Profit as the Market "Melt Up" Continues

The stock market’s recent rally has been impressive. The breadth and power of the stock market has expanded dramatically, thanks to corporate tax reform igniting more and more industries due to anticipated windfall profits. In fact, nine of the 11 S&P 500 industries are in overbought territory, with real estate and utilities the only two industries lagging.

The other thing that’s happening is that the fourth-quarter earnings season is unfolding. And while fourth-quarter results have been fantastic, a company doesn’t need to beat earnings estimates to bounce higher. It simply needs to provide higher forward-looking guidance. If it can do both, look out! Shares are headed for the sky.

Now, while we’re still in the early stages of this earnings season, let’s look forward for a moment. Normally, at the end of an earnings season, a lot of small- and mid-cap stocks will consolidate. I don’t think that will be the case this time around. I think a lot of those stocks will be guiding higher because the tax cuts will support even stronger first-quarter results in April and May.

The bottom line: The “melt up” is going to continue! In fact, I’m looking for fairly smooth sailing well into May. So, hang on and enjoy the ride.

And if you’re looking for a prime way to cash in on the small- and mid-cap rally I see continuing into the foreseeable future, then I urge you to join my Emerging Growth service today.

At Emerging Growth, we home in on only the creme-de-la-creme of these smaller companies. Our unique and intensive research process uncovers those under-the-radar stocks that are about to emerge from the pack with unstoppable growth.

And the results are outstanding. We’ve helped individual investors beat the market nearly 8-to-1 for over 15 years, and I invite you to join them 100% risk-free today.

Until tomorrow,

Louis Navellier

Louis Navellier

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