Stocks Up, Within Striking Distance Of All-Time Highs

Plus 5 New Strong Buys for Today Stocks Up, Within Striking Distance Of All-Time Highs [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Stocks Up, Within Striking Distance Of All-Time Highs [Stocks Up, Within Striking Distance Of All-Time Highs]Image: Bigstock Stocks were up again yesterday with all of the major indexes in the green. As Omicron fears fade, the bullish economy and bullish market have been the focus, and stocks have been on the rise accordingly. MBA Mortgage Applications rose 2.0% (-5.0% for purchases and +9.0% for refi's). And the JOLTS report (Job Openings and Labor Turnover Survey), showed 11.0333 million available jobs. That's above last month's 10.602M and estimates for 10.4000M. While the current labor shortage is real, it also highlights the underlying strength of businesses as evidenced by their demand for labor, and suggests a growing labor market for the foreseeable future. Today we'll get another look at the jobs market with Weekly Jobless Claims, which hit a pandemic low just the other week. Stocks have surged this week, putting all of the major indexes within striking distance of their all-time highs. And with December typically being a strong month for stocks, it won't take much to send them even higher. So make sure you're taking full advantage of it. Because it looks like there's a lot more upside to go. BTW, if you're looking for new stock picking ideas, be sure to read our latest commentary. Few things are better than picking up undervalued gems right before they explode higher. It's even more exciting when they're cheap in price too. I know some people get spooked when they see a low-priced stock. Just like some people get spooked when they see a high stock price. But the price of a stock tells you nothing about its valuation. Nonetheless, there's no denying the attraction of lower-priced stocks. Especially when you get in at just the right time and watch it soar. I love finding low-priced picks just as much as the next person. And if you like finding them too, make sure you read our latest commentary... [3 Keys to Undervalued Stocks with Big Upside Potential]( Best, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [5 Top-Rated Stocks for August- Just Released]( MarketBeat's analysts have just released their top five highest-rated stocks for August, 2021. None of the usual suspects, including Apple and Tesla, made the cut. Sign-up for MarketBeat's free ratings newsletter using the link below to see which companies made the list. [Click here to see the list now.]( Most Popular Articles from Zacks.com [Here Comes Santa Claus - 3 Strong Buy Stocks to Boost Your Portfolio]( Each of these stocks experienced positive earnings estimate revision activity in recent weeks, and garnered our top stock ranking. [Read More »]( [5 S&P 500 Stocks to Gain the Most From Benchmark Rally]( Strong fundamentals of the U.S. economy will provide the primary support to stocks going forward. [Read More »]( [Previewing the Q4 Earnings Season]( We remain positive in our earnings outlook, as we see the overall growth picture steadily improving. [Read More »]( [12 Key Risks for 2022]( The IIA's report has identified these top 12 risks firms expect to face in the new year. [Read More »]( [What Stocks Should be on Your Wish List in 2022?]( Zacks Chief Equity Strategist John Blank shares his outlook for 2022. [Read More »]( Sponsor [Low-Priced Stocks with Sky-High Potential]( Zacks is now revealing its top stock recommendations priced under $10 per share. Each is a high-quality company with prospects for gains of 2X and even more. Recently, our recommendations have closed returns of +108.6%, +110.4%, +393.8% and even +995.2%. Strong earnings growth, plus other Zacks' indicators, mark our rare Under $10 stocks for sustained growth. Look into them today, and then ride the potential profits high and long. [See Top Stocks Under $10 Now »]( [Bull of the Day: Asbury Automotive (ABG)]( Auto retailers are in the driver's seat in 2022. [Read More »]( [New Zacks Strong Buys for December 9th]( 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. 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