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Stocks Fight Their Way Forward Amid Tariff Concerns

By Zacks Investment ResearchStock MarketsMar 06, 2018 09:15PM ET
www.investing.com/analysis/stocks-fight-their-way-forward-amid-tariff-concerns-200296212
Stocks Fight Their Way Forward Amid Tariff Concerns
By Zacks Investment Research   |  Mar 06, 2018 09:15PM ET
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The March episode of the Zacks Ultimate Strategy Session will be available for viewing no later than Wednesday, March 14. Sheraz Mian, Ryan McQueeney, Tracey Ryniec, Brian Bolan and David Bartosiak will cover the investment landscape from most every angle in this popular event.

Don't miss your chance to hear:

• Brian and Ryan Agree to Disagree on whether inflation is rising or in check
• Sheraz and Brian answer your questions in Zacks Mailbag
• Sheraz and Brian choose one portfolio to give feedback for improvement
• And much more

Remember, we need your input. Please submit your questions for Zacks Mailbag and Portfolio Makeover by Thursday morning, March 8. Email now to mailbag@zacks.com.

Then log on to Zacks.com and bookmark this page.


In volatile and uncertain times like these, investors should appreciate any type of back-to-back gains in the market. The major indices closed Tuesday in positive territory during a rocky session. The performances paled in comparison to yesterday’s energetic rally, but at this point last week, stocks had already recorded their first of three straight 1% plunges.

The NASDAQ was up 0.56% on Tuesday to 7372 and the S&P increased 0.26% to 2728.1. The Dow broke a four-session losing skid just yesterday and worked hard today to recover from a morning slump. It ultimately ended with an increase of 0.04% (or less than 10 points) to 24,884.1. Having recently recorded a weekly loss of 3% and its first monthly loss in 10, investors will take this tiny gain and hope for bigger things the rest of the week.

The big uncertainty right now, though, continues to be tariffs. The market has calmed down from last Thursday’s mania, but it’s always ready to freak out once again on further developments.

In the portfolios, Stocks Under $10 added a stock from one of the hottest spaces in the market right now, and Short List swapped out one position in its weekly adjustment. Learn more about these moves in the highlights section below:

Today's Portfolio Highlights:

Stocks Under $10: Get ready for more buying as Brian Bolan wants to get the portfolio back up to between 15 and 20 names. On Tuesday, he got a step closer to the goal with the addition of Everi (EVRI), which is part of the “red hot” payments space. If the name rings a bell, it’s because the portfolio already owned it and made more than 60% on the investment. The editor thinks the stock could move even higher this time and there are a few firms that agree with him. EVRI will report earnings next week. In addition to all this, Brian thinks the company could be a potential M&A target for some of the bigger players in the space. Read the complete commentary for more on this new addition.

Zacks Short List: The portfolio only changed one position this week. It short-covered Square (NYSE:SQ) and replaced it with the addition of Iqvia Holdings (IQV). Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide.

Counterstrike: "Headlines out of D.C. caused for a choppy day as Trump’s Tariffs continue to be a concern for traders.

"For the most part there was follow through overnight higher after yesterday’s strong performance. It seems like the markets think Trump might not follow through with tariffs.

"I’m not so sure and think Trump will pull the trigger on Thursday with tariffs across the board with no exemptions. Listening to him talk today, it seemed like he has made up his mind. I expect the tariff rumors to continue and cause this market chop. It seems to be the biggest short-term risk to the market and the algos are trading with every rumor."
-- Jeremy Mullin

All the Best,
Jim Giaquinto

Recommendations from Zacks' Private Portfolios:

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Zacks Investment Research

Stocks Fight Their Way Forward Amid Tariff Concerns
 

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Stocks Fight Their Way Forward Amid Tariff Concerns

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