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The Zacks Stocks in the News Blog Highlights: Uber, Under Armour, Snapchat, Chipotle
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For Immediate Release
Chicago, IL—February 3, 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:
A movement gathered ground on social media last Saturday to #deleteUber as the ride-hailing giant continued service to New York City’s JFK Airport after the New York Workers Alliance halted service to and from the airport in a show of solidarity with the protesters and people affected by President Donald Trump’s executive order barring citizens of seven Muslim-majority countries.
Make no mistake about it: Steph Curry is a superstar. The two-time NBA Most Valuable Player is probably the league’s best point guard and without a doubt its best pure shooter ever. However, this season saw the addition of fellow-MVP Kevin Durant to the already-stacked Golden State Warriors, and now that he is surrounded by even more talent, Curry will be hard-pressed to keep the spotlight on himself. What this means for Under Armour (UAA - Free Report) , who famously signed the under-appreciated Curry before his rise to stardom, remains to be seen.
Snap Inc., the parent company of photo-sharing application Snapchat, recently filed a prospectus with the SEC and is officially gearing up for an initial public offering. Snapchat has taken the social media landscape by storm since its debut in 2012, and with private valuations hitting nearly $25 billion, investors should be anticipating what could be the biggest tech IPO of the year. The prospectus contained tons of juicy information, including key financial and membership data.
Chipotle (CMG - Free Report) released its fourth quarter fiscal 2016 earnings results on Thursday, posting earnings that beat expectations and revenues that came in-line with what Zacks had forecasted. The burrito maker looks to be getting back on track after its no infamous E. coli outbreak hits its bottom line extremely hard. While comparable sales were down for the quarter, Chipotle saw a double digit increase for the month of December.
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.
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: Uber, Under Armour, Snapchat, Chipotle
For Immediate Release
Chicago, IL—February 3, 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:
If You #DeleteUber Now, You Haven’t Been Paying Attention
A movement gathered ground on social media last Saturday to #deleteUber as the ride-hailing giant continued service to New York City’s JFK Airport after the New York Workers Alliance halted service to and from the airport in a show of solidarity with the protesters and people affected by President Donald Trump’s executive order barring citizens of seven Muslim-majority countries.
As Teammates Outshine Steph Curry, Should Under Armour Worry?
Make no mistake about it: Steph Curry is a superstar. The two-time NBA Most Valuable Player is probably the league’s best point guard and without a doubt its best pure shooter ever. However, this season saw the addition of fellow-MVP Kevin Durant to the already-stacked Golden State Warriors, and now that he is surrounded by even more talent, Curry will be hard-pressed to keep the spotlight on himself. What this means for Under Armour (UAA - Free Report) , who famously signed the under-appreciated Curry before his rise to stardom, remains to be seen.
3 Interesting Things We Learned From Snapchat’s IPO Prospectus
Snap Inc., the parent company of photo-sharing application Snapchat, recently filed a prospectus with the SEC and is officially gearing up for an initial public offering. Snapchat has taken the social media landscape by storm since its debut in 2012, and with private valuations hitting nearly $25 billion, investors should be anticipating what could be the biggest tech IPO of the year. The prospectus contained tons of juicy information, including key financial and membership data.
Chipotle Gains on Q4 Earnings Beat, Total Comps Decline 4.8%
Chipotle (CMG - Free Report) released its fourth quarter fiscal 2016 earnings results on Thursday, posting earnings that beat expectations and revenues that came in-line with what Zacks had forecasted. The burrito maker looks to be getting back on track after its no infamous E. coli outbreak hits its bottom line extremely hard. While comparable sales were down for the quarter, Chipotle saw a double digit increase for the month of December.
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.