All Eyes On Today's Employment Report

Profit from the Pros All Eyes On Today's Employment Report Stocks were mostly higher yesterday with the tech-heavy Nasdaq leading the way on Apple's push to new highs. Apple hit a milestone of being the first US company to reach $1 trillion in market-cap. Congrats! There's still unease over the increasing trade tensions between the US and China. But the US markets have fared just fine with the major indexes up since the tough trade talk began in late February, while China's markets have plummeted. Nonetheless, traders will feel much better once these trade tensions subside. In other news, Factory Orders rose 0.7% vs. last month's 0.4%. As has been the trend, total unfilled orders and shipments were strong. And yesterday's Weekly Jobless Claims came in as expected at 218,000, while the 4-week moving average shed -3,500 new claims at 214.5K. Analysts noted that it was one of the lowest (best) showings in 50 years. This bodes well going into this morning's Employment Situation Report. Expectations are for 215,000 new jobs being created last month (204K from the private sector and 11K from the public). Average hourly earnings are expected to remain at a 2.7% y/y change. And the unemployment rate is expected to edge lower to 3.9%. The US jobs market has been on fire. And another good report will just further that narrative and underscore stocks for their next leg higher. So many things going great for stocks right now. There are definitely some challenges. (Aren't there always?) But the current economic environment is one of the best I've ever seen. Truly historic times. And I'm expecting these historic times to continue ushering in historic returns for the market. So make sure you're taking full advantage of it. Best, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Alert: Don't Miss the $42 Billion Opportunity]( Time's almost up to access Zacks' Special Report on one of the most profitable technology topics. Demand for this emerging tech is predicted to explode from practically zero to $42 billion by 2025. And it's already transforming an industry that touches billions of lives around the world. Experts compare the opportunity to buying Apple and Google in 2007. But you only have until midnight Sunday, August 5 to download this urgent report and see 5 stocks with soaring profit potential. [See these breakthrough stocks now >>]( Most Popular Articles from Zacks.com [Sonos IPO Gets Priced Lower Than Expected, Does that Make it a Buy?]( The maker of advanced music speakers gets priced under expectations, and rallies on its first day. [Read More »]( [After 42 Years, Apple Reaches the $1 Trillion Market Cap Milestone]( Investors have pondered for years what the first trillion dollar company in the US would be. [Read More »]( [Caterpillar (CAT) Stock Is a Strong Buy Despite Tariff Concerns]( The heavy equipment manufacturer posted quarterly revenues of $14 billion, which marked a 24% climb from the year-ago period and topped the $13.7 billion Zacks Consensus Estimate. [Read More »]( [Tariff Woes Haunt Wall Street: Take Refuge in These 5 Stocks]( Companies involved in artificial intelligence, e-commerce, biotechnology and gaming businesses are immune to trade conflicts. [Read More »]( [Auto Stock Roundup: Ford, Tesla Earnings Miss, Honda Motor Revenues Up]( A robust job market and favorable tax measures have driven the consumer demand, which, in turn, is aiding auto sales. [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: Cypress Semiconductor (CY)]( This IoT expert looks attractive right now. [Read More »]( [New Zacks Strong Buys for August 3rd]( 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](