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Stocks Closed Higher For The 4th Week In A Row

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Mon, Apr 19, 2021 12:21 PM

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Plus 5 New Strong Buys for Today Stocks Closed Higher For The 4th Week In A Row Image: Bigstock Stoc

Plus 5 New Strong Buys for Today Stocks Closed Higher For The 4th Week In A Row [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Stocks Closed Higher For The 4th Week In A Row [Stocks Closed Higher For The 4th Week In A Row]Image: Bigstock Stocks closed up on Friday, with the Dow, S&P, and Nasdaq making new all-time highs in the process. They also closed up for the week, making it four up weeks in a row. Strong economic data continues to impress. That was underscored with Friday's Housing Starts and Permits report. Starts came in at 1.739 million units (annualized) vs. last month's upwardly revised 1.457M and views for 1.620M. And Permits came in at 1.766 million units (annualized) vs. last month's upwardly revised 1.720M and views for 1.750M. And Consumer Sentiment rose from 84.9 to 86.5 for a 1.88% increase. A strong start to earnings season is also lifting stocks. Stocks typically go up during earnings season, so no surprise there. But this earnings season could be especially bullish. We'll get another 411 companies reporting earnings this week. And another 967 on deck for next week. We're likely to hear more talk on infrastructure this week as the size of the package, as well as the tax hikes to pay for it, gets debated. In the meantime, the economic rebound continues. And with forecasts for full-year GDP to come in at 6.5%, which would make it the fastest growth rate in 36 years, it looks like there's a lot more upside to go for both the economy and the market. So make sure you're taking full advantage of it. See you tomorrow, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Hidden $3 Stock Holds Tech World Hostage]( Tech monsters like Apple, Amazon, Microsoft and many more can no longer avoid doing business with [this one company that trades for only $3](... All of them are held hostage by the CEO's brilliant business tactics. And what's even crazier... Is that his tactics reach all the way to the public. He intentionally set up his company's stock under a [secret trade name](... Did he fool you too? [Click here to see more.]( Most Popular Articles from Zacks.com [Read this article]( Image: Bigstock [Builders Regain Confidence in April: 5 Top Housing Picks]( Low existing homes for sale and the strong underlying demand for housing raise optimism despite headwinds. [Read More »]( [Read this article]( Image: Bigstock [5 Steel Stocks to Fortify Your Portfolio Before Their Q1 Earnings]( We select five industry stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) that are worth investing in ahead of their first-quarter earnings. [Read More »]( [Read this article]( Image: Shutterstock [4 Top Stocks to Watch in a Prospering Farm Equipment Industry]( Upbeat commodity prices will improve agricultural equipment spending that will fortify the industry. [Read More »]( [Read this article]( Image: Bigstock [Retail Sales Jump to a 10-Month High: 5 Solid Stocks to Buy]( The rise in retail sales comes after consumer confidence raced to a one-year high in March. [Read More »]( [Read this article]( Image: Bigstock [April Ushers in Super Gains for S&P 500: ETFs in Focus]( The index has hit back-to-back record highs and has added about 3.82% so far this month. [Read More »]( Sponsor [Why Haven't You Looked at Zacks' Top Stocks?]( Our 5 best-performing strategies have blown away the S&P's impressive +103.9% gain from 2016 through 2020. Amazingly, they soared +381.1%, +424.1%, +429.0%, +477.8%, and even +580.0%. Today you can access their live picks without cost or obligation. [See Stocks Free »]( [Read this article]( Image: Bigstock [Bull of the Day: Penumbra (PEN)]( Until we have nano-bots to cruise our blood vessels, the catheter remains mightier than the scalpel. [Read More »]( [Read this article]( [New Zacks Strong Buys for April 19th]( 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

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