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
Stocks On Pace For 3rd Up Week In A Row
Image: Bigstock
Stocks finished up yesterday with the S&P making another new all-time high in the process.
With forecasts for big growth ahead, even a "Goldilocks" economy, to use Jamie Dimon's word, stocks continue to push higher.
What else would you call big growth, moderate inflation, and low interest rates? Sounds like an ideal scenario to me.
And not only are the forecasts bullish for this quarter and this year, but it looks like we could be on the cusp of a multiyear boom.
Although, not every economic report is going to look perfect all the time. Yesterday's Weekly Jobless Claims report missed expectations with a 16,000 increase in new claims to 744K vs. last month's 728K and views for 680K.
But let's also not forget what a blowout jobs report we got last week when it was shown that the US created 916,000 new jobs last month vs. the 625,000 that was expected.
And that's what Fed Chairman, Jerome Powell, wants to see more of. "We want to see a string of months like that so we can really begin to show progress toward our goals."
Today we'll get another look at the economy with the PPI-Final Demand report, and the Wholesale Inventories (Preliminary) report.
The three major indexes (Dow, S&P, and Nasdaq) are all on pace to close up for the week, which would make it the third up week in a row.
The economy looks excellent, and so does the market.
So make sure you're taking full advantage of it.
Best,
Kevin Matras
Executive Vice President, Zacks Investment Research
Technology is being developed and embraced at blinding speed. A small number of innovative companies are creating the world of tomorrow and appear poised for exceptional growth.
Zacks is targeting maximum profits from these stocks with the potential to generate triple-digit long-term gains. You're invited to see these exclusive recommendations – including 1 brand new pick on Monday morning.
Special opportunity ends midnight Sunday, April 11.
Plant-based food has been gaining popularity over the past few years, as consumers are becoming more health-conscious and opting for healthier diets. Read More »
Catch breaking news on your stocks and funds at a glance, including timely recommendation changes ... Zacks Ranks ... Industry Ranks ... earnings announcements ... earnings estimate revisions ... and more. And now you can screen for new stocks to improve portfolio performance.
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 March 1, 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 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: