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 Finished Down, But Well Off Their Lows
Stocks closed lower yesterday, but well off their lows. The Nasdaq even turned positive at one point, before finishing only marginally lower.
Continued concerns over the cyberattack on the Colonial Pipeline (the largest U.S. pipeline), which is causing gas shortages on the east coast, contributed to the market's weakness.
Same for the increased tensions in the Middle East after it was reported earlier in the week that the U.S. fired warning shots at Iranian gunboats in the Strait of Hormuz.
In other news, in the wake of last week's disappointing employment report, some states, and the administration, are separately talking about ways to get people back to work. Some states are ending the enhanced unemployment benefits, while the administration is saying that anyone who is "offered a suitable job" must take it or risk getting cut off of unemployment altogether.
We will see how these ideas play out.
This is an important issue, especially after the JOLTS (Job Openings and Labor Turnover Survey) report showed 8.123 million job openings, well above the consensus estimate for 7.456M, which illustrates the difficulty some employers are having in getting people to come back to work.
Expect more talk on the proposed infrastructure package and the Families Plan package this week, and in the weeks to come. The market will be focused on the size and timeline of these packages. And, of course, the proposed tax hikes on corporations and individuals to pay for it.
In the meantime, earnings season continues with another 735 companies on deck for the rest of this week. And another 446 next week.
As for economic reports, today we'll get MBA Mortgage Applications, the Consumer Price Index, and the Atlanta Fed Business Inflation Expectations.
See you tomorrow,
Executive Vice President, Zacks Investment Research
If you entered into a Mexican Government Bond Transaction from January 1, 2006 through and including April 19, 2017, your rights may be affected by pending class action settlements and you may be entitled to a portion of the settlement fund.
If the settlements are approved, the Net Settlement Fund will be divided among Settlement Class members who file valid Claim Forms online or by mail postmarked by October 13, 2021 at 11:59 PM Eastern.
You may obtain more information at www.MGBAntitrustSettlement.com or by calling toll-free 1-877-829-2941 (if calling from outside the United States or Canada, call 1-414-961-6592).
Zacks targets big gains from the innovative businesses behind blockchain – the emerging "Internet of Money." As this technology grows an estimated +6,700% by 2028, shareholders in these companies could make life-changing gains without speculating on volatile cryptocurrencies.
According to government sources, blockchain technology is "10 times more valuable than the internet." And just like the early days of internet stocks, the profit potential is tremendous. This is your chance to see our top picks to tap this phenomenon.
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 April 5, 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: