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Bitcoin, Tesla, Trump-Kim Meeting, & Earnings from RH and PLAY | Free Lunch

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the Trump-Kim meeting and highlights the latest news moving Tesla (TSLA - Free Report) and bitcoin. Later in the show, Ryan is joined by Zacks Strategist Dave Bartosiak to discuss new earnings reports from Restoration Hardware (RH - Free Report) and Dave & Buster’s (PLAY - Free Report) .

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Free Lunch is the newest 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.

U.S. stocks opened higher Tuesday after President Donald Trump and North Korean leader Kim Jung Un signed an historic agreement aimed at establishing a “peace regime” on the Korean peninsula. While short on details, the agreement is a sign that this week’s Singapore summit went well, so Ryan expresses some optimism while recapping the headlines coming out of the meeting.

Elsewhere, Tesla shares moved higher in morning trading after analysts from KeyBanc Capital raised their Q2 Model 3 delivery estimate. KeyBanc said that its talks with Tesla dealers reflected a bullish delivery outlook—a positive sign for Tesla after what has been a rollercoaster last few weeks.

Ryan also highlights the latest news affecting the cryptocurrency market, with weekend volatility that affected bitcoin, Ethereum, Litecoin, and many more major cryptos extending into Tuesday morning. This week’s selling comes in the wake of another major cyberattack. Ryan fills investors in on the key details on today’s show.

Finally, Ryan is joined by Zacks Strategist Dave Bartosiak to discuss Restoration Hardware and Dave & Buster’s. Both stocks were soaring at the open Tuesday after reporting solid results on Monday afternoon, creating some earnings excitement among investors during an otherwise quiet period for reports.

Ryan and Dave chat about the specifics of each report and reflect on what was an interesting Q1 season throughout many industries. Make sure to check out the show to hear more!

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