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The Zacks Stocks in the News Blog Highlights: Sprint, McDonald's, GoPro, Apple, Charter
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The Zacks Stocks in the News Blog Highlights: Sprint, McDonald’s, GoPro, Apple, Charter
For Immediate Release
Chicago, IL—January 27, 2017—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:
Back on Monday, wireless carrier Sprint (S - Free Report) announced it would be purchasing a 33% stake in the streaming music service Tidal, owned by hip-hop mogul Jay-Z.While Sprint did not say when the acquisition would be finalized, the new deal is part of a partnership between both companies where Sprint customers will receive exclusive Tidal content. Sprint has about 45 million retail customers.
McDonald’s (MCD - Free Report) reported fourth quarter top and bottom line beats on Monday, but despite these strong results, the fast food chain posted a same-store sales decline of 1.3%, suggesting the popularity of its All-Day Breakfast menu may be waning. CEO Steve Easterbrook, however, does not seem concerned.
On Tuesday, shares of wearable action camera maker GoPro (GPRO - Free Report) popped, and were up over 8% in morning trading after the company looked to have sold more cameras than expected during the recent holiday season, according to Pacific Crest analysts.
Apple (AAPL - Free Report) executives met with Indian government officials on Wednesday to discuss plans about manufacturing iPhones in the country. Apple is eager to begin assembling its iPhone in India, which has become one of the world’s fastest growing smartphone markets in recent years. Apple currently only has a tiny market share in the country, and is ready to start bolstering its stagnate global sales.
Shares of Charter Communications (CHTR - Free Report) , the country’s second-largest cable provider, were up almost 9% in morning trading on Thursday after a new report surfaced claiming that Verizon (VZ - Free Report) is considering a takeover of the company. According to the WSJ, Verizon CEO Lowell McAdam approached officials “close to Charter” and is working with bankers to organize a deal.
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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.
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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: Sprint, McDonald's, GoPro, Apple, Charter
The Zacks Stocks in the News Blog Highlights: Sprint, McDonald’s, GoPro, Apple, Charter
For Immediate Release
Chicago, IL—January 27, 2017—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:
Sprint to Purchase 33% Stake in Jay Z’s Tidal
Back on Monday, wireless carrier Sprint (S - Free Report) announced it would be purchasing a 33% stake in the streaming music service Tidal, owned by hip-hop mogul Jay-Z.While Sprint did not say when the acquisition would be finalized, the new deal is part of a partnership between both companies where Sprint customers will receive exclusive Tidal content. Sprint has about 45 million retail customers.
McDonald’s CEO Bullish Despite All-Day Breakfast Slump
McDonald’s (MCD - Free Report) reported fourth quarter top and bottom line beats on Monday, but despite these strong results, the fast food chain posted a same-store sales decline of 1.3%, suggesting the popularity of its All-Day Breakfast menu may be waning. CEO Steve Easterbrook, however, does not seem concerned.
GoPro Popping on Surprise ‘Healthy’ Holiday Sales
On Tuesday, shares of wearable action camera maker GoPro (GPRO - Free Report) popped, and were up over 8% in morning trading after the company looked to have sold more cameras than expected during the recent holiday season, according to Pacific Crest analysts.
Apple ‘Hopeful’ About Future iPhone Manufacturing in India
Apple (AAPL - Free Report) executives met with Indian government officials on Wednesday to discuss plans about manufacturing iPhones in the country. Apple is eager to begin assembling its iPhone in India, which has become one of the world’s fastest growing smartphone markets in recent years. Apple currently only has a tiny market share in the country, and is ready to start bolstering its stagnate global sales.
Charter (CHTR - Free Report) Stock Soars on Verizon (VZ - Free Report) Takeover Rumors
Shares of Charter Communications (CHTR - Free Report) , the country’s second-largest cable provider, were up almost 9% in morning trading on Thursday after a new report surfaced claiming that Verizon (VZ - Free Report) is considering a takeover of the company. According to the WSJ, Verizon CEO Lowell McAdam approached officials “close to Charter” and is working with bankers to organize a deal.
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.