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AXP & IBM Earnings Preview, Wednesday's Trending Stocks: AMZN, FNKO | Free Lunch

Ryan McQueeney
Updated

On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney covers trending market stories related to the Dow index, Amazon AMZN, and Funko FNKO. Later, he previews the upcoming earnings reports of American Express AXP and IBM IBM.

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Free Lunch is the newest show from 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.

Despite early losses from broader indexes, the Dow fought for morning gains Wednesday and looks poised to nail its longest win streak since May. Industrials and financials displayed strength today, while investors showed some hesitation toward tech.

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Meanwhile, e-commerce behemoth Amazon released information about this week’s historic Prime Day, which apparently saw the most one-day Prime member additions in the company’s history. Amazon was criticized during Prime Day as its site encountered various hiccups, but slowdowns apparently did not put a dent on the celebrations.

Investors on Wednesday were also feeling the Fortnite buzz as shares of toy maker Funko gained on the back of its new deal with Epic Games. The Fortnite maker made a licensing agreement which will see Funko produce a line of branded toys and collectibles.

Ryan recaps these stories and gives his own perspective on today’s breaking news during the first half of the show!

Later, the host speculates as to whether American Express and IBM will help the Dow continue its streak with their earnings reports this afternoon.

Ryan prepares investors for these reports by exploring earnings estimates, revision trends, valuation history, and other key data for each company. Don’t miss your chance to hear everything you need to know ahead of these earnings announcements!

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International Business Machines Corporation (IBM) : Free Stock Analysis Report
 
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
American Express Company (AXP) : Free Stock Analysis Report
 
Funko, Inc. (FNKO) : Free Stock Analysis Report
 
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