Stocks Add To Their Gains, Friday's Jobs Numbers And Monday's Tariff Deadline In Focus

Plus New Zacks Strong Buys for Thursday, June 6 Profit from the Pros Stocks Add To Their Gains, Friday's Jobs Numbers And Monday's Tariff Deadline In Focus Stocks closed solidly higher yesterday, adding to their gains from Tuesday. Traders continued to cheer Federal Reserve Chairman, Jerome Powell's comments on Tuesday that they were ready to cut rates if trade and tariff disputes posed a drag on the economy. Of course, traders are hoping that's not going to be needed. And it won't be if the U.S. and China can strike a trade deal. Same goes for an immigration agreement between the U.S. and Mexico. Although, the clock is ticking fast on the latter. The President has said he will levy a 5% tariff on all goods coming from Mexico if there's no deal. And it will escalate another 5% for each month after that (up to 25%) until a deal is made. The deadline is Monday. And as of yet, there's still no deal. Nobody is overly concerned about 5%. But the quick acceleration to 10%, 15%, etc., will have an impact. In the meantime, the market is hoping to hear some good news beforehand to avoid those tariffs. In other news, yesterday's ADP Employment Report surprised market watchers with a sharply lower reading of 27,000 new private sector jobs being created last month vs. the 175,000 that was expected. Interestingly enough, the markets didn't skip a beat and finished near their highs of the day. I'm assuming the previous comments on interest rates soothed any concerns of a slowdown. But I'm also guessing that since the ADP Report has been relatively poor at predicting what the Employment Report by the Bureau of Labor Statistics will say (on Friday), nobody got overly worked up. If the BLS report on Friday can best ADP's paltry 27K, and better yet, meet or beat the consensus for 180K, stocks should soar. But whether the next big leg up begins on Friday, or later in the month, or sometime after that, I'm convinced there's a lot more upside to go. I'm still expecting a 30% gain for the S&P this year. And based on yesterday's close, that means another +15% to go. And if you're in the right stocks, that could mean gains of 25%, 50%, or even 100% or more. So make sure you're taking full advantage of this historic bull market. For tips on how to play the next big stock surge, be sure to read our latest commentary... [How to Play the Next Big Stock Surge]( Best, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Is the Market Rigged?]( How often have you owned a stock that gets pummeled with no logical explanation? This is often caused by computer-driven High-Frequency Traders (HFTs). They fire off massive amounts of short trades to drive stock prices down, then profit from the rebound. Their gains come at the expense of human investors. The good news is that Zacks has mounted a Counterstrike to catch the best of these "manipulated price drops" as they rebound. For example, we recently closed gains of +28.7%, +29.3%, +58.1%, and even one for +14.2% in just 2 days. Access to these trades must be limited. It closes to new investors Sunday, June 9. [See Counterstrike Stocks Now >>]( Most Popular Articles from Zacks.com [Wall Street Sees Second Best Day of the Year: 5 Winners]( Thanks to Tuesday's remarkable gains, all the three major indexes posted their second-best performance of the year since January. [Read More »]( [5 Stocks Likely to Fly High on Powell's Rate Cut Hint]( We have narrowed our search to these five stocks with a Growth Score of A and Zacks Rank #1 (Strong Buy). [Read More »]( [Chemical Industry Off to a Good Start in Q2, April Output Up]( The industry is expected to run higher this year due to strength across major end-use markets, higher industrial activities and gains in business investment. [Read More »]( [Top Tips for Long-Term Stock Investors]( The stock market is volatile again. Here's how to make it through the ups and downs. [Read More »]( [6 ETFs for June]( We highlight a few ETF options which should come across as solid bets for the month. [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: The Geo Group (GEO)]( Sell-side analysts have been significantly adjusting their EPS estimates to the upside, propelling GEO into a Zacks Rank #1 (Strong Buy). [Read More »]( [New Zacks Strong Buys for June 6th]( Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. [Read More »]( [Customize Your Profit from the Pros Delivery]( Download our app for convenient on-the-go access to even more—daily and weekly newsletters published by Zacks experts, proprietary research and tools, and Portfolio Tracker on Zacks.com. [Download our Zacks App for Apple iOS]( [Download our Zacks App for Android]( Visit [Success Stories]( to hear how Zacks research, tools and portfolios help our members outperform the market. Get all of our market insights and much more when you connect with us. [Visit Zacks on Facebook]( [Follow Zacks on Twitter]( [See Zacks videos on YouTube]( [Join Zacks on LinkedIn]( [Read Zacks Commentary on StockTwits]( This free resource is being sent by [Zacks.com](. We look for investment resources and inform you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. [www.zacks.com/disclaimer](. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research is not a licensed securities dealer, broker or US investment adviser or investment bank. The Zacks #1 Rank Performance covers the period beginning on January 1, 1988 through January 7, 2019. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank #1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit [( for information about the performance numbers displayed above. Zacks Emails If you would prefer to not receive future profit-producing emails from [Zacks.com]( the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please [click here]( and confirm your request. If you have trouble with the unsubscribe link, please email support@zacks.com. Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606