Stocks End Lower, Earnings And Jobs In Focus This Week

Plus 5 New Strong Buys for Today Stocks End Lower, Earnings And Jobs In Focus This Week [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Stocks End Lower, Earnings And Jobs In Focus This Week [Stocks End Lower, Earnings And Jobs In Focus This Week]Image: Bigstock Stocks closed mostly lower on Monday, giving up their intraday gains. But after a spectacular first 7 months of the year, a little bit of profit taking is to be expected. The growth outlook continues to impress with full-year GDP expected to come in at the fastest pace in 37 years. But admittedly, last week's weaker than expected Q2 GDP, which came in at 6.5% rather than the expected 8.0%, was a bit disappointing. But as I mentioned previously, much of that can be attributed to temporary supply chain disruptions and worker shortages. But with extended unemployment benefits scheduled to end in September, and with many of those who were incentivized to stay home now being 'forced' to return to work, that will begin to bring relief to both supply shortages and worker shortages, while simultaneously easing inflation concerns as well. Earnings season continues. We have another 1,757 companies reporting between today and the rest of the week. And then another 1,322 on deck for next week. Traders will also be watching Friday's Employment Situation report for another read on the economy. In the meantime, both the economy and the market have had a great first 7 months of the year. And they both look poised for even more upside to come. See you tomorrow, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [3 Stocks to Own for the $12 Trillion 5G Boom]( After years of development, 5G infrastructure is finally getting rolled out across the United States. 2021 could be the last year for investors to get in early on stocks powering this $12 trillion revolution. Eric Fry just named 3 stocks for investors to own for the coming 5G boom in a new free report. [Click here to claim your free copy.]( Most Popular Articles from Zacks.com [Read this article]( Image: Bigstock [4 Must-Buy Energy Stocks Set to Beat on Q2 Earnings This Week]( Each of these stocks carries a Zacks Rank# 1 (Strong Buy) and has a positive Earnings ESP. [Read More »]( [Read this article]( Image: Bigstock [4 Electronics Stocks to Escape Pandemic-Led Disruptions]( These industry players are set to gain from IoT and automation prospects. 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