MoviePass & Tesla Woes, Dell's New Debut, & Micron's 'China Ban'

MU TSLA HMNY

  • (1:10) - Helios and Matheson Analytics Shelf Offering
  • (7:00) - Dell Stock Going Public Again
  • (10:15) - Tesla Meets Production Goals For Model 3: Not All Good News
  • (15:00) - China Bans Micron Chip Sales

On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategists Ryan McQueeney and Ben Rains take on this week’s biggest stories, including MoviePass’ struggle to survive, the return of PC giant Dell to public markets, Tesla’s historic-yet-disappointing milestone, and Micron’s legal battle in China.

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

Ryan and Ben start the show by discussing Helios and Matheson Analytics (HMNY - Free Report) , the parent company of MoviePass. HMNY filed plans for a shelf offering this week, which investors saw as a desperate scramble to save the movie theater subscription plan. The hosts discuss the move and explain why MoviePass is both popular and unsustainable.

Next, Ryan and Ben cover Dell’s return to the public markets. Dell’s share of VMWare has been trading under the Dell Technologies banner for about two years now, but the PC giant hopes to swap that ticker for one which would represent its entire business, marking a return to public trading after going private in 2013.

The hosts chat about this plan and help investors understand how the go-public deal might work for existing DVMT holders.

Ryan and Ben also discussed why Tesla’s (TSLA - Free Report) historic week was met with disdain from analysts and investors. The electric car giant finally reached its 5,000-per-week production target for the Model 3, but it reportedly came at the cost of taking employees away from other projects and ultimately missing overall delivery estimates.

Finally, the Finish Line team chatted about Micron (MU - Free Report) and its regulatory headaches in China. Micron temporarily banned from selling certain products in China this week after a patent complaint from domestic rivals. Ben and Ryan explained why competition in China’s chip industry is only just getting started—and where this story fits in the ongoing U.S.-China trade war.

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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