We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The S&P 500 hit the major milestone of 3,000 for the first time ever, overplaying global slowdown concerns. It took five years to make a 1,000-point jump. The index had reached 2,000 on Aug 26, 2014. Trade optimism and hopes of easing policies are acting as the biggest catalysts this year.
The Fed in its latest testimony bolstered the case for easier monetary policy, citing slower business investments across the United States and lingering uncertainties over the economic outlook. Lower rates would make borrowings cheaper, providing a boost to both investment in new projects and repayment of higher-rate debt. As such, it would lead to strong economic growth and is thus a boon for the stock market.
Additionally, rising oil price driven by the extension in OPEC output cut deal, supply threats and shrinking inventories are providing a solid boost. Further, recovery in the U.S. housing market as well as the flurry of M&A deals bode well for the stock market. Moreover, the American economy is on a growth path, albeit at a slower pace, buoyed by strong job growth, rising consumer confidence and higher consumer spending.
While the gains were broad-based over a five-year period, we have highlighted those top-ranked stocks that have led the S&P 500′s five-year run from 2,000 to 3,000. These stocks have a solid Zacks Rank #1 (Strong Buy) or 2 (Buy) and will continue to outperform in the years ahead given their superior fundamentals. You can see the complete list of today’s Zacks #1 Rank stocks here.
This company operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities. It belongs to a top-ranked Zacks industry (top 14%) and has a market cap of $12.9 billion. The stock carries a Zacks Rank #2 and has a VGM Score of C.
It is a global leader in online vehicle auctions. It has a market cap of $17.2 billion and belongs to a top-ranked Zacks industry (top 19%). Copart has a Zacks Rank #2 and VGM Score of C.
WellCare Health Plans Inc. – Up 268.4%
This company focuses exclusively on providing government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs. It has market cap of #14 billion and falls under the top-ranked Zacks industry (top 5%). The stock flaunts a Zacks Rank #1 and VGM Score of B.
Zoetis discovers, develops, manufactures and markets veterinary vaccines and medicines, complemented by diagnostic products and genetic tests and supported by a range of services. With a market cap of $54.2 billion, the stock falls under the top-ranked Zacks industry (top 29%) and sports a Zacks Rank #1. It has a VGM Score of B.
With a market cap of $70.2 billion, Intuit provides financial management and compliance products and services for small businesses, consumers, self-employed and accounting professionals. The stock has a Zacks Rank #2 and VGM Score of B. It further belongs to the top-ranked Zacks industry (top 39%).
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
5 Top-Ranked Stocks That Powered S&P 500 Rally
The S&P 500 hit the major milestone of 3,000 for the first time ever, overplaying global slowdown concerns. It took five years to make a 1,000-point jump. The index had reached 2,000 on Aug 26, 2014. Trade optimism and hopes of easing policies are acting as the biggest catalysts this year.
The Fed in its latest testimony bolstered the case for easier monetary policy, citing slower business investments across the United States and lingering uncertainties over the economic outlook. Lower rates would make borrowings cheaper, providing a boost to both investment in new projects and repayment of higher-rate debt. As such, it would lead to strong economic growth and is thus a boon for the stock market.
Additionally, rising oil price driven by the extension in OPEC output cut deal, supply threats and shrinking inventories are providing a solid boost. Further, recovery in the U.S. housing market as well as the flurry of M&A deals bode well for the stock market. Moreover, the American economy is on a growth path, albeit at a slower pace, buoyed by strong job growth, rising consumer confidence and higher consumer spending.
While the gains were broad-based over a five-year period, we have highlighted those top-ranked stocks that have led the S&P 500′s five-year run from 2,000 to 3,000. These stocks have a solid Zacks Rank #1 (Strong Buy) or 2 (Buy) and will continue to outperform in the years ahead given their superior fundamentals. You can see the complete list of today’s Zacks #1 Rank stocks here.
.jpg)
.jpg)
.jpg)
.jpg)
MarketAxess Holdings Inc. (MKTX - Free Report) – Up 620.4%
This company operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities. It belongs to a top-ranked Zacks industry (top 14%) and has a market cap of $12.9 billion. The stock carries a Zacks Rank #2 and has a VGM Score of C.
Copart Inc. (CPRT - Free Report) – Up 324.9%
It is a global leader in online vehicle auctions. It has a market cap of $17.2 billion and belongs to a top-ranked Zacks industry (top 19%). Copart has a Zacks Rank #2 and VGM Score of C.
WellCare Health Plans Inc. – Up 268.4%
This company focuses exclusively on providing government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs. It has market cap of #14 billion and falls under the top-ranked Zacks industry (top 5%). The stock flaunts a Zacks Rank #1 and VGM Score of B.
Zoetis Inc. (ZTS - Free Report) – Up 250.1%
Zoetis discovers, develops, manufactures and markets veterinary vaccines and medicines, complemented by diagnostic products and genetic tests and supported by a range of services. With a market cap of $54.2 billion, the stock falls under the top-ranked Zacks industry (top 29%) and sports a Zacks Rank #1. It has a VGM Score of B.
Intuit Inc. (INTU - Free Report) – Up 237.9%
With a market cap of $70.2 billion, Intuit provides financial management and compliance products and services for small businesses, consumers, self-employed and accounting professionals. The stock has a Zacks Rank #2 and VGM Score of B. It further belongs to the top-ranked Zacks industry (top 39%).
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>