On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney touches on the latest trade war jousting after the Trump administration said it was readying new tariffs on $ 200 billion worth of Chinese goods. Later, he recaps recent news affecting the airline industry and dragging down stocks like American AAL, Delta DAL, and United UAL.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
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 Live, Twitter, Ustream, and more.
The Trump administration surprised global investors this morning by saying that it is preparing to impose tariffs on an additional $ 200 million worth of Chinese goods. The tariffs would slap 10% charges on a number of products, including produce, furniture, and baseball gloves.
Ryan recaps this new story and explains why the ongoing trade war drama has dragged the Shanghai index into a bear market. He also touches on earnings results from Fastenal FAST and speculates as to whether a great Q2 report season could outweigh trade war fears.
Later, he touches on airline stocks, which fell in early trading Wednesday after American lowered its unit revenue guidance for the second quarter. American is still predicting TRASM growth, but its lowered guidance—and raised estimate for average fuel prices—underscores industry-wide headwinds which have hurt airlines this year.
Ryan checks in with American and discusses its new outlook. He also digs into several key charts from the “Big 3” airlines, as well as the broader industry. Can a strong summer travel season help these stocks rebound? Check out the show to hear what Ryan has to say!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $ 1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Fastenal Company (FAST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Zacks Investment Research – All Commentary Articles