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Is Square a FANG Stock? & Wall Street Eyes Busy Day in Congress | Free Lunch

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the latest Fox-Comcast-Sky news and analyst sentiment for GoPro. He also explains why the next few days of activity in Congress will be consequential for investors. Later, he investigates Square’s red-hot momentum and considers whether the stock should be in the same conversation as the FANGs.

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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.

Investors got what looks to be the final answer needed to complete the ongoing consolidation saga involving Comcast (CMCSA - Free Report) , 21st Century Fox (FOXA - Free Report) , Disney (DIS - Free Report) , and Sky.

Just days after Comcast won the bidding war for majority ownership in Sky, minority owner Fox has said it will sell its minority stake of the British broadcasting giant to the U.S. cable company. Disney, which will soon merge with most of Fox’s assets, has reportedly shared its approval of the decision as well.

Elsewhere, Wall Street will have a watchful eye trained on Capitol Hill over the next few days as a number of consequential events will take place in Congress. First up today is another data privacy hearing in the Senate—this time including reps from Apple (AAPL - Free Report) , Google (GOOGL - Free Report) , and Twitter (TWTR - Free Report) .

Google’s take on the data privacy situation will be interesting to hear, as the search engine behemoth has been absent from other recent hearings involving internet companies like Facebook (FB - Free Report) .

Investors, along with the rest of the world, will also be watching Thursday’s hearing with Supreme Court nominee Brett Kavanaugh closely. The judge’s confirmation is unlikely to have a material effect on Wall Street in the near-term, but his hearing will be must-watch TV and could, according to some strategists, slice trading volume in half.

Ryan highlights these stories, as well as a fresh analyst note which included bullish commentary on GoPro (GPRO - Free Report) , on the first half of today’s show. Make sure to check out the segment for more information!

Later, Ryan turns the spotlight to Square (SQ - Free Report) . This red-hot payments stock made waves yesterday after an analyst suggested the company should be added to the FANG acronym to create a new “FANGS” tech group.

Square has skyrocketed over the past year as the firm has grown more profitable and widespread, but does the stock really have room to run higher? Is it already in the “market leader” category of the other FANG stocks?

Ryan addresses these questions by exploring Square’s recent performance and speculating as to where the stock could head next. Check out Free Lunch’s second segment to hear his analysis!

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