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 indiv idual 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 Again On Strong Economic Data And Stimulus Hopes
Stocks closed higher yesterday, making it four up days out of five since the correction lows were put in last week. But as September drew to a close, it also marked the first lower monthly close after being up five months in a row.
Nonetheless, all of the major indexes are trading above their 50-day moving average. And the longer that can hold, the better.
A slew of strong economic reports yesterday lifted stocks.
The Pending Home Sales Index soared 8.8% m/m, and hit an all-time high!
The Chicago PMI surged to a 21-month high at 62.4 vs. last month's 51.2 and views for 52.1.
Final Q2 GDP numbers showed a slightly smaller contraction at -31.4% vs. the previous estimate of -31.7%. (Q3 GDP is expected to be up a record 30% or more.)
And the ADP Employment Report came in well above expectations at 749,000 private payroll jobs vs. the consensus for 650K.
Also lifting stocks (at least early on) were hopes that a fifth coronavirus stimulus package could get done before the election. The Treasury Secretary and the Speaker of the House met yesterday in an effort to restart negotiations. While it became clear they were still far apart on a compromise, there's growing bipartisan support that something needs to get done asap as far too many people and businesses continue to struggle.
We have a bevy of economic reports on deck again today with the Challenger Job-Cut Report, Weekly Jobless Claims, Personal Income and Outlays, the PMI Manufacturing Index, the ISM Manufacturing Index, and Construction Spending.
Then on Friday, we'll get the always important Employment Situation report.
In the meantime, the market is looking better and better.
And with expectations for unprecedented growth for the remainder of the year, it looks like there's a lot more upside to go.
So make sure you're taking full advantage of it.
That means getting into the right stocks and staying out of the wrong ones.
Making money in the market is easier than you think.
You don't have to reinvent the wheel. But there are a few tips you can use immediately on your very next trade. And there's one in particular that can transform your portfolio. You can read all about it in my latest commentary...
If you're unhappy with your trading results and feeling hesitant, then you're going to want to attend this masterclass hosted by VantagePoint A.I. Their experts want you to see real results for yourself...that's why they're offering a FREE LIVE training event to demonstrate the A.I. forecasting right in front of you, with examples!
Four experts each announce their single favorite stock with the best upside for what looks to be a record-setting Q4. One is a next gen ad platform that's encroaching on Google and Facebook, forming alliances with Disney and Amazon, and entering China with 500 million mobile phone shoppers.
Today, download the private Special Report that names these stocks, and spotlights their exceptional gain potential as pent-up economic demand continues to release.
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 August 3, 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 firstname.lastname@example.org.
Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606
Due to inactivity, you will be signed out in approximately: