On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney highlights the latest news moving major indexes this week, the trade deal between the U.S. and China’s ZTE (HK:0763) Corp. (OTC:ZTCOY) , and Alphabet’s (NASDAQ:GOOGL) regulatory headaches in Europe. Later, he is joined by Dave Bartosiak to discuss recent technical trends in the broader markets.
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Free Lunch is the newest show from 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 (NASDAQ:FB) Live, Twitter, Ustream, and more.
First up, Ryan discusses the market’s latest moves as the Nasdaq looks poised to dip after three-straight record closes and the S&P 500 battles for its fifth-consecutive positive day. Investors are still looking for confirmation that global economic growth will not be stalled by trade disputes involving China, the U.S., and various allies around the world.
There was some positive news on that front today, with U.S. officials reaching an agreement with Chinese tech giant ZTE to lift a trade ban on the company. Ryan discusses this news, and everything else investors need to know about global economic diplomacy ahead of this week’s G-7 meeting, in the show’s first segment.
The host also touches on Alphabet’s latest regulatory issues in Europe after new reports suggested EU officials would, once again, target the search engine behemoth. This time around, it looks like Google’s Android mobile operating system is under scrutiny.
Later in the show, Ryan is joined by Zacks momentum guru Dave Bartosiak to dig into the latest technical trends throughout the markets. The Nasdaq is back to all-time highs, but the S&P 500 still has some work left to return to its peaks. What types of technical factors are influencing this trading?
Dave and Ryan answer this question, and more. Make sure to check out the show to hear what the pair have to say!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
Alphabet Inc. (GOOGL): Free Stock Analysis Report
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