Stocks Soar On Trade Optimism And Earnings

Plus New Zacks Strong Buys for Wednesday, October 16 Profit from the Pros Stocks Soar On Trade Optimism And Earnings Stocks soared yesterday on last week's trade deal, future trade talks, and the start of earnings season. Last week's phase 1 trade agreement with China continued to buoy the market. The U.S. agricultural sector will be one of the big beneficiaries as China has vowed to step up grain and livestock purchases. China, however, is vying for a reduction in previously imposed tariffs, in addition to the October 15th tariffs that were just abrogated. While many of the more difficult issues were left for future negotiations, the cooperation shown by both countries was cheered by the markets as it's clear that real progress was indeed made last week. Both parties still need to finalize the documentation of the agreement, but that is expected to come before the next round of tariffs is set to take effect on December 15th. And assuming it does, it's likely those tariffs will be canceled as well. In other news, earnings season got off to a solid start with plenty of big names in the financial industry beating expectations. JP Morgan and insurance giant UnitedHealth were two standout performers yesterday. We'll get another 199 companies reporting earnings by week's end, then another 801 next week. Given that stocks typically go up during earnings season, coupled with some good news to celebrate on the trade front, it looks like stocks are poised for an upside breakout. And since the S&P is just about 1% away from their all-time highs, it won't take much to do so. As we've been saying, these are historic times for the economy, and historic times for the market. So make sure you're talking full advantage of it. See you tomorrow, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [27 Crumbling Stocks You Must Sell Today]( These massive companies are ticking time bombs in your portfolio. And even though many investors own one or more of these stocks... you need to sell them all immediately. Discover the names and ticker symbols of all 27 of these crumbling giants today. Don't wait until it's too late. [Click here now to secure your portfolio today.]( Most Popular Articles from Zacks.com [4 Retailers Set to Stand Tall This Earnings Season]( Players in the sector are gaining strength from efforts to grab a bigger share on attributes such as price, products and speed to market. [Read More »]( [5 Value Stocks With Alluring EV/EBITDA Ratios to Own Now]( This somewhat complicated metric does a better job at assessing a firm's value. [Read More »]( [Fintech Stocks For Your Portfolio Of The Future]( Our financial system is evolving at an accelerating rate, with technology being at the foreground of its progression. [Read More »]( [Prospects Look Healthy for Communication Components Industry]( The industry appears poised to benefit from healthy growth dynamics, favorable industry drivers and solid demand trends. [Read More »]( [Bet on Top-Notch Sector ETFs & Stocks to Sparkle Q4]( Now is a good time to invest in the sectors that house top Zacks Ranked industries. [Read More »]( Sponsor [Advance Notice of Positive Earnings Surprises]( [earnings estimate revisions development timeline] Zacks' research breakthrough now predicts with 79.74% precision which companies will beat earnings expectations before their reports are released. So you could beat Wall Street to the punch by getting into stocks before positive surprises potentially drive up their prices. This leads to many double-digit gains in a matter of days. Which stocks is it picking now? You can find out until Sunday, October 20. [See Surprise Stocks Today >>]( [Bull of the Day: Guess? (GES)]( Positive revision for the year are helping to boost this retail stock. [Read More »]( [New Zacks Strong Buys for October 16th]( 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 June 3, 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