Lucky #7 for Investors

Stocks closed above 2400 for the 7th straight session. That leaves very little doubt that a breakout is under way with likely more gains ahead.

On Monday, the indices stalled out for the session. This is more about taking a breather than anything that is truly negative. In fact, the economic positives continued to roll in as ISM Services put up its 3rd best reading since the start of 2016.

This is another in a string of strong economic reports which explains why GDP is looking like +3% in Q2...and explains why stocks should be heading higher in the days ahead.

Best,

Steve Reitmeister

Executive Vice President, Zacks Investment Research

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Start Every Day Ahead of Wall Street

Before you make a trade, get today's market news from Zacks' latest Ahead of Wall Street article. With timely information from Zacks' analysts, each daily article features a preview of where the market is headed. Plus, Bull and Bear stocks of the day, Zacks #1s on the move, stock research reports, earnings and economic news, and a top-headline analyst blog. All of it in one easy-to-follow place to give you the edge.

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