Plus 5 New Strong Buys for Today Stocks End Mixed As Market Hits Pause
[Kevin Matras - EVP - Photo]
Profit from the Pros By Kevin Matras
Executive Vice President Stocks End Mixed As Market Hits Pause [Stocks End Mixed As Market Hits Pause]Image: Bigstock Stocks finished mixed yesterday with the Dow off modestly, while the S&P and Nasdaq were up modestly. But all three of those indexes were up solidly from their worst levels of the day. News on Wednesday that the Fed was considering tapering by the end of the year weighed on stocks then and yesterday morning. But the markets were able to shrug that off by the end of the day. The taper talk was not really much of a surprise since the Fed had been hinting at that for months. Some have begun pointing to some lighter than expected numbers in some economic reports too. To be sure, some numbers have missed their expectations. But others have easily surpassed them. One thing traders are anxious to see get here is the end of the enhanced unemployment benefits in September. That will begin to alleviate supply chain disruptions, worker shortages, and inflation. (For employers, it can't come soon enough.) While last month's better than expected employment report showed 943K new jobs being created, those numbers are expected to soar even higher as millions more return to the workforce in the coming months. And that's great news for everybody. In other news, Weekly Jobless Claims fell more than expected with -29,000 fewer new claims at 348K. The Philadelphia Fed Manufacturing Index came in weaker than expected at 19.4 vs. last month's 21.9 and views for 25.0. But the Leading Indicators report came in stronger than expected with a m/m gain of 0.9% vs. last month's 0.5% and the consensus for 0.8%. Stocks are currently lower for the week with one trading day left. And we'd need to see a sizable gain to turn that around today. But pullbacks can also be opportunities to pick up more of your favorite stocks, or get into new ones, at even better prices. Because with strong growth forecasts for the rest of the year, it looks like there's a lot more upside to go. So make sure you're taking full advantage of it. Best, [Kevin Matras - Signature] Kevin Matras
Executive Vice President, Zacks Investment Research Sponsor [Time's almost up! Get your FREE copy of Finding #1 Stocks - A $49.95 Value]( The Executive Vice President of Zacks Investment Research, Kevin Matras, is very optimistic about our country's financial future. As the economy continues to grow stronger, he expects stocks to soar far higher right through the market blips and dips. But whatâs the key to being successful? Knowing the right strategies and where to find stocks that will lead the market. For a limited time, Kevin is offering his hardcover book, Finding #1 Stocks, absolutely free. In the book, he shares exclusive secrets to picking stocks, including the exact formulas of strategies that produced gains of 130.5%, +381.1%, and even +580.6% from 2016 through 2020. This brief opportunity will end at midnight Saturday, August 21 or when inventory is depleted. Don't miss your chance to get an edge in the game. [Get your free book now »]( Most Popular Articles from Zacks.com [Read this article]( Image: Bigstock [Restaurant Sales Jump YoY in July: 5 Solid Stocks to Buy]( U.S. restaurant sales are fast bouncing back to normal after declining 19.2% in 2020. [Read More »]( [Read this article]( Image: Shutterstock [4 Water Utility Stocks to Watch in a Flourishing Industry]( These companies are poised to benefit from the increasing demand for water and wastewater services across the U.S. [Read More »]( [Read this article]( Image: Bigstock [4 Farm Equipment Stocks to Watch in a Promising Industry]( This industry's earnings estimates for the current year have been revised upward by 41%. [Read More »]( [Read this article]( Image: Bigstock [3 Insurance Stocks That Hit 52-Week High and Are Still a Buy]( Now with businesses running on full steam and people venturing out, demand for commercial, auto and other kinds of insurance has shot up. [Read More »]( [Read this article]( Image: Shutterstock [Value Investing Basics from Ben Graham]( Who is Ben Graham and why should value investors care? [Read More »]( Sponsor [Increase Investment Returns with Free Zacks' Portfolio Tracker]( Catch breaking news on your stocks and funds at a glance, including timely recommendation changes ⦠Zacks Ranks ⦠Industry Ranks ⦠earnings announcements ⦠earnings estimate revisions ⦠and more. And now you can screen for new stocks to improve portfolio performance. [Click for Free Tracker & Screener »]( [Read this article]( Image: Bigstock [Bull of the Day: Shopify Inc. (SHOP)]( SHOP posted another strong quarter at the end of July and its outlook remains impressive. [Read More »]( [Read this article]( [New Zacks Strong Buys for August 20th]( 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](
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