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Market Strategist Weighs In On Midterms, Trade War, & Apple News
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On today’s episode of Free Lunch, Ryan McQueeney sits down with Zacks Strategist Dave Borun to discuss Wall Street’s view on the midterm elections, the latest progress in the U.S-China trade war, and news sending Apple shares lower on Monday morning.
Free Lunch is presented by 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 were mixed in morning trading Monday, as uncertainty over the midterm elections and pressure on the market’s tech behemoths weighed on investors.
The latest opinion polls show that there is a strong chance we wind up with a split Congress tomorrow, with Democrats reclaiming a majority in the House and Republicans maintaining a lead in the Senate. This outcome is still far from certain, however, and recent surprise elections have reminded voters that races are not over until all the votes are tallied.
It is unclear whether Wall Street is hoping for one result or another in the midterms; rather, it is possible that investors and traders simply want to move past the uncertainty and noise that is the elections.
Another political headline adding volatility to the stock market is the ongoing trade drama between the U.S. and China. Last week’s rebound ended abruptly Friday, as mixed reports from the White House in regards to the progress of a deal with Beijing sent stocks through the ringer. It does seem like officials will hold more talks soon, but the possibility of an agreement before the New Year is still unknown.
Moreover, Apple (AAPL - Free Report) shares were down in morning trading Monday as the iPhone maker continued its post-earnings selloff. Fears that Apple will struggle to generate growth from the iPhone segment were underscored this morning by a report that said the company has instructed suppliers to stop adding production lines for the new iPhone XR.
This low-cost option was meant to provide a middle tier for potential iPhone upgraders, but if these rumors are true, it looks as if users are opting for cheaper outdated models instead. This raised questions about Apple’s plan to gradually increase the average selling price of the iPhone.
Apple’s volatility spread to the rest of the FAANGs in early trading, as Facebook , Amazon (AMZN - Free Report) , Netflix (NFLX - Free Report) , and Alphabet (GOOGL - Free Report) all dipped into the red.
On today’s Free Lunch, Ryan and Dave chat about all of these stories. Specifically, Dave touches on the key facts behind all of these headlines and provides his perspective on how investors should handle the news. Don’t miss Dave’s advice for navigating the headlines today!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Market Strategist Weighs In On Midterms, Trade War, & Apple News
On today’s episode of Free Lunch, Ryan McQueeney sits down with Zacks Strategist Dave Borun to discuss Wall Street’s view on the midterm elections, the latest progress in the U.S-China trade war, and news sending Apple shares lower on Monday morning.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is presented by 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 were mixed in morning trading Monday, as uncertainty over the midterm elections and pressure on the market’s tech behemoths weighed on investors.
The latest opinion polls show that there is a strong chance we wind up with a split Congress tomorrow, with Democrats reclaiming a majority in the House and Republicans maintaining a lead in the Senate. This outcome is still far from certain, however, and recent surprise elections have reminded voters that races are not over until all the votes are tallied.
It is unclear whether Wall Street is hoping for one result or another in the midterms; rather, it is possible that investors and traders simply want to move past the uncertainty and noise that is the elections.
Another political headline adding volatility to the stock market is the ongoing trade drama between the U.S. and China. Last week’s rebound ended abruptly Friday, as mixed reports from the White House in regards to the progress of a deal with Beijing sent stocks through the ringer. It does seem like officials will hold more talks soon, but the possibility of an agreement before the New Year is still unknown.
Moreover, Apple (AAPL - Free Report) shares were down in morning trading Monday as the iPhone maker continued its post-earnings selloff. Fears that Apple will struggle to generate growth from the iPhone segment were underscored this morning by a report that said the company has instructed suppliers to stop adding production lines for the new iPhone XR.
This low-cost option was meant to provide a middle tier for potential iPhone upgraders, but if these rumors are true, it looks as if users are opting for cheaper outdated models instead. This raised questions about Apple’s plan to gradually increase the average selling price of the iPhone.
Apple’s volatility spread to the rest of the FAANGs in early trading, as Facebook , Amazon (AMZN - Free Report) , Netflix (NFLX - Free Report) , and Alphabet (GOOGL - Free Report) all dipped into the red.
On today’s Free Lunch, Ryan and Dave chat about all of these stories. Specifically, Dave touches on the key facts behind all of these headlines and provides his perspective on how investors should handle the news. Don’t miss Dave’s advice for navigating the headlines today!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>