Stocks Pause After Two Days Of Big Gains

Plus 5 New Strong Buys for Today

Profit from the Pros By Kevin Matras Executive Vice President

Stocks Pause After Two Days Of Big Gains Image: Bigstock Stocks ended modestly lower yesterday after two heady days of gains. But uncertainty over a potential fifth coronavirus relief/stimulus package put stocks in check. However, the Treasury Secretary and the Speaker of the House are expected to meet later today and resume negotiations that ended last month with no deal. In other news, yesterday's Redbook report showed same store retail sales up 2.2% y/y vs. last month's rate of 1.5%. And the Case-Shiller House Price Index was up an unadjusted 0.6% m/m vs. views for 0.3%, and 3.9% y/y vs. estimates for 3.7%. Today is a big day of reports with MBA Mortgage Applications, Pending Home Sales, the third and final estimate for Q2 GDP, Corporate Profits, the Chicago PMI report, the State Street Investor Confidence Index, and the ADP Employment Report. But the report everyone is waiting for is Friday's always important Employment Situation report. In the meantime, the market will have plenty of data to act upon today. And that's on top of months of improving economic numbers, and expectations for unprecedented growth for the remainder of the year. 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 Image: Bigstock 6 Stocks Near 52-Week Highs That are Poised to Rally Further We have zeroed in on these stocks that hit their 52-week highs recently and have significant upside potential. Read More » Image: Bigstock 3 Stocks to Buy From Strong MedTech Spaces Amid the Pandemic These sector stocks have been selected based on their recent performance and long-term earnings growth projections. Read More » Image: Bigstock A Rundown on WMT, TGT & MIK Hiring Plans for the Holidays Retailers are looking to hire more full-time and seasonal warehouse staff to ensure the smooth supply of inventories to stores from distribution centers during the festive period. Read More » Image: Bigstock 3 Picks to Ride the Coronavirus-Led Strength in Lab Plastic Space Biotech companies, both small and big, working toward development and manufacturing of therapies and vaccines globally, are depending on lab plastic consumables. Read More » Image: Bigstock 5 Best Performing Leveraged ETFs of Q3 We highlight these leveraged equity ETFs from different corners of the market that piled up more than 40% in gains in the third quarter. Read More » Sponsor Just Released: Zacks' Top 4 Stocks to Skyrocket in Q4 Four experts each announce their single favorite stock with the best upside for what looks to be a record-setting Q4. One is a next gen ad platform that's encroaching on Google and Facebook, forming alliances with Disney and Amazon, and entering China with 500 million mobile phone shoppers. Today, download the private Special Report that names these stocks, and spotlights their exceptional gain potential as pent-up economic demand continues to release. See Stocks Now >> Image: Bigstock Bull of the Day: Nike (NKE) This sportswear giant impressed investors and analysts alike after blowout Q1 earnings. Read More » New Zacks Strong Buys for September 30th 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. 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