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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
  

Earnings Season And Stimulus Hopes In Focus Again This Week

Stocks closed mostly higher on Friday, although down for the week. But for perspective, that comes on the heels of a 3-week winning streak for the Dow and the S&P, and 4 weeks for the Nasdaq.

Continued uncertainty over stimulus made for a back and forth week.

But the positive comments from the White House and the Speaker suggest a deal is coming sooner or later. Whether that comes before the election or after appears to be less important to the market. All that really seems to matter at this point is whether there will be a deal or not. And both sides of the aisle appear to want one.

Earnings season continues to underpin stocks. And it's off to a great start. But it should hardly be a surprise. Stocks typically go up during earnings season. And this earnings season is expected to be quite robust given Q3's unprecedented +35% GDP growth estimates.

This week we'll get another 1,185 companies reporting earnings. And next week we'll get another 1,851.

In the meantime, the economy continues to improve.

This has been the fastest economic rebound in history.

And the historic growth forecasts suggest there's a lot more upside to go.

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

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research

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