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Plus 5 New Strong Buys for Today
Kevin Matras   
Profit from the Pros
By Kevin Matras
Executive Vice President
Zacks Investment Research

Stocks Up Again As Economic Reopening Expands

Stocks closed higher again yesterday as the economic reopening expands.

While the rioting continues in many parts of the country, it looks like most of the cities and states are finally doing something about it.

The tragic violence, vandalism, and looting of businesses is heartbreaking. Especially for those who have endured such hardships during this lockdown.

But those who can open are anxious to do so. And the communities they operate in are eager to support them.

We will get another Employment Situation report on Friday. And it's expected to be ugly. Even uglier than the last one with another -7.725 million jobs lost, and a 19.8% unemployment rate.

But the conditions that fostered those numbers are a snapshot of the past. And one that we are rapidly moving away from.

That's why stocks are up so sharply with the S&P up by more than 40% from the pandemic lows, while the Nasdaq is up by nearly 45% and is actually positive for the year.

Stocks are in a confirmed bull market.

And in spite of the big gains we've already seen, it looks like it's just getting started.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research


5 Tech Stocks to Buy Immediately

Eric Fry, one of America's top Investment strategists, provides his latest report 5 Tech Stocks Set for 1,000% Gains after the Coronavirus Sell off. You can't afford to miss out on the once in a decade chance to buy after the recent 25% dip in the markets.

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Continued Stay-at-Home Takes Gaming to Next Level: 5 Picks

Publishers have shifted the business model from single-unit to recurring revenue generated from a base of active users. Read More »

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Manufacturing Activity Improves in May: 4 Stocks to Buy

The recent rise in manufacturing is a sign that the economy is finally making efforts to bounce back. Read More »

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Spotlight to Stay on Food Companies: 5 Stocks to Buy for June

Food companies are witnessing increased demand from retail, mass merchants, supermarkets and e-tail customers. Read More »

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5 E-commerce Stocks to Buy Amid the Coronavirus Pandemic

Given the upbeat prospects, investors can tap the following stocks as these are well-poised to beat the COVID-19 qualms on strong fundamentals. Read More »

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4 Best ETF Charts of Q1 Earnings

While there are winners in many corners of the space, we cover four ETFs buoyed up on strong earnings results. Read More »


National Reopening Heralds Pot Stock "Gold Rush"

Legalized marijuana, with almost unimaginable profit potential, has swept over all of Canada, down through 33 states plus D.C. Mexico is finalizing plans to legalize pot for both medicinal and recreational purposes.

While the pandemic subsides, global sales are climbing fast and this new industry is predicted to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.

Not since the Repeal of Prohibition in 1933 has there been such a release of pent-up demand.

It's time to take advantage.

See Zacks' recommended buys >>

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Bull of the Day: Hexo Corp (HEXO)

There's a lot going for this low-priced cannabis company with a strong partnership Read More »

New Zacks Strong Buys for June 3rd

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


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