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!