India Markets closed

Trade War Updates, Trump & Apple, Target Earnings & Buy This Chip Stock

Benjamin Rains

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.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>

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, 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 click here.
Zacks Investment Research