CNN and its affiliates may use your email address to provide updates, ads, and offers. The Zacks #1 Rank List is the best place to start your stock search each morning. Each weekday, you can quickly see the Zacks #1 Rank Top Movers from Value to Growth, Momentum and Income, even VGM Score. Kroger drives growth with digital expansion, private label success, fresh offerings and strategic partnerships, while investments in AI and value creation fuel long-term scalability. Robust performance from Ford Pro unit, strong liquidity position and high dividend yield spark optimism. Lower assembly volumes, concentrated customer base and high capital spending might hurt Magna’s performance.
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Mastercard’s strategic acquisitions, alliances and technology upgrades, along with product diversification and geographic expansion initiatives augur long-term growth. VLTO’s leadership in Water Quality and PQI segments, strong financials, strategic acquisitions and growing dividends have generated an annual share price appreciation of 26%. You can also find a report on the ticker of your choice, or access all of the stock reports covered by Zacks analysts. US stocks rallied on Thursday, with the Dow Jones Industrial Average gaining more than 300 points and the S&P 500 clinching another record high. According to the CME FedWatch tool, markets expect the Fed to deliver 25-basis-point cuts at the November and December meetings.
Zacks #1 Rank Top Movers
“Thursday’s jobs report was stronger than expected, which shows that the resiliency we have been seeing in the economy over the past several months is still intact,” Laut wrote in a note. The move to new records for stocks on Thursday signals a key shift among investors, who have often digested strong economic data as a negative development, as it lowers the chances for a rate cut. A hot economy is a hurdle to aggressive rate cuts from the Fed and could cause markets to reprice expectations for interest rates through the rest of this year and into 2025. The odds of a July rate cut were slashed shortly after the jobs report, with market participants pricing in a 4.7% chance the Fed could trim rates at its next policy meeting, according to the CME FedWatch tool. The jump followed a strong June jobs report, which showed that the US added more jobs than economists originally expected last month, while also revising May’s data upward. Chrysler parent Stellantis is expected to deliver earnings this week after the Jeep maker last month reported a noteworthy drop in quarterly shipments.
- Inflation data and corporate earnings highlight the weekly economic calendar for investors.
- A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- Analysts suggest that sustained declines in key stocks may prompt a more significant correction in the NASDAQ if investor sentiment continues to waver.
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Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. The stock market today is characterized by cautious optimism, with the NASDAQ, S&P 500, and Dow Jones showing slight upward movements in futures. Investors are closely watching the Federal Reserve’s decisions and upcoming economic indicators, which will significantly influence market sentiment in the coming days. While short-term volatility is expected, the long-term outlook remains cautiously optimistic, provided that economic conditions stabilize.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
The company is making steady progress, driven by the good performance of new drugs and its consumer health division.
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You can also sort the list with criteria you choose, view Additions and Deletions by day, and Performance. Zacks Rank Home – Evaluate your stocks and use the Zacks Rank to eliminate the keys to heaven’s economy losers and keep the winners. A good liquidity position gives operational flexibility while the dividend hike indicates cash flow stability and a shareholder-friendly stance. Apple is benefiting from momentum in the Services business, strong adoption of Apple Pay and growing Wearables business. VIST’s significantly higher capital spending poses potential cash flow challenges.
Robust loans and deposit balances, business expansion initiatives and relatively higher interest rates will aid Hancock Whitney. Its enhanced capital distributions reflect a solid liquidity position. Solid loans, fee income, low-cost deposits, strategic buyouts, and relatively higher rates are likely to aid SouthState’s financials. Discovery plans to release its quarterly results this week, after the entertainment giant announced plans to split its TV business from its streaming and movie studios. The initial reading released last month showed the U.S. economy grew at a 2.3% annual rate, slightly lower than expectations.
Stocks do little as Fed sticks to the script
For Meta, analysts expect to see strong growth and a stable core business. In a note last week, analysts at Bernstein described Meta as the new “set it and forget it” blue-chip stock. They raised their price target to $675 a share from $600, representing potential upside of 16% from the price of the stock at midday on Monday. Get the latest updates on US markets, world markets, stock quotes, crypto, commodities and currencies. “Investor focus is shifting back to the economy’s underlying strength, with less emphasis on the Fed.”
Luxury electric vehicle maker Lucid is also scheduled to release earnings this week. Nvidia’s profit more than doubled in the third quarter amid strong sales in its data center division. If job growth remains high, that could reduce the need for more rate cuts. If the data is weaker than expected, that could prompt more rapid easing but also hint at a weakening economy.
- State Street is poised for growth on the back of business servicing wins, synergies from strategic buyouts, a global footprint, relatively high rates and strong balance sheet and liquidity positions.
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- The company is making steady progress, driven by the good performance of new drugs and its consumer health division.
- After a blockbuster September jobs report, the stakes are high for October’s jobs data on Friday.
Also this week, the consumer confidence survey on Tuesday will include data on public perceptions of inflation, which Fed officials watch as an important determinant of price increases. Inflation data will be in focus this week after Federal Reserve officials indicated the central bank is watching for inflation to fall before moving ahead with further interest-rate reductions. The iPhone maker reports on Thursday and is expected to unveil software and hardware updates this week, including access to highly anticipated Apple Intelligence features with the iOS 18.1 update. With the trade war back in focus this week, investors are wondering Trump will once again ease his toughest tariff talk and avoid roiling stocks. The Dow has experienced a slight uptick in futures as well, indicating a positive outlook among investors. This index, which comprises 30 large publicly traded companies, is often seen as a reflection of the industrial sector’s performance and overall economic conditions.
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