- (0:45) - Michael Kors Buys Jimmy Choo
- (6:30) - Rapid Fire: Earnings Reports
- (7:10) - Alphabet (Google)
- (9:25) - AMD
- (10:45) - Chipotle
- (12:00) - Facebook
- (15:20) - Intel
- (17:20) - Starbucks
- (27:00) - Episode Roundup: Podcast@Zacks.com
On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including the sale of an iconic footwear brand Jimmy Choo, as well as the latest earnings results from Alphabet, Facebook, Amazon, and many more.
Make sure to subscribe and leave the show a rating on iTunes!
Before diving into the tidal wave of reports, Maddy and Ryan chatted about Michael Kors (KORS - Free Report) and its recent purchase of Jimmy Choo. The acquisition will see a handbag giant take control of a legacy high-fashion brand, and it underscores the recent trend of consolidation in the apparel and fashion space.
For more, check out: Michael Kors Buys Jimmy Choo: What's Next for the Luxury Brands
The hosts focused on the most important earnings reports this week, including some from the world’s biggest tech giants. This included Alphabet’s (GOOGL - Free Report) profit slump following its massive fine from the EU, as well as Facebook’s (FB) continued growth. Maddy and Ryan also chatted about the results from the big chipmakers, including AMD’s (AMD - Free Report) impressive beat and Intel’s (INTC - Free Report) record revenues.
Of course, Maddy and Ryan also had to touch on the latest reports from two of the show’s favorite food and beverage companies: Chipotle (CMG - Free Report) and Starbucks (SBUX - Free Report) . Amid another food safety headache, Chipotle posted encouraging comps growth, while Starbucks proved that it was committed to expanding its rewards program.
Finally, the hosts covered the biggest earnings story of the week—Amazon’s (AMZN - Free Report) massive miss. The e-commerce giant surpassed revenue expectations, but profits came in well below expectations and slipped more than 70% year-over-year. Find out why, only on this week’s episode!
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 firstname.lastname@example.org. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to this episode of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!
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