Remember, the latest episode of the Zacks Ultimate Strategy Sessionwill be available for viewing no later than this Wednesday, June 6. Sheraz Mian, Tracey Ryniec, David Bartosiak and Kevin Cook will cover the investment landscape from most every angle in this informative event.
Don't miss your chance to hear:
• Sheraz and Kevin Agree to Disagree on how impactful the 3 biggest threats to the economy and stock market will be
• Sheraz answers your questions in Zacks Mailbag
• Sheraz and Kevin choose one portfolio to give feedback for improvement
• And much more
So be sure to mark your calendar then log on to Zacks.
Move over Russell 2000…you’ve finally got company at the all-time highs.
The NASDAQ closed at a new record on Monday for the first time since March. The index advanced 0.69% to 7606.5, soaring past its previous closing high at 7588.3 on March 12. It’s now just a little more than 30 points away from its intraday apex.
New highs were actually contagious in the technology sector today. Giants like Microsoft, Amazon, Netflix and Apple all closed with records. Apple unveiled its new iOS 12 mobile operating system at its annual Worldwide Developers Conference, as the stock continues its trek toward $1 trillion.
The other major indices also enjoyed positive sessions, as the market spent another day appreciating last Friday’s jobs report and ignoring ongoing concerns with trade. The Dow climbed 0.72% to 24,813.7 and the S&P was up 0.45% to 2746.9. The small-cap focused Russell 2000 had been making new highs while its larger counterparts were just stumbling around, and that continued today with its advance of 0.33% to 1653.4.
“What happened today is just the beginning of a larger move higher. The volume is low, the VIX is low and I can feel a summer drift higher in stocks. A drift might make things boring, but we all know there will be some headlines to keep things interesting,”said Jeremy in Counterstrike.
In the portfolios, Healthcare Innovatorstook advantage of a massive selloff in a biopharma company that the editor thinks is an overreaction. Also, Options Traderswapped a series of bull call spreads to get more time in a holding that has recently turned around. Learn more about these moves and more in the highlights section below:
Today's Portfolio Highlights: