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Trump & The Fed, Home Depot, Retail Worries & Buy Garmin Stock | Free Lunch
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On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains breaks down what’s going on between President Trump and the U.S. Federal Reserve. The episode also dives into Home Depot (HD - Free Report) and TJX (TJX - Free Report) earnings, as part of a broader look at the retail industry amid the ongoing trade war between the U.S. and China. Free Lunch then closes with why Garmin (GRMN - Free Report) is a Zacks Rank #1 (Strong Buy) stock right now.
President Trump on Monday called for the Fed to cut interest rates in a big way and criticized Fed chairman Jay Powel for a “horrendous lack of vision.” Despite the tweets, the U.S. central bank might not be ready to slash rates so dramatically. Wall Street will likely get an update soon on what’s next with Powell set to speak this Friday.
Overall, all three major U.S. indexes slipped through Tuesday morning trading. The downturn came after three straight days of gains that helped push indexes back within striking distance of their July records. Despite the larger decline, Home Depot stock popped following its quarterly earnings release, with comparable sales up an impressive 3%. Yet, HD executives provided subdued fiscal year guidance, citing lower lumber prices and possible tariff-related concerns.
Meanwhile, shares of fellow retailer TJX, which owns Home Goods, TJ Max, and other stores, slipped in a sign that investors might be worried about the soon to be rolled out 10% tariffs on a large amount of apparel and footwear imported from China. This week will also see Target (TGT - Free Report) , Lowe’s (LOW - Free Report) , and other retailers post their quarterly results after Walmart (WMT - Free Report) last week proved once again it is ready to take on Amazon (AMZN - Free Report) .
This episode of Free Lunch then closes with a look at why GPS navigation and wearable tech power Garmin is a Zacks Rank #1 (Strong Buy) stock.
Legalizing THIS Could Be Even Bigger than Marijuana
Americans spend an estimated $150 billion in this industry every year… more than twice as much as they spend on marijuana.
Now that 8 states have fully-legalized it (with several more states following close behind), Zacks has identified 5 stocks that could soar in response to the powerful demand. One industry insider described the future as “mind-blowing” – and early investors can still get in ahead of the surge.
Trump & The Fed, Home Depot, Retail Worries & Buy Garmin Stock | Free Lunch
On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains breaks down what’s going on between President Trump and the U.S. Federal Reserve. The episode also dives into Home Depot (HD - Free Report) and TJX (TJX - Free Report) earnings, as part of a broader look at the retail industry amid the ongoing trade war between the U.S. and China. Free Lunch then closes with why Garmin (GRMN - Free Report) is a Zacks Rank #1 (Strong Buy) stock right now.
President Trump on Monday called for the Fed to cut interest rates in a big way and criticized Fed chairman Jay Powel for a “horrendous lack of vision.” Despite the tweets, the U.S. central bank might not be ready to slash rates so dramatically. Wall Street will likely get an update soon on what’s next with Powell set to speak this Friday.
Overall, all three major U.S. indexes slipped through Tuesday morning trading. The downturn came after three straight days of gains that helped push indexes back within striking distance of their July records. Despite the larger decline, Home Depot stock popped following its quarterly earnings release, with comparable sales up an impressive 3%. Yet, HD executives provided subdued fiscal year guidance, citing lower lumber prices and possible tariff-related concerns.
Meanwhile, shares of fellow retailer TJX, which owns Home Goods, TJ Max, and other stores, slipped in a sign that investors might be worried about the soon to be rolled out 10% tariffs on a large amount of apparel and footwear imported from China. This week will also see Target (TGT - Free Report) , Lowe’s (LOW - Free Report) , and other retailers post their quarterly results after Walmart (WMT - Free Report) last week proved once again it is ready to take on Amazon (AMZN - Free Report) .
This episode of Free Lunch then closes with a look at why GPS navigation and wearable tech power Garmin is a Zacks Rank #1 (Strong Buy) stock.
Legalizing THIS Could Be Even Bigger than Marijuana
Americans spend an estimated $150 billion in this industry every year… more than twice as much as they spend on marijuana.
Now that 8 states have fully-legalized it (with several more states following close behind), Zacks has identified 5 stocks that could soar in response to the powerful demand. One industry insider described the future as “mind-blowing” – and early investors can still get in ahead of the surge.
See these 5 “sin stocks” now >>