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The Zacks Stocks in the News Blog Highlights: Tesla, Netflix, Intel, Microsoft
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For Immediate Release
Chicago, IL—October 21, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Luxury electric car maker Tesla Motors (TSLA - Free Report) and electronics manufacturer Panasonic recently announced that they have teamed up to produce photovoltaic cells and modules in a Buffalo, New York factory. Tesla said it will use the cells and modules manufactured at the plant in a solar energy system intended to work with the company’s energy storage products Powerpack and Powerwall.
On Monday, video streaming giant Netflix Inc. (NFLX - Free Report) reported its fiscal 2016 third quarter financial results, posting earnings of 12 cents per share and revenue of $2.29 billion, helped by Netflix’s strong content slate including Stanger Things and season two of Narcos. Global streaming revenue totaled $2.2 billion, of which 40% was generated abroad, and Netflix added 0.4 million new members in the U.S and 3.2 million members internationally.
On Tuesday, Intel Corp. (INTC - Free Report) released its fiscal 2016 third quarter financial results, posting non-GAAP earnings of 80 cents per share and revenue of $15.8 billion. Non-GAAP operating income came in at $5.1 billion, while net income came in at $3.9 billion. The company reported Internet of Things Group revenue of $689 million, up 20% sequentially and up 19% year-over-year.
On Thursday, tech giant Microsoft Corp. (MSFT - Free Report) reported its fiscal 2017 first quarter financial results, posting earnings of 76 cents per share and revenue of $22.334 billion. Revenues from Microsoft’s Intelligent Cloud unit grew 8% to $6.4 billion. Growth in this division was primarily backed by revenues from its Azure cloud platform growing 116%.
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You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Stocks in the News Blog Highlights: Tesla, Netflix, Intel, Microsoft
For Immediate Release
Chicago, IL—October 21, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Tesla & Panasonic are Collaborating to Make Solar Cells
Luxury electric car maker Tesla Motors (TSLA - Free Report) and electronics manufacturer Panasonic recently announced that they have teamed up to produce photovoltaic cells and modules in a Buffalo, New York factory. Tesla said it will use the cells and modules manufactured at the plant in a solar energy system intended to work with the company’s energy storage products Powerpack and Powerwall.
Netflix Skyrockets 20% on Huge Earnings Beat, Membership Growth
On Monday, video streaming giant Netflix Inc. (NFLX - Free Report) reported its fiscal 2016 third quarter financial results, posting earnings of 12 cents per share and revenue of $2.29 billion, helped by Netflix’s strong content slate including Stanger Things and season two of Narcos. Global streaming revenue totaled $2.2 billion, of which 40% was generated abroad, and Netflix added 0.4 million new members in the U.S and 3.2 million members internationally.
Intel Down 3.5% Despite Earnings Beat, IoT Revenue Up 19%
On Tuesday, Intel Corp. (INTC - Free Report) released its fiscal 2016 third quarter financial results, posting non-GAAP earnings of 80 cents per share and revenue of $15.8 billion. Non-GAAP operating income came in at $5.1 billion, while net income came in at $3.9 billion. The company reported Internet of Things Group revenue of $689 million, up 20% sequentially and up 19% year-over-year.
Microsoft (MSFT - Free Report) Posts Q1 Earnings Beat Behind Strong Cloud Growth
On Thursday, tech giant Microsoft Corp. (MSFT - Free Report) reported its fiscal 2017 first quarter financial results, posting earnings of 76 cents per share and revenue of $22.334 billion. Revenues from Microsoft’s Intelligent Cloud unit grew 8% to $6.4 billion. Growth in this division was primarily backed by revenues from its Azure cloud platform growing 116%.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.