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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
  

S&P And Nasdaq Up, Setting New Records

Stocks closed mixed yesterday, with the Dow down slightly, but the S&P and Nasdaq in the green. (The S&P made a new closing high, and the Nasdaq made a new all-time high and close.)

Talk of more stimulus continues to be supportive. And it looks like the House is set to vote on the $1.9 trillion proposal in February.

The markets are also hopeful that as more big cities and states ease restrictions and allow businesses to open up, that will further support the economy.

In other news, the President signed a new Executive Order yesterday which will ensure the government buys more American products, thus supporting more American jobs. This is aimed at the $600 billion the government spends each year on procurement.

Earnings will be center stage this week as big marquee names like Apple, Microsoft, Tesla, Facebook, and Johnson & Johnson are set to report. In total we'll get 505 companies reporting earnings between today and Friday. And another 808 next week.

Earnings season is always an exciting time since stocks usually go up during earnings season.

And this earnings season is off to a great start.

So make sure you're taking full advantage of

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research

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