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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

Stocks Soar As Growth Outlook Fuels Gains

Stocks soared yesterday, essentially erasing Friday's losses.

What drove stocks higher? The same thing that's been driving them higher all year – the improving economy and prospects for even bigger growth ahead.

With the country opening back up, and life starting to get back to something closer to normal, there's huge pent-up demand out there that's fueling growth.

Of course, some see this as a double-edged sword as that could also be fueling inflation.

But the Fed was pretty clear that they believed the current increase in excess inflation is transitory, and brought on by supply disruptions due to Covid. And once these bottlenecks ease, so should inflation.

That's why they expect inflation to go down next year, why they left rates unchanged last week, and why they expect to do so thru 2022 and a portion of 2023.

In the meantime, the growth outlook is strong with the Fed increasing full-year GDP estimates from 6.5% to 7.0%.

And impressive growth like that doesn't send stocks lower, it sends them higher.

What we're seeing right now is history in the making.

And historic times typically usher in historic price moves.

So make sure you're taking full advantage of it.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research


Elon Musk's Next Big Bet: S.A.V.

He revolutionized online payment processing with PayPal...

He is revolutionizing space exploration with SpaceX and the auto industry with Tesla.

And now Elon Musk is getting ready to unveil his next big project.

S.A.V. will change everything... and make a lot of people rich.

Click here to watch the demo.

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5 Microchip Stocks to Buy As Industry Is On Track for Growth

The continued shortage once again proves that the microchip industry is in great shape and likely to perform well in the coming days. Read More »

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4 Small Drug Stocks Set to Escape the COVID-Led Industry Weakness

Successful innovation resulting in new drug/product approvals, important advances in clinical studies, and strategic collaborations with strong partners have kept these companies afloat. Read More »


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Bull of the Day: Camping World (CWH)

Time to camp out in this stock after testing technical support. Read More »

New Zacks Strong Buys for June 22, 2021

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


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