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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top market news, including earnings announcements from Bank of America (BAC - Free Report) and BlackRock (BLK - Free Report) , as well as June’s retail sales data.
Later, the host gives investors everything they need to know about Netflix (NFLX - Free Report) ahead of its earnings report Monday afternoon.
Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Earnings season is really starting to pick up the pace, and Monday morning saw reports from marquee financial names Bank of America and BlackRock.
Bank of America comfortably topped estimates on the bottom line, with earnings growth coming in at a nice 43%. However, revenue barely surpassed estimates and fell 1% from the prior year—although investors were happy with the bank’s 7% growth in trading income. BAC shares were up about 2.5% through early morning hours.
Meanwhile, BlackRock fought to recover early losses in the wake of its own earnings announcement. The investment giant easily surpassed EPS and revenue estimates, but nevertheless, its stock opened sharply lower. Investors jumped on that dip quickly though, and BLK was nearly even on the day through morning trading.
Ryan recaps these two earnings reports, and highlights the latest monthly retail sales data, on the first half of today’s show!
On the second half of the episode, the hosts previews Netflix’s second-quarter earnings report, which is due after the bell today. Netflix has put together an impressive run over the past year, but over the past few days, investors and analysts have questioned whether the video streaming giant can extend its remarkable momentum.
Netflix is now carrying a rare downtrend into its report, despite the fact that estimates are calling for another quarter of insane earnings, revenue, and subscriber growth.
Ryan unpacks all of this information and explains exactly what investors need to watch for after the bell. Make sure to check out today’s show to hear what he has to say!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Netflix Earnings Preview & Monday Morning Stock Market News Recap | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top market news, including earnings announcements from Bank of America (BAC - Free Report) and BlackRock (BLK - Free Report) , as well as June’s retail sales data.
Later, the host gives investors everything they need to know about Netflix (NFLX - Free Report) ahead of its earnings report Monday afternoon.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Earnings season is really starting to pick up the pace, and Monday morning saw reports from marquee financial names Bank of America and BlackRock.
Bank of America comfortably topped estimates on the bottom line, with earnings growth coming in at a nice 43%. However, revenue barely surpassed estimates and fell 1% from the prior year—although investors were happy with the bank’s 7% growth in trading income. BAC shares were up about 2.5% through early morning hours.
Meanwhile, BlackRock fought to recover early losses in the wake of its own earnings announcement. The investment giant easily surpassed EPS and revenue estimates, but nevertheless, its stock opened sharply lower. Investors jumped on that dip quickly though, and BLK was nearly even on the day through morning trading.
Ryan recaps these two earnings reports, and highlights the latest monthly retail sales data, on the first half of today’s show!
On the second half of the episode, the hosts previews Netflix’s second-quarter earnings report, which is due after the bell today. Netflix has put together an impressive run over the past year, but over the past few days, investors and analysts have questioned whether the video streaming giant can extend its remarkable momentum.
Netflix is now carrying a rare downtrend into its report, despite the fact that estimates are calling for another quarter of insane earnings, revenue, and subscriber growth.
Ryan unpacks all of this information and explains exactly what investors need to watch for after the bell. Make sure to check out today’s show to hear what he has to say!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>