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AMD's Crazy Momentum, NAFTA Deal, Tesla Nixes Go-Private Plan | Free Lunch
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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top market headlines, including the latest updates on a NAFTA deal, Tesla’s decision to stay public, and why Chipotle stock slumped. Later, he investigates AMD’s recent momentum and speculates as to whether the trendy chipmaker can move higher.
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.
Stocks opened higher on Monday as trade representatives from the U.S. and Mexico neared a deal to resolve certain disagreements on NAFTA. Reforming the trade agreement has been an outspoken focus for President Donald Trump since the election, and now, his administration appears ready to reach an agreement which will focus on the automotive industry.
Also this morning, investors continued to react to the news that Tesla (TSLA - Free Report) will, in fact, remain a public company. Polarizing CEO Elon Musk confirmed this plan late Friday, saying that although he had secured funding for a go-private deal, an overwhelming amount of investors had encouraged him to keep the electric car giant public.
Wall Street also witnessed a slight selloff in Chipotle (CMG - Free Report) shares as the fast casual Mexican chain was hit with a bearish analyst note this morning. This note, published by Wedbush, argued that near-term concerns related to same-store sales growth and margins could create headwinds for Chipotle as it looks to meet sky-high expectations.
Ryan discusses of these news stories, providing investors with the key facts they need to know and giving his unique perspective on the headlines—all on the first half of today’s show.
Later, the host checks in with one of the stock market’s hottest momentum plays, AMD (AMD - Free Report) . This red-hot chipmaker surged even higher on Monday morning as investors reacted favorably to its new Radeon server card for datacenter visualization, but the stock has been on fire for months for a multitude of reasons.
Ryan explore these reasons, highlighting one key chart that shows exactly how fast AMD has climbed this year—along with its solid earnings growth prospects. He also analyzes the company’s current valuation and spotlights its recent earnings estimate trends.
Is AMD really Wall Street’s hottest tech stock? What will it take for shares to march even higher? Hear Ryan’s answers to these questions, and more, only on today’s episode of Free Lunch!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
AMD's Crazy Momentum, NAFTA Deal, Tesla Nixes Go-Private Plan | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top market headlines, including the latest updates on a NAFTA deal, Tesla’s decision to stay public, and why Chipotle stock slumped. Later, he investigates AMD’s recent momentum and speculates as to whether the trendy chipmaker can move higher.
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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 Live, Twitter, Ustream, and more.
Stocks opened higher on Monday as trade representatives from the U.S. and Mexico neared a deal to resolve certain disagreements on NAFTA. Reforming the trade agreement has been an outspoken focus for President Donald Trump since the election, and now, his administration appears ready to reach an agreement which will focus on the automotive industry.
Also this morning, investors continued to react to the news that Tesla (TSLA - Free Report) will, in fact, remain a public company. Polarizing CEO Elon Musk confirmed this plan late Friday, saying that although he had secured funding for a go-private deal, an overwhelming amount of investors had encouraged him to keep the electric car giant public.
Wall Street also witnessed a slight selloff in Chipotle (CMG - Free Report) shares as the fast casual Mexican chain was hit with a bearish analyst note this morning. This note, published by Wedbush, argued that near-term concerns related to same-store sales growth and margins could create headwinds for Chipotle as it looks to meet sky-high expectations.
Ryan discusses of these news stories, providing investors with the key facts they need to know and giving his unique perspective on the headlines—all on the first half of today’s show.
Later, the host checks in with one of the stock market’s hottest momentum plays, AMD (AMD - Free Report) . This red-hot chipmaker surged even higher on Monday morning as investors reacted favorably to its new Radeon server card for datacenter visualization, but the stock has been on fire for months for a multitude of reasons.
Ryan explore these reasons, highlighting one key chart that shows exactly how fast AMD has climbed this year—along with its solid earnings growth prospects. He also analyzes the company’s current valuation and spotlights its recent earnings estimate trends.
Is AMD really Wall Street’s hottest tech stock? What will it take for shares to march even higher? Hear Ryan’s answers to these questions, and more, only on today’s episode of Free Lunch!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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