Trader, Is Indecision worse than a Bad decision?

Plus 5 New Strong Buys for Today ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Stocks Closed Lower Yesterday, Erasing Early Gains

	Profit from the Pros By Kevin Matras Executive Vice President
	Stocks Closed Lower Yesterday, Erasing Early Gains Image: Bigstock Stocks closed lower yesterday, erasing early intraday gains. Positive surprises from Goldman Sachs, Synchrony Financial, and Charles Schwab were cheered at the start of the day. But inflation concerns and what the Fed will do next week on rates (will they go 75 basis points or 100?), weighed on stocks. (And reports that Apple will join the likes of Google and Amazon in slowing hiring (in 2023), didn't help either.) But earnings season is always an important time. Especially now, as everyone is looking for insight into how companies performed in Q2. With the Federal Reserve Bank of Atlanta's GDP Now forecast estimating Q2 to be down -1.5%, a better than expected earnings season would paint a different picture. In addition to Q2 earnings, forward guidance for Q3 and the full year, could very well be even more important. With the Fed estimating full-year GDP to come in at 1.7%, they are clearly expecting a sharp rebound in growth. If so, that optimism should be expressed in the guidance of these companies. In other news, the Housing Market Index fell to 55 from last month's 67 and views for 66. That was the lowest reading since May 2020. According to the National Association of Home Builders Chairman, Jerry Konter, "production bottlenecks, rising home building costs and high inflation are causing many builders to halt construction because the cost of the land, construction and financing exceeds the market value of the home." Today we'll get another look at the housing market with the Housing Starts and Permits report. (That's followed by Wednesday's MBA Mortgage Applications report, and the Existing Home Sales report.) We'll also get more earnings with another 59 companies on deck for today (301 total for the rest of the week). And then another 1,036 next week. In the meantime, last month's lows continue to hold. And if it holds again this week, that'll make it week number five. (The longer the better.) A steady stream of positive earnings reports could help keep that streak alive. See you tomorrow, Kevin Matras Executive Vice President, Zacks Investment Research
	Sponsor 7 Stocks to Buy and Hold Forever Have you bought any stocks in the last year that you regret buying? Maybe you put money into tech or crypto at exactly the wrong time. Your stock portfolio is in rough shape and it feels like all you can do is look away and hope things get better, but hope isn't a strategy. We've identified seven stocks that might not appear to be anything special at first glance, but they are companies that will thrive in any market environment. These companies print billions of dollars in cash each year, yet many investors are ignoring them. Find out what the market is missing with MarketBeat's free report 7 Stocks to Buy & Hold Forever. Click here to see the stocks.
	Most Popular Articles from Zacks.com 5 Consumer Discretionary Stocks to Buy on Strong U.S. Demand Robust demand is likely to drive both the top and the bottom line of these companies. Read More » Q2 Earnings Create Waves: Global Week Ahead Management updates can create major waves, as they produce a cascade of earnings estimates revisions, across a number of S&P 500 sectors and industries. Read More » Apple (AAPL) Spending Cuts Drain Rally; IBM Beats Again Reporting on Apple Inc. (AAPL) slowing its pace of hiring and spending in some (as yet undetermined) segments sent shares down -2%. Read More » Why Investors Should Focus on These 4 Canadian E&P Stocks High oil and natural gas prices are likely to position the Canadian industry for substantial gains for the remainder of this year. Read More » 4 Best-Performing ETF Themes of the Past Three Months We have selected the strongest ETFs from the best-performing themes of the past three months. Read More »
	Today, See Zacks' Top Stocks for Free Starting now, you can get instant access to the latest picks from our hottest market-beating strategies. In 2021 they gained +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Zacks will also give you a free Special Report, Top 10 Stock Screening Strategies that Make Money which spells out the formulas behind these top strategies. See Stocks Free »
	Bull of the Day: IBEX Limited (IBEX) Year-to-date, shares have been scorching hot, increasing nearly 50% in value and easily outperforming the S&P 500. Read More » New Zacks Strong Buys for July 19th 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.
	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.
	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 June 6, 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 http://www.zacks.com/performance_disclosure 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