The market couldn’t finish off the week with another strong rally, but the Dow did continue its record-breaking pace for a second consecutive session. The index advanced another 0.32% (or about 86 points) to 26,743.5 and ended the week with a nearly 2.3% advance. After all the negative trade headlines over the past several months, it was encouraging to see the Dow get back to an all-time high yesterday for the first time since January. It was even more encouraging to add onto the milestone Friday during an otherwise sluggish day for stocks. Unfortunately, the Dow was the only one of the Big 3 on positive ground today. The great part about being at all-time highs is that even the smallest increase makes headlines. But the S&P couldn’t manage it. The index reached a new intra-day high, but spent most of the session slowly declining to the point where it actually lost 0.04% to 2929.67. It still rose 0.8% in the week. The laggard of the three major indices was again the NASDAQ. The index slumped by 0.51% on Friday to 7987, which actually isn’t that bad a performance when you consider that each of the FANG names were down by more than 1% today. It only slipped 0.3% for the week and is about 1.5% away from reaching its own new record. The big news of the week, of course, was the $200 billion in new tariffs that President Trump imposed on Chinese goods…at 10%! The market was expecting 25%, so these new tariffs ironically turned into a bullish event. The market took this news – along with a similarly watered-down retaliation from China – as a sign that the two sides can still work things out before these trade issues get really serious and can’t be shrugged off anymore. Today's Portfolio Highlights: Value Investor: The portfolio added three names on Friday as this bull market continues to charge ahead. But first, Tracey had to make some room...and cash in some nice returns! AMN Healthcare (AMN) was sold as demand for temporary medical staffing remains weak. It still brought a profit of 85.9%. The portfolio also sold Energy ETF (XLE) for a return of 12.5%. The three new buys today included: • Korn/Ferry (KFY) – the global consulting and staffing firm that reported another strong quarter earlier this month. • Mosaic (MOS) – a fertilizer company with shares that have quietly risen by 10% in the past month. • WesBanco (WSBC) – a community bank with a great management team that should do well in a rising rate environment. Learn a lot more about all of today’s moves in the complete commentary, along with the value fundamentals of the new buys. Counterstrike: Shares of DSW (DSW) hiked 20% after its strong report in late August, which included a positive earnings surprise of 34%. But this Zacks Rank #1 (Strong Buy) footwear and accessories retailer has recently come back down to earth and stabilized, providing Jeremy with an excellent opportunity to get involved. He added DSW on Friday with a 10% allocation. If the stock can get past $33, then the editor thinks it has a straight shot to approximately $39. Read the full write-up for more. TAZR Trader: The portfolio ended the week with a couple of buys. First up, a booming economy provides the perfect backdrop for a strong growth and value play in transportation. Ryder (R) is a fleet management company that’s known for its truck rentals. The stock pulled back under $75, and Kevin thinks it is poised to get back to where analysts are between $85 and $90. He added R today with a 7% allocation. The other buy was homebuilder PulteGroup (PHM), which is a Zacks Rank #1 (Strong Buy) with straight As in the Zacks Style Scores of Value, Growth and Momentum. Shares are off 20% from June highs and a major brokerage downgraded a bunch of homebuilders this morning. However, Kevin noticed that its chart is showing a descending wedge pattern, which suggests a climactic low and a reversal could be at hand. Plus, PHM’s rather muted response has the editor thinking the bad news is priced in. He added this name with a 7% allocation as well. Read the full write-up for more on both names. Surprise Trader: As promised, Dave was back on Friday with another addition to the portfolio…and its pretty boring. Food companies aren’t known for exciting the market, but they can beat expectations and make money like any other name. With that in mind, the editor added Conagra Brands (CAG) today with a 12.5% allocation. The company has a positive Earnings ESP of 0.34% for its next report on Thursday, September 27th before the bell. Analysts are looking for 49 cents on revenues of $1.85 billion. See the complete commentary for more. Insider Trader: The portfolio is now fully invested heading into earnings season after today’s addition of Bausch Health (BHC), which changed its name from Valeant earlier this year to get beyond an accounting scandal. Tracey says investors are scared to get back into this name, which she sees as a great opportunity. There’s no fear from the insiders, as the CFO, the CEO and a director each bought shares last week. BHC is in turnaround mode and is dirt cheap, despite being up 11.2% in the past month. The editor sees potential here, so she filled up the portfolio by putting the remaining cash (about 8.5%) into a BHC position. Read the complete commentary for more specifics. Have a Great Weekend! Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. 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