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Semiconductor Selloff, iPhone Event, and FNKO & SNAP Drop | Free Lunch
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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney explores what is causing recent volatility in shares of Funko, Snap, and Micron. He also previews Apple’s iPhone reveal event due to start this afternoon. Later, the host highlights Wall Street’s attempt to call the end of the semiconductor cycle.
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.
The investment and technology world’s will both have their eyes set on Cupertino, California today as Apple (AAPL - Free Report) is set to hold its annual iPhone reveal event. It looks like it will be an “S year” for Apple, although rumors indicate that the company could be flipping the script a bit and announcing three new phones, including a more affordable option.
Besides that, Apple fans are gearing up for more information on the tech behemoth’s long-awaited wireless charging pad, a possible Apple Watch Series 4 announcement, and a new line of iPads which will use UCB-C instead of Lightning.
Elsewhere, shares of Micron (MU - Free Report) were dipping in morning trading once again after yet another analyst downgraded the stock and warned investors about a snowball effect as volatility mounts in the memory market.
Snap (SNAP - Free Report) shares were also feeling analyst pressure on Wednesday morning on the back of a bearish analyst note, while previously-red-hot IPO stock Funko (FNKO - Free Report) crashed as investors finally took some profits from the trendy collectibles maker.
Make sure to check out the first half of the show to hear Ryan recap these news stories and provide his own perspective on the headlines!
Also, stick around for the second half of today’s Free Lunch, as the host will be digging into the recent semiconductor selloff and answering questions from the audience.
Historically, semiconductors have been a cyclical industry, and although estimates are still calling for earnings growth over the next few quarters, Wall Street appears willing to predict the end of the current cycle ahead of time.
These cyclical fears have caused significant headwinds for popular chipmakers like Micron, Intel (INTC - Free Report) , and Texas Instruments (TXN - Free Report) . Moreover, they have also taken the wind out of the sails of chip equipment suppliers like Lam Research (LRCX - Free Report) and Applied Materials (AMAT - Free Report) .
On the second half of the show, Ryan digs into the latest price performances and earnings outlooks of these stocks in order to educate the conversation on the semiconductor selloff. Make sure to check it out if you are interested in the chip space!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Semiconductor Selloff, iPhone Event, and FNKO & SNAP Drop | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney explores what is causing recent volatility in shares of Funko, Snap, and Micron. He also previews Apple’s iPhone reveal event due to start this afternoon. Later, the host highlights Wall Street’s attempt to call the end of the semiconductor cycle.
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.
The investment and technology world’s will both have their eyes set on Cupertino, California today as Apple (AAPL - Free Report) is set to hold its annual iPhone reveal event. It looks like it will be an “S year” for Apple, although rumors indicate that the company could be flipping the script a bit and announcing three new phones, including a more affordable option.
Besides that, Apple fans are gearing up for more information on the tech behemoth’s long-awaited wireless charging pad, a possible Apple Watch Series 4 announcement, and a new line of iPads which will use UCB-C instead of Lightning.
Elsewhere, shares of Micron (MU - Free Report) were dipping in morning trading once again after yet another analyst downgraded the stock and warned investors about a snowball effect as volatility mounts in the memory market.
Snap (SNAP - Free Report) shares were also feeling analyst pressure on Wednesday morning on the back of a bearish analyst note, while previously-red-hot IPO stock Funko (FNKO - Free Report) crashed as investors finally took some profits from the trendy collectibles maker.
Make sure to check out the first half of the show to hear Ryan recap these news stories and provide his own perspective on the headlines!
Also, stick around for the second half of today’s Free Lunch, as the host will be digging into the recent semiconductor selloff and answering questions from the audience.
Historically, semiconductors have been a cyclical industry, and although estimates are still calling for earnings growth over the next few quarters, Wall Street appears willing to predict the end of the current cycle ahead of time.
These cyclical fears have caused significant headwinds for popular chipmakers like Micron, Intel (INTC - Free Report) , and Texas Instruments (TXN - Free Report) . Moreover, they have also taken the wind out of the sails of chip equipment suppliers like Lam Research (LRCX - Free Report) and Applied Materials (AMAT - Free Report) .
On the second half of the show, Ryan digs into the latest price performances and earnings outlooks of these stocks in order to educate the conversation on the semiconductor selloff. Make sure to check it out if you are interested in the chip space!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>