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Oil Prices and Energy Stocks, & Earnings From TGT, TIF, RL | Free Lunch

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On today’s episode of Free Lunch, Ryan McQueeney is joined by Zacks Strategist Tracey Ryniec to discuss the latest breaking market news, including fresh earnings reports from Tiffany & Co. (TIF - Free Report) , Ralph Lauren (RL - Free Report) , and Target (TGT - Free Report) . Later, the pair chat about oil prices and highlight which energy stocks the insiders have been buying lately.

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Free Lunch is a brand new 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.

Ryan and Tracey started today’s episode by touching on luxury retail and apparel stocks Tiffany & Co. and Ralph Lauren, which both soared in early-morning trading after posting strong earnings results. These reports clearly surprised investors, but do they point to a larger bullish trend for high-end consumer goods makers? Ryan and Tracey attempt to answer this very question.

Next, the pair chat about Target’s latest earnings report. The big-box retail giant opened lower after missing EPS estimates and posting sluggish comps growth. Still, Target saw solid improvement in its digital channels—a key factor for the company going forward. Ryan and Tracey debate the key takeaways from Target’s new report.

Finally, these Zacks experts wrap up today’s show by putting the spotlight on the energy sector. Oil prices have soared about 40% over the past year and now sit above the profitable $70 per barrel level. What’s more, Tracey has seen huge gains from several energy stocks—including Nine Energy Service (NINE - Free Report) and Lonestar (LONE - Free Report) —in the Insider Trader portfolio.

Check out today’s episode to find out when and why the insiders were buying energy stocks, and what investors should be looking for from the sector throughout the remainder of 2018!

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