Yahoo Finance Eurozone Fears, CAT, MSFT & TSLA Earnings & Buy Callaway Stock - Free Lunch
On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains takes a look at new worrisome Eurozone economic data that might put more pressure on the U.S. Federal Reserve. We then dive into quarterly earnings results from Caterpillar CAT, Tesla TSLA, Microsoft MSFT, and others. And the episode closes with a dive into why Callaway Golf Company ELY is a Zack Ranks #1 (Strong Buy) stock at the moment.
IHS Markit released Eurozone PMI data Thursday that showed what they called a “stalled economy in October.” The firm said that the “manufacturing downturn remains severe,” and noted that new data “suggest there's a risk of GDP contraction in the fourth quarter.”
Departing European Central Bank President Mario Draghi also voiced his concern for the services sector. The new Eurozone economic information might put even more pressure on Jerome Powell and the Fed to cut its benchmark interest rate for the third time since July.
Moving on, quarterly earnings results continue to take center stage on Wall Street. Shares of Caterpillar and 3M MMM both fell on subdued earnings guidance. Meanwhile,Twitter TWTR stock tumbled Thursday, while Tesla and Microsoft both impressed.
Wall Street will now look to Amazon AMZN, Apple AAPL, Facebook FB, and other tech powerhouses (also read: A Better-Than-Expected Earnings Picture).
Thursday’s episode of Free Lunch then closes with a look at why Callaway is a Zack Ranks #1 (Strong Buy) stock heading into its quarterly earnings release and the holiday shopping season.
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Facebook, Inc. (FB) : Free Stock Analysis Report
Twitter, Inc. (TWTR) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
3M Company (MMM) : Free Stock Analysis Report
Callaway Golf Company (ELY) : Free Stock Analysis Report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
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