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Adidas Slips, Lyft Climbs, Uber Earnings & Why Intuitive Surgical Stock is a Strong Buy | Free Lunch
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On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains offers a quick global economic update amid heightened U.S.-China trade war worries. The episode also dives into Adidas (ADDYY - Free Report) and Lyft (LYFT - Free Report) earnings, what to expect from Uber (UBER - Free Report) Thursday afternoon, and why Intuitive Surgical (ISRG - Free Report) stock looks like a strong buy.
All three major U.S. indexes opened higher Thursday morning after two global economic powers showed signs of strength. Nonetheless, the trade fight between the world’s two largest economies has clouded the global growth picture. Currency worries, centered around the Chinese yuan, have only made matters worse. All of these concerns could prompt the Fed to cut interest rates again.
Moving on, we now have Q2 earnings results from 428 S&P 500 members out. Overall, earnings are up 0.9% on 5.1% higher revenues, but the tech sector has helped drag down profits (also read: A Stable Earnings Picture).
Adidas stock fell Thursday morning despite the fact that revenue climbed and it posted stronger-than-projected earnings. The sportswear giant’s sales in China were also impressive as it fights Nike (NKE - Free Report) for dominance in the country.
Wall Street also praised ride-hailing firm Lyft after it posted a narrower-than-expected Q2 loss and upped its guidance. This puts the pressure on its larger rival, Uber, which is scheduled to report its quarterly results after the closing bell Thursday. Our current Zacks estimates call for Uber to post second quarter revenue of $3.41 billion. Meanwhile, the firm is projected to report a large quarterly loss.
The episode then closes with a look at why minimally invasive robotic-assisted surgery firm Intuitive Surgical is a new Zacks Rank #1 (Strong Buy) stock.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
Adidas Slips, Lyft Climbs, Uber Earnings & Why Intuitive Surgical Stock is a Strong Buy | Free Lunch
On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains offers a quick global economic update amid heightened U.S.-China trade war worries. The episode also dives into Adidas (ADDYY - Free Report) and Lyft (LYFT - Free Report) earnings, what to expect from Uber (UBER - Free Report) Thursday afternoon, and why Intuitive Surgical (ISRG - Free Report) stock looks like a strong buy.
All three major U.S. indexes opened higher Thursday morning after two global economic powers showed signs of strength. Nonetheless, the trade fight between the world’s two largest economies has clouded the global growth picture. Currency worries, centered around the Chinese yuan, have only made matters worse. All of these concerns could prompt the Fed to cut interest rates again.
Moving on, we now have Q2 earnings results from 428 S&P 500 members out. Overall, earnings are up 0.9% on 5.1% higher revenues, but the tech sector has helped drag down profits (also read: A Stable Earnings Picture).
Adidas stock fell Thursday morning despite the fact that revenue climbed and it posted stronger-than-projected earnings. The sportswear giant’s sales in China were also impressive as it fights Nike (NKE - Free Report) for dominance in the country.
Wall Street also praised ride-hailing firm Lyft after it posted a narrower-than-expected Q2 loss and upped its guidance. This puts the pressure on its larger rival, Uber, which is scheduled to report its quarterly results after the closing bell Thursday. Our current Zacks estimates call for Uber to post second quarter revenue of $3.41 billion. Meanwhile, the firm is projected to report a large quarterly loss.
The episode then closes with a look at why minimally invasive robotic-assisted surgery firm Intuitive Surgical is a new Zacks Rank #1 (Strong Buy) stock.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>