On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney discusses new meetings between trade representatives from the U.S. and Canada, as well as fresh testimony from social media industry leaders.
He also previews earnings from AeroVironment and Cloudera. Later, the host investigates what has happened to Snap Inc.
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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.
Trade representatives from the U.S. and Canada are meeting in Washington D.C. today as the neighbors hope to settle Nafta-related disputes. Topics on the table include auto tariffs, Canada’s closed dairy markets, and a dispute-resolution mechanism in the trade agreement. Many have said Canada’s cooperation is integral to implementing last week’s U.S-Mexico deal, so investors will have a close eye on this round of talks.
Meanwhile, executives from Twitter (
TWTR - Free Report) and Facebook ( FB - Free Report) are testifying in front of Congress today as lawmakers continue to sort out concerns over online privacy and content abuse. What role does our digital privacy play in our contemporary culture? What level of responsibility to internet companies have in ensuring truth and transparency? Expect the likes of Jack Dorsey and Sheryl Sandberg to field these questions, and many more, today.
Elsewhere, investors are also gearing up for earnings reports from drone maker AeroVironment (
AVAV - Free Report) and Cloudera ( CLDR - Free Report) this afternoon.
AeroVironment has generated significant momentum this year, and analysts expect another quarter of impressive growth metrics. On the other hand, Cloudera has struggled since its IPO and might be getting out-muscled by competitors.
Ryan previews these reports, and provides his perspective on the aforementioned news stories, on the first half of today’s show.
Later, he digs into Snap Inc. (
SNAP - Free Report) , which hit an all-time low in morning trading Wednesday. The Snapchat parent has been entirely lifeless this year, and although it hopes to rebound with new initiatives like an update to its Spectacles glasses, investors seem less than optimistic.
Snap is currently a Zacks Rank #3 (Hold) with mixed earnings estimate revision trends. Make sure to check out the second half of the show, where Ryan highlights these estimates, and the stock’s year-to-date performance!
Also, stick around for the end of the episode as the host fields questions on Bank OZK (
OZK - Free Report) , trade talks, and social media! Looking for Stocks with Skyrocketing Upside?
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