Earnings Season Will Slow For Most & Stock Picks: BKNG, MCK

"The Fed is slowing the economy and enforcing the price stability mandate. This means that earnings will slow. There is a natural recovery with pent up demand for travel. Booking (BKNG) stock has clearly underearned and I expect their earnings report to match or beat estimates. McKesson Corporation (MCK) stock price is up over 31% year-to-date. MCK is a stock that investors can find earnings growth," says Eric Lynch. Tom White discusses an example call vertical option trade with a bullish direction on MCK and an example put vertical option trade with a neutral to bullish direction on BKNG.