Yahoo Finance Trade War Updates, Trump & Apple, Target Earnings & Buy This Chip Stock
On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains discusses the latest U.S. and China trade war news, as well as President Trump’s Apple AAPL factory trip. We also dive into some retail earnings, including Target TGT, before we close with a look at why Applied Materials AMAT is a Zacks Rank #1 (Strong Buy) stock right now.
All three major U.S. indexes fell Thursday amid setbacks on the U.S.-China trade war front, which saw President Trump criticize China’s efforts to reach a so-called phase-one trade deal. The Wall Street Journal then reported that Chinese officials have invited U.S. trade negotiators to Beijing.
The uncertainty might mean that new, more consumer-facing tariffs will be rolled out on December 15. This is why Trump’s Wednesday visit to Apple’s Austin, Texas plant with CEO Tim Cook is so important. The question now is what will happen to the iPhone on the tariff front.
In earnings news, Target stock soared after it continued to impress Wall Street. TGT, like Walmart WMT and others, has proven that it is more than ready to fight off Amazon’s AMZN encroachment. Meanwhile, Macy’s M was not as lucky, as the department store struggles alongside Nordstrom JWN and JCPenney JCP.
The episode then ends with why Applied Materials stock looks strong right now amid a larger semiconductor industry comeback that includes Intel INTC, Nvidia NVDA, and others.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report J. C. Penney Company, Inc. (JCP) : Free Stock Analysis Report Macy's, Inc. (M) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
