Markets Finish At Or Near All-Time Highs Image: Bigstock Stocks closed mixed yesterday, but remain near their all-time highs, while the Dow made a new all-time high. Strong earnings continue to support stocks. Headline after headline for the last several weeks have shown companies outperforming expectations. And that growth trend is likely to continue as falling case counts have prompted more and more big cities to come off lockdown and open up businesses, which will unleash big pent-up demand. And so will the prospect for more stimulus which will further increase the amount of money that will be spent. This year is off to an amazing start. And it looks like there's a lot more upside to go. The good news is all around, blaring from the headlines. Of course, not every headline is a money maker. But if you know what to look for, it can lead to big gains. Tesla, for example, was in the headlines day in and day out for the longest time, and it has skyrocketed in price. It continues to trade near its all-time high with forecasts for even bigger gains to come. Headlines of companies reporting record revenue, or launching a new product, or disrupting an industry have alerted investors to big winners. So have headlines for record demand (read the housing market), or shortages (like semi-conductors), or regulation changes (such as in the soaring marijuana industry), etc., etc. Even a couple of weeks ago when some pundits were wringing their hands over the quick pullback, the best headlines were painting a picture of opportunity. And the rally that followed has been stunning. To learn how to take advantage of the most profitable market-driving news, be sure to read our latest commentary... Good News from Shell-Shocked Wall Street Best, Kevin Matras Executive Vice President, Zacks Investment Research |
Post a Comment
Post a Comment