After observing the New Year’s Day holiday on Monday, the stock market had a solid first day of trading this year on Tuesday, as all three of the major indexes were up on the day. Once again, news involving Donald Trump grabbed headlines; this time, it was thanks to Ford announcing the cancellation of its proposed Mexico plant as a “vote of confidence” in the president-elect.

Also, investors are focusing in on the IPO market after a relatively sluggish 2016. With volatility over the U.S. Presidential election and Fed’s interest rate hike subsiding, we could be in store for a busier year in the IPO market.

Zacks Rank #1 (Strong Buy) Biggest Movers

Value: Vale SA (VALE Quick QuoteVALE - Free Report) – +5.58%

Growth: Ceragon Networks (CRNT Quick QuoteCRNT - Free Report) – +13.36%

Momentum: Organovo Holdings – +7.96%

VGM: CRNT

Income: USD Partners (USDP Quick QuoteUSDP - Free Report) – +4.80%

Major Indexes

DOW: 19,829.99 / +67.39 / +0.34%

NASDAQ: 5,414.88 / +31.76 / +0.59%

S&P 500: 2,252.73 / +13.90 / +0.62%

Top Headlines

Ford Stock Gaining on Mexico Plant Cancellation, "Vote of Confidence" in Trump

Shares of Ford Motor Company (F Quick QuoteF - Free Report) jumped more than 2.5% in morning trading Tuesday following the automaker’s announcement that it is cancelling plans to build a new manufacturing plant in Mexico and instead will invest $700 million in its home state of Michigan.

Will 2017 IPO Market Revive After Dismal 2016?

The IPO market is anticipated to revive in 2017 as volatility over the U.S. Presidential election and Fed’s interest rate hike subsides. President-elect Donald Trump’s promised policies to stimulate the U.S. economy through infrastructure spending as well as regulatory and tax reforms is expected to encourage investors on IPOs.

5 of the Best Stocks Under $10 for 2017

Today we’ve highlighted five stocks that are currently trading for under $10 per share. These stocks are also showing signs for solid growth in 2017, and all of them currently hold a Zacks Rank #1 (Strong Buy).

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?

Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold.  Be among the very first to see them >>