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Southwest's Woes, Musk's Mysteries, and Apple's Great Quarter

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  • (1:00) - Steve Mnuchin Leads Trade Talk In Beijing
  • (3:25) - Southwest Airlines Fatal Accident and Earnings Recap
  • (7:10) - Tesla Earnings Report
  • (12:00) - Apple Earnings Report

On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including the recent troubles of Southwest Airlines (LUV - Free Report) and the latest earnings reports of Tesla (TSLA - Free Report) and Apple (AAPL - Free Report) .

Make sure to subscribe and leave the show a rating on Apple Podcasts!

First up, Maddy and Ryan discussed the concerning news surrounding Southwest Airlines over the past few weeks. The problems started with an on-board tragedy involving a plane that had taken off from New York. While in the air, a fan blade in the plane’s engine separated, showering the aircraft with debris, breaking a cabin window, and killing a passenger who was partially ejected from the plane.

Then, the company disappointed investors with sluggish earnings results and guidance last week, and just a few days ago, it was forced into more damage control when another Southwest flight was diverted due to a broken window. Southwest is now sporting a Zacks Rank #5 (Strong Sell).

Next, the hosts recapped the recent earnings announcements of Tesla and Apple. Tesla was able to beat estimates on the top and bottom line, but investors ditched the stock when Elon Musk went relatively off the rails during the company’s conference call.

Meanwhile, Apple missed iPhone unit sales estimates but posted remarkable growth in several key growth categories, including its Services unit. Make sure to check out the show to hear more!

As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on Apple Podcasts.

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