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AT&T-Time Warner Deal: The Good, The Bad, The Ugly
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On episode #18 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 - Free Report) 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.
Maddy and Ryan also covered car manufacturing giant General Motors’ (GM - Free Report) 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 uncertainty about China, in turn negatively affecting GM stock.
Last on this episode’s earnings docket was Chipotle Mexican Grill (CMG - Free Report) . 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 - Free Report) 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 - Free Report) takeover of media giant Time Warner . 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?
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!
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>
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AT&T-Time Warner Deal: The Good, The Bad, The Ugly
On episode #18 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 - Free Report) 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 - Free Report) Q3 Earnings, Revenues Top; View Intact
Maddy and Ryan also covered car manufacturing giant General Motors’ (GM - Free Report) 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 uncertainty about China, in turn negatively affecting GM stock.
Check out that full story here: Here’s Why General Motors (GM - Free Report) Stock is Sluggish Today
Last on this episode’s earnings docket was Chipotle Mexican Grill (CMG - Free Report) . 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 - Free Report) 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 - Free Report) takeover of media giant Time Warner . 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!
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>