Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Today's 3 Best Stocks

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Call it the "amazing streak," but the broad-based S&P 500 (SNPINDEX: ^GSPC  ) advanced for a 20th consecutive Tuesday -- an odd and remarkable feat.

Leading the index higher today were comments from the Federal Reserve, which reassured investors that the central bank wouldn't pare back its bond-buying program -- affably known as QE3 -- before it knows the economy is on stable footing. On the economic data front, the Case-Shiller Index delivered growth of 10.9% over the previous year in terms of the nation's 20 largest cities. An improving housing market is one of a crucial number of components to America's ongoing recovery process. Consumers seem to agree, with consumer confidence racing higher to 76.2 in May -- considerably higher than the 68.1 reported last month.

When all was said and done, the S&P 500 moved higher by 10.46 points (0.63%) to close at 1660.06. While today was certainly bullish (yet again!), investors in today's three top-performing stocks have the most to cheer about.

Flying the highest of all was online travel review site TripAdvisor (NASDAQ: TRIP  ) , which tacked on 4.2% despite no specific company news. This seems like a case where consumer confidence and higher home prices played a big role in pushing this stock higher. If home prices are rising and consumers are more confident about an economic recovery, then they are more likely to take a vacation. That'd be great news for third-party sites, which have flourished, especially overseas, as consumers look for a good deal. It would also reconfirm TripAdvisors' optimism regarding the upcoming traveling season.

Similarly, investment management and services company State Street (NYSE: STT  ) added 4.1% in spite of a lack of news. The move does, however, come just a few days after reiterated its buy recommendation on the stock. It's also worth noting that State Street Chairman and CEO Joseph Hooley will be presenting at the Morgan Stanley Financials Conference in two weeks. Usually conferences like these allow investment firms like State Street to instill confidence in analysts, and it's not uncommon to see upgrades (and downgrades) follow these meetings.

Finally, and along those same lines, E*TRADE Financial (NASDAQ: ETFC  ) jumped 4% both on the comfort that the Fed will continue to buoy the still-fragile markets with QE3 and on the announcement that CEO Paul Izdik will be speaking at the Sandler O'Neil Global Exchange & Brokerage Conference next week. Just as with State Street, these conferences give analysts a good idea about the health of a financial firm and are often followed by upgrades and/or downgrades. For E*TRADE, a lot more is on the line since it's still in the process of recovering from a mortgage loan portfolio rife with toxic and delinquent loans. As long as the Fed keeps lending rate targets near record lows (as it pledged today), it'll allow E*TRADE ample time to recover. 

Many investors are scared about investing in big banking stocks after the crash, but the sector has one notable standout. In a sea of mismanaged and dangerous peers, it stands out as The Only Big Bank Built to Last. You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2456134, ~/Articles/ArticleHandler.aspx, 9/25/2016 10:21:37 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:55 PM
^GSPC $2164.69 Down -12.49 -0.57%
S&P 500 INDEX CAPS Rating: No stars
ETFC $28.40 Down -0.10 -0.35%
E*TRADE Financial… CAPS Rating: ***
STT $70.62 Down -0.42 -0.59%
State Street CAPS Rating: *****
TRIP $61.87 Up +0.51 +0.83%
TripAdvisor CAPS Rating: *****