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Why Stocks Opened Lower & JD.com and Google Made Headlines | Free Lunch

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s trading activity, touching on the latest trade war news and why it is impacting major indexes like the Dow. Later, the host explains the new partnership between JD.com (JD - Free Report) and Google (GOOGL - Free Report) and what it could mean for the Chinese e-commerce company’s future.

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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.

Stocks opened lower on Monday after another trade spat between the U.S. and China created fresh timidity over the weekend. Citing intellectual property concerns, among other things, the Trump administration slapped new tariffs on billions of dollar worth of Chinese goods—a move that was met almost immediately by retaliation.

Now, with Chinese tariffs set to go into effect in early July, investors are concerned that the tit-for-tat trade dispute might actually get in the way of global economic growth. Add this uncertainty to the trade disagreements that President Trump and the U.S. has had with allied nations in recent weeks, and it is easy to see why some investors have decided to sit things out for now.

Ryan touches on all of these concerns and provides his perspective on the news in the first half of today’s show.

Later, he highlights JD.com, a major Chinese e-commerce company which just announced a partnership with—and investment from—search engine behemoth Google.

The deal is a part of JD’s broader missing to expand into new markets, including Southeast Asia and Europe. Ryan explains why these regions are key battlegrounds in JD’s fight with Amazon (AMZN - Free Report) and Alibaba (BABA - Free Report) —two larger competitors which might otherwise have an advantage.

JD is also hoping the agreement will invigorate analysts and investors who grew skeptical after the stock crashed from its 52-week highs, so Ryan digs into the company’s latest key charts to provide additional insight.

Make sure to check out the show to hear more!

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