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On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains takes a look at new worrisome Eurozone economic data that might put more pressure on the U.S. Federal Reserve. We then dive into quarterly earnings results from Caterpillar (CAT - Free Report) , Tesla (TSLA - Free Report) , Microsoft (MSFT - Free Report) , and others. And the episode closes with a dive into why Callaway Golf Company is a Zack Ranks #1 (Strong Buy) stock at the moment.
IHS Markit released Eurozone PMI data Thursday that showed what they called a “stalled economy in October.” The firm said that the “manufacturing downturn remains severe,” and noted that new data “suggest there's a risk of GDP contraction in the fourth quarter.”
Departing European Central Bank President Mario Draghi also voiced his concern for the services sector. The new Eurozone economic information might put even more pressure on Jerome Powell and the Fed to cut its benchmark interest rate for the third time since July.
Moving on, quarterly earnings results continue to take center stage on Wall Street. Shares of Caterpillar and 3M (MMM - Free Report) both fell on subdued earnings guidance. Meanwhile,Twitter stock tumbled Thursday, while Tesla and Microsoft both impressed.
Thursday’s episode of Free Lunch then closes with a look at why Callaway is a Zack Ranks #1 (Strong Buy) stock heading into its quarterly earnings release and the holiday shopping season.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Eurozone Fears, CAT, MSFT & TSLA Earnings & Buy Callaway Stock - Free Lunch
On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains takes a look at new worrisome Eurozone economic data that might put more pressure on the U.S. Federal Reserve. We then dive into quarterly earnings results from Caterpillar (CAT - Free Report) , Tesla (TSLA - Free Report) , Microsoft (MSFT - Free Report) , and others. And the episode closes with a dive into why Callaway Golf Company is a Zack Ranks #1 (Strong Buy) stock at the moment.
IHS Markit released Eurozone PMI data Thursday that showed what they called a “stalled economy in October.” The firm said that the “manufacturing downturn remains severe,” and noted that new data “suggest there's a risk of GDP contraction in the fourth quarter.”
Departing European Central Bank President Mario Draghi also voiced his concern for the services sector. The new Eurozone economic information might put even more pressure on Jerome Powell and the Fed to cut its benchmark interest rate for the third time since July.
Moving on, quarterly earnings results continue to take center stage on Wall Street. Shares of Caterpillar and 3M (MMM - Free Report) both fell on subdued earnings guidance. Meanwhile,Twitter stock tumbled Thursday, while Tesla and Microsoft both impressed.
Wall Street will now look to Amazon (AMZN - Free Report) , Apple (AAPL - Free Report) , Facebook , and other tech powerhouses (also read: A Better-Than-Expected Earnings Picture).
Thursday’s episode of Free Lunch then closes with a look at why Callaway is a Zack Ranks #1 (Strong Buy) stock heading into its quarterly earnings release and the holiday shopping season.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>