On today’s episode of Free Lunch, Ryan McQueeney discusses the latest trade war developments and recaps earnings results from Home Depot and Tyson Foods. He also touches on Apple’s supplier concerns. Later, the host chats with Dave Bartosiak about the marijuana stocks reporting earnings this week.
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Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Stocks were mixed in morning trading Tuesday, thanks in large part to mixed news on the trade war front.
Reports from both the Wall Street Journal and South China Morning Post noted improvements in the tone of conversations between U.S. and Chinese trade officials, possibly indicating that progress could be made on a deal when the sides meet at the G-20 conference later this month.
On the other hand, trade tensions between the U.S. and Europe appear to be ratcheting up again, with reports suggesting that President Trump wants to use the threat of auto tariffs as a negotiating tool. The president also tweeted this morning about France’s tariff practices for wine.
Investors were also discouraged by yet another profit warning from an Apple (AAPL – Free Report) supplier. Today it was Qorvo getting in on the action, issuing a release that lowered its earnings and revenue forecasts and hinted that Apple was the likely culprit.
Wall Street also shrugged its shoulders at Home Depot’s (HD – Free Report) beat-and-raise performance before the bell this morning, while Tyson Foods (TSN – Free Report) shares dipped after the poultry giant reported muted revenue results for its most recent quarter.
On the first half of today’s show, Ryan covers all of the above stories. Make sure to check out the episode for all of the key facts as well as the host’s own perspective on the news!
Later, Ryan is joined by Zacks Strategist Dave Bartosiak to discuss the wave of marijuana companies reporting their latest earnings results this week.
Cronos Group (CRON – Free Report) already got the party started, posting a quarterly loss of 4 cents per share on revenue of $3.76 million before the bell Tuesday. This loss was wider than expected, but the company comfortably topped sales estimates.
Fellow Canadian marijuana pure plays Tilray (TLRY – Free Report) and Canopy Growth (CGC – Free Report) are scheduled to report after the bell today and before the market opens tomorrow morning, respectively.
Ryan and Dave discuss expectation setting, interpreting the results, and navigating the unknown elements of this industry. Make sure to check out the show to hear more!
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