On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps an action-packed weekend at the G-7 conference and prepares investors for what is to come this week as President Trump gears up to meet North Korean leader Kim Jung Un. Later, he discusses the near-term outlook for Applied Optoelectronics (NASDAQ:AAOI) .
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President Trump made quite the fuss over the weekend after he withdrew U.S. support of the G-7 statement and publicly criticized Canadian PM Justin Trudeau. The pair traded jabs related to tariffs on each other’s goods, surprising political experts who hoped for unity from the G-7. Ryan recaps this story and gives investors exactly what they need to know.
Meanwhile, investors are also getting ready for President Trump’s historic meeting with Kim Jung Un on Tuesday. The Singapore summit is expected to focus on denuclearization and building a sustainable peace on the Korean peninsula. Optimism that the talks will not disrupt global economic growth has lifted markets in recent days.
Finally, Ryan highlights Applied Optoelectronics, one of the morning’s top trending tickers. AAOI was down at the open after analysts from Rosenblatt initiated coverage of the stock with a Sell rating, underscoring price competition and market share concerns as Innolight and Lumentum (NASDAQ:LITE) continue to attract customers.
Still, the fiber-optics equipment maker has shown some positive momentum recently after months of being battered down, so Ryan digs into its valuation, technical trends, and earnings outlook to fill investors in on the key details.
Make sure to check out the show to hear more!
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Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Lumentum Holdings Inc. (LITE): Free Stock Analysis Report
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