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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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Aug 12, 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.

First up this week was Walmart’s (WMT) purchase of Jet.com. In yet another move to bolster its e-commerce offerings, Walmart scooped up the online discount retailer for about $3.3 billion. The competition between Walmart and Amazon (AMZN) will only continue to heat up from here.

Find out all the details on the acquisitions here: With Jet.com, Walmart is Finally a True Amazon Competitor

Maddy and Ryan also took a look at the widespread cancellations from Delta Air Lines (DAL) earlier this week. Due to a power outage that affected company computer systems, Delta was forced to cancel over 1,000 flights on Monday, 775 flights on Tuesday, and another 255 flights on Wednesday.

We took a look at Delta and the rest of the airline industry’s recent headaches here: After Delta's Latest Woes, Are Airline Stocks Worth Consideration?

Finally, the hosts covered this week’s most important earnings announcements. Solid reports from Macy’s (M) and Kohl’s (KSS) proved that retail might be bouncing back, while Shake Shack’s (SHAK) earnings and revenue beat failed to impress investors.

You can find our full coverage of those reports here: Macy's v.s. Kohl's Department Store Q2 Earnings Releases & Shake Shack Stock Falls on Weak Q2 Same-Store Sales Growth

Of course, the hosts also covered the week’s biggest report: Disney (DIS). After a period of struggle, Disney bounced back with an earnings and revenue beat, along with slight growth from ESPN. The company also announced a minority stake in a video streaming company that will help create a new, ESPN-brand streaming service.

Here’s how big of an impact this move could make: Disney's Purchase of BAMTech Could Change TV Forever

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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