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Facebook's Revenue Growth, Tesla and the Saudis, & Monday's News | Free Lunch

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney discusses Monday’s top market headlines, including the Tesla-Saudi connection, Elliot Management’s stake in Nielsen, and the departure of Netflix’s CFO.

Later, he analyzes the remarkable growth story of Facebook and speculates as to where the social media giant might go next.

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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.

It was a busy Monday morning for some of Wall Street’s favorite names, especially Tesla (TSLA - Free Report) . Elon Musk today answered many of the questions which emerged after his recent tweets about taking the company private, including who and what he was alluding to when he suggested that funding for the deal had been secured.

As it turns out, the funding Musk was talking about was the Saudi sovereign wealth fund, according to a new blog post from the CEO. Musk confirmed the Saudis have built a stake in Tesla and have been interested in taking the entire electric car company private.

Investors on Monday were also talking about Elliot Management’s reported stake in Nielsen Holdings . Shares of the TV ratings king surged in morning trading on the back of news that Paul Singer’s fund had taken a stake in Nielsen and plans to push the company to sell.

Another major headline this morning came from Netflix (NFLX - Free Report) , which announced that long-time CFO David Wells is stepping down. Wells has been in the role since 2010 and is credited with helping the video streaming company become the Wall Street powerhouse it is today.

Ryan recaps all of this news, providing investors with the key facts they need to know, as well as his own perspective, during the first half of today’s show.

Later, he highlights the remarkable growth story of Facebook . Despite its recent challenges, the social media company has put together one of the market’s strongest revenue growth pictures in recent years, and that is a credit to several of its growth initiatives.

Ryan digs into Facebook’s revenue results, investigates its forward-looking revenue outlook, and points out the company’s growth catalysts. He also discusses its Zacks Rank #5 (Strong Sell) and shows why the stock has seen negative earnings estimate revision activity recently.

Make sure to check out the show to hear more!

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