On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney highlights the latest bullish analyst note about AMD. He also recaps news related to Netflix, Etsy, and Tailored Brands. Later, he reviews Apple’s iPhone reveal event and checks in on the stock’s earnings fundamentals.
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.
AMD AMD shares were surging again in morning trading Thursday after the popular chipmaker witnessed another positive analyst note, with FBN Securities initiating coverage on the stock with an outperform rating and a price target of $40. This call would represent a 24% climb from AMD’s Wednesday close.
Elsewhere, AT&T T head Randall Stephenson started a small war of words with Netflix NFLX, jabbing the video streaming service while commenting at the Communacopia conference. Among other things, Stephenson called HBO “the Tiffany” of the sector and compared Netflix to Walmart.
Other companies making headlines Thursday morning include Etsy ETSY, which announced that it would not be refilling its chief operating officer role after the current holder resigns, and Tailored Brands TLRD, the Men’s Wearhouse owner seeing sizeable morning gains after notching comps growth across all of its brands.
On this first half of today’s show, Ryan recaps all of these stories and provides viewers with his own perspective on the news.
Later, the host reviews Apple’s AAPL annual iPhone reveal event. Apple switched up the way it approaches “S years” by not only announcing updates to the iPhone X, but also revealing a more affordable model with many of the same features.
Apple also made some history with the announcement of the iPhone XS Max, which will feature the largest display ever seen on an iPhone.
On top of these iPhones, Apple continued to double down on the Watch as a personal health wearable, as its Watch Series 4 device includes even better heart rate monitoring and new fitness functionalities.
Make sure to check out the show as Ryan highlights each of these new products and speculates as to how they will fit into Apple’s budding product ecosystem!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
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
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Etsy, Inc. (ETSY) : Free Stock Analysis Report
AT&T Inc. (T) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Tailored Brands, Inc. (TLRD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research