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 Soar, S&P And Nasdaq Post Their Best Day Since March
Image: Bigstock
Stocks soared yesterday as Omicron concerns fade. The S&P and Nasdaq put in their best day since March, after the Dow did that the day before.
The two-week pullback could very well have run its course as the major indexes are now back to within striking distance of their previous closing highs. The Dow is only 1.96% away, the Nasdaq is only 1.49% away, and the S&P is just 0.38% away from their all-time high close.
That's not to say that Omicron isn't a concern because it is. But the worst-case scenario that sank stocks a couple of weeks ago looks to be off the table as the variant appears to produce mild symptoms, and the vaccines and therapeutics are believed to offer protection.
In other news, the Redbook report showed same store retail sales up 15.3% y/y. That's down from last week's snapshot of 16.9%. But it's still a solid increase.
Today we'll get MBA Mortgage Applications, and the Job Openings and Labor Turnover Survey report (or JOLTS for short).
After a rough start to the month, December has snapped back in a hurry with all of the major indexes now in the green.
And I'm not surprised. With Q4 GDP expected to accelerate into the end of the year, full-year GDP expected to come in at the fastest pace in 37 years, and with December typically being a strong month for stocks, it looks like we could see a strong finish to a spectacular year.
So make sure you're taking full advantage of it.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
Zacks is now revealing its top stock recommendations priced under $10 per share. Each is a high-quality company with prospects for gains of 2X and even more. Recently, our recommendations have closed returns of +108.6%, +110.4%, +393.8% and even +995.2%.
Strong earnings growth, plus other Zacks' indicators, mark our rare Under $10 stocks for sustained growth. Look into them today, and then ride the potential profits high and long.
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 November 1, 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_4040_75x75.jpg)
