Markets Grow Calm, LA Times Sold For $500m
Zacks Investment Research | Feb 06, 2018 10:31PM ET
Wednesday, February 7, 2018 Markets finally settled down Tuesday after a big storm that lasted the past few trading days, taking roughly 6% off the highs, which happened to be all-time records. For sure we’ve seen some casualties, but indexes around the world look to have survived mostly intact. Overnight and into the morning hours overseas, we see Japan’s Nikkei index up 0.2% after getting hit hard previously (-4.7% on Tuesday), while stocks in Europe are finishing in positive territory for the first time in the last 8 days. The implied open for the Dow is again down triple digits, but remember where we started yesterday, and where we wound up (with its 1000-point swing). Zacks Exec VP Kevin Matras sees plenty of opportunities to find great stocks at slashed prices, with which to ride the next leg of this long-term bull rally. Check out his thinking in today’s latest Profit from the Pros article: Questions or comments about this article and/or its author? Click here>> Zacks’ Best Private Investment Ideas
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