We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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 individual 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
Rise In Virus Cases Weigh On Stocks, But Big Earnings Week Could Provide Lift
Image: Bigstock
Stocks closed lower yesterday across the board.
Continued uncertainty over stimulus remains.
So does the uncertainty over next week's election.
But the growing number of coronavirus cases around the world, most notably in Europe where new shutdown measures are being considered, seemed to be the biggest weight on stocks.
Even though the World Health Organization the other week came out against large lockdowns as doing more harm than good, targeted lockdowns are being talked about as alternatives. But nobody yet knows what that would look like and who would be affected. Whatever it looks like, it will be a setback to the EU's economic rebound.
And with cases on the rise in the states, traders are wondering what that could mean for the U.S.
Gladly, we are in a much better position now than when the virus first hit. The medical community knows far more about it than before. There's less fear of running out of supplies and resources. There are promising therapeutics in development, with some already available and in use. And a vaccine(s) could be ready by year's end.
Nonetheless, the rise in cases is an unfortunate development.
Given that, amongst other things, volatility is likely to stick around for a while.
On the plus side, a stimulus announcement could be good news for the market.
And this week is expected to be a busy earnings week. Since stocks usually go up during earnings season, that's a big potential plus. Especially since this earnings season is off to a strong start.
We also have a full slate of economic reports on deck. And the economic reports have so far been a positive for the market.
Today we'll get Durable Goods Orders, retail sales via the Redbook report, the Case-Shiller House Price Index, Consumer Confidence, and the Richmond Fed Manufacturing Index.
In the meantime, the economy continues to improve.
And as long as it does, that should be good news for stocks.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
Now is an opportune time to invest in the industry and we have selected five stocks with a Zacks Rank #1 (Strong Buy) that are likely to gain ahead. Read More »
Not only are these companies hot, but they have solid earnings surprise track records with most of them beating nearly every quarter for years. Read More »
Our 5 best-performing strategies have blown away the S&P's impressive +44.0% gain from 2017 through Q2 2020. Amazingly, they soared +50.9%, +93.8%, +122.2, +153.0%, and even +156.8%.
Today you can access their live picks without cost or obligation.
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 31, 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 support@zacks.com.
Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606
Due to inactivity, you will be signed out in approximately: