Stocks Up As Infrastructure And Tax Plan Announced

Plus 5 New Strong Buys to Boost Your Portfolio Stocks Up As Infrastructure And Tax Plan Announced [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Stocks Up As Infrastructure And Tax Plan Announced [Stocks Up As Infrastructure And Tax Plan Announced]Image: Bigstock Stocks closed mostly higher yesterday with the S&P making a new intraday high. The administration announced their $2.25 trillion infrastructure package yesterday, along with the tax hikes to pay for it. The spending will undoubtedly provide an additional boost to the economy, while the tax hikes on corporations will present a drag. None of this is set in stone yet. And the final package could look much different. That's true for the spending portion and the taxing portion. It appears that part 2 of the plan, which could add an additional $1 trillion to the price tag, and come with a whole new set of tax proposals, this time on individuals, won't be unveiled until sometime in April. In the meantime, the market has at least some semblance of what's to come. In other news, yesterday's MBA Mortgage Applications were off by -2.2%, with both refi's and purchases ticking lower. The Chicago Purchasing Manager Index rose to 66.3, beating last month's 59.5 and views for 60.3. The State Street Investor Confidence Index rose as well, going from 91.9 to 93.9. The European component gained 12.6 points at 90.7; North America gained 1.1 points at 94.4; although Asia declined by -4.9 points to 93.2. And the ADP Employment Report showed private payrolls increasing by 517,000 new jobs vs. the 500K that was estimated. This comes ahead of Friday's official Employment Situation report which has the consensus at 625K (538K for the private sector and 87K for the public), while the unemployment rate is expected to tick down from 6.2% to 6.0%. But before that happens, we'll get another look at jobs with today's Weekly Jobless Claims, and the Challenger Job-Cut Report. We'll also get readings on manufacturing with the PMI Manufacturing report, and the ISM Manufacturing Index, along with readings on construction with the Construction Spending report. The economy continues to recover, with big growth forecasts ahead. And that suggests big market moves ahead as well. But the next leg up is likely to look a lot different than the moves that preceded it. Very soon we'll see unprecedented pent-up economic demand meet an unprecedented amount of stimulus money. And certain industries are poised to benefit more than others. But we're also going to see one of the biggest tax hikes in decades. And that too will impact some companies differently than others. We're already seeing the rotation begin because of it. And it looks like even more is on its way. So don't get left behind. To learn how to position yourself to take full advantage of it, be sure to read our latest commentary... [A Big Change Is Coming For The Markets And How To Get Ready]( Best, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [The Dark Side Of The Electric Vehicle Boom]( [charging station]( There's not enough of this valuable resource to meet demand. But this company might change that... [Get The Inside Scoop Now]( Most Popular Articles from Zacks.com [Read this article]( Image: Bigstock [U.S. Battery Storage Market Set to Boom: Stocks to Gain]( Demand for large-scale storage remains the need of the hour, as the entire U.S. economy is shifting toward a renewable-fueled society. [Read More »]( [Read this article]( Image: Bigstock [U.S. Consumer Optimism Jumps in March Amid Recovery: 5 Picks]( We have narrowed down our search to five sector stocks that have surged more than 20% year to date and still have strong upside potential for 2021. [Read More »]( [Read this article]( Image: Bigstock [5 IoT Stocks to Boost Portfolio on 5G Boom-Led Demand Uptick]( These stocks are well-positioned to make the most of the IoT wave amid solid growth in 5G infrastructure spending and proliferation. [Read More »]( [Read this article]( Image: Bigstock [The Return of Strong Earnings Growth]( Total 2021 Q1 earnings are currently expected to be up +19.9% from the same period last year on +5.6% higher revenues. [Read More »]( [Read this article]( Image: Bigstock [Best & Worst Performing ETFs of First Quarter]( We have highlighted the best and worst-performing zones of first-quarter 2021 and their ETFs. [Read More »]( Sponsor [Alert: Buy These Ultimate Four Stocks Now]( There's still time to get in early. These aren't just 4 promising stocks. They were handpicked from hundreds of strong companies by Zacks' experts because they present the greatest upside for Q2: Stock #1: Specializing in personal finance and consumer service brands, this Midwest-based company recently saw very strong earnings in Q4 with nearly $1B more in revenue than expected. Stock #2: This leading international manufacturer of semiconductors, flat panel LCDs, and solar cells reported exceptional first-quarter fiscal 2021 results in addition to a robust outlook for the rest of the year. Stock #3: With five powerful segments, this stock is showing major earnings strength compared to the rest of the industry. The stock has more than doubled since October. Stock #4: Combining innovative, groundbreaking technology with decades of experience, this large-cap pharmaceutical company boasts consecutive earnings growth for over 36 years. Deadline to download our just-released Ultimate Four Special Report is Sunday, April 4. [See Stocks Now »]( [Read this article]( Image: Bigstock [Bull of the Day: Dow Inc (DOW)]( Increasing margins and improving demand leave upside for this stock. [Read More »]( [Read this article]( [New Zacks Strong Buys for April 1st]( Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. [Read More »]( 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 March 1, 2021. 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