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 With Dow, S&P, And Russell 2000 Turning Higher For The Week
Stocks closed higher yesterday, with the Dow, S&P, and small-cap Russell 2000 turning higher for the week. The Nasdaq still has little more ways to go.
Stimulus talk continues.
But Tuesday's Senate testimony by Fed Chair Jerome Powell, and yesterday's testimony before the House, has sent stocks soaring.
The market was under pressure on Monday and early Tuesday as rising bond yields had some concerned that the Fed might decide to raise rates sooner than expected.
But Mr. Powell quashed that speculation by reiterating that he doesn't see rates rising in the foreseeable future; the Fed would allow inflation to run hotter and longer than usual before doing anything on rates; there are no plans to taper their asset purchases; and that he would clearly communicate a change in policy before taking any action.
Of course, anybody paying attention to the Fed in the last 6 months knows this. In fact, he has been saying for a while now that he expects rates to stay near zero thru 2023!
But it was great for the market to hear it again.
His optimism for improvement in the economy also didn't go unnoticed when he said, "while we should not underestimate the challenges we currently face, developments point to an improved outlook for later this year."
And with virus cases falling, more and more people getting vaccinated, and more and more big cities coming off of lockdown and letting businesses open, it's no wonder why forecasts for full year GDP this year are expected to come in at the fastest pace in 38 years!
This is history in the making.
So make sure you're taking full advantage of it.
That means getting into the right stocks and staying out of the wrong ones.
If you're looking for new stocks to buy with big upside potential, be sure to read our latest commentary on insider trading (the legal kind).
When top executives at companies are buying more shares, or when large numbers of executives are making new purchases, that can send a powerful signal that something good is happening to that company and will likely happen to that stock. And that can lead to big gains.
To learn more about this type of insider trading and how you can profit from it, please check out our latest commentary...
"What is that?" my friend asked when he saw my new iPhone, talking about the weird lens on the back. It doesn't take pictures, but it is the key to a $350 billion tech revolution that will make today's smartphones and computers obsolete by 2022. Find out the mind-blowing things this lens does and why it holds the potential for up to 10,000% gains.
Suddenly, 4 top officers at a leading industrial firm dug into their own pockets and bought thousands of shares of their company's stock. There's only one reason: They're convinced the stock is going up in price.
Using a proprietary strategy, we targeted that insider buying spree plus a handful of other compelling stocks with fresh insider purchases. These time-sensitive opportunities are now open to public view – but only until Sunday, February 28.
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 January 4, 2021. 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 email@example.com.
Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606
Due to inactivity, you will be signed out in approximately: