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 Start The Week Modestly Lower
Stocks closed modestly lower yesterday.
Inflation concerns, which weighed on stocks early last week, but seemed to dissipate as the week wore on, are still present. But let's not forget that the Fed wants to see some inflation as the worry over the last several years has been about low inflation and not high inflation. So fears over runaway inflation seems premature at best, if not misguided.
While the worst of the cyberattack on Colonial Pipeline (the largest U.S. pipeline) appears to be over, now that they have come back on line, the gas shortages and long lines persist. In Washington, D.C., for example, nearly 90% of pumps are out of gas.
And tensions in the Middle East continue. But it has not had an impact on the U.S. economy or the market.
In other news, the Empire State Manufacturing Index came in at 24.3. That was under last month's 26.3 and views for 24.2. But for context, last month's reading was the highest in 5 years. And anything above 20 is a solid showing.
And the Housing Market Index came in at 83, which was inline with last month and expectations for the same.
As more and more of the country opens up, the economic rebound is expected to get stronger.
That's why forecasts have full-year GDP coming in at fastest pace in 36 years.
Then add in even more potential stimulus from the proposed infrastructure package and Families Plan package, and it could soar even more.
And that suggests a lot more upside to go for the market.
See you tomorrow,
Executive Vice President, Zacks Investment Research
Receive a monthly check. Worried the stock market is going down? The 15% Return does not fluctuate, or move with the market.
Very safe, we have never been late on a payment. Get a set preferred passive return that does not change. We have been in business for 30 years. No work, or learning involved. Backed 100% by collateral.
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 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: