| Stocks Soar For Second Day In A Row, Relief That Election Nearly Over, Optimism That Stimulus Could Be Nearby  Image: Bigstock Stocks soared again yesterday with all of the major indexes closing up about 1.75% or more.
While there's no official winner of the Presidential election just yet, there's a sense of relief that this election cycle is nearing the end.
There's also a rising sense of optimism that, whoever wins the election, a long-awaited stimulus package will be coming soon. And that's great news for the economy and the markets.
Even though everybody was consumed with election related news yesterday, we also got some excellent economic numbers that further underscored how robust the economic recovery has been, and why stocks should keep going up.
That was seen with yesterday's Redbook report which showed same store retail sales up 3.2% y/y vs. last month's snapshot which showed a 1.2% y/y gain.
Factory Orders were also up 1.1% vs. last month's 0.6% and views for 0.9%.
Today we'll get MBA Mortgage Applications, the PMI Composite report, the ISM Services Index, and the ADP Employment report.
And, of course, more earnings with another 453 companies reporting today, and 1,391 throughout the rest of the week.
In the meantime, the economy continues to improve.
And as long as it does, that should be good news for the market.
See you tomorrow, 
Kevin Matras Executive Vice President, Zacks Investment Research | Most Popular Articles from Zacks.com | 
Image: Bigstock | Normally when a broker upgrades a stock, one can rely on their judgment. Read More » | | 
Image: Bigstock | The global semiconductor industry has been relatively less battered compared to other sectors by the coronavirus pandemic. Read More » | | 
Image: Bigstock | Increased demand for scalable infrastructure to meet the higher network requirements for seamless 5G connectivity should buoy the industry. Read More » | | 
Image: Bigstock | Investors with a longer-term horizon might want to consider buying tech stocks that look poised to grow during the coronavirus economy and beyond. Read More » | | 
| These are the stocks everyone will be watching this week as over 1500 companies report earnings. Read More » | | Sponsor Breakthrough Tech Poised to Generate $12.3 Trillion
Imagine buying Microsoft stock back when people first started using PCs to access the internet. Or Amazon in the early days when it built the foundation of 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 3 stocks could skyrocket as leaders in this space. The potential profits for early investors are staggering.
See the 3 breakthrough stocks now>> |
| 
Image: Bigstock | Restoring cartilage in sports medicine and rebuilding skin after severe burns gives this small-cap big upside. Read More » | | 
| 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. | | |
没有评论:
发表评论