President Trump’s announcement ruling out military force to annex Greenland led to a market rally, with the Dow closing up +588 points. Economic reports expected Thursday are likely to show a healthy economy. Inflation rates are anticipated to be around +2.8% year-over-year, while Q3 GDP is expected to be +4.3%.

Weekly Jobless Claims are projected to stay around +200K, indicating a stable labor market. Earnings reports from GE Aerospace, Abbott Labs, and Procter & Gamble are anticipated. Only Abbott and Intuitive Surgical have Buy recommendations, while P&G and CSX are rated as Zacks Rank #4 (Sell).

Zacks Research Chief has identified a top stock with money-doubling potential. Director of Research Sheraz Mian believes this pick could outperform previous recommendations like Hims & Hers Health. GE Aerospace, Intel, Abbott Labs, CSX, and Procter & Gamble are among the companies reporting earnings.

Market indexes surged after Trump’s announcement, closing with impressive gains. Economic reports scheduled for Thursday are expected to reflect a robust economy. Inflation rates and GDP numbers are forecasted to be positive, indicating a strengthening economy. Weekly Jobless Claims remain steady, and several major companies are set to report earnings.

Read more at Nasdaq: Markets Feast on Trump Reversal for Greenland