On today’s episode of the Zacks Friday Finish Line podcast, host Ryan McQueeney and content writer Adam Clark, filling in for host Maddy Johnson, take on the week’s biggest news from the investment and financial world.
Second-quarter earnings were the focus this week, but before diving into all of the reports from the past few days, Ryan and Adam covered some other major stories. On Monday, investors dealt with the aftermath of the failed coup attempt in Turkey. While Turkish stocks were down across the board, the reaction wasn’t nearly as negative as we’ve seen after coups and revolutions in the past.
Earlier this week, we asked: Are Investors Concerned about the Turkish Coup Attempt?
Also this week was the Republican National Convention, a several day event that saw Donald Trump officially accept his nomination and prepare his platform for the general election. In a surprising twist, his campaign adopted the typically left stance that Glass-Steagall should be reinstated.
Check out the potential impact of this move here: These Big Banks Could Lose If Donald Trump Wins
And finally, the hosts recapped this week’s biggest earnings report. It was a difficult quarter for millennial favorites like Netflix (CMG) and Chipotle (CMG), which both saw struggles in customer retention. Long-time market favorites Microsoft (MSFT) and Southwest Airlines (LUV) also reported this week, posting mixed results.
Check out our earnings-related stories:
There’s a lot more still to come for this earnings season, and the Friday Finish Line will continue to recap the most important earnings stories next week.
Thanks for tuning into the Zacks Friday Finish Line! We’ll see you next Friday!
On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world.
Before jumping into anything too serious, Ryan and Maddy briefly discussed the Pokemon Go craze that is sweeping the nation. Although not players themselves, the Friday Finish Line hosts noticed the impact the game has had on Nintendo’s (NTDOY) stock this week.
If you are interested in Pokemon Go, check out how one of our writers thinks Nintendo could improve the game: 4 Ways Nintendo Can Improve Pokemon Go
The first bit of financial news on this week’s episode was the LINE Corp. (LN) initial public offering. Continuing on last week’s conversation about the sluggishness of the IPO market, the hosts talked about the success of the Japanese instant messaging app’s first day of trading.
Find out more about LINE’s IPO here: LINE Launches Biggest Tech IPO Of 2016
Ryan and Maddy also covered some news from a consumer staple, Starbucks (SBUX), which announced a 5% pay raise for all of its U.S. managers and employees. The drink maker also announced details about a new, high-end version of its storefronts in a partnership with an Italian bakery.
You can check out both of those stories here: Starbucks Announces 5% Base Pay Raise & Starbucks Creates New Upscale Stores with Italian Bakery Princi
Finally, the hosts talked about Amazon’s second annual Prime Day. This relatively new shopping holiday created one of the biggest days in Amazon’s history, and the company recorded record sales of its own electronic devices. Ryan and Maddy talked about the impact that Prime Day has on Amazon in the long run, as well as some other e-commerce stocks that could be affected.
Get a recap of Prime Day, as well as three stocks to look at now, right here: 3 Internet Stocks to Buy After Prime Day
Thanks for joining us on this week’s episode of the Zacks Friday Finish line podcast, and be sure to check back next week for the latest coverage!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
On the very first episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world.
Up first this week was news from Chipotle Mexican Grill (CMG). As the company continues to look for ways to get customers back in the door following its food safety scandals, Chipotle launched its new “Chiptopia” Summer Rewards Program today.
Check out how you can get free burritos here: Chipotle Fans Rejoice: "Chiptopia" Rewards Program Launches Friday
Chipotle wasn’t the only company launching a new promotion this week, as Walmart (WMT) announced its new ShippingPass. The retail giant will offer free two-day shipping on anything purchased on Walmart.com for just $49 per year. After investing nearly $2 billion in ecommerce, it’s clear that Walmart is doubling down on its fight against Amazon (AMZN).
Get Maddy’s opinion on the new offer here: Walmart's Unoriginal ShippingPass is Still No Match for Amazon Prime
Finally, our number one story this week was the Brexit. As you probably know by now, the United Kingdom voted to leave the European Union. As a result, the pound fell to a three-decade low, gold continued its climb upward, and stocks around the world plunged.
Check out our Brexit coverage: Brexit Repercussions Hit UK-Exposed Banks, Tank Share Prices
Throughout the week, the markets recovered as investors began to put a timeline on the Brexit. There is still a lot of uncertainty surrounding the withdrawal and how it will actually look. Some even started to feel that the initial reaction was overblown.
Find out what bounced back this week here: Stocks Recover, Were Brexit Concerns Overblown?
Thanks for checking out the first episode of the Zacks Friday Finish Line! We will see you next week with even more news and market commentary!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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Each Week, Maddy Johnson and Ryan McQueen wrap up the week's investing news.
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