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Stocks Up For The Second Week In A Row

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Mon, Mar 28, 2022 12:23 PM

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Plus 5 New Strong Buys for Today Stocks Up For The Second Week In A Row Image: Bigstock Stocks close

Plus 5 New Strong Buys for Today Stocks Up For The Second Week In A Row [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Stocks Up For The Second Week In A Row [Stocks Up For The Second Week In A Row]Image: Bigstock Stocks closed mostly higher on Friday with the Dow and the S&P in the green, while the Nasdaq just missed out. But they were all higher for the week, making it the second week in a row. The war on Ukraine continues. Reports from Turkey that progress has been made on 4 of the 6 items that Russia and Ukraine have been negotiating for a cease fire was welcomed news. But with the remaining 2 items having to do with Ukraine giving up some seized territory, it's unclear where that leaves the talks. Nonetheless, with Russia getting bogged down (although still able to inflict mass destruction and casualties), and Ukraine putting up an impressive and inspiring fight, there's still hope that a negotiated end to hostilities will be forthcoming soon. In other news, the Pending Home Sales Index was lower by -4.1% m/m vs. the consensus for a gain of 0.9%. The index slipped to 104.9 from 109.4. Consumer Sentiment also slipped, but by a lesser amount, to 59.4 (down -0.50%) from last month's 59.7. No doubt the high inflation reading and war on Ukraine are weighing on sentiment. Nonetheless, the economy is doing well (all things considered, i.e., high inflation and high oil and gas prices). And we'll get a look at how well corporate earnings are doing as earnings season is set to begin in about two weeks. We've already seen a sizeable rally off of the correction lows. But since stocks typically going up during earnings season, there's definitely room for more upside. And since earnings estimates for the S&P have been going up, while valuations have gone down, the gains could be even more pronounced. For now, the market's got two up weeks in a row under its belt. Let's see if they can make it three this week. See you tomorrow, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Why Haven't You Looked at Zacks' Top Stocks?]( Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation. [See Stocks Free »]( Most Popular Articles from Zacks.com [Ride the Multi-Year LNG Demand Wave With These 5 Stocks]( Global LNG demand is likely to continue growing and is projected to nearly double by 2040. [Read More »]( [3 Fertilizer Stocks Benefitting from Increased Momentum]( Positive momentum within these companies can be expected to continue as earnings estimates continue to rise and supply chain-related issues continue to cap supply. [Read More »]( [How to Use Inflation to Your Advantage: 2 Securities to Buy]( Institutions have been shifting allocations toward sectors and industries that historically perform better in inflationary periods. [Read More »]( [NVIDIA GTC Blows Your Mind, Every Time]( Shares of the King of AI are trading higher following several reports the company is interested in using Intel (INTC) for chip manufacturing. [Read More »]( [How to Invest Like Warren Buffett]( Zacks Strategist Tracey Ryniec highlights three secrets to finding great value stocks like the "Oracle of Omaha". [Read More »]( [Start Every Day Ahead of Wall Street]( Before you make a trade, get today’s market news from Zacks’ latest Ahead of Wall Street article. With timely information from Zacks analysts, each daily article features a preview of where the market is headed. Plus, Zacks #1s on the move, stock research reports, earnings and economic news, and a top-headline analyst blog. All of it in one easy-to-follow place to give you the edge. [Get the latest news »]( [Bull of the Day: Endeavor Group (EDR)]( Earnings strength will help the bulls fight back to all-time highs. [Read More »]( [New Zacks Strong Buys for March 28th]( Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. [Read More »]( More Zacks Resources Mobile App 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]( Zacks Members' Success Stories 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 February 28, 2022. 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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