Stocks Up Again, S&P Hits New All-Time High

Plus New Zacks Strong Buys for Tuesday, October 29

Profit from the Pros

Stocks Up Again, S&P Hits New All-Time High Stocks closed solidly higher yesterday with the S&P hitting a new all-time high milestone. Strong earnings continue to propel stocks higher. And while there will undoubtedly be some additional high profile misses before this earnings season is over (Alphabet (i.e., Google) being one of them as they just missed on earnings after the close yesterday), it's clear that this earnings season overall is coming in better than expected. There's also plenty of optimism on the U.S.-China trade deal. President Trump on Monday said that things looked to be "ahead of schedule to sign a very big portion of the China deal." The U.S. and China are expected to formalize and sign Phase One of the agreement when both leaders meet in mid-November at the Asia-Pacific Economic Cooperation summit in Chile. Traders will shift their attention to the Fed tomorrow (Wednesday) when they meet again to decide if they'll cut interest rates for the 3rd time this year. Odds are now at more than 95% that they'll cut rates by another quarter point. In the meantime, earnings continue to impress. And I'm expecting more gains in the market. See you tomorrow, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor Today, See Zacks' Top Stocks for Free Starting now, you can get instant access to the latest picks from our hottest market-beating strategies. From 2017 through Q3 2019 they gained +51.8%, +57.5%, +96.9%, +119.0%M and even +158.9%. Zacks will also give you a free Special Report, Top 10 Stock Screening Strategies with formulas you can use to find high-potential gainers anytime you please. See Stocks Free >> Most Popular Articles from Zacks.com 5 High-Flying Business Service Stocks Set to Beat Q3 Earnings The sector has benefited from higher demand for expertise to improve operational efficiency and reduce costs. Read More » 5 Stocks to Make the Most of the Cloud Computing Boom Cloud computing has been gaining ground rapidly of late on features that reduce cost and make optimum utilization of resources. Read More » Blue-Chip Tech Stocks for Investors to Buy Amid Q3 2019 Earnings Season All three of these tech companies are widely different and posted similarly varying quarterly financials. Read More » What Was Behind Tesla's Blowout Quarter? Delivering on big promises means that the company is finally finding its groove. Read More » Safeguard Your Portfolio by Dumping These 4 Toxic Stocks Investors are likely to benefit from precise identification of toxic stocks with the help of this investing strategy. Read More » Sponsor What's Today's Top Rated Mutual Fund? Use the Zacks Mutual Fund Rank, a quantitative ratings system designed to help you find the best funds to beat the market. See which ones to buy, which to sell and track your favorite mutual fund family. Get started now>> Bull of the Day: Deckers (DECK) The maker of UGGs is firing on all cylinders. Read More » New Zacks Strong Buys for October 29th Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More » Customize Your Profit from the Pros Delivery   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. 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