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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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Oct 28, 2016

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.

While the World Series has dominated headlines, this has been a major week for earnings. The hosts started off the episode by discussing athletic retailer Under Armour’s (UA) third quarter earnings results. Despite a beat on both its top and bottom lines, UA stock plunged as much as 14% following the report’s release.

Read more here: Under Armour (UA) Q3 Earnings, Revenues Top; View Intact

Maddy and Ryan also covered car manufacturing giant General Motors’ (GM) third quarter financial results. Like UA stock, share of GM were acting sluggish shortly after its report was released, down around 3.8% in midday trading Tuesday. Despite impressive earnings, investors showed fear of a slowdown in U.S. vehicle sales, currency instability in Europe, and uncertainly about China, in turn negatively affecting GM stock.

Check out that full story here: Here’s Why General Motors (GM) Stock is Sluggish Today

Last on this episode’s earnings docket was Chipotle Mexican Grill (CMG). Our favorite burrito maker reported disappointing earnings and revenue results, as well as weak comparable restaurant sales and transactions. Chipotle went on to blame the decline in comps on the fall in the number of transactions at its restaurants, and also a decline in average check.

Click here for more on that story: Chipotle (CMG) Slips on Weak Earnings, Comps Fall 21.9%

Finally, the featured story of the week surrounded perhaps one of the biggest deals of the year: AT&T’s (T) takeover of media giant Time Warner (TWX). Both companies are behemoths in their own industries, a fact which has made consumers, lawmakers, and politicians wary. Will the deal be able to pass all of the inevitable regulatory hoops?

For all the latest on the AT&T-Time Warner deal, check out: After Time Warner Deal, AT&T Could Become One Mean Media Machine

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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