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Plus New Zacks Strong Buys for Wednesday, October 30

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All Eyes On The Fed Today Stocks closed modestly lower yesterday ahead of today's FOMC meeting. Earnings continue to be supportive, in spite of a few high profile misses here and there. Same with trade, as optimism continues to grow over the U.S.-China trade deal. President Trump and President Xi are expected to formalize and sign Phase One of their trade agreement when they meet on November 17th at the Asia-Pacific Economic Cooperation summit in Chile. But the main event today will be the Fed when they meet this afternoon to decide if they'll cut interest rates for the 3rd time this year. Odds are now at more than 97% that they'll cut rates by another quarter point. Traders will also be trying to get a read on what the Fed will do at their next meeting in December (their last meeting of the year). Will today's anticipated cut be it, or can we expect another one on December 11th? You can be sure everybody will be combing through their policy statement, and listening to Fed Chairman Jerome Powell's Press Conference for any clues. Before that, however, we'll get the advance estimate for Q3 GDP. That's expected to come in at 1.7%. We'll also get MBA Mortgage Applications, the ADP Employment Report, and the State Street Investor Confidence Index. And, of course, more earnings. Should be a busy day. See you tomorrow, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor Don't Wait Until this Company Has PayPal on the Ropes Cryptocurrencies are the future. But only one is pegged to the American dollar. Not only that, but this currency can be withdrawn from any ATM machine around the world with its own MasterCard. Discover the name and ticker symbol of the company behind this currency... absolutely FREE Most Popular Articles from Zacks.com Investors Can Find Strong Stocks with our First Profit Screen This concept is relatively simple: if the trend has been one of improvement, there is a solid chance the trend will continue. Read More » 5 Solid Relative Price Strength Stocks to Make You Rich It is important to check whether a stocks price performance exceeds its peers or the industry average. Read More » S&P 500 at All-Time High on Hopes of Trade Progress & Rate Cut It is a good time to invest in trade-sensitive tech stocks since investors are betting high on a phase-one trade deal next month. Read More » This Week's Top Restaurant Earnings Charts Among the companies reporting this week will be a bunch of the restaurant stocks including the widely-watched names. Read More » 10 Top-Ranked ETFs Beating S&P 500 This Year These ETFs have potentially superior weighting methodologies and a solid Zacks ETF Rank. Read More » Sponsor Your Exclusive Access to Today's Top ETFs Use Zacks ETF Rank to help you select the very best ETFs for your portfolio. This quantitative ratings system takes into account asset class forecasts as well as several ETF-specific factors. All to give you a comprehensive account of a fund's potential before you invest your money. See Today's Top-Ranked ETFs >> Bull of the Day: Burlington Stores, Inc. (BURL) With the holiday shopping season upon us, we dive into why the discount retailer looks like a solid buy right now. Read More » New Zacks Strong Buys for October 30th Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. 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