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Why Amazon Is a Strong Buy, Nvidia GPUs, & More Stock News | Free Lunch
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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top stock market news, including Nvidia’s latest product announcements, headline volatility in the brokerage space, and retail earnings reports.
Later, he explains why e-commerce behemoth Amazon is a strong buy stock right now.
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.
U.S. stocks opened higher on Tuesday, but many tech-focused investors were focused not on Wall Street, but on Cologne, Germany—the home of the annual Gamescom video game conference. Yesterday, Nvidia (NVDA - Free Report) wowed Gamescom crowds with demonstrations of its new RTX gaming GPUs, which will feature the graphics company’s revolutionary new ray tracing technology.
Investors were also keeping a close eye on the brokerage industry today as companies like TD Ameritrade (AMTD - Free Report) and E-Trade saw headline volatility as banking behemoth JPMorgan (JPM - Free Report) unveiled its new You Invest app, a Robinhood competitor which offers free and discounted trading.
Meanwhile, Wall Street was also digesting earnings results from the retail sector, including reports from the likes of TJX Companies (TJX - Free Report) and Kohl’s (KSS - Free Report) . There were sizeable beats on the top and bottom lines for both companies, although initial reactions to the reports varied.
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.
On the second half of the show, Ryan highlights e-commerce behemoth Amazon (AMZN - Free Report) , which is currently sporting a Zacks Rank #1 (Strong Buy).
To explain why Amazon holds this top designation, Ryan first explains the Zacks Rank, a stock-picking model based on earnings estimates and estimate revisions. The Zacks Rank looks at four factors related to earnings and estimate revisions—Agreement, Magnitude, Upside and Surprise—and Ryan investigates the latest Amazon data for each of these.
He also suggests that investors might be interested in the stock for other reasons, including its remarkable momentum over the past year, its improving margins, and budding businesses like Amazon Web Services and Prime Video.
Interested in Amazon stock? You won’t want to miss this episode of Free Lunch!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Why Amazon Is a Strong Buy, Nvidia GPUs, & More Stock News | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top stock market news, including Nvidia’s latest product announcements, headline volatility in the brokerage space, and retail earnings reports.
Later, he explains why e-commerce behemoth Amazon is a strong buy stock right now.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
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.
U.S. stocks opened higher on Tuesday, but many tech-focused investors were focused not on Wall Street, but on Cologne, Germany—the home of the annual Gamescom video game conference. Yesterday, Nvidia (NVDA - Free Report) wowed Gamescom crowds with demonstrations of its new RTX gaming GPUs, which will feature the graphics company’s revolutionary new ray tracing technology.
Investors were also keeping a close eye on the brokerage industry today as companies like TD Ameritrade (AMTD - Free Report) and E-Trade saw headline volatility as banking behemoth JPMorgan (JPM - Free Report) unveiled its new You Invest app, a Robinhood competitor which offers free and discounted trading.
Meanwhile, Wall Street was also digesting earnings results from the retail sector, including reports from the likes of TJX Companies (TJX - Free Report) and Kohl’s (KSS - Free Report) . There were sizeable beats on the top and bottom lines for both companies, although initial reactions to the reports varied.
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.
On the second half of the show, Ryan highlights e-commerce behemoth Amazon (AMZN - Free Report) , which is currently sporting a Zacks Rank #1 (Strong Buy).
To explain why Amazon holds this top designation, Ryan first explains the Zacks Rank, a stock-picking model based on earnings estimates and estimate revisions. The Zacks Rank looks at four factors related to earnings and estimate revisions—Agreement, Magnitude, Upside and Surprise—and Ryan investigates the latest Amazon data for each of these.
He also suggests that investors might be interested in the stock for other reasons, including its remarkable momentum over the past year, its improving margins, and budding businesses like Amazon Web Services and Prime Video.
Interested in Amazon stock? You won’t want to miss this episode of Free Lunch!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>