On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains dives into the House vote to impeach President Trump, which has Americans equally divided. We then discuss why 2020 could be another strong year for stocks before we preview Nike NKE earnings. The episode then closes with why Enviva Partners, LP EVA is a Zacks Rank #1 (Strong Buy) stock right now.
The House voted to impeach the president for just the third time in U.S. history Wednesday. But with President Trump’s trial headed to the Senate, the American people are as equally divided across party lines as Congress.
Despite impeachment and the upcoming Senate trial, the Dow, S&P 500, and Nasdaq all jumped to new highs in morning trading Thursday. The S&P 500 is now up over 26% in 2019 and economic indicators and analyst expectations point to a continued expansion in 2020.
Netflix NFLX, Tesla TSLA, Walgreens WBA, Micron MU, and others all jumped roughly 3% to help drive Thursday’s climb. Conagra Brands CAG also soared nearly 20% after it reported solid quarterly results
Peeking ahead, Nike is set to report its quarterly results after the closing bell Thursday. Wall Street will continue to watch for Nike’s digital expansion as it faces steeper competition from the likes of Adidas ADDYY and upstart Lululemon LULU.
We then finish with why Enviva Partners is a Zacks Rank #1 (Strong Buy) stock right now.
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Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Conagra Brands Inc. (CAG) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Walgreens Boots Alliance, Inc. (WBA) : Free Stock Analysis Report Adidas AG (ADDYY) : Free Stock Analysis Report NIKE, Inc. (NKE) : Free Stock Analysis Report Micron Technology, Inc. (MU) : Free Stock Analysis Report Enviva Partners, LP (EVA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research