Stocks End Mixed, But Remain In Record Territory

Plus New Zacks Strong Buys for Wednesday, November 6

Profit from the Pros

Stocks End Mixed, But Remain In Record Territory Stocks closed narrowly mixed yesterday, but remain in record territory. The strong economy and better than expected earnings continue to buoy this market. Same goes for the upcoming signing of the U.S.-China trade agreement in mid-November. That was given another boost yesterday after it was reported that both countries were looking to remove tariffs as part of the phase 1 deal. In other news, yesterday's Redbook report showed same store retail sales growing at a y/y pace of 5.5%, nicely above last month's pace of 'just' 4.5%. The PMI Services Index slowed a bit from 50.9 to 50.6. Although, year-ahead expectations improved. The ISM Non-Manufacturing Index increased from 52.6 to 54.7. Analysts noted that 'business activity and employment contributed to the gain', along with growth in new orders. Later today we'll get another look at the housing market with MBA Mortgage Applications. Tomorrow we'll get another look at the labor market with Weekly Jobless Claims. And on Friday we'll get another look at the consumer with Consumer Sentiment. In the meantime, the market is in great shape. We could see a little bit of back and forth given the market's recent gains. But we could just as easily continue to push higher as we have over the last 4 weeks in a row. Either way, I'd be a buyer on weakness, and I'd be a buyer on strength, because it looks like there's a lot more upside to go. See you tomorrow, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor The Top 5G Stocks to Buy Now FREE Report: This new tech will be more impactful than the steam engine, electricity and the internet. Click here to get the names of the stocks that are URGENT buys. Most Popular Articles from Zacks.com Trade Optimism Powers Wall Street to Record High: 5 Winners Astute investors should cash in on this bullish trend by investing in stocks that have immense growth potential. Read More » 5 Must-Buy Stocks Ahead of Q3 Earnings This Week Each of these stocks carries a Zacks Rank #1 (Strong Buy) or #2 (Buy) and has a positive Earnings ESP. Read More » 4 Highly-Ranked Cheap Stocks Trading Under $10 to Buy Right Now Right now is a solid time to search for lower-priced stocks to add for your investment portfolio. Read More » Bright Near-Term Outlook for Pollution Control Industry We highlight a few stocks that have the potential to outperform the industry based on strong earnings growth prospects. Read More » When Will Uber Ever Make Money? Another disappointing quarter and impending lockup expiration send shares to new lows. Read More » Sponsor Breakthrough Tech Poised to Generate $12.3 Trillion Imagine buying Microsoft stock back when people were just starting using PCs to access the internet. Or Amazon in the early days when it was building the foundation to become the retail juggernaut it is today. Those investments in world-changing companies could have been life-changing for you. Today, we're looking at a new technology that could transform the world as much as the invention of the internet. Our research shows that 8 stocks could skyrocket as leaders in this space. The potential profits for early investors are staggering. See the 8 breakthrough stocks now>> Bull of the Day: Grupo Financiero Galicia (GGAL) How low can a stock go before earnings take over? Read More » New Zacks Strong Buys for November 6th 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. 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 3, 2019. 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