On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney discusses today’s stock selloff and recaps the latest news in President Trump’s ongoing trade saga with China. Later, the host checks in on the performance of the FANG group, focusing on the remarkable run of Netflix (
NFLX - Free Report) and Facebook ( FB - Free Report) over the past few months.
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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 moved sharply lower on Monday morning after fresh reports from the weekend suggested President Trump is ready to escalate his trade war with China even further.
The Wall Street Journal reported Sunday that Trump plans to block Chinese companies from making investments in American tech and wants to bar additional tech exports to China. This follows last week’s news that the president asked trade reps to draft a list of additional Chinese goods worth up to $200 billion to impose tariffs on.
Ryan highlights this news and explains how it is having an effect on American companies like Harley Davidson (
HOG - Free Report) on the first half of today’s show.
Later, Ryan digs into the FANG stocks—Facebook, Amazon (
AMZN - Free Report) , Netflix, and Google ( GOOGL - Free Report) —to see how the group has performed in recent months. Interestingly, he finds that Netflix and Facebook have significantly outperformed their pairs recently, so he takes a closer look at these stocks.
Make sure to check out the show to hear Ryan’s thoughts on why Netflix and Facebook have been leading the FANG group recently and what he thinks investors should expect to see next!
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