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Gun Stocks, Spotify's Strange IPO, & Powell's Take on Inflation

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  • (1:00) - Gun Control Reaches Wall Street
  • (10:45) - Upcoming Spotify IPO: Direct Listing
  • (20:00) - Does The Lack Of Underwriters Create Opportunity?
  • (27:15) - Fed Chairman Jerome Powell's Testimony
  • (31:10) - 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 latest on gun control and gun stocks, Spotify’s rare direct listing, and Fed chair Jerome Powell’s recent Congressional testimony.

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

The national debate over gun control reached Wall Street this week, with several major businesses—including Dick’s Sporting Goods (DKS - Free Report) and Walmart (WMT - Free Report) —deciding to change their own gun sales policies. The decisions caused volatility for gunmaker stocks, and Smith & Wesson parent American Outdoor Brands later reported earnings.

Read more: American Outdoor Brands Misses Revenue Estimates

Maddy and Ryan also covered music streaming giant Spotify’s decision to go public through an unusual direct listing. Spotify is obviously a global leader in the budding digital music world, but the company’s whacky public offering comes without underwriters and is not guaranteed to generate its targeted amount of funds.

For more details: Spotify's Road to a $1 Billion IPO

Finally, the hosts touched on Jerome Powell’s latest takes on inflation. The new Fed chair touched on his observations about the American economy during two rounds of Congressional testimony this week.

Listen to the show to hear more!

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.

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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