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Profit from the Pros By Kevin Matras Executive Vice President
Nasdaq Makes Another New All-Time High
Image: Bigstock
Stocks were mixed yesterday, but the Nasdaq made another new all-time high with a 0.13% gain. The small-cap Russell 2000 was up as well with a 0.33% gain.
The story remains the same; economic optimism continues to drive stocks higher.
With Q2 GDP estimated to come in at 10.3%, and the Fed raising full-year GDP from 6.5% to 7%, the economy looks set to soar.
We'll get another look at the economy with today's Durable Goods Orders report, the third and final estimate for Q1 GDP (6.4% est.), Weekly Jobless Claims, Retail and Wholesale Inventories, the Kansas City Fed Manufacturing Index, and Corporate Profits.
In the meantime, the economy looks great. And so does the market.
For a more detailed outlook on what to expect from stocks in the second half, be sure to read our latest article.
In it, we go over three key ingredients to help you beat the market. Pay attention to these three things, and 2021 could be a time for record gains. You can read all about it in our article titled...
Today, we are inviting you to take a free peek at MarketBeat's proprietary, exclusive and up-to-the-minute list of 7 Stocks to Buy and Hold Forever.
These stocks have incredible long-term prospects
Many of these companies might appear to be nothing special at first glance. Others might be names you have heard before and decided to pass on, but financials don't lie.
The companies on this list print billions of dollars of cash each year in profit and show no sign of slowing down.
If you haven't given these companies strong consideration for you portfolio, now is the time to take a look.
Wearables, including fitness trackers and ear-worn devices, have been witnessing solid momentum with growing emphasis on health and fitness.. Read More »
The launch of newer styles, customization options and digital expansion have brightened prospects of the Zacks Retail - Apparel And Shoes industry. Read More »
The pandemic wiped out a shocking $4.5 trillion dollars from the travel industry. But now that COVID is retreating, Americans are ready to take trips they've waited over a year for.
Travel is set for a massive recovery. Airbnb's CEO called it "a rebound unlike anything we've seen in a century."
This recovery is creating a tremendous profit opportunity for savvy investors – and Zacks has just released an urgent special report highlighting 8 stocks that could deliver huge gains starting this summer.
Millennials continue to reach their prime homebuying years and a shortage of homes could help PulteGroup and other homebuilders continue to grow. Read More »
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More »
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