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Tesla Bull Talks 2019 & Earnings Recap for DIS, SNAP, EA, and GM
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On today’s episode of Free Lunch, Ryan McQueeney recaps the State of the Union and earnings results from Disney, Snap, EA, Take-Two, and General Motors. Later, he talks to Zacks Strategist Brian Bolan about the fate of Tesla in 2019.
Free Lunch is presented by 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, Twitter, and other major streaming platforms.
Last night’s State of the Union address proved not to be a marquee moment for investors, as President Trump shied away from detailing any specific economic policy and instead reiterated his pledge to build a barrier on the U.S.-Mexico border, punctuating fears that the federal government could see another partial shutdown.
Still, Wall Street had plenty to talk about this morning thanks to a handful of new earnings announcements.
Disney (DIS - Free Report) filed its latest results yesterday afternoon, with earnings and revenue coming in better than expected on the back of strong growth in the company’s direct-to-consumer offerings. CEO Bog Iger said that Disney’s sports streaming platform, ESPN+, doubled its membership totals in five months—an encouraging trend as the release of Disney+ approaches.
Embattled social media company Snap (SNAP - Free Report) also posted solid results. The picture messaging platform surprised investors with revenue growth of 36%, significant progress toward profitability, and improved user trends. Snap shares are skyrocketing today, up more than 25% in early morning trading.
Another stock making a positive move after earnings today is General Motors (GM - Free Report) . GM’s earnings per share figures were down year over year, but revenue improved, and most key metrics came in better than anticipated. The domestic auto giant is hoping to shake off a tough 2018 and keep moving in the right direction.
Things weren’t so great for the video game stocks this morning, however. Both EA (EA - Free Report) and Take-Two (TTWO - Free Report) were sharply lower on Wednesday, as reports disappointed investors. These giant publishers released marquee titles in their most recent quarters, but they still managed to get outmuscled by the free-to-play Fortnite.
On the first half of today’s program, Ryan shares his thoughts on SOTU address and recaps all of the day’s major earnings news! Later, he is joined by Zacks Strategist Brian Bolan to discuss Tesla (TSLA - Free Report) .
Bolan has staked his claim as Zacks’ resident Tesla bull over the past year, and his belief has not wavered. On today’s Free Lunch, Bolan explains what he learned from Tesla’s latest earnings report and why he believes Tesla is in good shape to succeed in 2019.
Check out the show to hear more!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Tesla Bull Talks 2019 & Earnings Recap for DIS, SNAP, EA, and GM
On today’s episode of Free Lunch, Ryan McQueeney recaps the State of the Union and earnings results from Disney, Snap, EA, Take-Two, and General Motors. Later, he talks to Zacks Strategist Brian Bolan about the fate of Tesla in 2019.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is presented by 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, Twitter, and other major streaming platforms.
Last night’s State of the Union address proved not to be a marquee moment for investors, as President Trump shied away from detailing any specific economic policy and instead reiterated his pledge to build a barrier on the U.S.-Mexico border, punctuating fears that the federal government could see another partial shutdown.
Still, Wall Street had plenty to talk about this morning thanks to a handful of new earnings announcements.
Disney (DIS - Free Report) filed its latest results yesterday afternoon, with earnings and revenue coming in better than expected on the back of strong growth in the company’s direct-to-consumer offerings. CEO Bog Iger said that Disney’s sports streaming platform, ESPN+, doubled its membership totals in five months—an encouraging trend as the release of Disney+ approaches.
Embattled social media company Snap (SNAP - Free Report) also posted solid results. The picture messaging platform surprised investors with revenue growth of 36%, significant progress toward profitability, and improved user trends. Snap shares are skyrocketing today, up more than 25% in early morning trading.
Another stock making a positive move after earnings today is General Motors (GM - Free Report) . GM’s earnings per share figures were down year over year, but revenue improved, and most key metrics came in better than anticipated. The domestic auto giant is hoping to shake off a tough 2018 and keep moving in the right direction.
Things weren’t so great for the video game stocks this morning, however. Both EA (EA - Free Report) and Take-Two (TTWO - Free Report) were sharply lower on Wednesday, as reports disappointed investors. These giant publishers released marquee titles in their most recent quarters, but they still managed to get outmuscled by the free-to-play Fortnite.
On the first half of today’s program, Ryan shares his thoughts on SOTU address and recaps all of the day’s major earnings news! Later, he is joined by Zacks Strategist Brian Bolan to discuss Tesla (TSLA - Free Report) .
Bolan has staked his claim as Zacks’ resident Tesla bull over the past year, and his belief has not wavered. On today’s Free Lunch, Bolan explains what he learned from Tesla’s latest earnings report and why he believes Tesla is in good shape to succeed in 2019.
Check out the show to hear more!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>