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The Zacks Stocks in the News Blog Highlights: Snapchat, Walmart, Apple, Boeing, McDonald's
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For Immediate Release
Chicago, IL—March 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:
On Thursday, Snap Inc. (SNAP - Free Report) made its very successful market debut, marking the second-largest U.S.-based technology IPO ever, behind only Facebook . But for years now, influential tech and internet companies have been trying to emulate Snap’s incredibly popular smartphone app, Snapchat. What is it about the app that makes it so compelling? Why is everyone copying Snapchat?
Walmart (WMT - Free Report) , America’s largest retailer, is reportedly testing a “price-comparison test” in as many as 1,200 U.S. stores in the hopes of closing the pricing gap between itself and top competitors like Kroger (KR - Free Report) and popular German discount chain Aldi, according to Reuters, who cite sources familiar with the matter. The retailer’s, whose grocery business makes up more than half of its total revenue, main goal is to find specific price points for specific products, adjusting prices on an as-needed basis.
On Tuesday, the Wall Street Journal reported that Apple (AAPL - Free Report) will release a special edition of its upcoming iPhone 8 that features a curved OLED screen, according to anonymous sources. The newspaper also reports that the next iPhone will use USB-C for charging rather than the company’s proprietary Lightning connection, which they introduced back in 2012. Apple has already adopted USB-C, an industry standard, on its MacBook line of products.
U.S. defense contractors and ETFs saw stocks prices rise after the plans for President Donald Trump’s “historic” 10% increase in military spending were announced Monday. The Trump administration provided the first glimpse into their proposed 2018 budget early Monday. Trump’s budget calls for a $54 billion increase in defense funding. Lockheed Martin (LMT - Free Report) , Boeing (BA - Free Report) , Raytheon , General Dynamics (GD - Free Report) , and Northrop Grumman (NOC - Free Report) all popped as a result.
McDonald’s (MCD - Free Report) held their annual investor meeting on Wednesday to present company information and outlook. Shares were halted at around 10:55 AM ET as investors fled to purchase the company’s stock on anticipation of revamped initiatives.
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: Snapchat, Walmart, Apple, Boeing, McDonald's
For Immediate Release
Chicago, IL—March 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:
As Snapchat IPOs, Its Competition Is Stealing Its Best Ideas
On Thursday, Snap Inc. (SNAP - Free Report) made its very successful market debut, marking the second-largest U.S.-based technology IPO ever, behind only Facebook . But for years now, influential tech and internet companies have been trying to emulate Snap’s incredibly popular smartphone app, Snapchat. What is it about the app that makes it so compelling? Why is everyone copying Snapchat?
Walmart Launches Grocery Price War: Can It Take on Aldi?
Walmart (WMT - Free Report) , America’s largest retailer, is reportedly testing a “price-comparison test” in as many as 1,200 U.S. stores in the hopes of closing the pricing gap between itself and top competitors like Kroger (KR - Free Report) and popular German discount chain Aldi, according to Reuters, who cite sources familiar with the matter. The retailer’s, whose grocery business makes up more than half of its total revenue, main goal is to find specific price points for specific products, adjusting prices on an as-needed basis.
WSJ: Apple’s iPhone 8 to Have Curved OLED Screen, Adopt USB-C for Charging
On Tuesday, the Wall Street Journal reported that Apple (AAPL - Free Report) will release a special edition of its upcoming iPhone 8 that features a curved OLED screen, according to anonymous sources. The newspaper also reports that the next iPhone will use USB-C for charging rather than the company’s proprietary Lightning connection, which they introduced back in 2012. Apple has already adopted USB-C, an industry standard, on its MacBook line of products.
Boeing and Lockheed Set to Soar on Trump’s Defense Budget Proposal
U.S. defense contractors and ETFs saw stocks prices rise after the plans for President Donald Trump’s “historic” 10% increase in military spending were announced Monday. The Trump administration provided the first glimpse into their proposed 2018 budget early Monday. Trump’s budget calls for a $54 billion increase in defense funding. Lockheed Martin (LMT - Free Report) , Boeing (BA - Free Report) , Raytheon , General Dynamics (GD - Free Report) , and Northrop Grumman (NOC - Free Report) all popped as a result.
McDonald’s (MCD - Free Report) Investor Day: Four Influential Takeaways
McDonald’s (MCD - Free Report) held their annual investor meeting on Wednesday to present company information and outlook. Shares were halted at around 10:55 AM ET as investors fled to purchase the company’s stock on anticipation of revamped initiatives.
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.