the spread of the coronavirus. In response, he announced that the U.S. would no longer fund the World Health Organization (who was believed to have worked closely with China in suppressing the early news of the virus); we will be suspending the entry of certain Chinese foreign nationals deemed to be a security risk; and we will investigate the practices of Chinese companies listed on U.S. stock exchanges that do not follow the same rules as other companies, thus posing hidden and undue risks for investors.
In addition, he ordered his administration to begin the process of eliminating policy exemptions and privileges that were once afforded the territory; and potentially sanction Chinese officials involved in the erosion of Hong Kong's autonomy.
While these announcements were tough, they were not as harsh as had been feared, and stocks rallied afterwards in relief.
While more measures could be announced, not to mention possible retaliation by China, nothing mentioned on Friday should have any direct negative impact on the U.S. economy.
And that means the U.S. can get back to reopening the economy without any new obstacles standing in the way.
With more and more states expanding their reopening plans this week and next, including some of the hardest hit areas like NY, the bigger and faster our recovery should be.
And that means even bigger gains for stocks.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
100% profit targets weekly - Options Genius shares his simple system to profit on options trades every single week with just 1 trade. If you are looking for 1 perfect trading idea to generate consistent profits you have to watch his short video.
Home-buying demand has come back with force and is now 16.5% above pre-coronavirus levels on a seasonally adjusted basis, helped by record-low mortgage rates. Read More »
At the heart of the buying is the amount of data each can gain control over, because that is what will drive ad revenue, ecommerce and the adoption of other kinds of technologies. Read More »
All indicators suggest that this recession will be unlike any we have experienced in the past, with a sharp downturn in economic activities and employment, followed by a reasonably quick recovery. Read More »
While there are winners in almost every corner of the space, we have presented five top-performing, small-cap ETFs from different sectors over the past month. Read More »
Our 5 best-performing strategies have blown away the S&P's impressive +53.6% gain from 2017 through 2019. Amazingly, they soared +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
Today you can access their live picks without cost or obligation.
The company is a safe way to invest in the semiconductor and electronics space while still being able to profit off the impending 5G revolution and the resurgence in hyperscale computing. Read More »
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 May 4, 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: