Stocks Up, And Another Record High For The Dow

Profit from the Pros Stocks Up, And Another Record High For The Dow Stocks were up yesterday, with the Dow Jones setting another new all-time high. The strength of the economy continues to support the market. And with Q3 earnings season right around the corner, coupled with the seasonal strength of the fourth quarter, stocks look poised for a strong finish to the year. The strong economy was further underscored by yesterday's PMI Services Index report which came in better than expected at 53.5 vs. views for 52.9. The ISM Non-Manufacturing Index also came in better than expected at 61.6 vs. estimates for 58.0. Analysts pointed to 'record high employment and a 14-year high in business activity' for the stellar gains. Speaking of employment, yesterday's ADP Employment Report is estimating that private payrolls increased by another 230,000 jobs in September, which is well above the consensus for 'just' 179,000. But on Friday, we'll get the official employment numbers when the Employment Situation Report comes out. At the moment, estimates are looking for 195,000 new jobs being created in September (175,000 for the private sector and 20,000 for the public). But if the ADP numbers are correct, we could see a much higher reading than expected. And that will give stocks even more reason to keep on moving higher. By the way, in spite of stocks in record territory, I think valuations look great. Especially when compared to future earnings growth. But I know some people get spooked when they see a high stock price. Of course, the price of a stock tells you nothing about its valuation. For example a $100 stock can be considered a major bargain whereas a $10 stock can be considered overvalued. And vice versa. But there's no denying the attraction of lower priced stocks. Especially when you find those overlooked gems right before they break out. I love finding those low priced picks just as much as the next guy. But there are a few things you need to watch out for. So be sure to read our latest commentary... [Myths and Misgivings about Low Priced Stocks]( Best, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Low-Priced Stocks with Sky-High Potential]( Zacks is now revealing its top stock recommendations priced under $10 per share. Each is a high-quality company with prospects for gains of 2X and even more. Recently, our recommendations have generated returns as high as +129.6%, +129.9%, even +193.8%. Strong earnings growth plus other Zacks' indicators mark our rare Under $10s for sustained growth. Look into them today, and then ride the potential profits high and long. [See Top Stocks Under $10 Now >>]( Most Popular Articles from Zacks.com [7 Low Price-to-Sales Stocks to Scoop Up for Valuable Returns]( The ratio is a convenient tool to determine the value of stocks incurring losses or are in an early cycle of development generating meager or no profits. [Read More »]( [4 Best Warren Buffett Stocks to Buy for Q4]( Take a look at the Oracle of Omaha's favored companies likely to make the most of the fourth quarter. [Read More »]( [How to Play Dow Jones' Surge With ETFs]( We have highlighted some ETFs which are compelling choices for investors seeking to ride the bull run in the Dow. [Read More »]( [How to Invest in the Hot Medical Device Innovators]( Forget the biotechs. Medical device companies are innovating in amazing ways. Here's how to invest. [Read More »]( [USMCA (aka NAFTA 2.0): Here Are the Winners & Losers]( The new agreement promises to lead "to freer, fairer markets, and to robust economic growth" in the three-country region. [Read More »]( Sponsor [What's Today's Top Rated Mutual Fund?]( Use the Zacks Mutual Fund Rank, a quantitative ratings system designed to help you find the best funds to beat the market. See which ones to buy, which to sell and track your favorite mutual fund family. [Get started now>>]( [Bull of the Day: Champions Oncology (CSBR)]( When was the last time you found a small biotech that promised 20% revenue growth and profitability? Well this one does! [Read More »]( [New Zacks Strong Buys for October 4th]( 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](