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More Volatility for Tech Stocks & a Final Wave of Retail Earnings Reports

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On today’s episode of Free Lunch, Ryan McQueeney discusses the latest trade war news and recent headlines from Apple, Nissan, and Nvidia. The host also chats about why bitcoin has been slumping lately. Later, he previews upcoming earnings reports from retailers Lowe’s, Target, and TJX.

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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.

Stocks were lower on Monday morning after the weekend’s developments in the ongoing U.S.-China trade war cooled optimism about an impending deal. Rhetoric from the two sides had seemed to improve in recent weeks, but after the Asia-Pacific Economic Cooperation failed to agree on a joint statement for the first time and Vice President Pence lobbed criticism in China’s direction, it is unclear again if progress can be made soon.

Tech stocks were among the worst performers in morning trading, with investors continuing to punish Nvidia (NVDA - Free Report) for its post-earnings woes and Apple (AAPL - Free Report) for its sluggish iPhone sales. There was also a strange headline from Japanese automaker Nissan (NSANY - Free Report) , which saw Chairman Carlos Ghosn get arrested on business misconduct charges in Tokyo.

Traders in the cryptocurrency community are also feeling the volatility, as prices of bitcoin, litecoin, ethereum, and the like were all slumping today thanks to renewed concerns about their viability as an asset class and storage of value.

On the first half of today’s show, Ryan covers each of these stories, so make sure to check out the segment for all of the key facts!

Later, Ryan previews upcoming earnings reports from Lowe’s (LOW - Free Report) , Target (TGT - Free Report) and TJX (TJX - Free Report) , a few of the last major retailers to file their latest results this season.

Ryan analyzes these stocks by looking at their share price and earnings outlook momentum, with the objective being to find out whether any of these retailers have seen a divergence in these two key trends.

An attractive divergence ahead of one’s report would be a positive earnings trend and a pullback in the stock. Since share prices tend to follow earnings trends over time, this could give investors room to rise if the actual results come in strong.

Want to know whether Lowe’s, Target, or TJX have seen this divergence lately? Tune into the show to find out!

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