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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney touches on today’s mixed news related to Tesla and Pepsi’s acquisition of SodaStream. He also investigates the recent momentum of popular cannabis stocks like Canopy Growth, Cronos Group, and Tilray. Later, the host previews upcoming earnings reports from the retail sector.
Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Tesla (TSLA - Free Report) shares were down at the open today as analysts from JPMorgan cut their price target for the stock to $198 from $308. The $308 call had actually come shortly after Elon Musk’s recent tweets about taking the company private, but JPMorgan now says it no longer believes funding for the deal has been secured—nor has any formal offer been made.
Still, Tesla investors were happy to hear the notion that the electric car company could be targeting lower price points for its cars, as Musk mentioned to internet star Marques Brownlee in a recent interview.
Also this morning, Wall Street reacted to the news that PepsiCo (PEP - Free Report) is set to buy SodaStream for $3.2 billion. The beverage and snack behemoth will pay $144 per share in cash for the in-home drink maker, which gives it a direct play in the home beverage market—a rare business where it currently has little exposure.
Another major market story today was the steep gains in cannabis stocks like Cronos Group (CRON - Free Report) , Canopy Growth (CGC - Free Report) , and Tilray (TLRY - Free Report) . This morning’s pot-stock gains extend a very recent uptrend in this industry as more investors pile in to Canadian marijuana companies.
Ryan discusses of these news stories, providing investors with the key facts they need to know and giving his unique perspective on the headlines—all on the first half of today’s show.
Later, the host previews this week’s top retail earnings reports from the likes of TJX Companies (TJX - Free Report) , Kohl’s (KSS - Free Report) , and Urban Outfitters (URBN - Free Report) .
Each of these retailers has their own unique story to tell as the sector continues to adapt and evolve, but each of them are also generating deserved buzz ahead of their reports on Tuesday. Whereas TJX and Kohl’s might underscore a trend toward value shopping, Urban Outfitters likely highlights the growing spending power of Millennials and Gen Z.
To get investors prepared for these reports, Ryan dives into the latest earnings estimates, share price momentum, and historical results for TJX, Kohl’s, and Urban. He also fields questions from the audience about retail, tariffs, and more.
Make sure to check out the show to hear it all!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Pot Stocks, Tesla, Pepsi Buys SodaStream, & Retail Earnings | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney touches on today’s mixed news related to Tesla and Pepsi’s acquisition of SodaStream. He also investigates the recent momentum of popular cannabis stocks like Canopy Growth, Cronos Group, and Tilray. Later, the host previews upcoming earnings reports from the retail sector.
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Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Tesla (TSLA - Free Report) shares were down at the open today as analysts from JPMorgan cut their price target for the stock to $198 from $308. The $308 call had actually come shortly after Elon Musk’s recent tweets about taking the company private, but JPMorgan now says it no longer believes funding for the deal has been secured—nor has any formal offer been made.
Still, Tesla investors were happy to hear the notion that the electric car company could be targeting lower price points for its cars, as Musk mentioned to internet star Marques Brownlee in a recent interview.
Also this morning, Wall Street reacted to the news that PepsiCo (PEP - Free Report) is set to buy SodaStream for $3.2 billion. The beverage and snack behemoth will pay $144 per share in cash for the in-home drink maker, which gives it a direct play in the home beverage market—a rare business where it currently has little exposure.
Another major market story today was the steep gains in cannabis stocks like Cronos Group (CRON - Free Report) , Canopy Growth (CGC - Free Report) , and Tilray (TLRY - Free Report) . This morning’s pot-stock gains extend a very recent uptrend in this industry as more investors pile in to Canadian marijuana companies.
Ryan discusses of these news stories, providing investors with the key facts they need to know and giving his unique perspective on the headlines—all on the first half of today’s show.
Later, the host previews this week’s top retail earnings reports from the likes of TJX Companies (TJX - Free Report) , Kohl’s (KSS - Free Report) , and Urban Outfitters (URBN - Free Report) .
Each of these retailers has their own unique story to tell as the sector continues to adapt and evolve, but each of them are also generating deserved buzz ahead of their reports on Tuesday. Whereas TJX and Kohl’s might underscore a trend toward value shopping, Urban Outfitters likely highlights the growing spending power of Millennials and Gen Z.
To get investors prepared for these reports, Ryan dives into the latest earnings estimates, share price momentum, and historical results for TJX, Kohl’s, and Urban. He also fields questions from the audience about retail, tariffs, and more.
Make sure to check out the show to hear it all!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>