On the final ever episode of Free Lunch, Ryan McQueeney discusses the merger of SunTrust and BB&T as well as earnings results from Chipotle, Twitter, Dunkin’, and Philip Morris. Later, he is joined by Dave Bartosiak, who provides a technical explanation for today’s stock pullback.
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.
Stocks were lower on Thursday morning as Wall Street digested a ton of fresh news impacting the market.
There was a big headline in the finance sector, as regional banking giants BB&T and SunTrust (STI - Free Report) announced that they had agreed to a 57%/43% all-stock merger valued at $66 billion. The deal would create the sixth-largest U.S. financial institution if it passes through regulatory authorities.
Thursday also saw the release of several notable earnings reports. Twitter , Dunkin’ , and Philip Morris (PM - Free Report) all filed their latest results in the morning, and each received mixed reactions. Twitter’s guidance was light and Dunkin’ saw flat comps as it ushered in new espresso drinks, while Philip Morris impressed despite slumping earnings and revenue.
Wall Street was also continuing to digest Chipotle’s (CMG - Free Report) , which was released Wednesday afternoon. The fast-casual Mexican chain topped earnings and revenue expectations, with higher menu prices lifting comps by an impressive 6.1%. Management also guided for strong comps throughout 2019, sending CMG shares higher today.
However, major indexes pulled back sharply in morning trading. This was likely a result of two key factors. First, these indexes approached their 200-day moving averages and were unable to break higher, leaving them in a “no-man’s land” of sort. This was exacerbated on Thursday after White House economic advisor Larry Kudlow said that the U.S. and China were still far apart on a trade deal.
Want to hear more about all of these stories? Check out today’s Free Lunch to hear Ryan and Dave discuss the headlines—it’s the last episode of the show ever!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
On the final ever episode of Free Lunch, Ryan McQueeney discusses the merger of SunTrust and BB&T as well as earnings results from Chipotle, Twitter, Dunkin’, and Philip Morris. Later, he is joined by Dave Bartosiak, who provides a technical explanation for today’s stock pullback.
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.
Stocks were lower on Thursday morning as Wall Street digested a ton of fresh news impacting the market.
There was a big headline in the finance sector, as regional banking giants BB&T and SunTrust (STI - Free Report) announced that they had agreed to a 57%/43% all-stock merger valued at $66 billion. The deal would create the sixth-largest U.S. financial institution if it passes through regulatory authorities.
Thursday also saw the release of several notable earnings reports. Twitter , Dunkin’ , and Philip Morris (PM - Free Report) all filed their latest results in the morning, and each received mixed reactions. Twitter’s guidance was light and Dunkin’ saw flat comps as it ushered in new espresso drinks, while Philip Morris impressed despite slumping earnings and revenue.
Wall Street was also continuing to digest Chipotle’s (CMG - Free Report) , which was released Wednesday afternoon. The fast-casual Mexican chain topped earnings and revenue expectations, with higher menu prices lifting comps by an impressive 6.1%. Management also guided for strong comps throughout 2019, sending CMG shares higher today.
However, major indexes pulled back sharply in morning trading. This was likely a result of two key factors. First, these indexes approached their 200-day moving averages and were unable to break higher, leaving them in a “no-man’s land” of sort. This was exacerbated on Thursday after White House economic advisor Larry Kudlow said that the U.S. and China were still far apart on a trade deal.
Want to hear more about all of these stories? Check out today’s Free Lunch to hear Ryan and Dave discuss the headlines—it’s the last episode of the show ever!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on CMG - FREE
Get the latest research report on STI - FREE
Get the latest research report on PM - FREE