We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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 individual 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 End Lower, Earnings And Jobs In Focus This Week
Image: Bigstock
Stocks closed mostly lower on Monday, giving up their intraday gains.
But after a spectacular first 7 months of the year, a little bit of profit taking is to be expected.
The growth outlook continues to impress with full-year GDP expected to come in at the fastest pace in 37 years.
But admittedly, last week's weaker than expected Q2 GDP, which came in at 6.5% rather than the expected 8.0%, was a bit disappointing.
But as I mentioned previously, much of that can be attributed to temporary supply chain disruptions and worker shortages. But with extended unemployment benefits scheduled to end in September, and with many of those who were incentivized to stay home now being 'forced' to return to work, that will begin to bring relief to both supply shortages and worker shortages, while simultaneously easing inflation concerns as well.
Earnings season continues. We have another 1,757 companies reporting between today and the rest of the week. And then another 1,322 on deck for next week.
Traders will also be watching Friday's Employment Situation report for another read on the economy.
In the meantime, both the economy and the market have had a great first 7 months of the year. And they both look poised for even more upside to come.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
We have narrowed down our search to six large-cap stocks that witnessed robust earnings estimate revisions in the last 7 days and have strong upside left for 2021. Read More »
Our 5 best-performing strategies have blown away the S&P's impressive +103.9% gain from 2016 through 2020. Amazingly, they soared +381.1%, +424.1%, +429.0%, +477.8%, and even +580.0%.
Today you can access their live picks without cost or obligation.
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 June 28, 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 support@zacks.com.
Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606
Due to inactivity, you will be signed out in approximately:
merger_bigstock_1010_565x377.jpg)
