Stocks Poised For Weekly Gains, Nasdaq On Pace For 5th Week In A Row

Plus New Zacks Strong Buys for Friday, April 26 Profit from the Pros Stocks Poised For Weekly Gains, Nasdaq On Pace For 5th Week In A Row Stocks ended mixed yesterday in uneven trade. The Dow was down the most thanks to a big miss from 3M. The S&P was up for much of the day but ticked lower by day's end. And the Nasdaq closed higher thanks to tech. But again, the markets look great and continue to trade in or near record territory. A strong earnings season, even though we're only a couple weeks in, has helped catapult stocks to their record levels. And as earnings season continues, it looks like there's a lot more upside to go. In other news, Durable Goods Orders jumped 2.7% vs. last month's upwardly revised -1.1% and views for 0.7%. Although, ex-transportation (there was a big gain in aircraft and motor vehicle orders), it came in at a more modest 0.4%. But that's still twice their estimate of 0.2%. Core capital goods though was up 1.3% vs. expectations for 0.1%. And no asterisk needed with this one. This was driven by a solid pickup in business investment. Today, we'll get our first look at Q1 '19 GDP. The consensus is looking for 2.3%. That would put it 1 tenth ahead of Q4. And we'll also get Consumer Sentiment. The estimates are calling for 97.1 vs. last month's 96.9. Sentiment continues to hover in these lofty levels. And while the index hasn't been above 100 since mid-2018, it remains within striking distance. And we could see that in one good report. Once again, stocks are in the midst of an historic bull market, propelled by an historic economy, record corporate profits, and the best jobs market ever. This is history in the making. So make sure you're taking full advantage of it. Best, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Stocks Under $10 to Buy Today]( Zacks is now revealing its most compelling picks priced under $10 per share (but perhaps not for long). These high-quality companies have prospects for gains of up to 2X and more. Recently, our recommendations have closed returns as high as +129.9%. These stocks offer the best of both worlds: immediate growth potential AND the strong likelihood of long-term profitability. Special opportunity ends midnight Sunday, April 28. [See Stocks Now >>]( Most Popular Articles from Zacks.com [3 "Internet of Things" Stocks to Buy Right Now]( We highlight three stocks which have been flagged by the Zacks Rank that could be poised for further IoT growth soon. [Read More »]( [MSFT, FB Shine: 5 Other Tech Stocks to Buy Before Earnings]( Strong earnings from these two tech behemoths serve to the underline the success of the sector this year. [Read More »]( [New Home Sales Surge to 16-Month High in March: 5 Top Picks]( Sales of new homes in the United States jumped to a 16-month high in March, marking the third straight monthly increase. 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