Another Day, Another Record For The Market

Profit from the Pros Another Day, Another Record For The Market After a bit of volatility yesterday, which saw the markets trade on both sides of unchanged, they finished the day mostly higher with the Dow and the S&P closing at new all-time highs. Earnings continue to dominate trading. And earnings season has so far been fantastic. We dodged a bullet earlier this week when the government shutdown ended after only a few days. Another showdown is looming on Feb. 8th. No need to get overly concerned. And I doubt either side of the aisle would want to push for another shutdown. Nonetheless, it's an important date to mark on your calendar. The market will also be transfixed on what President Trump will say when he gives his speech in Davos today. In other news, Weekly Jobless Claims rose by 17,000 to 233,000. But that beat expectations which were calling for 240K. New Home Sales came in lighter than expected at 625,000 units (annualized) vs. the previous month's whopping 689K and views for 680K. But analysts were quick to point out that December's 625K number was the fourth best reading of this bull market expansion, and that November's was the best since this expansion began. The Kansas City Fed Manufacturing Index topped expectations with a print of 16 vs. views for 14. And Leading Indicators rose more than expected, gaining 0.6% vs. the previous month's 0.5% and views for the same. All in all, just more confirmation of a strong economy, further underscoring this historic bull market. Best, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Next Week's Earnings Surprises]( [Portfolio Performance Chart] This coming Monday through Friday, 420 companies will report earnings. What if you could know - in advance - a handful of the very best stocks that will beat earnings expectations? Since 2014, a Zacks' research breakthrough has predicted positive earnings surprises with unprecedented 81.9% accuracy. This can lead to double-digit gains in as little as 2 days. Alert: Your chance to access our latest picks ends midnight Sunday, January 28. [See Surprise Stocks Now >>]( Most Popular Articles from Zacks.com [5 Broker-Friendly Stocks Stealing the Spotlight]( Brokers have at their disposal a lot more information on a company and its prospects than individual investors. [Read More »]( [Illinois Tool Works (ITW) and Target (TGT): Growth and Income Stocks]( We discuss ITW's recently reported earnings, and Target's preannouncement of upcoming earnings data. [Read More »]( [Buy These 4 Great Chip Stocks to Benefit From a Weaker Dollar]( Adding select chip stocks to your portfolios continues to make for a profitable option. However, picking winning stocks may be difficult. [Read More »]( [U.S. Oil Storms Past $65 as Inventories Slide for 10th Week]( The U.S. Energy Department's inventory release showed that crude stockpiles recorded another weekly draw to the lowest level since 2015. [Read More »]( [5 Amazing Housing Stocks to Buy Ahead of Q4 Earnings]( Homebuilding optimism hit a record level on the tax cuts announcement. [Read More »]( Sponsor [Increase Investment Returns with Free Zacks' Portfolio Tracker]( Follow your investments easily in one place. Get free email updates that alert you to major events affecting your stocks and funds, including timely recommendation changes, earnings announcements and, most importantly, earnings estimate revisions. [Click to Learn More>>]( [Bull of the Day: Lam Research (LRCX)]( Another great quarter and raised guidance saw analysts boost their outlooks and average price target toward $250. [Read More »]( [New Zacks Strong Buys for January 26th]( Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. [Read More »]( [Customize Your Profit from the Pros Delivery]( Connect with Us: [Facebook]( [Twitter]( [StockTwits]( Contact Info: Phone: 1.800.767.3771 ext. 9339 Email: [support@zacks.com](emailto:support@zacks.com) [Terms]( | [Privacy]( | [Unsubscribe](