On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney discusses President Trump’s decision to walk back some of his rhetoric regarding Chinese investments in U.S. technology companies. He also touches on the latest Consumer Confidence report and highlights World Wrestling Entertainment (
WWE - Free Report) stock on the back of its new TV deals.
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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 looked to keep rebounding from Monday’s selloff today as President Trump decided against a full-scale crackdown on Chinese investments in U.S. technology companies. Instead, POTUS will look to expand the power of the Committee on Foreign Investment in the United States.
This move was seen has the less-harsh option and will depend on Congress passing a bill to give the committee more force. Ryan recaps this news and explains what it could mean in relation to the ongoing trade drama between the U.S. and China.
The host also chats about the latest Consumer Confidence report, which saw the forward-looking gauge slip for the month of June. Consumers are certainly not troubled about the economy right now, but Ryan did speculate as to why confidence might be slipping as of late.
Finally, Ryan digs into the latest news and outlook for World Wrestling Entertainment. Shares of WWE gained in morning trading after the company inked larger-than-expected TV licensing deals for its flagship weekly shows.
st Century Fox and Comcast ( CMCSA - Free Report) shelled out a ton of money for these TV rights, which might surprise investors who are not familiar with the sports entertainment company. Luckily, Ryan is a huge wrestling fan and was able to provide some perspective on why WWE is more valuable than ever.
He also dug into the latest analyst sentiment surrounding the company and examined its price performance to give investors a look at everything they need to know about WWE right now. Make sure to check out the show to hear more!
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