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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 Up, Record Close For The S&P

Stocks were up yesterday, erasing Monday's losses and then some, with the S&P setting a new record close.

Strong earnings continue to impress.

Q2 earnings season is off to a strong start. But what may be even more impressive than the spectacular earnings and sales that many are posting, are the robust outlooks for Q3 and beyond. That suggests a strong second half.

Quite frankly, it's looking more and more like we are at the beginning of a multiyear boom.

On the economic front, the Redbook report showed same store retail sales up 17.2% y/y vs. last week's snapshot of 16.0%.

And Factory Orders were up 1.5% m/m vs. the consensus for 0.8%. Moreover, last month's tally was upwardly revised from a 1.7% m/m gain to a 2.3% m/m gain.

Today we'll get another look at the economy with MBA Mortgage Applications, the ADP Employment Report, the PMI Composite report, and the ISM Services Index.

And we'll get another 469 companies reporting earnings today (1,406 throughout the rest of the week).

In the meantime, stocks are trading at or near record highs. And it won't take much to send them even higher.

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

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research


The Biggest Medical Breakthrough in History?

The Mayo Clinic's elite researchers recently released a photo of two mice. One was graying and frail while the other showed none of the symptoms of aging. It's all due to a groundbreaking new pill in human trials now. Every $500 invested could turn into as much as $1.5 million.

Exact details here.

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