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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

Dow Hits New All-Time High

Stocks were mixed yesterday with the Dow and the S&P up, while the Nasdaq and small-cap Russell 2000 were down. The Dow actually made a new all-time high and close in the process.

The stellar earnings season continues on with another 782 companies reporting throughout the rest of the week, and another 1,037 companies next week.

Yesterday's MBA Mortgage Applications dipped -0.9% w/w, while the Purchase Index declined -3.0%, and Refi's ticked up 0.1%.

The PMI Composite Final report came in better than expected at 63.5 vs. last month's 59.7 and views for 62.2. The Services Index rose to 64.7 vs. last month's 60.4 and the consensus for 63.1.

The ISM Services Index, however, slipped to 62.7 from last month's 63.7 and estimates for 64.2.

The ADP Employment Report estimated a large gain in private sector jobs with an increase of 742,000. That was under the 785K consensus, but well above last month's upwardly revised 565K gain.

We'll get another look at jobs today with the Weekly Jobless Claims report.

But the jobs report everybody will be watching is Friday's always important Employment Situation Report. The estimates are calling for a gain of 938,000 (that's 853K in the private sector and 85,000 in the public). And the unemployment rate is expected to come in at 5.8%, which is down from last month's 6.0%.

In the meantime, the economy continues its impressive rebound with even bigger gains expected as the year goes on.

And that suggests even bigger gains ahead for the market.

While the economic rebound we're witnessing is truly historic, we're also witnessing another historic event take place, and that's the digital revolution.

The pandemic couldn't slow it down. In fact, it only sped it up. And the unprecedented digital innovation is going to reshape virtually every part of the economy. If you were in the right stocks last year and early this year, you could have made a fortune. And the ongoing digital revolution is likely to mint even bigger winners as it unfolds. To learn how to take full advantage of it, be sure to read our latest commentary...

Stock Investors: You'd Never Forgive Yourself


Kevin Matras

Executive Vice President, Zacks Investment Research


FINALLY... Elon Musk's Secretive Supplier Revealed?

Forget Tesla. It's the company that's been supplying this key piece of tech to Elon Musk that will shock everyone.

This is all part of a $30 trillion megatrend.

And I'm not talking about blockchain, artificial intelligence, 5G, robotics, or the Internet of Things.

This trend is BIGGER than all of those things COMBINED!

And if Elon Musk mentions this company in a tweet, there's no telling how high shares could go.

Click here and get all the details before it's too late.

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U.S. Manufacturing Activity Continues to Expand: 5 Winners

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Solid revenues are necessary to drive growth, and there is a strong relationship between sales growth and the value of an enterprise. Read More »

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5 Top Defensive Stocks to Ride Out Market Volatility in May

We have highlighted five stocks from the utility and consumer staples sector that currently boast a Zacks Rank #1 (Strong Buy) or 2 (Buy). Read More »


Notice: Access Ending to Newest Zacks Strategy

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Bull of the Day: Apple (AAPL)

It's one of the most profitable companies in history and things just keep getting better. Read More »

New Zacks Strong Buys for May 6th

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More »


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