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Markets Jump on US-China Trade Hope & Buy this Top Tech Stock – Free Lunch

The latest U.S.-China trade war news sent stock indexes to new highs. A look at some quarterly earnings results from Best Buy and others. And we close with why Zendesk (ZEN) is a Zacks Rank 1 (Strong Buy) stock right now... Read More...

On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains dives into the latest U.S.-China trade war news that sent U.S. stock indexes to new highs once again. We then take a look at some quarterly earnings results from Best Buy BBY and others. And we close with why Zendesk ZEN is a Zacks Rank #1 (Strong Buy) stock right now.

Technology stocks, from Intel INTC to Apple AAPL, helped lead a broader charge Monday, which continued Tuesday as China and President Xi Jinping remain more optimistic about the so-called phase one trade deal. Clearly, uncertainty remains as the U.S. and President Trump want China to commit to buying more farm products and better IP protections. But the positivity helped the Dow, S&P 500, and the Nasdaq all touch new highs Tuesday.

Meanwhile, the Conference Board released some disappointing U.S. consumer data Tuesday, but short-term strength remains. Best Buy helped show that U.S. consumers are still spending and plan to during the vital holiday shopping period. This helped BBY stock soar to a new high, as the technology and electronics retailer proves its strength alongside Target TGT and Walmart WMT.

Disney DIS stock also extended its run as its streaming service makes waves and has many thinking it could be a hit in the Netflix NFLX age. Dollar Tree DLTR and Hewlett Packard Enterprise HPE were not as lucky.

We then close with why Zendesk is a growth stock investors should consider buying right now. The software-as-a-service firm looks poised to expand alongside the likes of Salesforce CRM and many others as more businesses undergo digital transformations. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now&gt;&gt;” data-reactid=”17″>Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="&nbsp; Click to get this free report&nbsp; &nbsp; Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report&nbsp; &nbsp; The Walt Disney Company (DIS) : Free Stock Analysis Report&nbsp; &nbsp; Netflix, Inc. (NFLX) : Free Stock Analysis Report&nbsp; &nbsp; Zendesk, Inc. (ZEN) : Free Stock Analysis Report&nbsp; &nbsp; Apple Inc. (AAPL) : Free Stock Analysis Report&nbsp; &nbsp; salesforce.com, inc. (CRM) : Free Stock Analysis Report&nbsp; &nbsp; Best Buy Co., Inc. (BBY) : Free Stock Analysis Report&nbsp; &nbsp; Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report&nbsp; &nbsp; Walmart Inc. (WMT) : Free Stock Analysis Report&nbsp; &nbsp; Target Corporation (TGT) : Free Stock Analysis Report&nbsp; &nbsp; Intel Corporation (INTC) : Free Stock Analysis Report&nbsp; &nbsp; To read this article on Zacks.com click here.&nbsp; &nbsp; Zacks Investment Research&nbsp;” data-reactid=”18″>  Click to get this free report    Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report    The Walt Disney Company (DIS) : Free Stock Analysis Report    Netflix, Inc. (NFLX) : Free Stock Analysis Report    Zendesk, Inc. (ZEN) : Free Stock Analysis Report    Apple Inc. (AAPL) : Free Stock Analysis Report    salesforce.com, inc. (CRM) : Free Stock Analysis Report    Best Buy Co., Inc. (BBY) : Free Stock Analysis Report    Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report    Walmart Inc. (WMT) : Free Stock Analysis Report    Target Corporation (TGT) : Free Stock Analysis Report    Intel Corporation (INTC) : Free Stock Analysis Report    To read this article on Zacks.com click here.    Zacks Investment Research 

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