Stocks Poised For Another Weekly Gain

Profit from the Pros Stocks Poised For Another Weekly Gain Stocks were up yesterday with the tech-heavy Nasdaq leading the way with a gain of 1.39% and making a new all-time high in the process. Traders shrugged off tariff concerns and replaced them with a focus on the strength of the economy and optimism for Q2's earnings season. This spurred on yesterday's advance and kept the momentum for the week pointing up. Underscoring the economy was Thursday's better than expected Weekly Jobless Claims which fell -18,000 to 214,000 vs. views for 225K. The Consumer Price Index came in as expected with a 0.2% m/m change (less food & energy) and a slightly higher than expected 2.3% y/y change. Analysts called the report 'subdued' yet still 'inching higher', which is actually a perfect place to be. We are seeing beneficial, growth-inducing inflation, but not so much where it's a detriment or would cause the Fed to accelerate their normalization pace. Today we'll get Import and Export Prices, and Consumer Sentiment. And if all goes well, the markets are poised for another weekly gain. Best, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Free Book: Finding #1 Stocks]( [Finding #1 Stocks Report] Today you can claim a copy of Finding #1 Stocks by Kevin Matras (a $49.95 value) free of charge. This 300-page hardbound book unfolds almost every stock-picking secret from the Zacks system that since 1988 has more than doubled the S&P 500 with an average gain of +25% per year. You can take full advantage of that system without attending a single class or seminar. Opportunity ends Tuesday, July 17. [Learn more now >>]( Most Popular Articles from Zacks.com [5 Cheap Breakout Stocks for Formidable Returns]( One of the most popular methods utilized by active investors is to select breakout stocks. [Read More »]( [7 Dirt-Cheap Stocks Likely to Beat in Q2 Earnings]( We have highlighted a few cheap stocks that have a high chance of surprising in their upcoming release with solid fundamentals. [Read More »]( [Buy These Oil Tanker Stocks to Play the Production Surge]( The transport industry is uniquely positioned to capitalize on the burgeoning oil trend. [Read More »]( [Q2 Likely to Show Strongest Earnings Since 2010: Top 6 Picks]( U.S. companies are expected to see one of the strongest quarterly earnings season in almost a decade. [Read More »]( [Can Competitors Ride High on Amazon's Prime Day Wave?]( Amazon's rivals are trying to make the most of Prime Day with a host of offers. [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: Interactive Corp (IAC)]( The owner of Match Group is building the business despite the apparent Facebook threat. [Read More »]( [New Zacks Strong Buys for July 13th]( 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) [Get it on Google Play]( [Get it on Google Play]( [Terms]( | [Privacy]( | [Unsubscribe](