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Profit from the Pros By Kevin Matras Executive Vice President
Stocks Up For The Week, 3 Weeks In A Row For Dow And S&P, 4 Weeks For Nasdaq
Image: Bigstock
Stocks closed mixed on Friday, but all of the major indexes closed up for the week, making it 3 weeks in a row for the Dow and the S&P, and 4 weeks in a row for the Nasdaq.
The economy continues to impress.
That was underscored by Friday's Retail Sales report which showed a 1.9% m/m gain vs. estimates for 0.7%.
And Consumer Sentiment which increased to 81.2 vs. last month's 80.4 and views for 80.5.
Earnings season picks up steam this week with 521 companies reporting. And even more next week with another 1,051 companies on deck.
As you know, earnings season is always an exciting time since stocks usually go up during earnings season.
There's great momentum for the economy and the market.
And with analysts predicting unprecedented growth for the remainder of the year, it looks like stocks have a lot more upside to go.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
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