On today’s episode of Free Lunch, Ryan McQueeney discusses President Trump’s “Tariff Man” tweets and recaps the latest news from the cannabis industry. Later, he chats with Brian Bolan about Tesla (TSLA - Free Report) , a Zacks Rank #1 (Strong Buy) stock.
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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.
U.S. stocks were sharply lower in morning trading Tuesday, as investors expressed concerns about the fragility of a trade truce with China. Presidents Trump and Xi agreed to halt new tariffs for 90 days in order to flesh out a deal, but in a series of tweets this morning, Trump dubbed himself the “Tariff Man” and reminded the public that he is not afraid to use new charges if an agreement is not made.
Elsewhere, investors reacted to a pair of very different headlines from the cannabis industry. Cronos Group (CRON - Free Report) shares were surging in morning trading after the company confirmed its talks with Altria (MO - Free Report) about a potential investment. While a deal is no guarantee, Wall Street is likely to see these chats as a sign of growing legitimacy for the young investing segment.
On the other hand, shares of Aphria tumbled on the back of continued pressure from a short-seller’s accusation that a recent deal to buy assets in Latin America was “largely worthless” and served only to benefit insiders.
Ryan recaps these stories from the cannabis industry, as well as President Trump’s tweets, on the first half of today’s show!
Later, he is joined by Zacks Strategist Brian Bolan to discuss Tesla. The electric car giant is currently sporting a Zacks Rank #1 (Strong Buy) and has apparently moved past the headwinds which plagued its stock earlier this year, so Ryan and Brian meet to answer one simple question: how?
What exactly has Tesla done lately to prove its doubters wrong? Why is the stock holding a Zacks Rank #1 (Strong Buy)? How has the story of Tesla shifted in recent months?
Ryan and Brian explore earnings estimates, growth expectations, and key measures of value in order to solve this puzzle right now. Make sure to check out the show to hear more!
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