On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps news affecting key restaurant stocks, Google, and Aurora Cannabis. Later, he is joined by Dave Bartosiak to discuss the last few months of oil trading and highlight one top energy stock. The pair also discuss Blink Charging.
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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, Facebook Live, Twitter, Ustream, and more.
Major indexes were looking to rebound on Tuesday morning after 10-year Treasury yields pulled back slightly from their multi-year highs. One of the morning’s most interesting groups was the fast-food industry, which saw positive movement from the likes of Papa John’s (PZZA – Free Report) and Starbucks (SBUX).
Papa John’s surged in morning trading on the back of reports that an activist hedge fund with a stake in Wendy’s (WEN – Free Report) was considering a bid for the embattled pizza company. Meanwhile, Starbucks extended the momentum it triggered yesterday after announcing a new CFO.
Over in the tech world, Alphabet (GOOGL – Free Report) is facing some PR headaches as new reports suggest that it knew about a security flaw affecting Google+ months before disclosing it. Alphabet said it would shutter Google+ yesterday after finding out about the bug, but according to the Wall Street Journal, Google may have attempted to avoid regulatory scrutiny and reputational damage by hiding the flaw since March.
Investors on Tuesday were also excited about the possibility of welcoming another marijuana stock to Wall Street, with Canadian producer Aurora Cannabis announcing that it has requested to list on the New York Stock Exchange.
Make sure to check out the first half of today’s episode as Ryan shares the key facts from these top news stories!
On the second half of the show, Ryan is joined by Dave Bartosiak to discuss oil prices. Dave walks investors through a few economic basics—including a lesson on why oil prices are tied to the strength of the U.S. dollar. He also predicts that a slight pullback might be coming for the black gold after its recent uptrend.
Ryan and Dave also explore the earnings trend for Chevron (CVX – Free Report) , an integrated oil behemoth and current Zacks Rank #1 (Strong Buy). The pair also step out into the broader energy space and discuss EV charging company Blink Charging .
Make sure to check out the episode to hear more!
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