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Should You Buy Caterpillar? & Trump News, Bull Market Celebration | Free Lunch
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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney celebrates the historic bull market and recaps yesterday’s dramatic legal day for Trump associates. He also puts the spotlight on earnings reports from Urban Outfitters and Target. Later, he digs into the fundamentals behind Caterpillar stock.
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.
Wednesday marks a historic day for the stock market, as U.S. indexes celebrate what many consider to be the longest bull run in history. Some investors actually consider a stretch from 1987 to 2000 to be the longest such run, while those celebrating today believe that bull market was interrupted in 1990. Either way, today is just another reminder that, despite recent trade war volatility, markets are generally healthy.
In other news, investors were reminded of ongoing political drama yesterday as two Trump associates—former campaign chair Paul Manafort and former personal lawyer Michael Cohen—saw their legal situations escalate. Manafort was found guilty of tax evasion and bank fraud, while Cohen reached a plea agreement on tax evasion and campaign finance violation charges.
Its Cohen’s guilty plea that could spell bad news for Trump personally, as Cohen’s lawyer said his client would cooperate with authorities and could show that the president directed Cohen to make payments to women who supposedly had dirt on him.
But Wall Street shrugged off potential White House chaos as solid earnings reports kept filing in. Notably, Urban Outfitters (URBN - Free Report) topped estimates on the back of 13% comps growth, while big-box retailer Target (TGT - Free Report) saw its continued rejuvenation efforts pay off with another better-than-expected quarter.
Ryan discusses of these news stories, providing investors with the key facts they need to know and giving his unique perspective on the headlines—all on the first half of today’s show.
Later, the host highlights construction equipment giant Caterpillar (CAT - Free Report) , which is currently holding a Zacks Rank #1 (Strong Buy).
Ryan reminds viewers of his lesson on the Zacks Rank, highlighting the important of earnings estimates and positive estimate revisions. The Zacks Rank looks at four factors related to earnings and estimate revisions—Agreement, Magnitude, Upside and Surprise—so Ryan digs into the latest data from Caterpillar on each of these.
He also highlights a few other reasons why investors might be interested in Caterpillar right now, such as its relatively low P/E ratio and a unique buy-on-the-dip opportunity. Curious about Caterpillar stock right now? You won’t want to miss this episode of Free Lunch!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Should You Buy Caterpillar? & Trump News, Bull Market Celebration | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney celebrates the historic bull market and recaps yesterday’s dramatic legal day for Trump associates. He also puts the spotlight on earnings reports from Urban Outfitters and Target. Later, he digs into the fundamentals behind Caterpillar stock.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
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.
Wednesday marks a historic day for the stock market, as U.S. indexes celebrate what many consider to be the longest bull run in history. Some investors actually consider a stretch from 1987 to 2000 to be the longest such run, while those celebrating today believe that bull market was interrupted in 1990. Either way, today is just another reminder that, despite recent trade war volatility, markets are generally healthy.
In other news, investors were reminded of ongoing political drama yesterday as two Trump associates—former campaign chair Paul Manafort and former personal lawyer Michael Cohen—saw their legal situations escalate. Manafort was found guilty of tax evasion and bank fraud, while Cohen reached a plea agreement on tax evasion and campaign finance violation charges.
Its Cohen’s guilty plea that could spell bad news for Trump personally, as Cohen’s lawyer said his client would cooperate with authorities and could show that the president directed Cohen to make payments to women who supposedly had dirt on him.
But Wall Street shrugged off potential White House chaos as solid earnings reports kept filing in. Notably, Urban Outfitters (URBN - Free Report) topped estimates on the back of 13% comps growth, while big-box retailer Target (TGT - Free Report) saw its continued rejuvenation efforts pay off with another better-than-expected quarter.
Ryan discusses of these news stories, providing investors with the key facts they need to know and giving his unique perspective on the headlines—all on the first half of today’s show.
Later, the host highlights construction equipment giant Caterpillar (CAT - Free Report) , which is currently holding a Zacks Rank #1 (Strong Buy).
Ryan reminds viewers of his lesson on the Zacks Rank, highlighting the important of earnings estimates and positive estimate revisions. The Zacks Rank looks at four factors related to earnings and estimate revisions—Agreement, Magnitude, Upside and Surprise—so Ryan digs into the latest data from Caterpillar on each of these.
He also highlights a few other reasons why investors might be interested in Caterpillar right now, such as its relatively low P/E ratio and a unique buy-on-the-dip opportunity. Curious about Caterpillar stock right now? You won’t want to miss this episode of Free Lunch!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>