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.
Currency War, Amazon Dips, TTWO Climbs, Disney Earnings & Why Fortinet (FTNT) Stock is a Strong Buy | Free Lunch
Read MoreHide Full Article
On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains dives into the escalating trade war between the U.S. and China that turned into a currency fight Monday. The shows then moves onto Amazon’s (AMZN - Free Report) recent woes, Take-Two Interactive’s (TTWO - Free Report) major surge, and much more, including a Disney (DIS - Free Report) earnings preview.
The Dow and the S&P 500 suffered major downturns Monday after President Trump called China a currency manipulator. The Chinese yuan fell as much as 1.9% to a record offshore low. The U.S. Treasury also labeled China a currency manipulator for the first time in over 20 years. In retaliation, Beijing announced that Chinese companies will suspend U.S. agricultural purchases.
The heightened trade war worries, amid overall global economic uncertainty, could see the Federal Reserve consider more interest rate cuts this year. Meanwhile, Amazon stock has faced its worse downturn in more than a decade over the last week-plus.
Tuesday also saw Take-Two Interactive (TTWO - Free Report) stock soar nearly 10% after the video game maker impressed Wall Street, even as tech giants such as Google (GOOGL - Free Report) are set to enter the quickly growing gaming market.
All eyes on Wall Street will then turn to Disney (DIS - Free Report) after the closing bell, with the company set to report its Q3 fiscal 2019 financial results. But more than its results, investors need to watch for any updates on Disney’s streaming TV push as it prepares to challenge Netflix (NFLX - Free Report) , Amazon (AMZN - Free Report) , Apple (AAPL - Free Report) , and others.
The episode then closes with a look at why cybersecurity firm Fortinet, Inc. (FTNT - Free Report) is a new Zacks Rank #1 (Strong Buy) stock.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Currency War, Amazon Dips, TTWO Climbs, Disney Earnings & Why Fortinet (FTNT) Stock is a Strong Buy | Free Lunch
On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains dives into the escalating trade war between the U.S. and China that turned into a currency fight Monday. The shows then moves onto Amazon’s (AMZN - Free Report) recent woes, Take-Two Interactive’s (TTWO - Free Report) major surge, and much more, including a Disney (DIS - Free Report) earnings preview.
The Dow and the S&P 500 suffered major downturns Monday after President Trump called China a currency manipulator. The Chinese yuan fell as much as 1.9% to a record offshore low. The U.S. Treasury also labeled China a currency manipulator for the first time in over 20 years. In retaliation, Beijing announced that Chinese companies will suspend U.S. agricultural purchases.
The heightened trade war worries, amid overall global economic uncertainty, could see the Federal Reserve consider more interest rate cuts this year. Meanwhile, Amazon stock has faced its worse downturn in more than a decade over the last week-plus.
Tuesday also saw Take-Two Interactive (TTWO - Free Report) stock soar nearly 10% after the video game maker impressed Wall Street, even as tech giants such as Google (GOOGL - Free Report) are set to enter the quickly growing gaming market.
All eyes on Wall Street will then turn to Disney (DIS - Free Report) after the closing bell, with the company set to report its Q3 fiscal 2019 financial results. But more than its results, investors need to watch for any updates on Disney’s streaming TV push as it prepares to challenge Netflix (NFLX - Free Report) , Amazon (AMZN - Free Report) , Apple (AAPL - Free Report) , and others.
The episode then closes with a look at why cybersecurity firm Fortinet, Inc. (FTNT - Free Report) is a new Zacks Rank #1 (Strong Buy) stock.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>