Stocks Up To Start The Week On A Strong Note Image: Bigstock Stocks closed higher yesterday with all of the major indexes in the green to start the week. Last Friday's solid employment report had legs, helping stocks add to the gains they've see over the last several weeks. In other news, yesterday's Factory Orders report slipped -0.5% m/m, but that beat the consensus which was forecasting -0.6%. Today we'll get reports on International Trade in Goods and Services, the PMI Composite report, and the ISM Services Index. And we'll get more earnings. While earnings season doesn't officially start until April 20th, when Alcoa reports after the close, it's already unofficially begun. We'll get 10 more companies reporting today, and 47 total by the end of the week. Next week there's 78 on deck. And then 279 the week after that. Earnings season is always an exciting time since stocks typically go up during earnings season. Even though inflation worries continue, the economy is strong, and so are corporate earnings. We'll see just how strong as the earnings reports start rolling in. But if last week's jobs numbers are any indication, it looks there's a lot more upside to go for both the economy and the market. See you tomorrow, Kevin Matras Executive Vice President, Zacks Investment Research |
Tidak ada komentar:
Posting Komentar