Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5989
    +0.0014 (+0.23%)
     
  • NZD/EUR

    0.5540
    +0.0007 (+0.13%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • NZD/JPY

    90.5030
    +0.1100 (+0.12%)
     

Why Amazon Is a Strong Buy, Nvidia GPUs, & More Stock News | Free Lunch

On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top stock market news, including Nvidia’s latest product announcements, headline volatility in the brokerage space, and retail earnings reports.

Later, he explains why e-commerce behemoth Amazon is a strong buy stock right now.

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.

ADVERTISEMENT

U.S. stocks opened higher on Tuesday, but many tech-focused investors were focused not on Wall Street, but on Cologne, Germany—the home of the annual Gamescom video game conference. Yesterday, Nvidia NVDA wowed Gamescom crowds with demonstrations of its new RTX gaming GPUs, which will feature the graphics company’s revolutionary new ray tracing technology.

Investors were also keeping a close eye on the brokerage industry today as companies like TD Ameritrade AMTD and E-Trade ETFC saw headline volatility as banking behemoth JPMorgan JPM unveiled its new You Invest app, a Robinhood competitor which offers free and discounted trading.

Meanwhile, Wall Street was also digesting earnings results from the retail sector, including reports from the likes of TJX Companies TJX and Kohl’s KSS. There were sizeable beats on the top and bottom lines for both companies, although initial reactions to the reports varied.

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.

On the second half of the show, Ryan highlights e-commerce behemoth Amazon AMZN, which is currently sporting a Zacks Rank #1 (Strong Buy).

To explain why Amazon holds this top designation, Ryan first explains the Zacks Rank, a stock-picking model based on earnings estimates and estimate revisions. The Zacks Rank looks at four factors related to earnings and estimate revisions—Agreement, Magnitude, Upside and Surprise—and Ryan investigates the latest Amazon data for each of these.

He also suggests that investors might be interested in the stock for other reasons, including its remarkable momentum over the past year, its improving margins, and budding businesses like Amazon Web Services and Prime Video.

Interested in Amazon stock? You won’t want to miss this episode of Free Lunch!

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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
 
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
 
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
E*TRADE Financial Corporation (ETFC) : Free Stock Analysis Report
 
TD Ameritrade Holding Corporation (AMTD) : Free Stock Analysis Report
 
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
 
Kohl's Corporation (KSS) : Free Stock Analysis Report
 
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research