Stocks finished the week with a solid day of trading on Friday. While uncertainty and concern continued to send oil prices lower, confidence in the overall health of the economy was lifted even further thanks to a better-than-expected jobs report.
What’s more, recent blockbuster deals like the Snap Inc. IPO have created a renewed interest in initial public offerings among investors. This week, the market saw the debut of J. Jill, an apparel maker and mall-based retailer.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Amerigo Resources ARREF - +9.55%
Income: Pier 1 Imports PIR - +6.04%
DOW: 20,915.29 / +57.10 / +0.27%
NASDAQ: 5,859.20 / +20.39 / +0.35%
S&P 500: 2,371.29 / +6.42 / +0.27%
Oil Prices, Caterpillar Fraud, and Has Snap Ignited the IPO Market?
On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week's biggest story: the anticipatory state of the IPO market following Snap's historic debut.
J. Jill IPOs Despite Brutal Retail Industry
On March 9, women’s apparel retailer and mall staple J. Jill JILL began its life as a publicly traded entity despite volatility and uncertainty rocking the retail industry. Its initial public offering, however, received a lukewarm response from Wall Street, but in Friday morning trading, JILL stock is up almost 3% to $13.02 per share.
235K New Jobs Remove Last Stop from Fed Rate Hike
Another strong jobs report from the Bureau of Labor Statistics (BLS) survey — a monthly read of non-farm payroll numbers, including government hiring — has been released before the bell today: 235K new jobs were created in the month of February, continuing the strong labor market we’ve seen for nearly the entire past year.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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