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Full Court Finance

Ben Rains takes on the weeks top trending stories in the sports industry
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Full Court Finance
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Now displaying: Page 1
Jan 6, 2017

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 story: the continued efforts of Amazon to take over the

retail world.

First, the hosts took a look at some much-needed good news from Chipotle (CMG). The struggling fast-

casual Mexican chain’s stock popped on Thursday after an analyst upgrade and price target increase by

Wedbush.

Find out more here: Here's Why Chipotle is Gaining

Next, Maddy and Ryan talked about the latest news in the domestic auto industry. Shares of Tesla

Motors (TSLA) fell in after-hours trading Tuesday following the company’s Q4 and full-year vehicle

delivery announcement. Tesla said that it delivered about 22,200 vehicles in the fourth quarter, bringing

its total to 76,230 for the year, which missed estimates.

Ford Motor Company also snatched headlines this week as its stock jumped more than 2.5% in morning

trading Tuesday following the automaker’s announcement that it is cancelling plans to build a new

manufacturing plant in Mexico and instead will invest $700 million in its home state of Michigan.

Check out both stories here: Tesla Misses Full-Year Vehicle Delivery Projections & Ford Stock Gaining on

Mexico Plant Cancellation

Next up was the news that President-elect Donald Trump’s pick for Secretary of State, Rex Tillerson,

reached a deal with ExxonMobil (XOM) that will see him relinquish his role as CEO in compliance with

conflict of interest requirements.

Get at all the details here: ExxonMobil, Rex Tillerson Reach Deal to Cut Ties

Finally, the main story this week was the chaos unleashed in retail recently. Amazon (AMZN) made

headlines this week with its recent movements to get into the fashion industry, including its bid for

bankrupt American Apparel and the development of its own in-house line of athleisure wear.

Maddy took a moment to explain the trend of athleisure, which is dominated by brands like Nike (NKE)

and Lululemon (LULU), and told everyone why Amazon might not be well-equipped to make a serious

play in the business.

The hosts also looked at the dismal holiday sales numbers of Macy’s (M) and Kohl’s (KSS), which both

clearly struggled this year thanks, at least in part, to Amazon. Maddy and Ryan ended the show with a

quick look at Sears Holdings (SHLD), another struggling retailer that is desperately trying to stop the

bleeding.

Read more here: Kohl's, Macy's Plummet on Dismal Holiday Season Sales & Here's Why Sears Holdings

Stock Is Gaining Today

As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to

check back next week for even more news from the investment and financial world!

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