We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
China's Stock Market Rally & Earnings Previews for CAT, MCD, and LMT
Read MoreHide Full Article
On today’s episode of Free Lunch, Ryan McQueeney discusses a rally in the Chinese stock market and recent developments in the Italian budget crisis. He also recaps earnings results from Halliburton and Kimberly-Clark. Later, the host previews key reports due tomorrow morning, including those of Caterpillar, McDonald’s, and Lockheed Martin.
Free Lunch is presented by 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 were mixed in morning trading Monday despite a strong rally in China. After last week’s massive selloff in the world’s second-largest economy, stocks rallied on Monday thanks to stimulus promises from the Chinese government.
Notably, the Shanghai index added 4%, and the Hong Kong HIS surged 2.3%. This rebound was spurred by Beijing’s pledge to slash reduce taxes and fees by as much as 1% of the country’s GDP, which comes after China’s slowest quarter of GDP growth in about a decade.
Also in international markets, there was some progress made on the Italian budget crisis, with Italy’s populist government opting to forge along with its plan that does not meet EU regulations. Italy did promise to reduce its proposed deficit for next year slightly, but that deficit might not gain approval from officials this week. If not, Italy would have to hit the drawing board again in hopes of reaching a compromise that would still stimulate the poorest parts of its economy.
In earnings news, Halliburton (HAL - Free Report) topped estimates on the top and bottom line this morning, with quarterly revenue surging to $61.7 billion from just $5.44 billion in the year-ago period. Meanwhile, consumer products giant Kimberly-Clark (KMB - Free Report) saw earnings per share growth about 7% to reach $1.71 and exceed expectations.
Ryan covers all of these stories on the first half of today’s episode! Later, he previews three key companies—Caterpillar (CAT - Free Report) , McDonald’s (MCD - Free Report) , and Lockheed Martin (LMT - Free Report) —scheduled to report before the bell tomorrow.
To help investors prepare for these reports, Ryan touches on what our latest Zacks Consensus Estimates are calling for in terms of earnings and revenue growth. He also shows our popular Price & Consensus chart, which overlays a company’s share price performance and its consensus earnings outlook.
This chart is a great illustration of analyst and investor sentiment ahead of a report. Make sure to check out today’s episode for Ryan’s read on these trends ahead of earnings announcements from CAT, MCD, and LMT!
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
China's Stock Market Rally & Earnings Previews for CAT, MCD, and LMT
On today’s episode of Free Lunch, Ryan McQueeney discusses a rally in the Chinese stock market and recent developments in the Italian budget crisis. He also recaps earnings results from Halliburton and Kimberly-Clark. Later, the host previews key reports due tomorrow morning, including those of Caterpillar, McDonald’s, and Lockheed Martin.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is presented by 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 were mixed in morning trading Monday despite a strong rally in China. After last week’s massive selloff in the world’s second-largest economy, stocks rallied on Monday thanks to stimulus promises from the Chinese government.
Notably, the Shanghai index added 4%, and the Hong Kong HIS surged 2.3%. This rebound was spurred by Beijing’s pledge to slash reduce taxes and fees by as much as 1% of the country’s GDP, which comes after China’s slowest quarter of GDP growth in about a decade.
Also in international markets, there was some progress made on the Italian budget crisis, with Italy’s populist government opting to forge along with its plan that does not meet EU regulations. Italy did promise to reduce its proposed deficit for next year slightly, but that deficit might not gain approval from officials this week. If not, Italy would have to hit the drawing board again in hopes of reaching a compromise that would still stimulate the poorest parts of its economy.
In earnings news, Halliburton (HAL - Free Report) topped estimates on the top and bottom line this morning, with quarterly revenue surging to $61.7 billion from just $5.44 billion in the year-ago period. Meanwhile, consumer products giant Kimberly-Clark (KMB - Free Report) saw earnings per share growth about 7% to reach $1.71 and exceed expectations.
Ryan covers all of these stories on the first half of today’s episode! Later, he previews three key companies—Caterpillar (CAT - Free Report) , McDonald’s (MCD - Free Report) , and Lockheed Martin (LMT - Free Report) —scheduled to report before the bell tomorrow.
To help investors prepare for these reports, Ryan touches on what our latest Zacks Consensus Estimates are calling for in terms of earnings and revenue growth. He also shows our popular Price & Consensus chart, which overlays a company’s share price performance and its consensus earnings outlook.
This chart is a great illustration of analyst and investor sentiment ahead of a report. Make sure to check out today’s episode for Ryan’s read on these trends ahead of earnings announcements from CAT, MCD, and LMT!
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>>