It was a positive start to the trading week Monday as the S&P 500, Nasdaq, and Dow were all up during regular trading hours. Tech companies led today’s rally, while one of the year’s most disappointing stocks, Nike (NYSE:NKE) , finally showed signs of life.
Additionally, investors are already eyeing next week’s Fed meeting, which is expected to result in another interest rate hike.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Ocean Rig UDW Inc. (NASDAQ:ORIG) - +8.19%
Growth: Health Insurance Innovations, Inc. (NASDAQ:HIIQ) - +7.42%
Momentum: HomeStreet, Inc. (NASDAQ:HMST) - +8.18%
VGM: Commercial Vehicle Group (NASDAQ:CVGI) - +6.40%
Income: Braskem SA (NYSE:BAK) - +6.40%
Major Indexes:
DOW: 19,206.17 / +35.75 / +0.19%
NASDAQ: 5,307.45 / +51.80 / +0.99%
S&P 500: 2,204.56 / +12.61 / +0.58%
Top Headlines
Top Stock Picks for the Week of December 5th
Our experts highlighted their top stock picks for this week. The list included Nvidia (NASDAQ:NVDA) , which surged more than 3.9% on Monday.
David Bartosiak highlighted Amkor Tech (NASDAQ:AMKR) , a Zacks Rank #2 (Buy), as Monday’s “Bull of the Day.” Shares of the semiconductor packaging and test services company gained about 3.5% on the day.
Here's Why Sneaker Stocks Are Gaining Today
Nike, which has been the worst-performing component of the Dow this year, gained nearly 3% following an analyst upgrade, while Under Armour (NYSE:UA) was up on the news that it signed its first deal with a professional sports league.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>
COMML VEHICLE (CVGI): Free Stock Analysis Report
AMKOR TECH INC (AMKR): Free Stock Analysis Report
BRASKEM SA (BAK): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
UNDER ARMOUR-A (UA): Free Stock Analysis Report
NVIDIA CORP (NVDA): Free Stock Analysis Report
HEALTH INS INN (HIIQ): Free Stock Analysis Report
OCEAN RIG UDW (ORIG): Free Stock Analysis Report
HOMESTREET INC (HMST): Free Stock Analysis Report
Original post
Zacks Investment Research