Well, the market isn’t panicking about two of President Trump’s former associates going to jail. In fact, it doesn’t seem too concerned at all. The winning streaks for two of the major indices did come to an end today, but there were no dramatic selloffs and the NASDAQ continued to advance. The tech-heavy index was lagging its counterparts during the recent four-day rally, but today it stands alone with a 5-day winning run. It gained 0.38% today to 7889.1, thanks in part to a positive session for the FANGs. The S&P briefly hit a new all-time high yesterday…and it's still just a little more than 10 points from getting back there. It was only down 0.04% to 2861.8. The Dow has been enjoying a tide of positive trade news of late that saw it gain 1.4% last week, but today it slipped 0.34% to 25,733.6. Meanwhile, the small cap Russell 2000 continues to make new highs with an advance of 0.26% to 1722.5. So the convictions of Paul Manafort and the plea deal of Michael Cohen yesterday made a lot of noise in the media, but not that much in the market today. The main concern for stocks continues to be trade. Right now, the U.S. is holding separate discussions with Mexico and China. The talks with our southern neighbor appears to be going rather well with the possibly of something being announced as soon as tomorrow. The outlook for deliberations with China are much cloudier, especially with $16 billion worth of tariffs scheduled to go into effect on Chinese goods this week. However, hope springs eternal! Today's Portfolio Highlights: Counterstrike: The market is moving slowly upward to new highs, and Jeremy thinks it will continue to be rather quiet out there until summer officially ends after Labor Day. It’s the perfect time to take some profits! The editor has been talking about it for a while and today he made it happen. Here are the moves: • Sold half of iRobot (IRBT) for a 30% return in less than a month • Sold a third of RH (RH) for a 17.7% profit in about 5 weeks • Sold all of DocuSign (DOCU) for a 17.7% gain in under 2 months Both RH and DOCU are reporting on September 5. Learn more about these moves and more in the complete commentary. Surprise Trader: Retailers are the last big chunk to report earnings, so Dave obviously wants some exposure to next week’s reports. Enter Dick’s Sporting Goods (DKS), which looks set up for a strong report before the bell next Wednesday. The company has a slightly positive Earnings ESP, but the editor is really encouraged that consumers have more money these days to spend on World Cup and LeBron James jerseys. He added DKS on Wednesday with a 12.5% allocation. Read the full write-up for more. Healthcare Innovators: The diabetes business at medical technology powerhouse Medtronic (MDT) was better than analysts expected and led to a nice pop in the stock. However, the overall outlook is not being praised by Wall Street, so Kevin thought this was a good time to say goodbye to a holding that’s been around for more than a year. He stayed patient throughout a long double bottom and can exit MDT today with a more than 13.5% return. But he wasn’t done... The editor is returning to Edwards Lifesciences (EW), which made 48% for the portfolio last year. The company is actually a competitor of MDT in TAVR (transcatheter aortic valve replacement) technology. Kevin agrees with the bullish analysts who like its upcoming pipeline products and believe its transcatheter mitral valve is a significant catalyst for the future. Learn more about today’s moves in the complete commentary. Options Trader: "After the S&P officially became the longest bull market ever at 9 years and 5 months (even though plenty believe it’s only the second longest with the longest being 12 years and 4 months), the markets traded within a relatively narrow range. But I’m expecting stocks to resume their winning ways asap. "As I mentioned yesterday, with a record economy, along with record employment, record corporate profits, and record consumer sentiment, due to record tax cuts, and record deregulation, I’m feeling pretty good that we’ll see this bull market set an even bigger record. We’re still waiting on any piece of news from the WH regarding trade talk progress. "Traders are expecting to hear some good news regarding our trade talks with Mexico, and something regarding our talks with China which began today. Optimism over trade negotiations lifted stocks last week and the market is primed to go higher this week on any piece of good news that’s forthcoming." -- Kevin Matras All the Best, 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. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >> Zacks Investment Research