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What We Learned From GOOGL, Tech Earnings & Disney Report Preview
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On today’s episode of Free Lunch, Ryan McQueeney previews Disney’s earnings report and chats with Dave Bartosiak about the lessons we learned from Alphabet, Apple, and other major tech earnings. Before that, he highlights the State of the Union and recaps results from BP & Ralph Lauren.
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, Twitter, and other major streaming platforms.
Tuesday marks another busy day for Wall Street, as investors gear up for tonight’s State of the Union address while also reading and preparing for the day’s marquee earnings reports.
The biggest earnings news this morning was actually delivered by Alphabet (GOOGL - Free Report) on Monday afternoon. The Google parent company delivered better-than-expected adjusted profits and revenue. Its core advertising business grew roughly 13%, and the segment including cloud and hardware revenue surged more than 30%. However, investors raised an eyebrow at Alphabet’s spending, which essentially doubled from the year-ago period as Google invested in its growth businesses.
Other earnings reports grabbing headlines this morning were BP (BP - Free Report) and Ralph Lauren (RL - Free Report) . For BP, the story was largely positive. The oil behemoth crushed estimates, underscoring the strength of its upstream business as well as the growth of its downstream unit. Ralph Lauren also impressed. Comparable sales at the designer and retailer were up 4%, and management lifted its full-year sales guidance. Both stocks were in the green in Tuesday morning trading.
The earnings attention will now shift to Disney (DIS - Free Report) , which is set to report after the bell today. On the first half of today’s Free Lunch, Ryan recaps all of the earnings news that has emerged already AND previews Disney’s upcoming report. Want to know more about Disney’s earnings history and which way its estimates have been moving in the run up to today’s announcement? Make sure to check out today’s episode!
But don’t leave too quickly, as the second half of today’s Free Lunch is also packed with important analysis. Ryan is joined by Zacks Strategist Dave Bartosiak, who adds his perspective on Alphabet’s report and the rest of the tech sector in the wake of Q4 earnings season.
To do this, Dave looks at price charts for Alphabet, Apple (AAPL - Free Report) , and some major indexes. Using key indicators such as the 50-day and 200-day moving averages, Dave explains that key stocks are at an important impasse right now. Better-than-feared reports have helped lift shares toward decisive lines of support and resistance, and the next few trading sessions will determine whether new trends will develop.
Dave also fields a question from the audience related to his view on the market for 2019. Dave suggests that as concerns about the Fed and trade tensions quiet down, stocks should continue to benefit. However, the rebound from December’s selling won’t last forever, and investors should be prepared for uncertainty in the second half of the year, according to Dave.
Want to hear more technical and fundamental analysis from Dave? Check out today’s episode of Free Lunch!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
What We Learned From GOOGL, Tech Earnings & Disney Report Preview
On today’s episode of Free Lunch, Ryan McQueeney previews Disney’s earnings report and chats with Dave Bartosiak about the lessons we learned from Alphabet, Apple, and other major tech earnings. Before that, he highlights the State of the Union and recaps results from BP & Ralph Lauren.
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, Twitter, and other major streaming platforms.
Tuesday marks another busy day for Wall Street, as investors gear up for tonight’s State of the Union address while also reading and preparing for the day’s marquee earnings reports.
The biggest earnings news this morning was actually delivered by Alphabet (GOOGL - Free Report) on Monday afternoon. The Google parent company delivered better-than-expected adjusted profits and revenue. Its core advertising business grew roughly 13%, and the segment including cloud and hardware revenue surged more than 30%. However, investors raised an eyebrow at Alphabet’s spending, which essentially doubled from the year-ago period as Google invested in its growth businesses.
Other earnings reports grabbing headlines this morning were BP (BP - Free Report) and Ralph Lauren (RL - Free Report) . For BP, the story was largely positive. The oil behemoth crushed estimates, underscoring the strength of its upstream business as well as the growth of its downstream unit. Ralph Lauren also impressed. Comparable sales at the designer and retailer were up 4%, and management lifted its full-year sales guidance. Both stocks were in the green in Tuesday morning trading.
The earnings attention will now shift to Disney (DIS - Free Report) , which is set to report after the bell today. On the first half of today’s Free Lunch, Ryan recaps all of the earnings news that has emerged already AND previews Disney’s upcoming report. Want to know more about Disney’s earnings history and which way its estimates have been moving in the run up to today’s announcement? Make sure to check out today’s episode!
But don’t leave too quickly, as the second half of today’s Free Lunch is also packed with important analysis. Ryan is joined by Zacks Strategist Dave Bartosiak, who adds his perspective on Alphabet’s report and the rest of the tech sector in the wake of Q4 earnings season.
To do this, Dave looks at price charts for Alphabet, Apple (AAPL - Free Report) , and some major indexes. Using key indicators such as the 50-day and 200-day moving averages, Dave explains that key stocks are at an important impasse right now. Better-than-feared reports have helped lift shares toward decisive lines of support and resistance, and the next few trading sessions will determine whether new trends will develop.
Dave also fields a question from the audience related to his view on the market for 2019. Dave suggests that as concerns about the Fed and trade tensions quiet down, stocks should continue to benefit. However, the rebound from December’s selling won’t last forever, and investors should be prepared for uncertainty in the second half of the year, according to Dave.
Want to hear more technical and fundamental analysis from Dave? Check out today’s episode of Free Lunch!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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