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.
The Fed, G20 Talks Create Blueprint for Stock Market Rebound
Read MoreHide Full Article
On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss the Fed’s dovish turn, historic Cyber Monday sales, earnings from Salesforce and Dick’s Sporting Goods, and what to expect from the G20 summit.
Make sure to subscribe and leave the show a rating on Apple Podcasts!
It has been another busy week in global markets, as U.S. stocks on Wednesday posted their best trading session in eight months following Fed chair Jerome Powell’s latest speech. Powell said that interest rates were just below the central bank’s target, which was interpreted as a dovish turn from the “long way off” sentiment he had shared just months ago.
This news followed reports that the Turkey 5—an Amazon-coined term for the shopping holiday from Thanksgiving through Cyber Monday—witnessed historic sales. Amazon (AMZN - Free Report) actually announced that Cyber Monday itself was the single busiest shopping day in the company’s history, while retail trade organization and data firms confirmed that the shopping holidays broke records throughout the industry.
A few solid earnings reports, including that of Salesforce (CRM - Free Report) kept this positive momentum going. The cloud software giant this week comfortably surpassed earnings estimates and raised its full-year guidance, breathing fresh life into popular tech growth stocks. Earnings were mixed for retailer Dick’s Sporting Goods (DKS - Free Report) , however. Dick’s managed to beat bottom-line estimates and raise its outlook, but total revenue and comps disappointed investors.
Now, Wall Street’s attention will turn to the G20 summit in Buenos Aires, where U.S. President Trump and Chinese leader Xi will meet to discuss trade tensions between the two nations. The stakes are high for the Trump-Xi meeting, as investors have clearly declared their desire for progress to be made on ending the trade war.
Did these trade tensions cause the Fed to turn dovish? Can holiday sales continue to beat expectations? Will Trump and Xi find something to agree on? Maddy and Ryan explore all of these questions, and more, only on this week’s episode of Friday Finish Line!
If you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on Apple Podcasts.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
Image: Bigstock
The Fed, G20 Talks Create Blueprint for Stock Market Rebound
On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss the Fed’s dovish turn, historic Cyber Monday sales, earnings from Salesforce and Dick’s Sporting Goods, and what to expect from the G20 summit.
Make sure to subscribe and leave the show a rating on Apple Podcasts!
It has been another busy week in global markets, as U.S. stocks on Wednesday posted their best trading session in eight months following Fed chair Jerome Powell’s latest speech. Powell said that interest rates were just below the central bank’s target, which was interpreted as a dovish turn from the “long way off” sentiment he had shared just months ago.
This news followed reports that the Turkey 5—an Amazon-coined term for the shopping holiday from Thanksgiving through Cyber Monday—witnessed historic sales. Amazon (AMZN - Free Report) actually announced that Cyber Monday itself was the single busiest shopping day in the company’s history, while retail trade organization and data firms confirmed that the shopping holidays broke records throughout the industry.
A few solid earnings reports, including that of Salesforce (CRM - Free Report) kept this positive momentum going. The cloud software giant this week comfortably surpassed earnings estimates and raised its full-year guidance, breathing fresh life into popular tech growth stocks. Earnings were mixed for retailer Dick’s Sporting Goods (DKS - Free Report) , however. Dick’s managed to beat bottom-line estimates and raise its outlook, but total revenue and comps disappointed investors.
Now, Wall Street’s attention will turn to the G20 summit in Buenos Aires, where U.S. President Trump and Chinese leader Xi will meet to discuss trade tensions between the two nations. The stakes are high for the Trump-Xi meeting, as investors have clearly declared their desire for progress to be made on ending the trade war.
Did these trade tensions cause the Fed to turn dovish? Can holiday sales continue to beat expectations? Will Trump and Xi find something to agree on? Maddy and Ryan explore all of these questions, and more, only on this week’s episode of Friday Finish Line!
If you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on Apple Podcasts.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>