Stocks End Mixed, But Near Their Highs Of The Day

Plus 5 New Strong Buys for Today Stocks End Mixed, But Near Their Highs Of The Day [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Stocks End Mixed, But Near Their Highs Of The Day [Stocks End Mixed, But Near Their Highs Of The Day]Image: Bigstock Stocks closed mixed with the Dow and the S&P ending lower, while the Nasdaq was able to finish in the green. But all of the indexes bounced decisively off their intraday lows to close near their highs of the day. Follow-through selling after Friday's disappointing jobs report weighed on stocks early. But for perspective, the economy did recover 6.4 million jobs last year, with the unemployment rate nearing 50-year lows. And with another year of robust economic growth forecast for this year, traders quickly pared those losses. In other news, Wholesale Inventories for November rose 1.4%. The stronger than expected showing should add to an already strong Q4 GDP estimate. Today we'll get the NFIB Small Business Optimism Index, and another look at retail sales via the Redbook report. We'll also hear from Fed Chair Jerome Powell today as he speaks before the Committee on Banking, Housing, and Urban Affairs at the U.S. Senate, at his Nomination Hearing. Stocks started the year off strongly, then slipped at the end of last week. But there's a lot of year left. And if Jamie Dimon is right (yesterday morning he said he thinks the U.S. is headed for the best economic growth in decades, while speculating that his company will likely see "the best growth we've ever had"), we could see a lot more upside to go for both the economy and the market. He went on to say that the "consumer balance sheet has never been in better shape," and "they're spending 25% more today than pre-Covid." Sounds pretty bullish, which means we could see another year of stellar gains. 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 [Buffett Dumps $800M Of Apple, Buys This Instead!]( Through Berkshire Hathaway... Warren Buffett recently dumped $800 million of Apple stock... And [bought this instead]( He's now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to... [See full story here...]( Most Popular Articles from Zacks.com [3 Transportation Stocks With Dividend Growth to Bet on]( Each of these high dividend-yielding stocks has a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a market capitalization in excess of $20 billion. [Read More »]( [5 Most-Loved ETFs to Start 2022]( ETFs overall gathered about $24 billion in capital last week, up $7.1 billion recorded in the first week of 2021. [Read More »]( [Massachusetts Okays 3.2GW Solar Deployment: Stocks to Gain]( These solar stocks stand to benefit from the state's expansion of the SMART (Solar Massachusetts Renewable Target) Program. [Read More »]( [Has the Sell-Off Run Out of Steam?]( We saw the Nasdaq rebounding off the 200-day and actually eking out gains for the first time in five trading days. [Read More »]( [A Burst in the Geopolitical Landscape? Global Week Ahead]( Unrest in Kazakhstan, Russian military build-up on Ukraine's border, and major Belarus unrest has put NATO diplomacy back on traders' agendas. [Read More »]( Sponsor [60% Off Our Stock-Picking Service]( Happening Now: The Motley Fool is offering 60% off its top stock-picking service for new members. That's a full year of recommended stock picks now 60% off! Based on $199/year list price. Introductory promotion for new members only. [Act now.]( [Bull of the Day: Target (TGT)]( TGT stock is currently sitting at enticing levels for those with longer-term horizons, especially considering its solid fundamentals. [Read More »]( [New Zacks Strong Buys for January 11th]( 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 of Service". [www.zacks.com/terms_of_service]( 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 December 6, 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