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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 End Higher On Positive Economic Data

Stocks closed up yesterday in active trading.

All of the major indexes were in the red early on with both the Dow and the S&P briefly piercing Monday's lows, before turning higher.

Let's see if the markets can build on that in today's session.

Yesterday's Jobless Claims came in better than expected with an increase of only 4,000 new claims at 870K, beating views for 880K.

And New Home Sales surged again coming in at 1,011,000 units (annualized), beating estimates for 875K. Last month's report was revised higher as well, going from 901K to 985K. Housing has been on fire. And it doesn't look like that's going to let up anytime soon.

We'll get another look at the economy today with the Durable Goods Orders report.

As I mentioned yesterday, in spite of the recent pullback, the underlying fundamentals for both the economy and the market are supportive.

In fact, this is the "fastest economic recovery from any crisis in history."

And with top analysts calling for unprecedented growth for the remainder of the year, and record growth next year, the markets are poised to soar.

So make sure you're taking full advantage of it.


Kevin Matras

Executive Vice President, Zacks Investment Research


Revealed: Zacks' Election Predictions

The election could spark a tremendous buying opportunity for savvy investors.

Zacks' 2020 Election Stock Report features 6 picks to own if Trump wins and 6 if Biden wins, based on their policy positions. They're practically guaranteed to climb after the election, and early investments could see the greatest gains. Our previous reports led investors to gains of +71%, +83%, even +185% - and this year's returns could be even more impressive.

The 2020 Election Stock Report is only available until midnight Sunday, September 27.

See Election Stocks Now>>

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