Summary: Recent Zacks upgrades for companies like NVIDIA, Twist Bioscience, and Ollie's Bargain Outlet. Analysis: Positive.

From Nasdaq: 2024-07-15 08:53:00

Last week, the S&P 500 and Dow Jones Industrial Average saw gains, while the Nasdaq Composite slightly decreased. The Consumer Price Index for June showed a dip in monthly inflation, with the all items index increasing by 3% over the past 12 months. Unemployment rose and job creation slowed in June, with nonfarm payrolls increasing by 206,000.

Federal Reserve Chair Jerome Powell stated interest rates will not be cut until inflation targets are met. Investor expectations of a rate cut in September have been fueled by favorable macroeconomic data and the upcoming presidential election. The Fed’s upcoming meets on July 30-31 will be closely monitored for further guidance.

Zacks Research offers unbiased guidance amid market uncertainty. Recent Zacks Rank upgrades have seen significant stock gains, with companies like Ouster and Twist Bioscience showing strong performance post-upgrade. The Zacks Model Portfolio of Zacks Rank #1 stocks has historically outperformed the S&P index by a wide margin.

Zacks Recommendation upgrades for companies like Veracyte and Datadog have resulted in positive stock performance. The Zacks Focus List, which includes stocks like NVIDIA and Lam Research, has consistently outperformed the S&P 500 index over time. Other Zacks portfolios like the Earnings Certain Admiral Portfolio (ECAP) and Earnings Certain Dividend Portfolio (ECDP) have also yielded strong returns.

Companies like American Tower and Public Storage, part of the Earnings Certain Dividend Portfolio (ECDP), have seen impressive returns over the past 12 weeks. The Zacks Top 10 Stocks for 2024, including Ollie’s Bargain Outlet Holdings, have delivered solid returns, outperforming the S&P 500 index. Zacks continues to provide investors with valuable insights and strategies for navigating the market.



Read more at Nasdaq: Take the Zacks Approach to Beat the Markets: NVIDIA, Twist Bioscience, Ollie’s Bargain Outlet in Focus