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Why Boeing Is a Strong Buy Stock and News from CAT, NVDA, & VALE
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On today’s episode of Free Lunch, Ryan McQueeney recaps the latest news from Vale SA, Nvidia, and Caterpillar. Later, he discusses why Boeing has earned a Zacks Rank #1 (Strong Buy) rating right now.
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, Twitter, and other major streaming platforms.
Stocks were broadly lower in morning trading Monday, as construction industry bellwether Caterpillar’s (CAT - Free Report) pre-market report saw the company record its biggest earnings miss in about a decade. Caterpillar struggled in China, with revenue in its Asia/Pacific region dropping 4% from the year-ago period. The equipment giant is now expecting overall sales to increase just modestly this year.
Another headwind facing stocks on Monday morning was a guidance cut from Nvidia (NVDA - Free Report) . The chipmaker said it now expects to report Q4 revenue of just $2.2 billion, well below its previous guidance of $2.7 billion. Nvidia said its gaming and data-center segments underperformed expectations in the quarter. Other chip stocks, including Intel (INTC - Free Report) , AMD (AMD - Free Report) , and Micron (MU - Free Report) , were lower at the opening bell today as well.
Elsewhere, Wall Street also reacted to last week’s tragic mining dam accident in Brazil. On Friday, a breach of a dam owned by Vale SA (VALE - Free Report) caused severe loss of life in nearby residential areas. Today, the company said it would suspend its dividend, sending its shares sharply lower. This is the second time in about five years that a Vale dam has faced a major accident.
On the first half of today’s episode, Ryan covers each of these breaking news stories. Make sure to check out the segment for more facts behind the headlines!
Later, Ryan educates viewers on the Zacks Rank, a powerful stock indicator that focuses on earnings estimates and estimate revisions. The belief behind this rating system is that earnings and share prices are inherently related. As a company’s earnings estimate improve over time, so too will its stock price.
To illustrate what goes into a #1 (Strong Buy)-rated company, Ryan explores Boeing (BA - Free Report) , which recently earned that designation. The host dives into Boeing’s earnings estimate trends and the fundamental factors behind its rating. He also chats about a few technical indicators and growth metrics that are not necessarily factored into the Zacks Rank, but could be bullish signals as well.
Make sure to check out the show to hear more!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
Why Boeing Is a Strong Buy Stock and News from CAT, NVDA, & VALE
On today’s episode of Free Lunch, Ryan McQueeney recaps the latest news from Vale SA, Nvidia, and Caterpillar. Later, he discusses why Boeing has earned a Zacks Rank #1 (Strong Buy) rating right now.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
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, Twitter, and other major streaming platforms.
Stocks were broadly lower in morning trading Monday, as construction industry bellwether Caterpillar’s (CAT - Free Report) pre-market report saw the company record its biggest earnings miss in about a decade. Caterpillar struggled in China, with revenue in its Asia/Pacific region dropping 4% from the year-ago period. The equipment giant is now expecting overall sales to increase just modestly this year.
Another headwind facing stocks on Monday morning was a guidance cut from Nvidia (NVDA - Free Report) . The chipmaker said it now expects to report Q4 revenue of just $2.2 billion, well below its previous guidance of $2.7 billion. Nvidia said its gaming and data-center segments underperformed expectations in the quarter. Other chip stocks, including Intel (INTC - Free Report) , AMD (AMD - Free Report) , and Micron (MU - Free Report) , were lower at the opening bell today as well.
Elsewhere, Wall Street also reacted to last week’s tragic mining dam accident in Brazil. On Friday, a breach of a dam owned by Vale SA (VALE - Free Report) caused severe loss of life in nearby residential areas. Today, the company said it would suspend its dividend, sending its shares sharply lower. This is the second time in about five years that a Vale dam has faced a major accident.
On the first half of today’s episode, Ryan covers each of these breaking news stories. Make sure to check out the segment for more facts behind the headlines!
Later, Ryan educates viewers on the Zacks Rank, a powerful stock indicator that focuses on earnings estimates and estimate revisions. The belief behind this rating system is that earnings and share prices are inherently related. As a company’s earnings estimate improve over time, so too will its stock price.
To illustrate what goes into a #1 (Strong Buy)-rated company, Ryan explores Boeing (BA - Free Report) , which recently earned that designation. The host dives into Boeing’s earnings estimate trends and the fundamental factors behind its rating. He also chats about a few technical indicators and growth metrics that are not necessarily factored into the Zacks Rank, but could be bullish signals as well.
Make sure to check out the show to hear more!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>