Attention: Zacks.com will be unavailable between 2:00 AM and 8:00 AM EST on Sunday, May 9th for planned maintenance.
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 Down On Profit Taking, Earnings Season Continues
Stocks closed lower again yesterday as profit taking and consolidation sets in.
Earnings season continues. And it's been a stellar start. But not every company is going to be rewarded.
For example, Netflix, after the close yesterday, posted both a positive EPS and sales surprise, but disappointed on subscriber growth and got hit by -10% in after-hours trade.
Expectations are high for earnings season, so companies are going to have to deliver on as many key metrics as possible.
We'll get another 87 companies reporting earnings today, a total of 305 for the rest of the week. And another 994 next week.
Talks have been going on behind the scenes regarding the $2.25 trillion infrastructure package. Some smaller, more targeted numbers have been suggested. As well as a smaller increase in corporate taxes to pay for it. No word on what the administration is willing to accept yet.
We are also expecting to hear the White House, later this month, propose another $1 trillion package called the 'family plan' that's aimed at child care and other domestic issues, along with a tax increase on individuals to pay for that one.
I would imagine both of those packages will be fleshed out more before the scheduled State of the Union address on April 28th.
In the meantime, the economic rebound continues.
There is some concern over an increase in virus cases in other countries, and even some setbacks here in the states.
That's unfortunate. But it's not expected to impact the broader reopening. And as more and more Americans get vaccinated, that will keep the virus at bay as we move toward something closer to normal.
Keep your eye on the big picture: the US is poised for the fastest growth rate in 36 years, near zero intertest rates are here for the foreseeable future, and record pent-up demand is soon to meet a record amount of stimulus money.
That's a recipe for explosive economic growth, and stock market gains.
So make sure you're taking full advantage of it.
See you tomorrow,
Executive Vice President, Zacks Investment Research
It's NOT cannabis. It's NOT bitcoin. It's NOT 5G. But it could be bigger than all of those. This new tech is fresh out of a secretive lab in Boston, and early investors are funneling as much money as they can into it. You could be looking down the barrel of 5,000% profits or MORE. Act now.
Starting today, you can claim a free copy of Finding #1 Stocks by Zacks' EVP Kevin Matras. You don't even have to pay for shipping! Its 300 pages unfold virtually every trading secret he has learned over the last 25 years to beat the market. Here's what's inside:
Exact formulas of strategies that produced gains up to +424.1%, +429.0%, and even +477.8% from 2016 through 2020…
How to spot bullish set-ups and bearish break-downs to stay ahead of the market…
Traits to determine the type of trader you are and finding stocks with highest probability of success…
Kevin's personal all-time favorite screening strategy…
And much more!
This limited-time offer will end Saturday, April 24 or when our inventory is depleted. Don't miss this unique opportunity.
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 firstname.lastname@example.org.
Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606
Due to inactivity, you will be signed out in approximately: