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Why Investors Should Watch FAANG, Five Below and Beyond Meat

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There's a lot to tackle in the markets Thursday. 

Jeff Marks, senior portfolio analyst for Action Alerts PLUS, weighs in on what he and Jim Cramer's investing club are watching. 

Jim Cramer will return Friday. 

What's Going on With the Tariffs?

President Donald Trump said that "not nearly enough" progress had been made in talks between U.S. and Mexican officials aimed at solving a simmering border crisis that has raised tensions between Washington and one of its biggest trading partners.

Starting June 10, the threat of tariffs on all Mexican imports will become reality, and Mexican officials are preparing a list of products it will hit with reprisal levies that are aimed at Trump-supporting states.

But Mexico isn't the only country being threatened with more tariffs.

"Our talks with China, a lot of interesting things are happening. We'll see what happens ... I could go up another at least $300 billion and I'll do that at the right time," Trump told reporters on Thursday.

Five Below Post-Earnings

Real Money Stock of the DayFive Below (FIVE) - Get Free Report posted earnings Wednesday after the bell.

The discount retailer reported earnings were 46 cents a share, beating Wall Street forecasts of 35 cents, while revenue rose more than 23% to $364.8 million, slightly higher than estimates of $364 million. Same-store sales in the period rose 3.1%, below estimates of 3.7%.

And the retailer is also keeping a close eye on the rising tariffs.

"As a value-driven retailer we are concerned about higher tariffs as they will be impactful to our business and lead to higher prices," CEO Joel Anderson said on the company's earnings call

Beyond Meat's First Earnings Report

Beyond Meat (BYND) - Get Free Report will be releasing its first earnings report after the bell on Thursday.

For the company's first earnings report since it IPO'd, analysts polled by Factset expect that company to post a loss per share of 15 cents.

"With expectations high, we maintain our Hold on BYND ahead of co.'s 1Q earnings report on Thursday. We expect few surprises in the quarter as the company provided recent outlook in April; however, given broad-based business momentum, expectations of a [McDonald's (MCD) - Get Free Report ] win, and positive recent news flow, we believe the market widely expects an upward revision to BYND's outlook," wrote Jeffries analysts.

Related. Jim Cramer: Trump Makes Mexico Situation Fluid, and Nothing Is Worse Than Fluid

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