We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fed Cuts Rates, Q2 Earnings Season Overview & Why Chegg (CHGG) Stock is a Strong Buy | Free Lunch
Read MoreHide Full Article
On today’s episode of Free Lunch here at Zacks, which is back by popular demand, Associate Stock Strategist Ben Rains discusses the Federal Reserve’s rate cut and U.S.-China trade talk updates. The shows then takes a look at the second-quarter earnings season so far, before diving into details on specific companies, and more.
The fed cut interest rates Wednesday for the first time since 2008, which caused the Dow, S&P 500, and the Nasdaq all to slip over 1%. Aside from a possible ‘sell the news angle,’ Wall Street might have been disappointed that Fed Chairman Jerome Powell didn’t signal more cuts to come.
U.S. and Chinese trade negotiators also wrapped up their first face-to-face meetings in over two months yesterday. But it seems that the world’s two largest economies are no closer to a meaningful resolution. Still, all three major U.S. indexes bounced back through morning trading Thursday.
Overall, 305 S&P 500 members have already reported their Q2 financial results, with 77% of the Technology sector’s total market cap in the index out.
U.S. chipmaker and telecommunications equipment firm Qualcomm (QCOM - Free Report) stock fell after hours Wednesday and was down over 2% Thursday after its quarterly revenue fell nearly 13%. Meanwhile, General Motors (GM - Free Report) beat quarterly earnings estimates before the opening bell today. This helped GM stock hit a fresh 52-week high.
Looking ahead, Pinterest (PINS - Free Report) , Etsy (ETSY - Free Report) , Square (SQ - Free Report) , and Motorola (MSI - Free Report) are projected to post their quarterly financial results after the closing bell. The episode then closes with a look at why Chegg (CHGG - Free Report) is a new Zack Ranks #1 (Strong Buy) stock.
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.
Image: Bigstock
Fed Cuts Rates, Q2 Earnings Season Overview & Why Chegg (CHGG) Stock is a Strong Buy | Free Lunch
On today’s episode of Free Lunch here at Zacks, which is back by popular demand, Associate Stock Strategist Ben Rains discusses the Federal Reserve’s rate cut and U.S.-China trade talk updates. The shows then takes a look at the second-quarter earnings season so far, before diving into details on specific companies, and more.
The fed cut interest rates Wednesday for the first time since 2008, which caused the Dow, S&P 500, and the Nasdaq all to slip over 1%. Aside from a possible ‘sell the news angle,’ Wall Street might have been disappointed that Fed Chairman Jerome Powell didn’t signal more cuts to come.
U.S. and Chinese trade negotiators also wrapped up their first face-to-face meetings in over two months yesterday. But it seems that the world’s two largest economies are no closer to a meaningful resolution. Still, all three major U.S. indexes bounced back through morning trading Thursday.
Overall, 305 S&P 500 members have already reported their Q2 financial results, with 77% of the Technology sector’s total market cap in the index out.
U.S. chipmaker and telecommunications equipment firm Qualcomm (QCOM - Free Report) stock fell after hours Wednesday and was down over 2% Thursday after its quarterly revenue fell nearly 13%. Meanwhile, General Motors (GM - Free Report) beat quarterly earnings estimates before the opening bell today. This helped GM stock hit a fresh 52-week high.
Looking ahead, Pinterest (PINS - Free Report) , Etsy (ETSY - Free Report) , Square (SQ - Free Report) , and Motorola (MSI - Free Report) are projected to post their quarterly financial results after the closing bell. The episode then closes with a look at why Chegg (CHGG - Free Report) is a new Zack Ranks #1 (Strong Buy) stock.
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>>